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529 Plan Funds can be rolled over into Roth IRAs
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…
New bill allows unused 529 college funds to become a retirement tool
College Inside Track’s Heidi King was featured on Yahoo Finance discussing new rules allowing 529 Plan funds to roll over into Roth IRAs tax and penalty free. Beneficiaries of 529 plans can begin to take advantage of the changes in 2024.
Make The Most Of Your College Tour!
By CIT Consultant Lessa Scherrer See also Insider Tips on the Successful College Tour, with CIT Consultant Lessa Scherrer Traditionally, the college tour consists of an information session led by someone from the admissions office and a student-led campus tour. Over the last few years, many tours have been restricted to outside visits to…
Insider tips for the week of December 3, 2022
Financial aid formula changes – CIT’s Chris Wills explains how little-known changes to the financial aid formula for the 2023-24 school year could affect how much you pay for college (these are different from the significant changes occurring the following year). Take a couple minutes to see if you may be impacted. What does a…
Financial Aid Formula Changes
The FAFSA formula that determines how much financial aid a family will qualify for is undergoing two behind-the-scenes financial aid formula changes for the 2023-24 school year. These changes are in addition to the massive changes happening for the 2024-25 school year for families with multiple children in college, grandparents, etc. First, the good…
Insider tips for the week of November 1, 2022
Underclassmen strategies – If you have a HS underclassman, now is the time to nail down a concrete strategy related to college debt and the college search. Check out the advice from CIT’s Cozy Wittman. Study skills guide – Grades are a vital part of the college application. Courtesy of James Madison University, here’s a…
Can We Juggle Assets to Make Ourselves Need-based?
In this three minute video, CIT Education and Partnerships lead Cozy Wittman answers the perennial questions asked by high-EFC parents in search of college dollars: “Can we juggle assets to make ourselves need-based? What can we do to make ourselves needier on the FAFSA and CSS Profile?” Learn the single strongest factor determining whether…
Happy Halloween from the Pets of College Inside Track!
We love all of our pets, at College Inside Track. Somehow they showed up at our last staff meeting all dressed up for Halloween. Trick or Treat!!!
Federal Student Loan Forgiveness Applications Open
Student loan forgiveness applications open The Department of Education has launched a beta test of its application website for those seeking debt relief. Federal student loan borrowers can now submit applications through the Department’s beta mode website. Borrowers who submit their applications now will not need to resubmit them once the Department of Education begins…
Macalester and Carleton: Two Great Midwestern LA Colleges, Compared
CIT consultant Paige Feldman toured and compares two Midwestern Liberal Arts Colleges, both in Minnesota: Macalester College in St. Paul and Carleton College in Northfield. An intriguing look at two great institutions!