College Planning: Getting Into College Made Easy

Run time: 39:29

Webinar Key Takeaways

  • The best fit is often not the school down the road. Families are surprised by how many options exist beyond their state, their neighborhood, or where a sibling went. (00:01:55)
  • Grades and test scores are no longer enough. Admissions now weighs essays, leadership, work, and what makes a student distinct, which is harder to plan for than a GPA target. (00:03:03)
  • Don’t rule a school out on sticker price. Grants and scholarships show up after you apply, and some well-endowed schools cost less than a state school for families under certain income thresholds. (00:14:45)
  • Start in ninth grade, not senior year. Sari’s four-year action plan: GPA and involvement, then course rigor, then testing and a 20-school list, then the Common App in August. (00:30:22)
  • College isn’t the only path. Community college, trade school, and military academies are strong options for the right student, and getting in is only half the job. (00:37:14)

About this Webinar

Why College Planning Starts Before the Application

If you have a high schooler at home, you’ve probably noticed the process looks nothing like it did when you applied. A solid GPA and a decent test score used to be enough. Now there are more applicants, lower acceptance rates at the schools everyone knows, a longer list of intangibles, and a price tag that has outpaced inflation. It’s tempting to fixate on one dream school and hope the rest works out.

Sari Trompke, author of Getting Into College Made Easy, has spent more than 20 years guiding students through it, starting with her own four children. She joined GEM’s Steve Alexandrowski for a conversation about college planning for Michigan families, and her message is reassuring: there are more good options than you think, and a plan makes the whole thing less stressful.

Her own story is why she does this. Her daughter earned a $10,000 debate scholarship, the family signed on the spot, and the financial letter that followed still showed $18,000 a year in tuition, closer to $80,000 over four years with room and board. “That $10,000 did not seem so much,” she says. That mistake became her method.

What You’ll Learn

Fit Over Name

In Sari’s experience, the biggest surprise for most families is how many options they never consider. They default to the school in their region or the one a sibling attended. She’s blunt about the dream-school problem: “This isn’t like a soulmate type of a thing.” Students can do well at several schools, and two children from the same house may need very different ones. She walks through how to define fit by academic rigor and support, campus size and location, the program within the school, career outcomes, and cost. One question she asks every student first: is there any part of the country you don’t want to live in? It narrows the map fast.

Why Grades and Test Scores Are No Longer Enough

Admissions has shifted to what Sari calls a “holistic admissions review.” GPA and scores still matter, but essays, leadership, volunteering, jobs, and what a student adds to a campus now carry real weight. Her advice for the essay: tell the story you’d tell a friend, and ask whether it would hold their interest. One Michigan-specific wrinkle: at the University of Michigan, you apply to a specific college within the university, each with its own acceptance rate.

Don’t Let the Sticker Price Decide

Sari has made the money mistake in both directions. Years after that scholarship letter, when her son was looking at Harvard, the family assumed it was out of reach. It turned out to be cheaper for him than Boise State, because heavily endowed schools set generous income thresholds for aid. Don’t rule a school out until you apply and see the actual package, since grants and scholarships aren’t in the sticker price. Then do the four-year math, look past the first year’s number, and ask what a manageable loan looks like at the end. Every family files the FAFSA in the fall of senior year, but the search shouldn’t stop there: the school’s own scholarships, the department’s, your state’s, your employer’s.

A Four-Year High School Action Plan

Ninth grade is about GPA and getting involved. Tenth is course rigor, honors classes, and early leadership. Junior year is where it gets real: take the ACT and SAT early to see which suits you, start campus visits, and build a list of about 20 schools, narrowing to 10 with five visits. Senior year, the Common App opens in early August, and the essay prompts come out in the summer, so students can write before school starts. For a student with a rough freshman or sophomore year, she’s encouraging: summer school, online courses, and a strong junior and senior year can change the story. Her oldest went from a 3.0 in middle school to West Point.

