Jillian Berman

speaker

159 appearances 3 recordings 1 series first heard Sep 2017 last heard Sep 2024

Jillian Berman’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Applying to College During Covid? Here's What to Ask · 22 Oct 2020 podcast

what their financial aid budget and policies look like as compared to previous years.

Some schools are going to have the money to actually be increasing financial aid.

You know, schools with large endowments or, you know, who have a lot of resources, they're actually increasing financial aid to kind of help families cope.

Other schools that are more challenged financially, you know, may not be able to do that.

So they may not be giving out as much financial aid as they have in the past.

And it's good for families to get a sense of that.

That's definitely true.

The way that colleges assess sort of financial need is by using financial documents from two tax years prior.

So for 2021, they're using 2019 data.

So what you should do is if you know already that your financial situation has changed from 2019, you should send a letter to the financial aid office.

You can do it really at any time, but perhaps the earlier the better.

just kind of stating what changed.

So say you lost a job, you know, you explain that a member of the family lost a job, that changes your ability to pay for college, and also provide copies of documentation for every sort of change that you list.

It's important for colleges that they see evidence of the change.

So there's not as much of a push and pull around refunds, but there was some question as school began about whether colleges were going to raise tuition or not.

And some still did go with planned tuition increases, some cut tuition, some held it flat.

But definitely kind of assessing how a college would approach any kind of refund is something to consider because we don't know how long this pandemic will last.

So even if you're entering college in 2021, there's a chance you'll be sent home.

And so to understand how the colleges you're interested in dealt with that in March.

Did they give students back housing deposits?

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