Total Pageviews

Wednesday, March 26, 2025

Student Loans Amidst Dept. of Ed. Downsizing

 by Katherine O'Brien, MA, Certified College Planning Specialist, Founder and CEO of Celtic College Consultants, providing expert knowledge on the journey to college since 2004.


30-40% of college students take out student loans. Consequently, recent drastic personnel changes at the department of education have caused many people anxiety.

With half of the Department of Education (DOE) gone, questions about federal student loan programs abound. At this time, while President Trump said he wants to move the federal student loan system to the Small Business Administration (SBA), no executive order has been signed. However, such a move would likely require an act of Congress and could breach existing borrower contracts, leaving the plan vulnerable to lawsuits.

The Department of Education remains legally responsible for managing student loan programs under the Higher Education Act of 1965 (HEA). Until Congress acts, that legal authority cannot be transferred to another federal agency.

Even if enacted, any transfer from the DOE to the SBA would take months (or years) to happen and would not change current repayment terms or borrower obligations. At the same time, the SBA is also facing significant staff reductions of its own. Last week, it was announced that the SBA would cut its workforce by 40%. After those cuts, the agency may not have the capacity to absorb the complex and demanding responsibilities that comprise management of the federal student loan and collection programs.

Despite the headlines, student loan borrowers should know that nothing has changed for now. The Department of Education remains the legal administrator of federal student loans. The terms of existing loans remain in place. No loan transfers are happening, and no payments are due to the SBA.

Even if the administration wanted to shift the loans to the SBA, it may not be able to do so without Congress amending the HEA or passing a new law.

Be Careful!

In times of uncertainty, scams become more prevalent. Be sure to consult official sources of information and work with credentialed, seasoned professionals like myself.

 

 

 

Wednesday, March 19, 2025

Using ChatGPT during the College Selection Process

by Katherine O'Brien, Certified College Planning Specialist, Founder of Celtic College Consultants Determining the best college for oneself is a complex process. Information overload happens early as inboxes get flooded with videos, snapshots, stats, and more. Rankings, scores, reputations all begin to swirl about our minds.

How do we sort it all out? Where do we start? 

One option is to start with all the information. That seems logical. However, each college and program sends different information, the information they think is most relevant. This never lines up with what our teen’s top priorities are. 

The other option is to start with our teen. Often they don’t know what they want in a college. That’s completely reasonable. How can they know unless they start getting information and gaining experience? I recommend 8th – 10th graders go visit colleges and universities in their area. Visit a huge public university. Visit a medium sized university. Visit a small college. Visit one that is deeply religious and one that is completely secular. What do they like about each campus? What don’t they like? As the visits continue, your teen will develop a sense of what s/he likes and doesn’t as well as what is most important to him or her. 

Remember it's not just academics and it’s not just sports/campus spirit, and it’s not just campus ministry. It’s also not just location or sticker price or the mix of local and out of state/international students or ratio of women to men, athletes to non, or Greek life (sororities and fraternities) to non-Greek on campus, either. Let the list of top priorities FOR YOUR TEEN unfold as time goes on. Once your teen has begun to identify the aspects of colleges that are most important, create a table or spreadsheet. I’ve attached one to this email that you can use as a starting point.

Keeping Track of Everything 

My go-to for organizing data is a spreadsheet, email me (KOB@CelticCollegeConsultants.com) if you'd like a template that you and your teen can customize and use. I’m sure you’ve heard of AI. If you are like me, you are a bit hesitant about using it. (In my case, being in the middle of writing my doctoral dissertation, I’m quite leery, as I protect my intellectual work!) However, numerous colleagues have been able to use ChatGPT in the college search process. I’ll share what I’ve learned from them, in case that is helpful to your family. You can use ChatGPT to create a side-by-side comparison table based on your key factors. As time goes on, your teen’s priorities will likely change or be refined. You can update ChatGPT as you go and receive even more useful results. This can be used throughout the entire process, from initial interest list creation, through application list, to comparing accepted schools in Spring of senior year. 

Turn ChatGPT into your Research Assistant 


You can “train” ChatGPT to focus on what’s most relevant to you. Use your campus tour and visit notes and take aways. You can upload them and ask ChatGPT to summarize them, noting themes across the various campuses. You can also input your aid packages once they come Senior year and compare your net costs and ROI. Uploading program details, the details about the courses, concentrations, practicums, internships, etc. that matter most to you as well as the requirements (HS courses, GPA, test scores, extracurriculars, leadership, performances, etc.)  

Narrow down your options 


This process will need you to identify some possible schools. As you progress, add, or drop, schools to the list. You can also ask AI to suggest similar schools. Identifying possible colleges and universities is an iterative process. Making a final decision can be helped by prompting ChatGPT with “Choose this school if…” prompts. Here are the results a colleague shared: 

• Choose the University of Georgia if… you want a large, spirited campus with strong in-state connections, a big football culture, and a prestigious honors college. 

• Choose Tulane if… you’re looking for a smaller, more intimate school with a strong service-learning focus and an urban New Orleans vibe. 

• Choose the University of Wisconsin if… you want a strong research institution in a classic college town with a strong out-of-state student presence within driving distance. 

Of course, choosing colleges to visit, to apply to, and one to attend is still a difficult series of decisions, especially for a teenager. Hopefully these suggestions will help shape the process. For personal assistance and accountability during the college selection process, as well as student development, career exploration, and personal and academic development, reach out to Katherine to schedule a consultation to explore how working with her can assist your family, guide your teen, lower your stress, and increase your affordable options. Email KOB@CelticCollegeConsultants.com today.