How Application Positioning and Financial Planning Can Make a Difference

November 15, 2024

Behind each college acceptance letter these days, there’s a complex mix of factors that colleges consider, extending beyond grades and test scores. Consequently, thinking strategically about college applications and financial planning is critical to increasing your chances for success.

Think Like an Admissions Team: Positioning Your Teen for Success

When colleges review applications, they’re not only searching for top grades and test scores; they’re looking for students who align with their institution’s values, culture, and mission. Admissions teams work to build a well-rounded freshman class filled with diverse perspectives, interests, and strengths. The more your teen’s application speaks to these priorities, the more compelling their candidacy will be.

Imagine the application as an argument for why your teen belongs at that college. Colleges want more than students—they want contributors who will enhance academic programs, participate actively in campus life, and embody the school’s vision. By highlighting your teen’s unique strengths and how they align with the college’s values, their application can help make a strong case for their fit.

Encourage your teen to reflect deeply on what excites them academically and personally. What unique passions do they have, and how might these connect to a college’s mission? Colleges appreciate students with a clear sense of purpose and vision for how they can contribute to the campus community.

Mastering College Finances: A Three-Pronged Approach

The rising sticker prices for colleges are staggering, but proactive planning can help manage expenses. Adopting a comprehensive approach that includes federal aid, institutional scholarships, and independent scholarships can significantly reduce financial strain. This kind of planning requires time, so it’s wise to start early. As one friend put it, “Start now and thank yourself later.” An early start that includes critical steps lets you effectively manage all the moving parts needed to maximize your family’s opportunities across these key financial aid sources.

Pulling it All Together: Advocating for Your Teen

The college selection process is challenging, but with the right approach, it can be both manageable and rewarding. As a parent, you’re one of your teen’s most important advocates. You can help them level the playing field. Help them tell their story—not just academically, but as a whole person. And remember, proactive financial planning is just as crucial. With strategic steps, you can ensure a smooth journey toward the best college fit for your teen’s future—and for your family’s goals.

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