The Paths Beyond a Four-Year Degree

Not every student should go straight to a four-year school, and Sari says so plainly. Community college is affordable, flexible, and transferable. Trade schools lead to in-demand careers. Military academies offer a fully funded education to strong students interested in serving. One of her students, pushed toward college by his parents, told her he wanted to be a welder. They found him a great welding school. “There’s not a single right path,” she says.

Where College Fits in Your Family’s Financial Plan

For most families, paying for college is one of the biggest financial decisions they’ll make before retirement, and it rarely falls on the parents alone. Grandparents want to help. Parents want to know what they can afford without shortchanging their own future. At GEM, we work with wealth builders in their peak earning years and multi-generational families on these exact questions, so decisions about 529 contributions, gifting, and cash flow are made inside a financial plan, not in the week an acceptance letter arrives.

If your family has a student approaching high school, we’d welcome the chance to talk it through. Start the conversation with the GEM Asset Management team.

Steve Alexandrowski (00:01)
Good evening and welcome to GEM Asset Management’s Getting Into College Made Easy webinar. It’s our privilege tonight to have

Sari Trompke with us to discuss strategies that you may or may not know for helping your student or you get into college. So welcome, Sari. Can you tell us a little bit about

Sari Trompke (00:21)
Thank you so much.

Steve Alexandrowski (00:21)
yourself and what brought you into this world of college planning?

Sari Trompke (00:25)
Sure. Actually, it was by a mistake over twenty years ago helping my daughter get into college. She got an incredible debate scholarship of ten thousand dollars and we were so happy for her, and we were like, sign on the dotted line to get her into college and then when we got the financial letter it said that we still had eighteen thousand dollars of tuition to pay for and

That $10,000 did not seem so much. And she went there just for the semester because we realized $18,000 in tuition plus room and board, it was going to be $80,000 by the time she graduated, even with that ten thousand dollar scholarship. So it made me realize I need to be better equipped to understand the college process because I have three other students. So that’s why it started.

I wanted to make sure I knew what I needed to know to help my students, my own children, get into college. And from there, word of mouth and people at our school and it slowly grew. And that’s kind of how I started by a mistake.

Steve Alexandrowski (01:42)
All right.

So you’ve now guided hundreds of students, including your own children as you mentioned. What

Sari Trompke (01:48)
Yes.

Steve Alexandrowski (01:48)
surprises families most when they go through this process for the first time?

Sari Trompke (01:55)
I think what surprises them the most, quite frankly, is there are more options and opportunities than they knew of. A lot of times it’s very comfortable for us to pick a college in our neighborhood, in our state, or even our region. But sometimes the best fit isn’t where you live or what schools your brothers and sisters went to or your parents. Sometimes it’s a completely different thing. And I think people really don’t understand that and

look beyond what they’re comfortable with, what their friends are going to. So I think that surprises a lot of people. And I think also sometimes schools are more competitive than they expect. And I think there are those expectations that get built up that I’m going to go to school here and maybe it isn’t the right fit for them. So I think that’s what surprises them the most.

Steve Alexandrowski (02:50)
Alright, so many parents in this audience went to college when a good GPA and decent test scores were enough. What’s the biggest thing that’s changed since maybe we applied for college?

Sari Trompke (03:03)
Well,

and I’ll go more into that further in the presentation, but I think what surprises a lot of people it is more of a holistic approach to admissions now. In other words, it’s not just your GPA or your ACT or SAT scores. There are intangible things that go along with admissions, and I think that is a little bit more challenging for some students. It’s very easy to have maybe a GPA

in mind or an ACT or SAT score to shoot for, but it’s the other things that make you more desirable to a college. And colleges are looking more for diversity, and I’m not just talking about where you live or who you are, a diversity and what people do, what are they interested in? For example, one of my sons went to Harvard, and I’m from Idaho, and so Harvard really

likes to say that they have students from all over the country in every state. Well, Idaho is smaller and has a smaller demographic, so he probably fit the bill better than maybe other students did. And that helped him with the process. But that’s something that I think people need to be aware of is that there are other things and intangibles that you need to try to figure out before you start applying for college and prepare for that.

