Melissa Korn

speaker

822 appearances 14 recordings 1 series first heard Sep 2017 last heard Sep 2024

Melissa Korn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Paying for College: When Should Families Have ‘The Talk’? · 25 Apr 2022 podcast

So I think one of the biggest misconceptions about paying for college is that the sticker price, the published price that will often be listed as tuition and fees, room and board, that that's actually what college costs. voice-verified

Very rarely is that what college costs a student or their family. voice-verified

There's the published price, the sticker price, and then there's the net price, which is what the family is actually expected to cover after scholarships and grants and other free money. voice-verified

And those numbers can be wildly different. voice-verified

So even if a school has a very high sticker price, that doesn't mean it's unaffordable for your family. voice-verified

And becoming intimately familiar with what goes into calculating a school's net price, what costs there are besides tuition, like what actually fees look like, what the housing expenses could be if your kid's interested in a school in New York City versus in rural Iowa. voice-verified

Those are all things that you can start to map out and don't have to be these big black boxes and question marks that you're kind of just waiting to fill in when you get an aid letter. voice-verified

So running some calculations on net price calculators can be really helpful. voice-verified

Universities, colleges are required to have them on their websites. voice-verified

They're not perfect, but they can give some guidelines, some frame for you to look at the college costs. voice-verified

So schools will say, yes, it's expensive, but it's worth it. voice-verified

Right. voice-verified

You get this great residential experience. voice-verified

Look at this fancy dorm, the dining halls, the great research facilities. voice-verified

And yes, that can make it worthwhile for certain students to, you know. voice-verified

it is a good fit for them because of those added features. voice-verified

Not everybody wants a residential experience, so not everybody needs to pay for the residential experience. voice-verified

Again, each student, each family is different in terms of what factors really matter to them. voice-verified

You know, if somebody really wants to go into the hard sciences, it makes sense for them to go to a school that has really good research facilities, top of the line technology and fancy labs. voice-verified

Do they need the newest athletic facilities? voice-verified

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