Posts Tagged ‘expected family contribution’

Insider tips for the week of July 8, 2019

How to explain student loans and debt to your child – The idea of debt is often unfathomable to a teenager because they’ve likely never dealt with large sums of money and repayment happens in the unknown of the future, (which of course will turn out great). Road2College shares practical tips for how to help…

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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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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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Need-to-know education changes in tax bill

The new tax bill will affect numerous areas of education funding and college planning. After numerous versions and last-minute changes, here is a summary of what did (and didn’t) happen:   College tuition benefits – Originally targeted to be taxed, tuition benefits for grad students or children and spouses of employees remain tax-exempt.   529 plans -…

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