Posts Tagged ‘grandparents paying for college’
Top strategies to help grandchildren with college
With the holiday season approaching, there is a terrific way grandparents may want to consider spoiling their grandchildren. Today’s retirees have accumulated wealth at unprecedented levels and combined with the rising cost of college, many now are taking advantage of an opportunity to provide a legacy of education to their grandchildren. However, without understanding the proper…
Read MorePaying for college – 3 new strategies
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…
Read MoreNew FAFSA rules help grandparents contribute
With future FAFSA forms now using tax returns from two years prior (known as “prior prior” in the college world), that adds another year that family members can help pay for college without it negatively affecting financial aid eligibility. First, some quick background: The three main factors used to calculate financial aid eligibility are Non-retirement…
Read More