6 Questions You Need to Ask on Your Next College Tour

Chirping birds, beautiful old buildings covered in ivy, large century trees and an eager student chatting and walking backward. This is what many of us experience during our kid’s college tours. I’ve been on many, many tours during the searches for my kids and in addition to the painted picture here, I noticed one other…

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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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3 ways families can lose financial aid

lose financial aid pockets out

As if it isn’t hard enough to finance college, many families overlook the strings attached to maintain and not lose the financial aid they received freshman year. It’s easy to see how this happens. Families are grateful for any financial aid they get and simply assume it will be the same every year. But there…

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Free college for low-income Minnesota students

Gordon Severson KARE 11 TV

College Inside Track was featured on KARE 11 TV discussing the new Minnesota law that will make college free for low-income students. In the KARE 11 interview, CIT’s Chris Wills said around half of U.S. states have similar programs, some of which cover all state colleges and universities, and others only cover community colleges.  …

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4 mistakes families make that increase the cost of college

While the rising cost is certainly a factor, it is often the decisions that families themselves make that cause them to unnecessarily pay more for college than they should (and potentially increase student debt). As hard as it might be, there are instances where a family needs to recognize a college-related decision will cost them…

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3 things to consider before making your college decision

  May 1 is National College Decision Day, the deadline for students to make deposits to attend the college of their choice. But before you send in that check, here are three important things to consider:   1. Affordability is part of fit   Many students choose their college based on academic and social fit…

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Understanding the College Financial Aid Award Letter

  College Inside Track’s Cozy Wittman was featured in the Journal of Financial Planning, discussing ways to create transparency for families in the college funding process and better understanding the college financial aid award letter. Cozy explains in detail the college financial aid award letter, tips after receiving it, elements of good and bad letters…

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FAFSA changes

FAFSA changes passed by Congress

  The COVID relief bill passed at the end of 2020 also included some significant changes to the FAFSA. The changes go into effect for the 2024-25 school year. The FAFSA for that school year opens on October 1, 2023 and will use tax information from 2022. And because the FAFSA is completed each year…

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529 Plan Funds can be rolled over into Roth IRAs

man celebrating

By Heidi King, College Inside Track   Tucked into the year-end federal spending package was a new provision allowing 529 Plan funds to be rolled over into Roth IRAs tax and penalty free. This significant change takes effect in 2024. Here are the key details:   The benefit is for 529 plan beneficiaries (as opposed…

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