Expert Advice
Insider tips for the week of June 28, 2021
FAFSA changes delayed – The significant FAFSA changes recently approved by Congress will be delayed by year, due to the complexity of overhauling the entire system. Federal Student Aid (FSA), the agency in charge of implementing the changes, said they will now be rolled out for the 2024-25 school year. The earliest families can…
Read MoreCollege Planning Changes for Grandparents
The stimulus bill passed at the end of 2020 also included some significant changes to how grandparent contributions are treated on the FAFSA. According to financial aid expert Mark Kantrowitz, cash contributions from grandparents, including distributions from grandparent-owned 529 plans and direct tuition payments to colleges, will no longer hurt a student’s eligibility for…
Read MoreFAFSA change for families with multiple students
At first glance, the recent changes to the FAFSA appear to be a good thing: A simpler form with far fewer questions, increased financial aid eligibility for low income families, and a formula change reducing any penalty for grandparents who contribute to college. But another formula change could prove to be extremely painful to…
Read More4 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…
Read MoreACT canceled – What am I supposed to do?
Your high school student wants to apply to Flagship U, which despite the growing list of test optional colleges and universities, still requires the ACT. She was registered for an earlier test, but a global pandemic rudely interrupted our lives and the ACT got canceled. Okay, you thought, we’ll just sign up for the June…
Read MoreInsider Tips for the week of May 3, 2021
3 things to do now for strong HS recommendation letters – Students have experienced online learning and cancelled or shortened extracurricular activities as a function of the pandemic. Many report that they hardly know the teachers who have taught them this year, and worry that their core teachers don’t know enough about them to…
Read MoreCIT’s Cozy Wittman Talks Scholarships with The Weekly Wealth Podcast
College Inside Track’s Manager of Education and Partnerships, Cozy Wittman, was featured recently on The Weekly Wealth Podcast. Cozy discussed planning for financial aid and scholarships with David Chudyk, Financial Advisor at Parallel Financial. Topics include: misperceptions around scholarships (including best and worse strategies for good money), the biggest providers of strong scholarships, how colleges…
Read MoreInsider tips for the week of April 5, 2021
Controversial financial aid change – A new FAFSA change will dramatically reduce the amount of financial aid middle and upper-income families with more than one child in college at the same time will receive. Check out our article on this significant news. 10 ways to help your teen with the college decision –…
Read MoreVIDEO: CIT Founder Jay Benanav On Timing Your Financial Aid Appeal
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Read MoreVIDEO: HS Juniors! Three Things To Do NOW To Ensure Strong Teacher Rec Letters
Juniors have experienced online learning and cancelled or shortened extracurricular activities as a function of the pandemic. Many report that they tell they hardly know the teachers who have taught them this year, and worry that their core teachers don’t know enough about them to write great letters of recommendation. Don’t despair! CIT Consultant Robin…
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