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Why You Should Do College Research

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Deciding where to attend college is one of those big life decisions—kind of like buying your first car or choosing a place to live. It’s not just about the prestige or the campus vibes; it’s about finding a place where you can thrive academically and socially for the next few years. This decision becomes even more critical when you’re considering an objective such as pursuing a business degree online, where the fit with your lifestyle and career goals must be spot-on.

Knowing What You’re Getting Into

Think of choosing a college like planning a road trip. You wouldn’t just jump in the car and go without a map, right? Researching colleges is your way of mapping the journey ahead. It’s about more than just ensuring you have a place to study; it’s about making sure that place is one where you’ll be happy, productive, and successful.

Balanced College List: When you start your research, you’re aiming to create a balanced list of schools. This means having reach schools that might be a bit of a stretch, target schools that fit your qualifications well, and likely schools where you’re almost certain to get in. This strategy ensures you have options when decision letters start rolling in.

Dive Deeper Than the Brochure

Colleges are great at marketing themselves. Brochures show sunny campuses and happy students, but your job is to dig deeper. What’s the real story?

Academic Programs: If you’re aiming for a business degree, what kind of accreditation does the program have? What are the credentials of the faculty? And importantly, what do current and past students have to say?

Culture and Social Fit: Are there clubs and organizations that match your interests? What’s the campus culture like? If you’re considering an online program, what support systems are in place for online students?

The Online Education Angle

With the rise of online education, especially for degrees like business, understanding the nuances of an online program is crucial. This is where your research needs to zoom in on aspects unique to online learning.

Flexibility and Support: How flexible are the course schedules? What kind of technical support is available? This is vital for online students who may rely on robust tech support and flexible schedules to manage their studies alongside other responsibilities.

Networking Opportunities: One of the potential downsides of an online degree is the limited face-to-face interaction. Check how the school facilitates networking opportunities for online students. Are there virtual meetups, seminars, or perhaps even in-person events?

Utilize Every Resource

The internet is your research playground. Use every tool at your disposal to gather information about your potential schools.

Official Statistics: Start with the basics—graduation rates, employment outcomes post-graduation, and average class sizes. These can usually be found on the college’s official website or through educational statistics portals.

Unofficial Insights: Dive into student forums, social media groups, and review sites. Here, you can get the unofficial scoop on what it’s really like to attend the school or be part of an online program.

Why It All Matters

Doing thorough research before making your college choice can save you from the headache of transferring later or realizing too late that the school isn’t a good fit for your personal or professional goals. It’s about making an informed choice that aligns with your long-term objectives, ensuring you invest your time and money into a college experience that will serve you well beyond graduation.

Conclusion

The effort you put into researching colleges can dramatically shape your educational journey and influence your career trajectory, especially in fields like business where the market is competitive. Take the time to explore, question, and understand exactly where you want to spend the next crucial years of your academic and professional life. With the right research under your belt, you can confidently choose a college that not only meets your academic needs but also supports your career ambitions and personal growth.

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Financial Planning Association of New Jersey “Know Your Money” Series Talks Taxes

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The second installment of a video series asks people about taxes, underscoring the importance of the role a CFP® and other professionals make.

January 19,2017

the staff of the Ridgewood blog

Ridgewood NJ,  The Financial Planning Association of New Jersey (FPANJ) continues its five-part video series to stress the importance of learning about your money, and how a Certified Financial Planner(TM) can play a role in reaching your financial goals.
After a launch in November covering estate planning, the latest subject is a timely one: Taxes.
The entire series features “man on the street” interviews with people, asking them questions based on topics that are important to know, yet many people can’t answer, even with a cash reward ($1) on the line.  Additional subjects will be released throughout the year and will include

College Planning, Social Security, and Health Care

 “Everyone is impacted by taxes,” said FPANJ President Rob Rafano. “It can be eye-opening for many who watch the video to realize what they don’t know. The purpose is to demonstrate all of the various issues that CFP®s help clients handle, and why not knowing what you don’t know can keep you from building wealth. The good news is that enlisting the help of professionals can help you reduce your tax liability, year in and year out.”
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The second installment of the Know Your Money on Taxes can be viewed on the FPANJ’s You Tube Channel. Additional videos can also be found there to help the public get to know FPANJ and learn more about their finances.

“We hope to continue the conversation among consumers on how to get started learning more about their finances, saving and investing more, and leaning on the expertise of financial professionals to get them there,” Rafano said, adding, “we are also relying on our local media to help educate the public, as there is always something happening in the news that these videos relate to.”

 

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Financial Planning Association of New Jersey Warns of the Cost of College Debt on Social Security

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January 6,2017

the staff of the Ridgewood blog

Ridgewood NJ, While Financial Planners have been advocating for smarter legislation on student loan programs for years, the news is finally spotlighting a concern over its impact on Social Security income if debts aren’t paid.

The Financial Planning Association of New Jersey (FPANJ) has long held advocacy positions in Trenton that have encouraged careful decision making with regard to student loan programs. However, the impacts haven’t been well publicized until recently, when the Wall Street Journal ran a piece on how Social Security checks can be reduced if debts for college aren’t paid.”Our efforts in public financial education – and in the Capitol – have included a message to stop the borrowing before it happens,” explained John Crosby, CFP® ,ChFC, CAS, CLTC, CRPC®, and Advocacy Chairperson for FPANJ. “The best solution to this issue is always to make an educated decision before you choose to borrow, where to borrow, and understand the types of student loans are available.”

The reality is that for student loans and other non-tax debts, the government can garnish wages or suspend tax refunds for anyon(e who fails to pay their student loans. They can take 15 percent of your Social Security check as long as the remaining balance doesn’t drop below $750. There is no statute of limitations on student loan debt, so it doesn’t matter how
long ago the debt occurred.

Crosby noted that lawmakers have an opportunity to protect Social Security in a bill (HR4988 Social Security Benefits Restoration Act) presented by Rep. Patrick Murphy (D-FL) in April of 2016. However, this bill is still awaiting a co-sponsor, along with similar proposals from 2015.

The best way to protect yourself is to become knowledgeable, said Crosby.

“Financial Literary programs can address this topic to help students and/or parents understand the importance of higher education and the financial responsibilities that come with it. Partnering with a Certified Financial Planner(TM) is the best course in understanding your options, whether you plan on paying for college or taking out loans.

“Often a candid discussion among a planner, parents and the student can help avoid serious financial consequences down the road. And really, that is what FPANJ and its members are here to do.”

If people don’t have a Financial Planner, Crosby recommended a tool found on the FPANJ website (FPANJ.org) at the top of the page. “Find A Local Planner” helps consumers look for a specialist in the area of college planning, and within their geographic area.

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Financial Planning Association of New Jersey Launches “Know Your Money” Campaign

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November 28,2016
the staff of the Ridgewood blog
Ridgewood NJ, The Financial Planning Association of New Jersey (FPANJ) is launching a new, five-part video series to stress the importance of learning about your money, and how a Certified Financial Planner(TM) can play a role in reaching your financial goals.
The series features “man on the street” interviews with people, asking them questions based on the following topics:
  • Estate Planning
  • Taxes
  • College Planning
  • Social Security
  • Health Care
“These are topics that everyone – regardless of their income – is impacted by every day, whether or not they want to think about it,” said FPANJ President Rob Rafano. “The purpose is to demonstrate all of the various issues that CFP®s help clients handle, and why not knowing what you don’t know can keep you from building wealth, planning for retirement and so much more.”
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The first installment of the Know Your Moneyseries will be on Estate Planning, and can be viewed on the FPANJ’s You Tube Channel. Its debut coincides with a presentation on December 13 on Estate Planning issuesregarding elder law that every CFP® should be aware of.

“We are hoping that this will start the conversation among consumers about how to get started learning more about their finances, saving and investing more, and leaning on the expertise of financial professionals to get them there,” Rafano said, adding, “we are also relying on our local media to help educate the public, as there is always something happening in the news that these videos relate to.”