Paying for College
Insider tips for the week of August 5, 2019
11 ways parents can help their child think through the college decision – Grown and Flown has a thoughtful piece on how the college decision is one of the greatest teaching moments in your child’s life Will your child be safe at college? Colleges are required by the government to report on numerous campus safety…
Read MoreInsider tips for the week of July 8, 2019
How to explain student loans and debt to your child – The idea of debt is often unfathomable to a teenager because they’ve likely never dealt with large sums of money and repayment happens in the unknown of the future, (which of course will turn out great). Road2College shares practical tips for how to help…
Read MoreInsider tips for the week of June 17, 2019
How to help your teen be college-ready – Being admitted to college doesn’t mean a student is ready for it. Check out this important read from the New York Times, which explains how parents can encourage kids to step up their levels of personal responsibility while still in high school. 5 people worth talking to…
Read MoreFederal student loan interest rates drop for 2019-2020 school year
There is finally some good news for a change when it comes to college costs. For the first time in three years, interest rates on federal student loans will drop for new borrowers for new loans made on or after July 1, 2019. Rates dropped over a half a percent from the previous year. New…
Read MoreInsider tips for the week of April 1, 2019
How to help your teen be college-ready – Being admitted to college doesn’t mean a student is ready for it. Check out this important read from the New York Times, which explains how parents can encourage kids to step up their levels of personal responsibility while still in high school. Top 5 mistakes in making…
Read MoreBeware – Retirement savings rollover issue on FAFSA
There is a FAFSA issue that has been tripping up families with qualified retirement savings rollovers that can result in wildly inflated EFC’s (expected family contributions), thus reducing the amount of financial aid they qualify for. Retirement savings moved from one qualified retirement plan to another qualified plan should not be reported as untaxed income…
Read MoreWhy is my EFC going up?
Talk about a double whammy! Despite the rising cost of college, families are at the same time seeing an increase in their EFC (expected family contribution), which is what they are expected to contribute before any financial aid kicks in. In other words, a family with the exact same income and assets today as one…
Read MoreInsider tips for the week of Nov. 26, 2018
5 tips to pay less for college – A great read worth a couple minutes from Jeanmarie Keller. I especially like #4 – build your list of colleges based on your situation and the college’s financial aid policies. Just because you need financial aid doesn’t mean the college has to give it to you. …
Read MoreThe 5 Myths of College Costs
How many purchases in life would you spend hours or even days on without knowing the cost? Imagine looking at homes or vehicles and obsessing over their details to find the right one, only to then be told the seller would get back to you on the price that they were customizing only to…
Read MoreInsider tips for the week of July 30, 2018
6 tips for managing your EFC – Your EFC, or expected family contribution, is a number used by colleges to determine how much financial aid you will receive and a topic most families know little about. Invest a few minutes to read Road2College’s helpful tips to potentially save your family money. 5 strategies…
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