Step #2 – College Selection

Part 1

Once you have a sense of direction by identifying a future career and major, now it’s time to select the right school. Recent closures makes this process even more essential and a critical part of your plan, since it can save tens of thousands of dollars. As you’ll see, the key is to ask questions. You’ll find the more you ask – and redefine your own personal Action Plan – the more you’ll save.

My CAP Resource Guide

RG2020-2

Part 2

As we’ve covered, the more you delve into the details about a specific college – its costs, its track record and financial stability, the percentage of students who graduate, and how long it takes them to graduate – the greater your chances of making a wise investment with every college dollar spent.

This video continues to explore some of the essential questions that will help you make the right college decision.

My ‘College Action Plan’

  • For each college you listed in Step 1, answer the following questions.
  • What’s the total cost of Each School?

  • What’s the graduation rate?

  • How long does it take the average student to graduate?

  • What’s the school’s ROI?

  • What’s the student loan balance of the average grad?

  • What’s the 3-year cohort default rate? (Currently, under 50% is fairly good)

  • Is the school accredited? (Yes/No)

  • How financially secure is the school? Are they on the HCM List? (Yes/No)

  • What is the mean College Admission Test score?