Steve Alexandrowski (04:33)
Maybe one more question before you jump into the presentation. So

Sari Trompke (04:36)
Sure, sure.

Steve Alexandrowski (04:38)
many kids seem to have a dream school and maybe it’s based on an athletic team or an unrealistic

Sari Trompke (04:44)
Mm-hmm.

Steve Alexandrowski (04:44)
version of what college may be. So how do you coach

Sari Trompke (04:46)
Absolutely.

Steve Alexandrowski (04:48)
kids or families to look beyond that?

Sari Trompke (04:52)
That’s a really great question. And I actually had one of those students in my family. he wanted to go to Virginia Tech since he was in sixth grade, could not tell you why. We’re in Idaho. Why Virginia Tech, I really do not know. He had his heart set on it. He was a swimmer, wanted to do that. Ended up going to Virginia Tech, loved it, but they did not have a great program. And he actually ended up at Michigan State because they had an amazing hospitality management program.

What I tell people is it’s great to have a goal, it’s great to have a top school, but don’t just exclude all the other schools because a lot of times they could disappoint you. One when you go there, they may not have the degree that you want, and it may not be the experience that you want. And so it’s important if you have a dream school, one to go there, to visit it, to have a campus visit, but also look what are the expectations.

to get into that school. Dealing with University of Michigan a lot with my students that are in Michigan, not all students can qualify academically. And so I think it’s important to be realistic about those expectations of those schools and to make sure you’re a fit for that because it won’t be fun if you go to a school that’s too hard for you or isn’t what you thought it was going to be.

Steve Alexandrowski (06:20)
Agreed. So maybe now is a good time to jump into your slides.

Sari Trompke (06:22)
Sure.

Absolutely. All right. Well, first of all, I’m really excited to do this today. This is one of my favorite things to talk about: the educational planning process for students. Not only do I want to talk about that today, more importantly, I want to be able to give students and parents a little more confidence in the process, a little bit more knowledge because I know the admissions process is a little intimidating and daunting with deadlines and tuition and

All of the things that come along with it. So hopefully I can give some information, maybe to make it less stressful.

So you gave a little introduction of myself, who I am, but some of the students that I’ve worked with have gone to schools like Harvard, MIT, Princeton, West Point, Air Force Academy, Duke, NYU, Johns Hopkins, just to name a few. I always like to tell students though, even though I’m giving you these really great named schools, I work

with students all over the educational spectrum. These schools obviously are the upper-end and upper-tiered schools, but that isn’t for everybody, and not everyone would fit into those types of schools, either academically or otherwise. So it’s important for you to be able to see a fit. I have kids that I work with that have gone to trade school, so I just want to make sure that I’m clear so that people don’t tune out if they’re thinking they don’t have the grades to get into these schools.

These are just, I guess, main schools. As you mentioned, I have over 20 years of experience. I did write a book, Getting Into College Made Easy. And the reason I did that is because when I would sit down with a student or I would talk at a presentation or do webinars like this, it didn’t give me the time that I needed to give all the information to help students and parents with the process. So one of my

boys, he had recommended I write a book, and I went ahead and did that, which has really been great for me to give that to students and parents to help them with the process. So today, some of the things that we’re going to talk about, we’re going to talk about admissions landscape, and what I mean by that is different trends that have started and continue down the road. Some why planning early is very important.

leads to high school preparation, making sure you start from day one of your high school career to prepare for it. How are you going to pay for it? Understanding that, not making the same mistake I did. And also looking at some other options. College isn’t for everyone. There are trade schools, there’s military academies, looking for different fits for you that are the best.

