The Princeton Review Has Released 2020 Edition of Its Annually Updated Guide "Paying for College: Everything You Need to Maximize Financial Aid and Afford College"


NEW YORK, September 24, 2019 /—  The Princeton Review ®, known for its many services and resources that help students research, apply to, and gain admission to college, today released the 28th edition of its annually updated book on how to get the most-possible financial aid for college.

Paying for College : Everything You Need to Maximize Financial Aid and Afford College , first published in 1992, is now out in its 2020 edition (Penguin Random House / The Princeton Review, September 24, 2019, $22.99). Authored by Kalman A. Chany with Geoff Martz, the book has won praise from reviewers and reporters alike for its strategic and practical advice for all who are facing the high cost of higher education.

For millions of students and their parents, college costs are truly sobering. According to the College Board's 2018 Trends in College Pricing Report, the average sticker price (tuition, fees, room and board) for one year at public four-year colleges in 2018–19 was $21,370 (for in-state students)—a 2.9% increase over the previous year. At private four-year colleges, the average was $48,510—a 3.3% increase. More than 70 colleges now have a sticker price of $60,000 (or more).

As college costs have soared, so has the need for assistance to pay for college. Among college applicants and parents The Princeton Review surveyed this year for the company's annual College Hopes and Worries Survey, 88% of the 11,900 respondents said financial aid would be "very necessary" to pay for college, and 64% of that cohort said "extremely necessary."

Most students and parents, however, know little about how financial aid need is determined, how the aid is awarded and how to maximize their eligibility for aid. Paying for College addresses this knowledge gap. It is the only annually updated financial aid guide that explains how the aid process works and provides line-by-line guidance for completing the most important aid application forms to one's best advantage. These include the upcoming year's FAFSA ® (Free Application for Federal Student Aid), a highly detailed form with more than 100 questions that all aid applicants must submit, and the College Board’s CSS Profile™, an even more complex form that hundreds of selective schools require in addition to the FAFSA ®. Paying for College also has advice on completing institutional aid forms, applying for education loans, and planning long-term for college costs.

The book's primary author, Kalman Chany, is one of the country's leading experts on college funding. An independent financial aid consultant for more than 30 years, he has helped thousands of parents cut tens of thousands of dollars off the cost of their child's college education (and for some clients with more than one child in college, his guidance has helped them save even more in college costs). Chany applies strategic planning techniques, traditionally used by tax accountants, to the world of financial aid. He urges parents to become educated consumers and to remember that “the relationship between a parent and the college financial aid office is akin to that between a taxpayer and the IRS.” His recommendations—all legal—take into account year-to-year changes in the formulas and forms used to determine aid awards.

The 2020 edition of Paying for College provides:

  • Worksheets to calculate one’s “Expected Family Contribution.” These enable families to get an advance estimate on what the colleges will expect them to ante up. Chany points out specific, legal ways to lower that figure and boost aid eligibility.
  • Line-by-line strategies for completing the 2020–2021 FAFSA (plus a sample copy of the form), and the CSS Profile applications to best advantage.
  • Sample copies of the federal (student) Direct Loan and the parent PLUS loan Master Promissory Notes
  • Updates on education tax breaks and financial aid legislation. Chany explains the pros and cons of 529 plans (plus other funding options and tax breaks) and how they affect aid eligibility.

Chany also offers guidance on:

  • What parents and students should—and shouldn’t—do to get the most aid
  • What single, separated, or divorced parents need to know about aid eligibility
  • How to appeal for more aid if the college’s initial offer isn’t enough
  • How to find the best education loans and handle repayment issues 

Paying for College (previously titled Paying for College Without Going Broke ), is one of 150+ books developed by The Princeton Review and published by Penguin Random House. Other books in the line include: The Best 385 Colleges, College Admission 101, Colleges That Create Futures, and The K&W Guide to Colleges for Students with Learning Differences, plus guides to the SAT ®, ACT ®, and other tests.


Reviewers' Praise for Paying for College

"Can save thousands in college bills." —John Wasik, Forbes contributor

"Get this book, and don't just read it—study it. The steps Chany suggests…truly do work." —Gail Marks Jarvis, Reuters Personal Finance Reporter

About Kalman A. Chany

Kalman A. Chany is the founder and president of Campus Consultants Inc., a Manhattan-based firm that has guided parents and students through the financial aid process since 1984. He has guested on ABC’s “Good Morning America” and "World News Tonight," CBS’s "Evening News," NBC’s "Nightly News," and NPR's "Talk of the Nation." He has also been sourced in publications from Money to The Wall Street Journal .

About The Princeton Review

The Princeton Review is a leading tutoring, test prep, and college admission services company. Every year, it helps millions of college-bound and graduate school–bound students achieve their education and career goals through online and in-person courses delivered by a network of more than 4,000 teachers and tutors, online resources, and its more than 150 print and digital books published by Penguin Random House. Its  Tutor.com  brand is the largest online tutoring service in the U.S. It comprises a community of thousands of tutors who have delivered more than 17.5 million one-to-one tutoring sessions. The Princeton Review is headquartered in New York, NY. The Princeton Review is not affiliated with Princeton University. For more information, visit  PrincetonReview.com . Follow the company on Twitter  @ThePrincetonRev and Instagram @theprincetonreview

SAT ® is a trademark registered and owned by the College Board, and CSS Profile is a trademark owned by the College Board which is not affiliated with and does not endorse this product. FAFSA ® is a registered trademark of the U.S. Department of Education.  ACT ® is a registered trademark of ACT, Inc.

Paying for College : Everything You Need to Maximize Financial Aid and Afford College
by Kalman A. Chany with Geoff Martz
Penguin Random House / The Princeton Review
2020 Edition • On Sale Date Sept. 24, 2019 • $22.99 (Canada $29.99) • 352 pages • ISBN 978-0-525-56879-7
Kindle Edition $22.99 available Nov. 12, 2019

Contact: Jeanne Krier, Publicist for The Princeton Review, 212-539-1350, pressoffice@review.com

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