College search net widens

The recession may have put a crimp in college savings plans, but it has actually heightened interest among parents and students in a greater variety of colleges, according to one industry observer.
MAY 31, 2009
The recession may have put a crimp in college savings plans, but it has actually heightened interest among parents and students in a greater variety of colleges, according to one industry observer. “Typically, we get requests for about four colleges,” said Cliff Kramon, vice president of Collegiate Choice Inc., a Tenafly, N.J.-based service that provides video tours of college campuses. “That has now doubled, and in some cases, we get orders for as many as 15 videos.” The recession clearly has made parents and students more cost-conscious, Mr. Kramon said. “Airfare alone for two can cost over $400 for a campus visit, in addition to lodging, meals and renting a car,” he noted. “It adds up and makes a $15 video a more attractive alternative.” In addition, the economic downturn has forced parents to consider a wider range of schools that may offer scholarships or have lower tuition. “Families are now considering more schools farther away from home,” Mr. Kramon said. “And colleges in Canada, like McGill University [in Montreal] and the University of Toronto, which are less expensive, have become more popular.”

Latest News

FINRA fines Vanguard $950,000 over decade of cost basis errors
FINRA fines Vanguard $950,000 over decade of cost basis errors

Faulty Forms 1099 and account statements reportedly left some Vanguard brokerage customers overpaying or underpaying taxes for over a decade.

More ETFs, more opportunity, more homework
More ETFs, more opportunity, more homework

The democratization of ETFs cuts both ways

Advisor moves: Raymond James, Baird add significant teams in latest recruiting push
Advisor moves: Raymond James, Baird add significant teams in latest recruiting push

Independent broker-dealers snap up experienced advisors as competition for established practices intensifies.

Wells Fargo names COO Scott Powell as its next chief risk officer
Wells Fargo names COO Scott Powell as its next chief risk officer

Derek Flowers, a nearly 30-year veteran, is set to retire in mid-January, handing the reins to the executive who helped lead the bank's regulatory turnaround.

Ameriprise runs advisor ads on ESPN, Golf Channel, CBS
Ameriprise runs advisor ads on ESPN, Golf Channel, CBS

The campaign spans broadcast TV and streaming, as the brokerage faces slowing client net flows and an $8.1 billion advisor team that left to launch an RIA this month.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains