Paying for College

Insider tips for the week of June 17, 2019

How to help your teen be college-ready – Being admitted to college doesn’t mean a student is ready for it. Check out this important read from the New York Times, which explains how parents can encourage kids to step up their levels of personal responsibility while still in high school. 5 people worth talking to…

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4 guidelines for taking on student loan debt

Identify the average starting salary for the field the student is planning to go into, and the family should not have any more than that number in total education loans. Considering a school that would leave you with $35,000 debt for an undergraduate electrical engineering degree? That would pass the test for an acceptable amount…

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Insider tips for the week of April 1, 2019

How to help your teen be college-ready – Being admitted to college doesn’t mean a student is ready for it. Check out this important read from the New York Times, which explains how parents can encourage kids to step up their levels of personal responsibility while still in high school. Top 5 mistakes in making…

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Beware – Retirement savings rollover issue on FAFSA

There is a FAFSA issue that has been tripping up families with qualified retirement savings rollovers that can result in wildly inflated EFC’s (expected family contributions), thus reducing the amount of financial aid they qualify for. Retirement savings moved from one qualified retirement plan to another qualified plan should not be reported as untaxed income…

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Why is my EFC going up?

Talk about a double whammy! Despite the rising cost of college, families are at the same time seeing an increase in their EFC (expected family contribution), which is what they are expected to contribute before any financial aid kicks in. In other words, a family with the exact same income and assets today as one…

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Insider tips for the week of Nov. 26, 2018

5 tips to pay less for college – A great read worth a couple minutes from Jeanmarie Keller. I especially like #4 – build your list of colleges based on your situation and the college’s financial aid policies. Just because you need financial aid doesn’t mean the college has to give it to you.  …

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Top strategies to help grandchildren with college

With the holiday season approaching, there is a terrific way grandparents may want to consider spoiling their grandchildren. Today’s retirees have accumulated wealth at unprecedented levels and combined with the rising cost of college, many now are taking advantage of an opportunity to provide a legacy of education to their grandchildren. However, without understanding the proper…

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Tips on the 6 trickiest FAFSA questions

The FAFSA is a quintessential government form, meaning it isn’t always as easy to understand as it should be. And with over 100 questions to navigate, far too many families make mistakes that are unnecessarily costing them money. Money Magazine compiled the following tips on how to tackle the 6 trickiest questions:   Questions 24…

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