Category: Motivation

Myths and Misperceptions about the MBA

This week we welcome Katie Lloyd, Ed.D., Associate Dean, Evening and Full-time MBA Programs at the Scheller College of Business to the blog. Welcome, Katie!

Listen to “Myths and Misperceptions about the MBA – Katie Lloyd, Ed.D.” on Spreaker.

It’s never too early to think about your future. Now you might be shouting at the screen, “I just decided to attend _________! Of course, I’m thinking about my future.” Absolutely. Enjoy these noteworthy moments as well as your upcoming undergraduate experience. I hope it is only the beginning of a wonderful journey of lifelong learning.

College is an amazing time to explore new interests, activities, and relationships – and as you start to map out your future – an MBA is a great option to consider.

Photo taken prior to Covid-19 pandemic.

There is a lot of jargon, myths, and misperceptions associated with an MBA degree, so let’s break it down.

First: What is an MBA? An MBA, or Master of Business Administration, is a graduate program for students seeking a general graduate business degree. In addition to learning the basics, MBA programs also allow you to go deeper into business subject matter. There are a variety of MBA program formats available. Let’s tackle some of the myths and misperceptions surrounding the degree.

Myths

Myth #1: I should go to graduate school right after college.

An immediate path to graduate school may be the best course of action for some degrees, however, it’s ideal to gain work experience before applying to business school. A few good reasons to wait include:

  • MBA programs are built on classroom discussion and practical application. Students with work experience can contribute more to discussions and typically make better teammates.
  • Employers want to hire MBAs who have prior experience – and some companies require a minimum number of years. The requirement varies across industries, but three to five years is typical.
  • Students who have impressive pre-MBA profiles will have more post-MBA opportunities. More experience can also mean higher salaries.

Did you know? Some MBA programs, including Georgia Tech’s, allow you to apply for deferred admission into an MBA program your final year of college. You are still required to work before starting the MBA, but the deferred application process allows you to secure an MBA as a possible future option sooner.

Myth #2: I need to be an undergraduate business major.

It’s true that a bachelor’s degree in business can demonstrate critical thinking and analytical or quantitative aptitude, but so can engineering, sciences, and economics degrees. Students who pursue majors outside of these areas may also highlight aptitude by taking statistics, accounting, and other quantitative electives. MBA programs review the difficulty of your undergraduate degree and your performance. If your coursework can’t easily affirm potential success in graduate-level business classes, strong performance on the GMAT or GRE can help.

Photo taken prior to Covid-19 pandemic.

Myth #3: MBA programs only want applicants who are accountants, consultants, or entrepreneurs.

Absolutely untrue! While having an early career in any of these areas is great, it isn’t the only path to an MBA. Peace Corps volunteers, educators, engineers, veterans, architects, computer programmers, doctors, scientists, salespeople, journalists… they can all be qualified and compelling MBA candidates. Students who bring varied perspectives into the classroom encourage rich discussions and different approaches to problem solving.

Myth #4: MBA programs are only for Wall Street wannabes.

Just as MBA applicants bring a wide range of backgrounds into the program, MBA graduates also pursue a variety of careers afterwards. An MBA prepares you to make industry advances and significant career changes. You take a core curriculum in business fundamentals like finance, marketing, management, accounting, technology, operations, and strategy, and then can go deeper in one of them or specialize in something like real estate, sustainability, or innovation. Your classwork and projects, as well as extensive leadership and career development training, can lead to careers in almost every industry.

Did you know? Many MBA programs offer dual degree options that enable you to pursue two degrees simultaneously or consecutively. Popular options include the MD/MBA (medicine), JD/MBA (law), and MS/MBA and PhD/MBA in specific disciplines. At Georgia Tech, there are several dual degree choices. Masters or doctoral students who combine their studies can distinguish themselves in the hiring process and gain more long-term career flexibility. Also, it typically takes less time to complete the two degrees than if you were to do them independently.

Myth #5: MBAs are all about making money.

While many students return to school with the goal of increasing their salaries, MBA programs also help students build connections and do good within their communities. There are volunteering and community service opportunities, you can consult for non-profits, or even tackle environmental and social issues both during and after the program. Additionally, MBA students gain access to a new, diverse network that helps them build meaningful, often lifelong, relationships.

Photo taken prior to Covid-19 pandemic.

Myth #6: I need to leave my job to enroll in an MBA full-time.

Traditional MBA programs took students away from the workforce for two years. Now, there are many alternative formats. There are one-year accelerated programs, part-time options, online formats, and executive MBAs. The full-time, two-year option is still popular if you want to make a career change, as it allows you to gain relevant experience during a summer internship. Do your research and talk to admission offices to figure out which program may be the best for you.

Misperceptions

There are widely held misperceptions about most MBA admission processes. A few have been addressed in this blog series previously, but bear repeating:

Misperception #1: Most admission teams look for reasons to deny you.

While we look for certain desirable characteristics on your MBA application – we really are rooting for you! We have a lot of information to use in the evaluation process: undergraduate grades, leadership, work experience, recommendations, essays, test scores (sometimes), and an interview. You control these factors to a significant degree.

Misperception #2: Test scores are the most important factor.

While a strong performance on a standardized test (the GMAT and GRE are the most common) can help establish your quantitative aptitude, MBA programs emphasize other factors, too. In the past year, many programs have made the testing process optional, so the future of MBA standardized testing is a bit fuzzy.

For now, it’s best to think about taking a standardized test in your final year of college when your test taking skills are their sharpest. It may help you compete for admission and scholarships.

Misperception #3: MBA programs are expensive.

Yes, the cost is not negligible; however, many programs offer generous scholarships. And most candidates will experience bumps in salaries during or after completing the MBA. The typical candidate sees a return on their investment in 2 to 4 years and a lifetime of increased earnings.

I hope this knowledge about common myths and misconceptions surrounding the MBA arms you with one more option to consider for your future. As you begin your college experience, I encourage you to keep your goals beyond graduation top of mind and allow those goals to drive your decision making the next few years.

Now is the best time to be open to new opportunities and explore the unfamiliar. And you never know – perhaps the future will find you at Georgia Tech, achieving your goals as an MBA.

Dr. Katie Lloyd joined Georgia Tech’s Scheller College of Business in 2016. Bringing more than 20 years in graduate management education to Tech, Katie leads the Full-time and Evening MBA Programs as Associate Dean. She oversees all recruitment, admissions, and student experience efforts for these MBA programs. Katie is passionate about fostering a diverse, inclusive, and collaborative environment in which students and team members can reach their full potential. In addition to enjoying time with her husband and two children, Katie has been spending the last year learning how to paint.

Light in the Darkness

Listen to “Episode 29: Light in the Darkness – Rick Clark” on Spreaker.

In the days following the attack on the U.S. Capitol, we have been inundated with social media posts, interviews, opinions, podcasts, and articles riddled with frustration, finger pointing, and fallout. News stories have aired everything from caustic political rhetoric to disconcerting details related to injuries, deaths, and arrests. At this point, hundreds of CEOs, presidents of boards, chancellors of universities and systems, and others in top positions of leadership have released statements condemning these events and expressing their outrage, sadness, and shock.

Simultaneously, we are watching the escalation of  diagnosed cases and hospitalizations related to Covid-19, and learning more about the threat of a new Covid strain. While the 24-hour news cycle would never tolerate succinctly summarizing the beginning of 2021, I think a fair and accurate word to use would be darkness.

Martin Luther King, Jr quoteIn stark contrast, admission officers are spending their days during this time reading essays, conducting interviews, and hearing stories each day from incredible high school students who are investing in their schools, families, and communities. While you would never know it, your descriptions of hopes, dreams, resolve, and purpose, and the indisputable evidence of your growth, resilience, and vision serve as precious gift. Sources of deep encouragement and optimism—or in a word: light.

