Invest in Some College Advice
An admissions consultant can offer personalized tips to get your child into college.
Worried about getting junior into college or graduate school? For $1,000, an admissions consultant can help your child narrow down thousands of options to a dozen or more schools that could be the right fit. That's why Janet Stein of Maple Grove, Minn., hired a consultant to help her son, Michael, in his college search. "When a 17-year-old listens to his mother, he hears the Charlie Brown music," Stein says. "I knew I had to get someone who was not emotionally involved to help him focus."
Row 0 - Cell 0 | More $1,000 Ideas |
Row 1 - Cell 0 | Enter Our Best $1,000 Idea Contest |
Valerie Broughton, an admissions consultant in Minneapolis, identified schools that complemented Michael's academic and social interests, set deadlines for applications, and coached him on essays and interviews. Michael was admitted to four of the five schools he applied to, including the one he plans to attend in September, Drake University, a private college in Des Moines. It was a school that Stein would not have considered if Broughton hadn't mentioned it. Plus, Broughton helped Michael find enough scholarship money to make Drake as affordable as an in-state school, Stein says. Broughton charges $2,750 for the total package but will work for an hourly rate of $200.
You'll typically pay more than $1,000 to get the full range of services from an admissions consultant. But the most valuable service is narrowing the list of schools to those likely to admit your student, give financial aid and offer the best educational programs for your child's interests. A grand will buy such a list from a qualified consultant, says Mark Sklarow, executive director of the Independent Educational Consultants Association.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The association requires its members to visit at least 50 college campuses before they can be certified. For a member directory, visit www.educationalconsulting.org.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
BJ's Wholesale Pops on Membership Fee Hike, Stock Buybacks
BJ's stock is rallying Thursday after the warehouse club raised its membership fee for the first time in seven years and unveiled a big stock buyback program. Here's what you need to know.
By Joey Solitro Published
-
Why Snowflake Stock Is Still a Buy After Earnings
Snowflake stock is surging Thursday after cloud company beat expectations for its third quarter and raised its full-year outlook. Here's what you need to know.
By Joey Solitro Published
-
Roth IRA Contribution Limits for 2024 and 2025
Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
By Jackie Stewart Last updated
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to a Cheap Last-Minute Vacation
Travel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
By Vaishali Varu Last updated
-
How to Figure Out How Much Life Insurance You Need
insurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life insurance needs.
By Kimberly Lankford Last updated
-
Amazon Big Deal Days Is Coming! We’ve Got All the Details
Amazon Prime To kick off the holiday season with a bang, Amazon Big Deal Days runs Tuesday, October 8 and Wednesday, October 9.
By Bob Niedt Last updated
-
How to Shop for Life Insurance in 3 Easy Steps
insurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
By Kaitlin Pitsker Published
-
Five Ways to Shop for a Low Mortgage Rate
Becoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
By Daniel Bortz Last updated
-
Retirees, It's Not Too Late to Buy Life Insurance
life insurance Improvements in underwriting have made it easier to qualify for life insurance, which can be a useful estate-planning tool.
By David Rodeck Published