Why is college planning so important? People ask me that all the time. Well, my question is always what does graduating college lead to? What is the important thing that you are going to school for? And I make sure that people understand it’s not just going to college. It is what is going to happen to you after college. Our hope is that you get a good career, job opportunity.

networking, money, financial security, but I want students to have options. It’s really hard when I meet a junior or a senior who doesn’t have a great GPA, doesn’t have a lot of, I guess, things on their resumes from high school.

They don’t have as many options as if you had a great GPA, you were involved in school, and you had a lot of things out there. So that’s an important part of the process. But just some interesting statistics. The Common Application is what most schools accept, and it’s really great because it’s a one-stop shopping. You usually apply in early August of your senior year, and you will apply to all the colleges that you’re interested in.

Those colleges will have other essays or other things that you have to do, but it’s really nice because you can add your transcripts, you can add your extracurriculars, etc., on one application, and that’s sent to all the schools. So in 2026, there were 1.2 million common applications. Just to give you an idea, in 2020 there were about 960,000 applications, so it’s about a 25%

increase. Less than 10% are accepted at top colleges, and those are those upper tiered. There’s a 30% U.S. college dropout rate. And 60% of Michigan graduates from high school are enrolling in college. So the key takeaway is getting into college is only half of it. It’s making sure you have the right fit, making sure that this is the school that is best for you, and again, having options.

Options, because Steve, you pointed out at the beginning maybe your top school isn’t the one you’re supposed to go to and sometimes you don’t get into your top school and so having options and having other schools that fit that will

So there is definitely a shifting change, and you had touched upon that, Steve, with that: that it isn’t just about ACTs, SATs, GPAs. They’re not a guaranteed entry into that. There’s other things that you need to be doing, extracurricular activities.

There are more students applying to colleges now, and it’s driving acceptance rates down to historical lows at really good universities. And as I mentioned, there is a holistic admissions review. I always tell students when they’re doing their essays, try to think if you were talking to someone and telling them a story, is that story going to be interesting to them? And that’s what we’re looking for is not just your courses.

It’s your essays. It’s where are you picking leadership roles? What are you doing volunteering? Do you have a job? So you never rely solely, as we talked about on one dream school. Because I don’t believe in that. This isn’t like a soulmate type of a thing. I think students can do very well at several schools. They just have to find the school that’s best for them and create a balance. I mentioned my youngest son that went to Michigan State, the one that was above.

Kim went to Harvard and he could have probably had a pick of a dozen upper-tiered schools. He was the kid that didn’t have to study for a test and always got an A. My youngest son did not have that luxury. When he was swimming and being recruited, Cornell was the school that was most interested in him. He knew that that would have been a disaster with the schedule that he had for swimming, with the academic expectation that he would never have done well there.

Two different kids, same home, just different experience. He also wanted that big football experience that he got at Michigan State. And so again, it’s finding out what are the things that are best suited for your student. But there is not just one school that fits that bill. There’s the one that you end up doing. But I think people need to make sure that they’re open to looking at several options.

and defining that right fit. As I mentioned with my son, the academic rigor of that school. What type of support are they going to get and are they going to be able to handle that? We knew that with my son with swimming two times a day that he had to be in a situation where he was going to be supported academically. And it really worked out well for him. He was an All-American and it ended up awesome with that and all academic and he did great.

Making sure that your financial, I guess, budget, so to speak, is there, but also don’t just look at the net price when you’re figuring it out. Wait until you apply because there are grants and scholarships that are not in the sticker price at the end. So don’t get freaked out by that. I always tell students don’t just wait until the end. you want to have an idea that this will be maybe higher, but don’t rule

it out because of that. Personal, what are the things that you want to do? How about campus size? Do you want a big school? Do you want a small school? Big football experience, great basketball team. Maybe you’re involved in dance and you want to be at a school that has that. Having a place that aligns with what you want. Do you want it in a big city? Do you want it in a small suburb? Those are the things to look at. Even

demographically, one of the first questions I ask students, is there any part of the country that you don’t want to be at? It’s a lot easier to do that than to say, tell me where you want to go to school, because most of the time they don’t know. So if you start with I don’t want to go to school in the South, then that narrows out half the country. So those are the things to look at when you’re starting to look for the right fit.