My goal is to return the favor and provide you with some hope and encouragement.

As a high school student:

As 2021 kicks off and you head back to class, I hope you continue to pour yourself into your sports, clubs, activities, and work. If there were ever a time to dig in and contribute, it’s now. Make something around you fundamentally better this semester.

On college admission panels and during presentations people inevitably ask what we are “looking for.” In most cases, I think they expect us to rattle off some kind of formula that includes five AP classes, at least one award in the junior year, and sustained volunteer work. The truth is admission officers are looking for applicants who have been good students inside and outside the classroom in high school.  Simply put they want to admit and enroll people who will be deeply missed by their school and community when they graduate.

Take some time in the week ahead to thank those who have helped you and supported you along the way. Email your fourth-grade teacher, go for a walk with your little sister, send a note to your ninth-grade science teacher, and as always, hug your mama. Everyone could use some more light in their life right now. Embrace that opportunity.

I also hope you: practice listening; worry less about what people think about you; break out of any cliques or relationships you know are not healthy; be disciplined enough to intentionally put your phone away for specified times each day and week; and start each morning contemplating at least one thing you are grateful for in your life.

As a college applicant:

I hope you are confident enough to consider the opinions of others but think for yourself.

I hope you figure out why you are going to college and ask the questions that really matter to you along the way.

I hope you wait well. Concern yourself more with preparing for college in general than obsessing about the internal machinations and committee deliberations of any particular college.

I hope you will not use the term “top” or “first choice.”  Don’t take an offer of admission for granted, and instead enthusiastically celebrate each one as an exciting option and opportunity.

I hope you remember college admission decisions are not character judgments or predictions of future potential. Getting in, or not getting in, to a particular school does not change who you are, the feasibility of your goals, or define you in a substantive way.

I hope you will be humble and selfless enough to celebrate your friends in their successes and comfort them in their disappointment.

I hope you are proactive in initiating critical conversations with your family about uncomfortable topics like paying for college, loans, distance from home, your major of choice, and colleges you do and do not want to apply to or attend. I hope as a result of those courageous dialogues you and your family will be able to make a unified decision devoid of ego and rooted in authenticity.

I hope you are cognizant of what and how you post on social media related to your college applications and decisions.

I hope your ultimate college choice will be based on an authentic internal compass, rather than on external pressures or commercialized rankings.

Continue to Be A Light 

For some reason people tend to think of the actual college experience and the college admission experience as separate entities. The truth is the two are closely linked.

They are both about developing critical thinking skills, seeing a bigger picture, seeking diverse voices, researching information, being comfortable with some gray and unknowns, weighing options, questioning data, understanding historical context, and keeping a broad (ideally global) perspective.

In a time of division, disruption, and disillusionment, thank you for helping those of us working in college counseling and admission, to see evidence of unity, progress, and hope. Ultimately, as a high school student, a college applicant, and both into and beyond your college years, I hope you will continue to be a light.

What does being admitted mean?

This is the final blog in our three-part series looking at different admission decisions. Check out part 1 (what it does and does not mean to be deferred) and part 2 (how to handle and move forward after being denied) for more details.  

“You are in! Congratulations! Welcome!”

In the last few weeks, thousands and thousands of students have received letters, emails, or portal notifications with these words. Fireworks, falling confetti, gifs with mascots dancing (if you got one with fireworks dancing or mascots on fire, please contact the admission office immediately!). Being offered admission is a little bit easier to understand than being deferred or denied, but there is good reason the letter you received is more than one sentence. So, let’s dive into what it does and does not mean, as well as what you should do and avoid doing after being admitted. (Note: This week I’m pushing my predictions about offers of admission during Covid-19 to the end, so stay tuned!).

What does being admitted mean?  

It means “Yes! You are in! Congratulations! Welcome!” (Cue the music!)

