So, the college applications, including financial aid, are done. And even though my daughter understood what it would entail, until you're actually in the midst of it, you don't appreciate it's a lot of hard work. And stress.

Now the difficult part … waiting. Wondering which of the schools will accept you. Hoping that you'll have options, including at least one on your "wish list". Well, before you know it, you'll hear back and will be faced with having to make a decision. One that may feel like the biggest decision of your life, so hopefully, these five steps will help …

1. Yes, No, Or Maybe

Obviously, the schools themselves may help you narrow down your options (keep in mind many colleges and universities reported record-high application numbers this year and record-low acceptance rates), but you might also find yourself on one or more waiting lists. But start to review your options as they come in so you don't feel overwhelmed at the end.


1. Let's Talk Money

This happened in our home … my daughter was accepted by her first-choice school, but once she was done celebrating, she needed to be realistic, which meant crunching the numbers. Some schools send their financial package with its letters of acceptance; others follow up separately. And, since every school presents its financial package differently (one of Black's pet peeves), you need to make sure you're evaluating the same things for every school, including room and board if you're considering an "away" school. IMPORTANT: Make sure to separate what's "free" money (scholarships and grants that don't have to be paid back) from loans. (Some schools may show you a total of "financial aid" that include both, which skews the numbers.)The key will be determining your "out-of-pocket" cost – which is the money you'll need to come up with – whether loans, work-study programs, family members, etc.


1. Compare & Contrast
There's no right or wrong way to do this. Some people, like Black, would probably create an elaborate Excel spreadsheet, some might create "T charts" with pros and cons, some might just jot down notes. The point isn't how it looks, it's what works for you – including what you're comparing. Yes, the out-of-pocket cost's important. But there are other things (whether or not they were part of the initial selection process) you need to consider, such as location, size of the school, academic standing, extracurricular opportunities, help entering the workforce after graduation, etc.

1. Narrowed Down … But Not To One

When we taught at KIPP, Black would often ask the seniors to narrow it down to the top two or three schools, and then ask if the out-of-pocket cost was the same, which they'd select and why. Then she'd have them compare the difference in cost and decide if they thought it was worth it. This exercise often helped them determine what was really important. Plus, depending on your situation, there's nothing that says you can't circle back to a school and explain that you want to commit, but financially you're not quite there. If appropriate, let them know about competitive offers, and ask if there's any other "free" money available. As our mom always said, if you don't ask, you don't get.


1. PARENTS, PLEASE READ! "Good" vs. "Right" Decision?

As a mom, I want what's best for my child, so I'm trying to guide (and hoping not overly influence) her college decision, especially since Black made me realize that the decision ultimately belongs to my daughter. She's the one going to college, and it's her first major "adult" decision. What I need to teach her isn't to obsess about making the "right" decision (and if she later decides the school isn't quite right for her for whatever reason, she can always transfer); instead, focus on making a "good" decision (what Black calls a "conscious" decision) where she's done her homework and has thought it through.

So, anything else? Well, yes, and perhaps the most important thing of all. And it's something that Black has told high school seniors for years, and now my daughter (her niece),

It does not matter if your college is a "bumper sticker" school or one that few people know. It does not matter where you start your college career as the diploma only has the name of the school from which you graduate. But what does matter is what you make of it. It is about more than academics – it is about experiences and taking advantage of opportunities. It is about remembering … College is not the objective – it is a step along the way – and there are lots of roads, and colleges, that can get you to your destination.