Also, career paths. Does the school offer internships? Do they have a great alumni network? How about employment success rate? Because again, the goal for you at college is going to be to get a job. So we want to make sure you’re in the right situation for success for that. Also, what is the graduation rate at the school? Do they retain students and having a manageable loan at the end of it?

I always tell people to not just look at that first year. For example, $18,000 doesn’t sound like a lot when my daughter was going to school there, but then when you start calculating that out four times, that is a lot. And especially 20 years ago. So making sure you have that. I know a friend of mine, her daughter is 45 now and she just paid off her student loan of $92,000. So there are people out there that don’t necessarily think about that.

So it’s important, unless you’re going to be a doctor or a lawyer, to look at what is the financial responsibility going to be at the end.

So, since we’re talking mostly to Michigan, we’re going to give you a little state of Michigan knowledge here. So, as I mentioned, 60% of Michigan students attend college. The average is 62%, so that’s great. Completion rate, though, of college is 57%. And that’s always the part that makes me always a little nervous. That means that what? There’s 43% of the students don’t finish. In my mind, I think of the waste of money.

And time, and maybe that student didn’t look at what school was best for me. And also maybe not every student is going to go to college, and that’s something they have to look at and decide: is this the best plan for me? Remember, getting accepted is only one step. It’s important for the student to be at a school that they like, they feel good at, that has the career opportunities for them to go forward. So that’s a very important

distinction. So we’ll dive into both the two big schools in Michigan. For University of Michigan, they have generally almost a perfect GPA to get you into that school with a very competitive ACT score or SAT. I don’t have to tell you how incredible University of Michigan is. Their admissions rate is 16%. One of the things that a lot of people don’t know

about the University of Michigan, they do things a little different, and there’s maybe a handful of schools across the country that do it this way, but they have 10 colleges within the University of Michigan, and you have to apply to the college within the college. So you can’t just go right into the school and decide later. For example, if you apply, they attend schools, so maybe you go to engineering or the College of Pharmacy. The Ross School of Business

at University of Michigan has a 9% acceptance rate. That is the hardest one to get into. And then the easiest within the school is College of Literature, Science, and the Arts, 18%. And again, other schools have varying acceptance rates, but I wanted to point out both ends of the spectrum: the one that is most competitive and the one that isn’t as competitive. So you can see University of Michigan has become more

and it is very competitive to get into. So it’s important. Michigan State, much easier to get into. 84% admission rate. It is top public, 29% for top public and 64% overall. And you can see though that the average GPA is 3.72 and higher, which is pretty good, though. I mean, that is a really good GPA. So it is still competitive in that respect.

They do have the expectation you’re going to have that. One of the interesting facts about them is they have some really great top programs, though. Really great in agriculture, supply chain, as I mentioned, hospitality management. They are considered some of the top in the country. And I’ll point that out: anytime you’re looking at a school, even though it ranks 64, and you may look at that and think, well, that’s not a great school, but their hospitality management, for example,

is number one or two depending on the year, that’s going to matter. In Idaho, Boise State, not necessarily a high ranking, but they are in the top for engineering because we have Micron in our backyard. So it’s always important to look at it. It’s not just the school, it’s the program within the school, and that’s an important distinction. Another interesting fact, this surprised me when I was researching it, that University of Michigan tuition, again,

and not room and board, just tuition was a little over 18,000, while Michigan State was 17,300. Not a big difference. I guess I would have thought because University of Michigan is much better school, academically, at least with the expectations, that it would be comparable. But it isn’t. Again, that doesn’t play into what scholarships or grants you’re gonna get, but just the little FYI there.

So, what factors can hold students back from reaching the best college that they can attend? This is for those students who are in high school. What are the things I guess that limit their options? First of all, there’s a lack of direction. They don’t have a roadmap in high school to determine where or what they’re going to do. They just kind of go along. Not having a plan, not setting goals each year. What am I going to get GPA wise? What clubs am I going to look at?

