The cost of a college education is one of the second largest financial investment next to purchasing a home. Currently, many private tuitions range between $180,000 and $250,000, and state governments have been decreasing their funding. Your financial decisions will benefit from our professional guidance.

As many students choose a college without adequate investigation and research regarding what the college has to offer them, research shows that one out of three college students leave or transfer to another college and five out of ten students require five or more years to earn a degree. Our objective assessment of the student’s needs at Lee Academia help us to use current research beyond website information to find the right “student-college fit”.

Many colleges have become more selective and Lee Academia's College Consultants understand what is needed for top students to gain admissions. However, finding the right college for the average or learning differences students is just as important. Many less competitive colleges have higher drop out rates and lower graduation rates, therefore it is essential we carefully place average students in appropriate educational settings.

High school counselors – both in public and private institutions – are so overwhelmed with student caseloads, federally mandated paperwork for special needs students, dealing with disciplinary situations, and scheduling courses. There is little time left for quality personal contact between counselor and the student applying to college. Guidance counselors will write a letter of recommendation, assemble a transcript, and include a student profile in the college packet – nothing more.

For more information and to contact us for a consultation: click here.

Some colleges were accused of violating the federal law that bars institutions from requiring student-aid forms other than the Free Application for Federal Student Aid, according to an investigation by Congressional Democrats.

111 institutions were identified that appeared to be establishing additional requirements for students to complete costly additional forms, such as College Board's CSIC/Financial Aid Profile.  Of the 111 colleges identified, 58 of them explicitly stated that applicants must submit the Profile form to secure any financial aid. The other schools directed applicants to submit both the FAFSA and the Profile to obtain aid, though they did not specify what each form was used to assess.

While more than 200 institutions use the Profile to evaluate students' eligibility for institutional aid, they also asked for more detailed and complicated financial questions than does the FAFSA and students had to pay a fee to submit it. President of the National Association of Student Financial Aid Administrators, said he doubted the colleges were withholding federal aid from students who had failed to complete the Profile, but he acknowledged that some of their websites could be clearer. He also mentioned that if there was a practice where schools would not award federal aid, then the schools should be held accountable. More likely it would need to be more clear on the consumer-information piece.

For more guidance and information about the FAFSA, tuition cost, or financial aid process, contact Lee Academia financial consultants can help. Contact us now.
 

As students are consulted by their Lee Academia Consultant and waiting to receive their College Athlete Game Report, here are the next 4 steps to prepare:

1. Develop your Initial Email correspondence.
2. Develop your Student Athlete profile.
3. Develop your Personal Video.
4. Organize your upcoming schedule to be included in your correspondence.

After receiving and understanding the College Athlete Game Report, here are next 4 steps to take:

1. Send out your finished email to your initial contact.
2. Be sure to respond to every correspondence you receive from the coaches.
3. Expand your contact list, as needed. Your College Athlete Game Report will only have 30-50 schools.
4. Master the college interview process... Be prepared to talk to college Face to Face.

Need Help developing your email, student athlete profile, and/or your video? Call Lee Academia @ 347-948-8863 for more details on these services. Get your College Athlete Game Report today!

Student loan rate hike stopped, but that doesn't make college affordable. The lower interest rates on student loans don't do much to reduce the spiraling cost of a college education.

Congress has finally agreed on legislation to keep interest rates on federal student loans from doubling to 6.8 percent this school year. The Senate passed a compromise bill last week that ties federal student loan rates to the yield on 10-year Treasury notes. That means undergraduates will pay an interest rate of 3.86 percent on loans taken out this year; grad students will pay 5.41 percent.

These interest rates will increase as the economy improves, but the legislation caps interest rates for undergrads at 8.25 percent.

Keeping interest rates on student loans from rising won't do much to make a college education affordable. In fact, it may make it worse, some conservatives argue. Some believe that the federal government is contributing to the rapid increase in college tuition.

Student loan debt accounts for 36 percent of Americans' total non-housing debt, a bigger share than auto loans or credit card debt.