Being admitted means the college recognizes and celebrates your academic ability and preparation, as well as your potential to contribute outside the classroom on their campus. Additionally, it means your writing, interviews, recommendations, or other supporting materials were in line with their mission and goals as an institution. This is what is commonly referred to as match or fit.

It means you have an option, a choice, a possible place to continue your education and pursue your long-term goals. This is a big deal! Congratulations!

What should you do?  

I know this is not really a 2020 thing to do, but you should CELEBRATE! You. Got. In! So regardless of whether you are convinced you are going to that college or not– celebrate. Order out from your favorite restaurant or treat yourself to something you’ve been wanting (we should all buy ourselves at least one thing around the holidays anyway, right?). You do you.

The bottom line is we are all too quick to move on to the next thing in life. You should sit with your success for just a moment.  Consider the hard work you have put in to have this choice. Then thank the people in your life who have made this possible. Family members, coaches, teachers, and so on. Send them a text, write them a note, or bring them a gift. Celebrating is always better in community- thank yours!

Attend admitted student sessions.  In the weeks and months ahead, that college is going to host a number of online or in-person sessions, tours, or virtual programs specifically for admitted students. Register for these. This is a great opportunity to hear from current students, faculty, or alumni about their experience in that community. Invaluable information.

Meet financial aid deadlines. If you were admitted through an ED plan, this will look a bit different. Likely you have a deposit deadline to meet soon and they will be sending you plenty… plenty of information and reminders here.

If you were admitted through a non-binding plan, make sure to submit your FAFSA and any other required financial aid documents as soon as possible. Financial aid is all about deadlines. Check out more on our recent podcast.

What does being admitted NOT mean?  

It does not mean you are smarter, cooler, or a better person than someone in your class, team, or neighborhood who did not get in. I’m not saying you’re not awesome, and the college who offered you admission clearly communicated that in words and graphics. Soon they will be reiterating that message in every medium known to man (phone calls, emails, letters, texts, and potentially owls, too).

But let’s be honest: it could have gone the other way for you, too. As we’ve covered, holistic admission is unpredictable. Again, some crazy qualified and talented students did not get in. They are disappointed and hurting. So, act like you’ve been there before.

It’s okay to post your excitement on social media, but a little humility goes a long way. There is a big difference between: “Got into UVA! Hoo didn’t think I’d get in.” vs. “Accepted to Colorado College. Excited and humbled.”  Whether it be online or in person, keep it classy, my friend.

What should you AVOID doing? 

Do not blow off any offer of admission as being a little thing. Too often we hear students say, “Yeah, I got it, but it’s just the University of X.” C’mon, man. What kind of logic is that? You are the one who applied there! Be thankful that you have an option! In my opinion, that is the entire goal of the college admission experience.

Avoid slacking off in classes or making drastic changes to your spring schedule now that you have been admitted. Go back and read the second or third section of that letter. Inevitably, it discusses how they will be reviewing your final fall and spring grades. They likely discuss their right to revoke admission if you do not continue the academic pattern you set over the last few years, and on which they based their decision to admit you.

If you are going to make changes to your spring schedule, especially if those move away from and not toward additional or equivalent rigor, you should contact the college before spring semester begins.

Want to read more about being offered admission? Read on. And on.

Prediction:  In general, there will be more offers of admission going out in the fall, spring, and summer this year for a few reasons. First, I expect many colleges stay flat or lose applications compared to last year. We are already seeing this in Common App data, and some schools who were up in EA/ED are seeing their gap close as the RD deadline approaches. More EA and ED admits means more closed apps earlier in the cycle, and thus more spots freed up (in other words, look for an increase in admit rate).

Recent National Clearinghouse data supports what many feared: fewer students both started (-4.4%) and returned to college this year (-13%). As a result, many colleges will be looking for ways to build back enrollment. Some will turn the transfer lever harder, but many will seek to grow their first-year class size. Again, more admits.