Sports, etc. Also, not knowing how the process works or financial aid, I say that because I was one of those when we were starting to look at Harvard, we were like, there’s no way we can afford Harvard. But if you make a hundred thousand dollars, and this is right now, I don’t know what it was then. If you make a hundred thousand dollars a year or less, you get everything free. That’s room and board and tuition. If you make two hundred thousand or less you get tuition free and then they look at the finances that you do have to cover the rest. People don’t know that. For example, my son, when he went there, it was actually cheaper for him to go to Harvard than it was to Boise State because they have a huge endowment. Who would have known that? Those are the things that you should look at is looking at the schools for the financial aid that they offer, the thresholds, those kind of things. So again, financial assumptions, assuming that it is unaffordable without checking what they offer.

Sure, sure, sure.

Steve Alexandrowski (23:23)
I’m gonna cut in for a question here, if I could.

So especially under lack of direction, if a family is listening tonight and their student or if the student’s listening may have had a rough freshman or sophomore year, what

Sari Trompke (23:37)
Mm-hmm.

Steve Alexandrowski (23:37)
can they do to repair that? Or should they even consider repairing?

Sari Trompke (23:42)
And that’s a great question. I do go over that a little bit further down in the presentation. But the thing that I will tell you is that summer school is awesome. Online courses to make up for it. I had that with one of my students, actually didn’t do well in math, did not click with the teacher, got tutoring, but was a little late, retook the course, got an A in it, and it just shot his GPA right up. So summer

school classes online, that’s really great. Also, a lot of schools do look at that if you’re doing well your junior and senior year, that can make up for it as well. So those are some things you can do further on in the process. So yeah.

And I would tell you that a lot of times there are missed opportunities though. I tell students, if I can, the freshman year to look at your high school sports and clubs and leadership opportunities. What are things that you can do to make you a better candidate for schools? I think honestly, though, a lot of kids are afraid. They’re going where their students, their friends go to, they don’t know other people in other states. It’s a little scary, and so sometimes they go where it’s known, they go where it feels comfortable. So there is that.

So looking at college tuition, that’s another thing that I think is an interesting thought for everyone. If you look at, for example, Harvard, 20 years ago, the tuition was a little over 28,000. Now it’s 59,000, it’s a 106% increase. University of Michigan was 9.7, and now it’s 18.3, that’s an 89% increase.

Sometimes people think, well, that’s due to inflation. If you look at it, 66% inflation, so it’s outpaced that. And the reason I point this out is because going to college has become more competitive and there are more people applying, the colleges can charge more. So it’s just something for everyone to be aware of that the financial expectations, it’s not getting easier and it’s not getting better.

So you do have to look for, I guess, the best bang for your buck education price and what you’re going to be paying financially. So

Financial aid. There is two hundred and seventy-five billion dollars offered in financial aid. And just so you know, the FAFSA, which you’ll see below there, is the financial aid form that you fill out. Everyone has to fill that out no matter what school you go to. That enables you to qualify for scholarships, for financial aid, for grants. And you do fill that out usually the fall in

your senior year. So you have an opportunity for 275 billion, not the actual full amount, but part of that. And just to be aware, there’s 4.4 billion in unawarded federal grants annually.

And 95% of parents expect to pay 50% of the costs. So those are some things to think about. There are great places to look for financial aid again through FAFSA, but if you look at the schools themselves, generally when you apply, it automatically enters you into the scholarships. However, not all of them do that. So you can look further and determine are there any within, let’s say, University

of Michigan, maybe the school of pharmacy where you’re applying for has other scholarships you can apply for. So it’s important for you to research that, or through your state, a club that you’re involved, your employer or your parents’ employer, and merit scholarships. So it’s important for you to look beyond what the school is offering or FAFSA.