According to the College Board, it cost an average of $22,261 for students to attend an in-state public college last year; the "moderate" budget for a private college averaged $43,289. With prices like that, it's no wonder student loan debt is exploding. And it's no wonder that politicians vow to do something about it.

In his economic speech last week, President Barack Obama promised to "lay out an aggressive strategy to shake up the system, tackle rising costs, and improve value for middle-class students and their families. It is critical that we make sure that college is affordable for every single American who’s willing to work for it."

For ways to start saving for college tuition, start planning with expert, Ms. Elisa Cheung, at [email protected].

Contributed by Joyce Mei, Hunter College HS (Class of 2015)

College freshmen, worried about forgetting something, always tend to overpack on the countless essentials that all seem to be needed, However, there are certain things that are better left at home:

• Unapproved Appliances - Every college has a different set of unapproved electrical appliances that are forbidden, including toaster ovens, lava lamps, and slow cookers.
  
  
• Extra Clothing - Although students may want to bring just about all their clothes, it is unnecessary to pack every outfit and impossible to fit it all in the small, allotted dorm space. Instead, students should pack some essentials and maybe one special outfit.
  
  
• Potentially Dangerous Equipment - Most colleges will prohibit items that pose risks to student safety, including weapons or even candles. Students should check their individual college’s policies before bringing such items.
  
  

In addition to the aforementioned items, it is also important to coordinate with other roommates before purchasing larger items like refrigerators to save space. Students should check their college’s housing regulations and guidelines for further information on what to bring and what to leave at home.

For more details about the transition to college, contact Lee Academia experts.

Why engage the services of a private college consultant?

Independent college consultants are

• Available. Consultants aren’t tied to a school, a school district, or a school calendar. They work with students in the immediate neighborhood or across the world thanks to readily available technology. Not surprisingly, consultants do much of their most important work over the summer months getting seniors ready for the admissions process, and many work long weekend and evening hours. Lee Academia's experts worked 24-7 for the past 10 years, and have never complained about their hours, as their dedication to work with students always comes first.
  

• Responsive. It’s part of the business model. Consultants have to respond promptly to emails, phone calls and other forms of inquiry or they’re quickly out of business. Deadlines are everything in the world of college admissions and no one is more aware of time constraints and the need for immediacy than independent educational consultants.

• Knowledgeable. Consultants spend significant time visiting college campuses and attending professional workshops or conferences. It’s no secret that colleges have different personalities and management practices. But it’s virtually impossible to get a feel for these personalities or keep up with changes in programs and facilities without visiting on a regular basis. Lee Academia's experts visit over 80 schools each year to update their knowledge about campuses firsthand, despite the availability o
  

• Credentialed. Reputable independent educational consultants maintain memberships in organizations such as the National Association of College Admissions Counselors (NACAC) or local NACAC affiliates—each of which sets individual membership requirements demanding years of specialized experience, education and training, and a firm commitment to continuing education.

• Ethical. As members of the above-mentioned organizations, consultants subscribe to specific Principles of Good Practice governing the actions of consultants in their relationships with students and families, schools and colleges, and with colleagues.

• Parent-recommended. Anyone in the consulting business will tell you no amount of marketing will ever bring in as many clients as simple word-of-mouth. Informal surveys of educational consultants suggest that as many as 90 percent of families seeking college consulting services are referred by other families. The best consultants are well-known in the community and are respected for the service they provide. It’s as simple as that. So ask to speak with our satisfied clients and former students or check out the Testimonials.
  

Rising High school Seniors...You're running out of time. Avoid the time crunch in the fall.

Here's what you should start to do:

1. Check deadlines: Get a calendar and start keeping track of deadlines for applications and financial aid. You'll to decide whether to apply early decision, early action or regular decision, if given those choices. When you apply early, the school might require that you submit your financial aid application far in advance, so check deadlines.

2. Get started on the essay: Writing the college essay is nerve-wracking. If you start now, you're more likely to be able to devote the time to do a great job.

If you are applying to a school that uses the Common Application, you can obtain a list of the new essay questions that was released in February.

While you can often use the same essay for multiple schools, be prepared to answer a college's supplemental questions.

3. Don't forget the supplemental materials: If you are an artist, musician, or actor, applying to colleges can be even more time consuming. You typically will have to send a résumé noting your artistic background and accomplishments, as well as a portfolio that can be captured on a CD or DVD. Start and finish your portfolio now.

4. Research: If you haven't begun researching schools, get started now. Start requesting admission materials from school websites. In addition, spend time on the college's admission website. You can find academic profiles of the freshmen class, notable facts about the school, information on financial aid and scholarships. There are many schools that will offer virtual tours and opportunities for online chats, so why not check it out?

Also, start looking online at a school's relevant academic departments.

5. Get Help: Whether you know it or not, most collegebound students are getting help from private educational consultants. Why? Getting into college has become more and more fierce, with thousands of students applying each year. Ask an Educational Consultant for help. Lee Academia's expert consultants are affordable and are certified in College counseling with over 10 years of experience and a successful track record of getting their students into their top choice matching colleges. So get guidance and help early.

Contributed by Douglas Lee, Case Western Reserve (Class of 2016)

• Get a job

This piece of advice may sound tired and you’ve probably heard it too many times, but there is really no better way of learning financial independence than through this experience. It helps keep you accountable for your spending and also helps you develop professional skills.


Finding a job is easier than you may think. Across the campus, there are many departments, labs, and other outlets looking for students for work. Try to find a job that suits you and one you can work up to 10-12 hours a week. It is awfully grueling to work 20+ hours a week while also handling a full course load.

Also, remember to be a good employee. Work hard in your position, and especially in internships/research jobs. These first experiences may lead to full time jobs after graduation. Later on, it’s often who you know, not what you know.

• Open a banking account

Now, with all your hard earned money from your campus job, what are you going to do with it? You should open a banking account with a debit card to store all that money so you don’t have those Benjamins just lying around! Having a debit card may help curb your temptations and impulses because you can only spend what’s in your account.

Try opening a bank that is local to your college town. You may have already opened a bank account back home, but if there aren’t many branches or ATMs around your campus, that account won’t do you much good. 

• Learn to work with a budget

Great, with a well-paying campus job and a bank account to store those $9.50/hour wages, the next step is to set up a monthly budget for yourself. Set up a monthly and weekly budget and keep track of your spending. It is very easy to lose track of your spending, with weekend outings with friends, local concerts, and great restaurants tempting you to empty your wallet.

You don’t necessarily have to spend money to have fun in college. Be on the lookout for campus activities / economical outings that your school provides.

• Make sure your financial aid is in check

Remember to keep track of deadlines and paperwork to hand in. Your financial aid may decrease substantially if you miss those important due dates. You don’t want to lose your chance at those tens of thousands of dollars that you have already been awarded just because you forgot about a deadline. Also, you may not get to register for classes in time, which only leads to disaster.

You never want to be in a rush for these financial aid matters because mistakes can be made in these situations, so make sure to be prepared.

• Apply for scholarships

This last tip may seem the most intimidating for students who have never applied for scholarships before. There are thousands of scholarships out there and they can range from a couple hundred dollars to a few thousand dollars. Don’t disregard the scholarships with smaller awards, as those will be easier to attain since they have a smaller applicant pool.

Hey, getting $500 for writing an essay about a random topic, or spending a little time to fill out an application and including a resume to earn a thousand big ones sounds

*For any Financial Aid Assistance, contact [email protected].

Starting today, July 1st, students who are borrowing subsidized loans from the federal government this fall will see interest rates on their loans double to 6.8%. Oh no! But don't worry...lawmakers are working hard behind the scenes trying to strike a deal to save the 7 million college students who are slated to take the subsidized federal Stafford loans this year.

Students are being told to prepare for the worst and hope for the best.

Students with loans at stake have been watching the debate on Capitol Hill with worry and apprehension.

The doubling student loan interest rates that are going into effect today only apply to new loans. These loans are generally awarded to only about a third of undergraduate students in financial need. Only Congress can change the rates and any tweaks to the law.

Students, hang in there...and let's hope for the best.