Posts Tagged ‘FAFSA’
This 529 savings plan myth is making college pricier for families
College Inside Track’s Cozy Wittman was featured on CNBC discussing the myth that families are penalized for saving for college, changes to grandparent contributions and evaluating colleges based on their pricing model. View the article here.
Read MoreFinancial Aid Formula Changes
The FAFSA formula that determines how much financial aid a family will qualify for is undergoing two behind-the-scenes financial aid formula changes for the 2023-24 school year. These changes are in addition to the massive changes happening for the 2024-25 school year for families with multiple children in college, grandparents, etc. First, the good…
Read MoreInsider tips for the week of October 8, 2022
10 FAFSA mistakes to avoid – The FAFSA opened on Oct. 1 and is now available to be completed by 2023 HS grads. Here are the most common mistakes to avoid, courtesy of the Dept. of Ed. College admissions are stressful enough, don’t make it worse – Allison Slater Tate provides a healthy reminder to…
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 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…
Read More5 things every family should know about their expected family contribution (EFC)
You fill out the FAFSA, which gives you your expected family contribution (EFC), which is how much your family will pay for college. Seems simple right? Ah, but like most things with the college process, that is unfortunately not the case. Here are 5 things every family should know about that EFC. 1 Your EFC…
Read More4 mistakes families make that increase the cost of college
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…
Read MoreInsider tips for the week of November 8, 2021
How to find good schools…for you – Rick Clark writes an excellent article about how to find right-fit schools. Click here to read some questions you should answer while determining if a college is a good school for you (and see a picture of a crazy-flexible 10-year-old). Big changes to financial aid and…
Read MoreBig changes to financial aid and college savings plans
College Inside Track was featured on KARE 11 TV discussing the upcoming FAFSA changes. In the KARE 11 interview, CIT’s Chris Wills said four big changes are coming to the way parents and students apply for financial aid and save for college. #1: The Application is Getting Smaller and Easier to Fill Out #2:…
Read MoreInsider tips for the week of September 6, 2021
Mission drives admission – Rick Clark writes a wonderful piece explaining why certain students get admitted when others don’t, and encourages students to consider what their mission in admission is before applying anywhere. An important read to share and discuss with your student. Why undecided is a great college major – Dr. Deborah…
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