So, whether you have recently been admitted or you are still waiting on decisions, the good news is colleges need students! Whether you are currently sitting on an admit or waiting to hear back, I have full confidence one is coming your way. Covid has been rough on the class of 2020 and 2021. This is a bright spot. Get fired up!

College Admission: Read, See, Discuss (…and Be Thankful)

Listen to “Episode 25: I Applied… Now What? (And More Questions From YOU!)- Rick Clark” on Spreaker.

In my 11 years (and all of the months of 2020) serving as director of admission at Georgia Tech, I’ve had three assistants. Their individual personalities vary widely, but they have all been incredibly talented and deeply committed to helping our entire team succeed.

In addition to the hundreds of other roles they play, one key part of the job description (not listed on the official HR site) is keeping me in the loop on what’s really happening with our staff.

What do they need and want? What is bothering them? What do they need to know? And in general, how can we make their day to day life better?

Over the years, feedback has ranged from family leave policies to microwaves and from office sharing challenges to invaluable suggestions. At some time or another, each of them has started that portion of our meeting with: “I don’t know how you’re going to feel about this…” Or “Don’t take this the wrong way, but…” That’s when I know something specific to me is coming.

A few years ago, my assistant gently (but very clearly) said that while our team really appreciates all of the articles and podcasts and other collateral I send them each week, it can also be overwhelming to get so many emails about varying issues and topics, especially during the busiest times of our cycle.

Noted and valid. So, we came up with the idea for a Friday Newsletter specifically for staff entitled “Progress and Service,” in honor of Tech’s motto. Broken down into four sections: READ, WATCH, LISTEN, BUZZ (something related to GT), this allows me to share timely higher education- related information without totally spamming their inboxes.


Since next week is Thanksgiving and we won’t be publishing a blog, here are a few of the real gems I’ve heard, read, and seen lately in a consolidated (and relatively concise) format:

SEEN: One of my best friend’s just moved back to Atlanta. It’s been such a gift, especially during Covid-19, to get consistent time together. One thing I appreciate about him, and something I’ve seen up close lately, is how quickly he will reach out to his friends and network when he needs a recommendation for an electrician or a place to buy good produce.

While those are mundane examples, this also translates to his work as well, and it is illustrative of his overall humility and desire to improve.

As you go through your college admission experience, I hope you will emulate this by continually asking: “Who do I know that can help me? Who knows more than me about x or y?”

Who can provide you honest feedback and help you edit (not re-write) your essay?

Who has been through interviews or interviews people regularly?

Who has experience in financial planning or explaining debt, loans, long term implications of return on investment?

Bottom line: USE YOUR NETWORK. If you are considering visiting, applying to, or ultimately attending a certain college and don’t reach out to an alum of  your high school, former teammate, or neighbor who is already there, you are missing a big opportunity.

People want to help you. Friends, family, current college students, want to use their experience and knowledge to see you succeed, find your best match, and ultimately be confident in your college admission experience.  It’s on you to reach out.

DISCUSSED: Todd Rinehart is the VP-Enrollment at the University of Denver and the President of NACAC. On a panel recently, he beautifully outlined a truth that most high school students forget when they think about college admission. You control most of this experience.

  • Of the thousands of schools in this country, you decide which ones you want to apply to. In other words, if you apply to seven colleges, you eliminated 99% of possible places. You select where you apply.

So, if you’re about to hit submit on an app (or you have recently), you should celebrate that decision. I hope you will literally say out loud when you hit submit, “Of all the colleges and universities in the nation, I’m choosing to apply to you.” Does that sound corny or cheesy (and more importantly why these midwestern foods associated with that concept)? Trust me. If your mentality when you apply is one of excitement about each college you apply to, then you are preparing yourself well for the rest of this experience.

  • Now, you do not control whether or not you are admitted, or the level of financial aid you receive. That part is out of your hands. Don’t sit around worrying about it. Don’t drive yourself nuts constantly hitting refresh on portals or emailing admission counselors asking them if decisions may be out earlier. Wait well.
  • You choose from your options. Ball is back in your court. If you listened to your counselor, did your research, and were honest with yourself about the set of schools you applied to, you are going to have choices.

