PSAT Score Countdown

Students around the country will receive their Preliminary Scholastic Aptitude Test (PSAT)® scores in the next few weeks.  When I took the PSAT, in the days when dinosaurs (along with Ronald Reagan, Michael Jackson, and Magnum, P.I.) ruled the earth, a college-bound student’s world was different:

  • We only took the test once–in 11th grade, as part of the National Merit Scholarship competition.
  • We took it on Saturday.
  • There was no direct preparation in school.

Today, high schools often offer the test for 9th, 10th, and 11th grade students.  Freshmen and sophomores take the PSAT to help them prepare for their junior year attempt, which is still the score that counts for National Merit consideration.  In many cases, high schools actually pay for all of their students in certain grades to take the test, and it has become common to offer the test during weekday school hours and to align some instruction with the form and content of the test.

A Great Investment.  As an educator and as a dad, my advice is for students to take the test all 3 years, if possible.  In exchange for a relatively small fee (currently $15, although schools are permitted to add a small additional fee to cover administration costs if they choose), and a few hours of their time, kids receive great value:

  • Scores that predict their current readiness for the Scholastic Aptitiude Test (SAT)®
  • Some of the most detailed feedback offered through any standardized test, as they receive their original test booklets along with score sheets listing their answers & the correct answers
  • The opportunity to receive advertising and recruitment mail from dozens of colleges based upon test performance & geography

In addition, after taking the PSAT in October of their junior year, students with the highest scores in each state are notified that they have qualified as National Merit ‘Commended,’ ‘Semi-finalist,’ or ‘Finalist.’

Like any standardized test, the PSAT has its own ‘scaled’ scores.  These scores offer predictions of the student’s performance on the SAT.  But I encourage students to focus on percentile scores to evaluate their strengths and areas for growth.  Percentiles are much easier for most students to visualize, and they simplify comparisons between completely different types of test.

Junior Moments.  Our 16 year old daughter took the test in 10th grade and again this year as a junior–her school does not offer a 9th grade administration.  I learned long ago that when she sinks her teeth into a project my best option may be to stay out of her way.  So over the last 2 summers she has spent time working through an old PSAT prep book from my classroom teaching days–her choice, because she wanted to take her absolute best shot at her 11th grade PSAT.  In another couple of weeks she, and over a million other students, will find out just how well she did.

Note:  DadKnowsBetter received no compensation of any kind related to this post.  The opinions expressed here are my own.

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Filed under College, School

The Unexpected Refinance

Eight years ago we thought we were done with refinancing forever after we moved from a 30 year to a 15 year mortgage at a then-competitive rate.  As the months passed by and the loan balance started to fall faster and faster, I looked forward to the days when most of one bi-weekly paycheck per month would not be reserved for the mortgage payment.

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Over half-way through the 15 years, I was still committed to staying the course to pay off that loan in 2019.  But the plan has changed.  After listening to hundreds of radio ads over the last year or so about “historically low” interest rates, I decided I should at least look into the options.  I tend to be skeptical about advertising claims related to anything financial, so I was surprised when it turned out the lenders in those ads were not kidding.  A lot of internet research and a little pocket calculator time quickly showed me that we would actually LOSE money by paying off our 2004 loan over the next 6+ years.

Instead, by locking in a new rate that is less than half of our 2004 rate,we will save money over the long haul by re-starting the 15 year clock, even if we let the new loan run its full course through 2027.  If we pay down the principal to shorten the 15 years, so much the better.  Either way, we free up almost 1/3 of our old mortgage payment each month.

The highlights:

  • After looking into a variety of lenders, we found a great rate at our local credit union, my primary bank since I joined during my firstyear teaching.
  • Despite the fact that my wife is now self-employed, working from home, the application process was simpler and smoother than any of our previous mortgage experiences.
  • After just over 6 weeks, we were able to go to settlement–except we did not ‘go’ anywhere.
  • Our new lender recommended a title company that came to us.  No bank or lawyer’s office–we settled at our own kitchen table.

A single snag:

  • Because of Hurricane Sandy, which hit after our original appraisal in October, we had to pay a little extra for a follow-up ‘exterior-only’ inspection after the storm.  We probably could have talked them out of the $100 fee, but–at the risk of sounding naive–it seemed petty in light of what the hurricane cost so many other families, and life is too short to battle over everything.

