Paying for College
Insider 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 MoreUnderstanding the College Financial Aid Award Letter
College Inside Track’s Cozy Wittman was recently 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…
Read More1 MIN VIDEO: Strategic Thinking About Loans, Beyond the Federal Loan
What if the Federal Loan isn’t enough for your student? Strategic thinking about loan options beyond the federal loan — with important cautions for parents — from College Inside Track Manager of Education and Partnerships Cozy Wittman. An additional resource from CIT President Chris Wills: Four Last Chance Financial Aid Strategies For Parents
Read MoreU of Minnesota To Offer Free Tuition to Lower Income Residents
University of Minnesota regents in February approved a free tuition plan for students of families learning less that 50k per year. The offer applies to student who will study at the flagship campus in Minneapolis (where tuition will run approximately 15k per year), along with the University’s campuses in Crookston, Duluth, Morris, and Rochester. …
Read MoreInsider tips for the week of March 1, 2021
Huge change for grandparents contributing to college – The FAFSA changes included in the December COVID relief bill contain a HUGE one for grandparents: Cash contributions from grandparents, including distributions from grandparent-owned 529 plans, will no longer hurt a student’s eligibility for financial aid. Check out our article on this significant news. How…
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 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 MoreInsider Tips for the week of February 1, 2021
I’m worried my child won’t get into a good college – The Atlantic’s Lori Gottlieb writes an important piece about how we as parents help our children address disappointment in the college process, but more importantly, in life. From the moment kids are born, they take their cues from the adults around them about…
Read MoreFAFSA changes
The COVID relief bill passed at the end of 2020 also included some significant changes to the FAFSA. While the changes do not go into effect until the 2023-24 school year, that year’s FAFSA will use tax information from 2021, so there are current day considerations. And because the FAFSA is completed each year…
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