People who have never been through the college admission experience often think the goal of this is to get into a certain place. Admission professionals, whether they are on the high school or university side, know the real truth- your goal is to have choice and options.

In the spring of your senior year, you will be able to sit down with the schools who have admitted you, look over your financial aid packages, revisit your goals, hopes, and dreams, listen to your parents insight, advice, and encouragement, and make a choice. That is what this is all about, friends. Don’t let some hack tell you otherwise.

  • At this point, you own and control 66% of this exchange. But I think this pandemic has taught us there is a fourth piece- also one you control. You decide how you show up at the place you ultimately pick. Bam- 75%! (With grade inflation in some schools that is an A.)

This fall has stretched and challenged us all, but I’ve been deeply encouraged by the resilience and spirit of the students I work with on a weekly basis on campus (so I wrote to them to say THANK YOU).

They regularly say, “You know. It’s not perfect, but I am so glad I’m here.” Or “I love being  with my friends and we are finding ways to have fun and enjoy our semester.” Even when the pandemic ends, you are going to find situations or elements of your college that are not perfect.  Your job is to arrive ready to embrace the new community you choose, build a new network, and take advantage of opportunities. That mentality and approach is all up to you.

READ: My friend and co-author Brennan Barnard wrote a great piece in Forbes recently. Per usual he tackles some of the most pressing and relevant conversations happening in college admission with balance, empathy, and (see #1) by leaning on the wisdom of experts. His piece covers the truth about: test score optional; high school quotas; the “magic formula” of getting in; gap year impact on the Class of 2021; how COVID-19 is impacting the college admission world. In some ways, it’s his version of “Progress and Service.” No wonder we get along.

BONUS- On a hike this week, my son asked, “Dad. You know how there is a yellow sun and an orange sun, and also a blue moon?”

Yeah…

“Well, is there a blue sun?”

Hmm…I’m not sure. Let’s look that up (turns out the answer is … kind of).

I get these kinds of questions from my kids constantly. Con-stant-ly. About former first ladies, minor powers of super-heroes, whether penguins are mammals, and the list goes on. But it’s great and I do my best when I don’t know the answer to look things up with them.

I’m imploring you not to lose that child-like curiosity and willingness to ask questions in your college admission experience. All of the points, Brennan makes in his article, you can ask individual colleges. What is on your mind? What do you want to know or ask? Do it. That’s why colleges employ admission counselors—to be available to you and help you get answers to your important, specific, and critical questions. Ask YOUR questions. Whether that is about majors or residence halls or admission policies or origins of mascots or vegan options in the dining hall. Part of being a good college student is being curious, being proactive, and constantly asking questions. Start now!

Happy Thanksgiving, friends. Thank you reading our blog and listening to our podcast. This year in particular I’m hopeful  you will pause, reflect, and embrace life’s simple moments and joys in the week ahead.

The Basics of College Admission: Part 4

The last several months have led to a lot of finger pointing. The left blaming the right, and the right giving it back to the left. School administrators have been accused of being irresponsible in how they opened, or did not open, their elementary, middle, and high schools, and college presidents have certainly been the targets of plenty of ire and consternation as well.

Photo credit: The Raleigh News & Observer (file photo)

As we head into Thanksgiving and the holiday season, I’m hopeful for a different kind of finger pointing. This is the stuff of the great Dean Smith coached UNC basketball teams—when someone helps you score, win, or succeed, and you acknowledge them by pointing to them in recognition.

The truth right now is we are all doing our absolute best in a time of great ambiguity. That’s draining and often lonely. My hope is you’ll look around you today and point your finger to (not at) someone who makes your life better—the people who help you learn, grow, and thrive. Finger points during Covid include texts, calls, distanced high fives, long-sleeved elbow bumps, and a variety of other mediums. Be creative and let the folks you love and appreciate know that today.