How does this all fit into a “Dad Blog?”  Now that we have refinanced, we have more options.  Having a lower monthly payment frees up a notable amount of cash for family activities and school expenses–soon to include college tuition, room & board, textbooks….and the list goes on.  And over the long run we will be able to save thousands of dollars in interest compared to the path we were on just 2 months ago.

I have NO qualfications as a financial adviser, but I would encourage anyone to do a little research while the rates are still so low.  What you find may be…unexpected.

Note:  DadKnowsBetter has not received any compensation of any kind, including (unfortunately) waiver of the post-hurricane home inspection, related to writing this post.

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Filed under Living Well, Money

High School Dances–It’s not 1984 Anymore

With apologies to the immortal Wang Chung, a few things have changed since those Dance Hall Days.  Not that I’m naive enough to confuse the 1980s with the days of Jane Austen, but the world of teens has changed–both for better and for worse.

Let’s Dance.  In my high school daughters’ world, homecoming dances are no longer primarily “date” activities.  Even upperclassmen often go to the annual dance with a group of friends.  These groups, usually including more girls than boys, gather beforehand for a pot-luck dinner at someone’s house (skipping the expense of the traditional dinner out) and for pictures as a herd instead of for portraits as pairs, and it seems the kids who are heading to the dance with dates are almost the exception rather than the rule.

Maybe that is a healthy change.  Once upon a time, a couple breaking up probably meant at least one of the two stayed home from the dance.  But my daughters and most of their friends are rejecting the two-by-two conditioning that used to be the norm in schools, opting instead for more independence–and, more importantly, for more efficacy.  No need to put on their red shoes and dance the blues.  They are already learning that their options in life are not dependent upon whether they have (or even want to have) a date, boyfriend, husband, etc.  I also choose to believe that girls arriving and leaving as a group are likely to look out for one another.  Anything that helps kids stay safe is an upgrade.  Feel free to insert your own Safety Dance joke here–no hats required.

As I do from time to time, I questioned my 16 year old daughter’s choice in shoes:  5 inch heels.  I reminded her that manufacturers would make more comfortable shoes for women if women refused to buy into the style of high-heels and pointed toes and insisted on comfortable designs.  She agreed, but style outweighs comfort in her world.  She also explained that as soon as they arrive at the dance the girls check their shoes anyway.  They may be voluntary victims of style, but these girls understand that dancing in heels is crazy.  When it’s time to get Footloose, they get shoe-loose.

Dress code is another issue.  After her first two months as a Catholic school student, my younger daughter came in from her freshman homecoming with word that the nuns had “shawled” girls whose dresses were too revealing.  An overly self-revealing young lady would have two choices:  add coverage with the shawl, or exit the event.  As a dad and as an educator I thought this was a terrific idea.  Being Pretty in Pink is a fine goal, but–regardless of whether the student or her parents share the school’s standards of decency–a dance is a school event and should not be confused with a club or bar.  Dresses that are loose enough and that cover enough are a reasonable expectation in order for a young lady to have the privilege of attending the dance; and similar criteria must apply to young men.  Dress codes are about R-E-S-P-E-C-T:  for self, for others, and for setting.  My older daughter’s public high school has a somewhat looser dress code, but she knows she still needs to meet her parents’ higher expectations.  We give her free reign to buy whatever dress she wants–usually online–but with the caveat that we hold the final say on whether she gets to leave the house wearing it once we see her in it; so far she has shown consistently good judgment, if anything leaning slightly more conservatively than we would have accepted.  I want all of my kids to have clean, safe fun, as well as to understand that how someone dresses often affects how others treat him or her.

Dirty Dancing.  Peer groups, shoes, and clothing are not nearly so contraversial, however, as the actual conduct at a dance.  Much has been written over the last few years about the physical types of dancing teens are engaging in at school events.  A quick search of Youtube or Google will reveal troubling videos of girls–someone’s daughters-bent forward, and boys–even a series of boys taking turns–grinding against them from behind.  Many schools have instituted explicit “face to face and leave some space” policies to deter this.

Regardless of school policy, my guiding wisdom (or fascist directive, depending upon your point of view) for my kids remains the same as always:  Don’t You Forget About Me.  Assume I’m walking in.  If you’re comfortable with me seeing what you and your friends are doing at the moment if I happen to walk in–and I just might–then all is well.  Now, if only more parents would take a similar stance….As Corey Hart once told my generation, we can Never Surrender.

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Filed under Activities & Sports, Safety, School