How to Appeal Mid-Year

Unfortunately, our economy is necessitating more and more people appeal their students financial awards in the middle of the year. Being laid off or having a cut in your pay is an all too real problem which is making paying for college even more difficult.

CNBC and Christopher Penn of provide some excellent information for families in just such a situation. Check out this video...

Kathy Klavon brought up an excellent question on our Real College Savings discussion group on Facebook...

"I am looking for objective opinions on the importance of sending kids to university for thier prereqs vs. Jr College -- finances vs away from home college experience"

Here is our response...

"Kathy brings up a topic that I am asked about very often. Does it make sense to send a child to a less expensive Jr. College for the first two years, and then send them on to the 4 yr college or university?

First off, you need to have a strategic approach to the schools that your students will apply to. I always recommend that students apply to at least 6 - 10 different colleges or universities. One of those schools should always be a safety school. The community colleges are always great safety schools. So CC's should be part of the mix your student applies to.

When you receive the financial awards back from the colleges (which is typically in March or April of their Sr. year), then you can judge apples to apples and see if it makes economic sense to go the CC route, or head straight to the 4 yr college.

Don't be afraid that the CC might be detrimental to their job prospects. No one cares what school you started at. They only see what school you graduated from.

A couple downsides are possible. Some colleges and universities will provide more money to freshman students over transfer students, but you can probably appeal this if you have a student the school wants. And sometimes it can be difficult to transfer CC credits to other schools. You'll want to work with those schools your student wants to terminate at to ensure your picking the right classes."

If you would like to join the discussion, join then join the Real College Savings discussion group here.