Okay, so if we’re gonna look at University of Michigan, there’s $459 million in scholarships offered as a whole for undergraduate grants, and about 25,000 is average award per recipient. So that kind of shows you even though the beginning was $18,000 and not including room and board, a lot of people do get scholarships and do get financial aid or merit scholarship. So just make sure you don’t rule it out because of that.

So Steve, you had asked that question about if a student doesn’t start their freshman year, I’m going to first start with what to do if you are a freshman, and then we’ll talk about that a little bit later on what you do if you don’t, and more specifics. But as a freshman, it’s really important before you start to set your goals. Look at clubs to join, student council, sports, etc., etc. Having really great study habits right off the bat. I bring up my

oldest son, he was a 3.0 in middle school, and quite frankly, we thought that was just who he was. He did not like that, and he decided to reinvent himself in high school. And he ended up being a 3.7 student. He went to West Point, did have to take the SAT and ACT about 13 times to get in there, but he had a goal, he set it, and he decided he was going to push himself and challenge himself. So even if you haven’t been a good student,

You can reinvent yourself and change how things are. And this is where it matters. In high school is where it really matters. As a family, setting goals and having the expectations built together, and telling them what you think would be good and setting those goals together and helping your students come along to be able to make those goals.

So an action plan for high school, your ninth grade, you’re not really going to be looking necessarily at college. I think it intimidates kids to start thinking that much forward, but where they’re at.

Really focus on getting a great GPA. What are they interested in? What clubs and sports can they get involved in to help build their resume, but also getting them integrated into high school? 10th grade, you’re going to increase your course rigor. You’re going to start taking honors classes, maybe take on leadership roles, start kind of dabbling, research what kind of colleges are you interested in. The 11th grade, that’s where you’re going to really start. The beginning of the year.

I recommend taking an ACT and/or SAT test. The reason is some people prefer one or the other. It’s good to determine which one you did better on, which one you liked. You can start with campus visits. Pick out about 20 colleges that you’re interested in based on the criteria that we talked about, where you’re determining what type of school you want. Your 12th grade, your senior year, at the very beginning, you can start.

The Common App opens up usually in the beginning of August. You get the essay prompts in the summer, and you can actually start working on those. I have a lot of students who do that. You’re going to compare your aid packages and you’re going to get a final fit for you.

The sophomores and beyond, the course correction, I mentioned a couple of other things. All you can do is focus on where you’re at. And another thing I do recommend is maybe you do go to a state college for two years. There are students that are just late bloomers, or maybe it just clicks later or clicks in college. So it’s okay for you to do that or to do a community college and transfer over to get a reset in your academics. So

And in a lot of schools, like I mentioned, look at your 10th and 11th grade year. And if you had a couple of hiccups for whatever reason, they’ll possibly look at that, but I would not probably expect maybe the upper tiers to necessarily consider it. I think you may have to lower the bar a little bit, but you know, you never know if you take a lot of AP classes your junior and senior year, it can happen.

Okay, so building your college list, as I mentioned a little bit, deciding where you want to go to school. Initially, it’s important to pick about 20 schools, and that will be based on your size, major, what is the culture, maybe you want to do ROTC, etc., and the cost. But it’s really important to look at that. And I point out the majors offered. I had one student that I worked with.

really, really wanted to go to University of Chicago in the worst way. And he wanted to go there and he wanted to have dual majors. He wanted to have two majors. He wanted to have a business major and an engineering. And so the first thing I did was we looked it up together. They did not offer an undergraduate for engineering and business. So he had to pivot. But it would be a bummer if he had applied and then found out that he didn’t have the degree that he wanted there.

So there are a lot of things to take into consideration. So then by your junior year, you’re narrowing it down to maybe 10 and you’re taking maybe five campus visits for your top ones. I always tell students to rate them. This is your top school, go in order, and that way you know if you got accepted on your 10th school, and then you got accepted in your third school, obviously you’re not going to pick the 10th school that you have on your list.

