The already complicated college process just became more challenging for families in the wake of COVID-19. Campus visits are cancelled, ACT test dates are postponed and more changes every day. How does a family conduct a search and choose a college in this new environment? College Inside Track is here to help and below is…

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Would you ever consider a scenario where the scholarships your student won actually resulted in a scholarship reduction elsewhere? One of the students we work with, whom we’ll call Caitlyn, was a dream that every parent (and counselor) hopes for: kind, bright, studious and incredibly engaged in the college process. In addition to having nearly…

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happy about federal student loan rates dropping

  For some good news amidst the current pandemic, the federal direct student loan rates are falling to the lowest interest rates on record for families taking on federal student loans this year.   Undergraduate rates for the 2020-2021 school year will be 2.75%. This is a reduction of 1.78% as compared to the 2019-20…

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   3 new paying for college strategies in the COVID-19 world – COVID-19 has massively disrupted the college planning process, which has created new opportunities for families to potentially reduce their cost. Check out 3 new college financial planning strategies to consider (as always, please consult with a financial professional to determine if any are…

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paying for college - stock market

  COVID-19 has massively disrupted the college planning and paying for college process, which has created new opportunities for families to potentially reduce their cost. Here are three new college financial planning strategies to consider (as always, please consult with a financial professional to determine if any are a fit):   Take advantage of low…

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    In the wake of the COVID-19 pandemic, the government has suspended all federal student loan payments through September 30, 2020. Here’s what you need to know:   No interest will accrue on your federal student loans through Sept. 30, 2020.   Your federal student loan balance doesn’t change unless you make payments, meaning…

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FAFSA says how much you can pay for college, but it’s often wrong – The NY Times explains what the FAFSA says you can afford is usually less than you will end up paying, which comes as a big surprise to many families. This is an important read as you plan how to make the…

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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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  Major change to 529 Plans – The SECURE Act signed at the end of last year includes a major change that now allows 529 Plan dollars to be used to pay for student loans. However, certain states need to conform their tax laws to the federal one, otherwise folks in those states may face…

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In our work of helping families navigate the college process. it continually shocks me how few have not had the “money talk,” either between the parents and/or between parents and child. Given the cost of college today, this is highly irresponsible at best, if not downright dangerous. I haven’t heard of many married couples not…

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