Financing College
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…
Read MoreFAFSA changes for financial advisors
Check out the following video from College Inside Track President Chris Wills providing a helpful overview of the new changes to the FAFSA that financial advisors need to know about, as they will require new planning strategies for many clients
Read MoreStudent Loan Forgiveness Details
Here is a Q&A with College Inside Track President Chris Wills regarding the Biden administration’s student loan forgiveness plan: Chris, there’s been a lot of publicity around the Biden-Harris Administration’s Student Loan Forgiveness Plan. I just received my first alumni parent text on the topic: “How do we get the Biden Loan Forgiveness…
Read MoreThe Test Optional Path in the 2022/23 Application Cycle: Q and A with CIT College Testing Policies Expert Tiffany Kolb
CIT Consultant Tiffany Kolb discusses what families need to know now about the test optional path in college admissions: Important takeaways from the most recent application cycle, possibilities of test optional applications at highly selective colleges, and the process of determining whether or not to submit scores Q: Tiffany, in general terms, what’s new on…
Read MoreJay Benanav Q and A: Financial Aid Issues for 2023 HS Graduates
College Inside Track founder and nationally recognized college admissions financial aid expert Jay Benanav discusses some of the most salient college financial aid issues relative to the 2022-2023 application cycle Q: Jay, what is new and reportable in the 2022 landscape of financial aid? What have we learned in the last application cycle? Even…
Read MoreFive Minute Video Tour of Milwaukee School of Engineering, with Dr. Heather McCowen
Click here: Five Minutes on the Milwaukee School of Engineering Campus Spend five minutes with CIT Consultant Dr. Heather McCowen as she takes you on a high-spirited tour of Milwaukee School of Engineering. Twenty undergraduate programs in a wide variety of engineering disciplines; robust business, nursing and math majors, plus minors ranging from Spanish to…
Read MoreCozy Wittman on Wicked Pissah Podcast: Financial Strategies Driving the College Search
Cozy Wittman, Wicked Pissah Podcast, Episode 118 College Inside Track’s Cozy Wittman offers a really fun, comprehensive discussion around the college search. With strong advice for financial advisers, the podcast speaks to all listeners with a stake in the college search. When should families begin thinking about the college search? When should the scholarship…
Read MoreCongratulations to Luke Niesen, Oberlin College and Conservatory ’26!
Luke Niesen’s junior year started on what was by any measure, a spectacular note. He had won a prestigious scholarship from the Congress-Bundestag Youth Exchange Program to wholly support a year of study in Germany. It was a fantastic opportunity, and one that certainly pushed him outside of his comfort zone. A gifted musician, Luke…
Read MoreThe Parent Plus Loan: Pros, Cons, and Sneaky Financial Aid Offers
Check out this short video on the Parent Plus Loan, where CIT’s Cozy Wittman lays out the pros, cons, and some caveats related to this loan. Parents: carefully examine how your college leverages the loan in your financial aid offer! What are the real numbers? If the Parent Plus Loan sits about 2.5 to…
Read MoreFAFSA change for small business owners
Add small business owners to the group of people impacted by the upcoming FAFSA changes for the 2023-24 school year. Currently, the value of any privately held business, including assets, with less than 100 employees does not need to be reported on the FAFSA as part of its small business exclusion. This includes a…
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