And then of course the final one that’s the ideal fit for you in that situation, that fits your needs, that has accepted you, and works out to be the best.

I’m just going to touch upon military academies because I do definitely think for those students that are very good academically, maybe great leaders, and do have some interest or an interest in the military, these are exceptional options. $250,000 value for your education. So it’s 100% free. They pay for every single thing. And in fact, they actually pay you monthly. they give you a stipend, and it increases

each year. So they are competitive to get into, though. West Point 14%, Air Force 14%, Naval Academy, 9%, and the Coast Guard 16%, and Merchant Marine 32%. That one’s a little easier. But you do have a five-year commitment and three-year reserves, but you do leave as a second lieutenant, and it does open the doors down the road. I will tell you that. My oldest boy went to West Point and absolutely loved it.

He hated it when he was there, but loved it when he left it. It’s a great place to be from, they always say. So it’s an option for everybody to consider. Another one is if you’re good at a sport, like really good, that’s not a bad option either to look at opportunities for scholarships, and that’s a whole other ball of wax with the recruiting process and what you have to do there. So I won’t touch upon it too much, but just to give you an idea, only two percent

of high school athletes do compete in college, and even further, for those who think they’re going to be in the NFL, only two percent of those students go on to be professionals. But you can make 18 to 20,000 almost in competing in scholarships. Like I say, my younger one got 45 percent of his tuition paid for, or you can do work study programs, jobs, different things that you could be making money to help you.

offset the living expenses.

So just so you can see, the average Ivy League admittance you know about 5.6% and the expectations four percent or four on your GPA and pretty high on your SAT or ACT scores. I point this out for people to know what is expected of you if you are looking to shoot for those type of selective schools and what they expect from you. So and it is a very low admissions rate.

And again, I’m going to touch a little bit on this. I want to make sure everyone knows there are options for everybody. You can pick the traditional route of four-year university, or you can do community college. What’s great about them is they’re very affordable, very flexible. You can do online courses and you can transfer to a four-year degree, get your undergraduate

programs out of the way and pay a very low amount, and then you can, you know, go into a four-year school. The other option is trade and vocational schools. There’s a lot of really, really high-in-demand trades out there: plumbing, electrical, welding. I had a student that I worked with, whose parents were really pushing him to go to college. And after I met with him a few times, he was like, I really don’t want to go to college, I want to be a welder.

Steve Alexandrowski (38:05)
Yeah.

Sari Trompke (38:09)
So we found him a great welding school and he had a great career in welding. So there are other

Steve Alexandrowski (38:14)
Yeah.

Sari Trompke (38:15)
options for you, or even you can go find a great job. There are other things out there. This isn’t just a college

Steve Alexandrowski (38:23)
I should

Sari Trompke (38:24)
opportunity, so

there are other things.

So in conclusion, the important takeaway for families is to choose what fits you. There’s not a single right path. Everyone has their own destiny, so to speak. Because your brother and sister went there, like I said, doesn’t mean you should. Looking at what’s at the end of college, what’s

Steve Alexandrowski (38:50)
Mm-hmm.

Sari Trompke (38:52)
what is your goal, thinking beyond that and making sure you keep that goal in mind.

Steve Alexandrowski (38:57)
Right.

Sari Trompke (38:57)
So for me, I always tell the students that I work with that it’s important to dream big,

work hard, and to really shoot for the moon. So in closing, I wish everyone out there to have the best experience and hopefully the best of luck with the journey.

Steve Alexandrowski (39:17)
Well thank you, Sari. That was really, really informative. We’re gonna take a break for one second and then we’re gonna come back with questions from our audience.

Steve Alexandrowski - Founder and Partner - Headshot - GEM

Steve Alexandrowski, CFP®

Founder & Partner

Steve Alexandrowski, CFP® is a founding Partner at GEM Asset Management in Plymouth, MI, helping successful families make sense of wealth, legacy, and life’s most important financial decisions.

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