I’ll go first: This blog and podcast would never be possible without the incredible team I have the honor to work with at Georgia Tech. To Becky Tankersley, editor extraordinaire—THANK YOU! Your patience, attention to detail, and friendship are huge blessings in my life. To Samantha Rose- Sinclair, aka. SAMMY!! who edits our podcasts and cleans up all of my stumbles, mumbles, and bumbles—THANK YOU!

To each and everyone one of my colleagues featured below—Finger point, finger point, finger point! I appreciate y’all and consider it a true privilege to call you friends and colleagues.

Our mini-series “The Basics of College Admission” has been a great success. Thanks to those of you who have downloaded, subscribed, and listened over the last few weeks. If you are just tuning in or catching up, here is a quick look at some recent episodes on very timely topics.

Admission and Scholarship Interviews

Chelsea Scoffone (Associate Director, Special Scholarships) provides key tips and insight into how to prepare and practice for interviews, answer questions well, relax and actually enjoy the experience.

Listen to “Basics of College Admission: Interviews for Admission & Scholarship Programs – Chelsea Scoffone” on Spreaker.

Top Tips: Take advantage of “optional interviews.” Use interviews to learn more about the school and communicate aspects about your background that may not come out as clearly in your application. The best interviews are really a conversation. Translation: Don’t memorize answers!

Listen For: Key questions to ask yourself in preparation. The three biggest misconceptions students have about interviews.

Key Quote: “Don’t restate your resume…we are trying to learn those things that cannot be captured on your application.”

Further Reading: Big Future and US News

Transfer Admission

Chad Bryant (Associate Director, Undergraduate Admission) helps students understand ways students can research, prepare, and successfully transfer between colleges. He provides great tips into how students should learn about course requirements, transfer credit, deadlines, and more.

Listen to “Basics of College Admission: Transfer Admission – Chad Bryant” on Spreaker.

Top Tips: Take time to stop, reflect, and consider your goals for your college experience. Reach out to schools early to understand their specific process—they’re all different by design, which is both beautiful and maddening.

Listen For: An explanation of articulation and transfer programs or pathways.

Key Quote: “More than 1/3 of college students transfer colleges, and nearly half of those transfer more than once.”

Further Reading: National Student Clearinghouse Research Center, National Institute for the Study of Transfer Students, American Association of Community Colleges, NACAC.

The Basics of Financial Aid

Larry Stokes (Customer Service Manager, Office of Scholarships and Financial Aid) explains the “alphabet soup” of Financial Aid. He walks students through FAFSA, CSS Profile, NPC (Net Price Calculator), COA (Cost of Attendance), and EFC (Estimated Family Contribution) and gives critical tips for students and families about deadlines, questions to ask, timeline of submitting documents, and other helpful tips and advice.

Listen to “Basics of College Admission: Financial Aid – Larry Stokes” on Spreaker.

Top Tips: Deadlines, Deadlines, Deadlines! Each school is different. Research each college and their requirements.

Listen For: How to use Net Price Calculators and how to locate “outside scholarships.”

Key Quote: “Schools are not going to be chasing you down to throw money at you.”

Further Reading:  FastWeb, College Affordability and Transparency Center,  and Federal Student Aid

Who is Reading Your Application?

Katie Faussemagne (Senior Assistant Director) gives you a look into the admission committee room. Who are admission counselors? What are their backgrounds and interests? And exactly what are they looking for when they open your application or interview you for their college?

Listen to “Basics of College Admission: Who’s Reading Your Application? – Katie Faussemagne” on Spreaker.

Top Tips: Don’t try to figure out what an admission counselor “wants to hear” in an essay or an interview.

Listen For: “The hidden rubric.”

Key Quote: “The biggest misconception students have is we all wear navy blazers and have a deny stamp in our hand.”

Further Reading: Our five-part blog series on The Admission Team.

Have a great week! Remember, give your fingers a break from the keyboard. Lift them up, extend them out, and encourage someone around you now.

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