Insider tips for the week of March 1, 2021

female student holding cell phone

  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…

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Paying for college – 3 new strategies

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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2 valuable college planning changes in the SECURE Act

  The Setting Every Community Up for Retirement (SECURE) Act signed into law at the end of 2019 includes two significant college planning changes that families need to know about.   529 Plans can now be used to repay student loans Previously, 529 Plans could be used for qualified college expenses and $10,000 annually of…

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