Loans: A roundup of expert advice

For families evaluating their financial aid at this time, here's a roundup of advice from some experts on the role of loans in funding a college education.

Jonathan Burdick, dean of admission and financial aid at the University of Rochester, has an excellent guest post at the College Inc. blog for the Washington Post -- Five steps to a prudent student loan.

For more insight from an expert, check out our own guest post from Jon Boeckenstedt, vice president for Enrollment Policy & Planning at DePaul University for his thoughtful look here at when and where borrowing is worth it.

Things We Love: A Video to Help You Get Over Not Getting In

Whether or not you got into your first choice school, check out this video from Allison Singh, author of Getting Over Not Getting In - A College Rejection Guide. While we haven't seen her book, we love the video. It perfectly demonstrates one of our mantras -- it's not where you go to school, it's what you do once you get there and beyond.

No Double-Depositing

May 1, the National Candidates Reply Date, is fast approaching. This is the non-negotiable deadline for formally notifying one college that you are accepting its offer of admission—and sealing the deal with a deposit check. For those who have a top-choice school, the decision about where to send that check is straightforward. For others, choosing may require further thought, return visits, or the comparison of financial aid packages. Do not be tempted, however, to double-deposit in order to delay decision-making. Double-depositing—sending a deposit to more than one college to keep your options open —is unethical and may result in both colleges rescinding your admission. Keep in mind that you have signed a certification on your application form promising you will send a deposit to only one institution. Your acceptance letter is conditional, and it’s easier than you think for the colleges to find out if you have deposited at more than one institution. You also have an ethical obligation. Double-depositing takes places away from other students. Waitlisted students should take care not to double-deposit as well. Suppose you are accepted at College A and waitlisted at College B, but your first choice is College B. You would enroll at College A and send a deposit. If you are later accepted at College B, you can also enroll and send a deposit there. This is not double-depositing provided you inform College A immediately and in writing that you will not be enrolling.

The College Road Trip

Many of you are heading out on your first college road trips. Here coauthor Christine VanDeVelde remembers her first college visits with her daughter: A few years ago, my daughter and I ventured forth on a short tour.  We managed to walk the Vanderbilt campus in Nashville, Tennessee, in the middle of what they call a “dogwood winter” – the trees are blossoming as temperatures plummet. We then flew north to Chicago, just in time for an epic snowstorm that closed O’Hare for a day and a half. After trudging along the campus on the edge of Lake Michigan in ballet flats, we holed up in an Evanston hotel, bundled in our new Northwestern sweats watching Pay-per-View movies. My husband took the next trip that summer – Lehigh, Yale, Boston University, Dartmouth, and Cornell -- where they had to buy new shoes to accommodate  the amount of walking they did but enjoyed much better weather and a side trip to Legally Blonde on Broadway. Despite blisters, traffic jams and inclement weather, we found these road trips to be peak parenting experiences – some of the most memorable and enjoyable times we have spent with our daughter.

Tre Hadrick, Eisenhower Science and Technology Leadership Academy

This month's Counselor of the Month is actually not a high school college counselor. Ernest "Tre" Hadrick, III, is a guidance counselor at Eisenhower Science and Technology Leadership Academy, a middle school in Norristown, Pennsylvania. But one of his priorities is encouraging the students at Eisenhower -- many of whom would be the first in their families to attend college -- to strive for a college education.  Such students have a different timetable for the college application process -- they must be extremely purposeful as early as middle school. And in Tre Hadrick, they have a lot of what is needed to achieve the goal of a college education -- a mentor.

Roger J. Thompson, University of Oregon

Roger J. Thompson, Vice Provost of Enrollment Management at University of Oregon, joins us this month to answer our questions about admissions and the state's flagship public university.

Founded in 1876, University of Oregon is organized into eight schools and colleges, including Arts and Sciences, Architecture, Business, Education, Journalism and Communication, Music and Dance, and an Honors College. Located on 295 acres in the Willamette Valley, between the Pacific Ocean and the Cascade Mountains, the Eugene campus hosts about 20,600 undergraduates.

Fun facts:

Boston University Joins the Gourmet Guide

If you're headed to the City on a Hill -- Boston, Massachusetts -- on your college road trip, we've now got you covered when it comes to where to dine -- North End Italian, Pad Thai, frozen yogurt at Fenway, and the oyster house where you can sit in President John F. Kennedy's old booth. Of course, it wouldn't be Boston without some great deli and we've got recommendations for that, too. (Full disclosure: the editor of this blog is a Boston University graduate and misses delicatessen. There is none to be found in northern California.) These recommendations come courtesy of Boston University's Admissions Office and they've been very generous with their inside knowledge. So you'll be good through a road trip that takes you to visiting any combination of the many colleges and universities in the greater Boston area, such as Simmons College, MIT, Boston College, Harvard, Tufts, Brandeis, Suffolk, Pine Manor, or the New England Conservatory.

Handling Rejection: A Necessary Part of the College Application Process

Today we welcome a guest blogger -- Tamar Chansky, Ph.D. -- who has some excellent advice for both students and parents about how to handle the rejection that can be a part of the college application process at this time of year. Take advantage of her common sense and helpful sound bites as the news -- good and bad -- arrives in the coming days:

When it comes to applying to college, we’d all (students and parents alike) love to fast-forward to the glorious ending.  That “start spreading the news” moment, when we buy the t-shirts and bumper stickers of our child’s newfound alma mater, tell our friends, our enemies, our neighbors, and any stranger in the supermarket line who, willing or not, is going to hear all about it. But that is getting ahead of the story. Handling the good parts, kids and parents need no help with. It’s natural. You celebrate, you revel, you do massive recycling of all the other college catalogs and paraphernalia. Your decision is made; you are done.

BigFuture, the College Board's New Website

The College Board, the not-for-profit organization whose programs include the SAT, AP tests, PSAT/NMSQT, and CSS/Financial Aid PROFILE, has launched a new website for high school students that includes a college search function, a scholarship search tool, and an action plan program for the application process. Click on the links to see what the Chronicle of Higher Education and New York Times' The Choice blog are saying about BigFuture. And let us know your thoughts about this new resource...

What College Really Costs...

Think college costs a lot? Some of the most expensive colleges in fact cost far more than they charge. This Chronicle of Higher Education article -- "Hey, Students, Your Education Costs More Than You Might Think" -- takes a look at students' awareness of the real cost of college.

As Karen L. Leach, vice president for administration and finance at Hamilton College in Clinton, New York, lays out the case:

Counting all the tuition the college brings in, but subtracting financial aid, Hamilton's budget is $115-million, she explained. Divided by the enrollment, 1,812 students, that comes to a cost of about $63,500 each. Then, subtract the $53,470 the college charges in tuition, fees, and room and board: "Each person, even a full-pay student, gets at least a $10,000 scholarship," Ms. Leach said.