As college tuition continues to increase more people are looking for options on how to pay for school. The biggest issue is many students and families focus on the admission to the college and not the outcome. This thought process can lead to possible higher tuition and debt after college. To properly pay for college…Details
Understanding how the financial aid distribution works can be confusing. Typically it will match the college’s main semesters learning periods. This is normally two or three semesters depending on the college. The school timing will begin with the fall semester. This is because the fiscal year for the Federal Government and the Department of Education…Details
A Rueters article describing some of the issue the parents and older individuals may face if they have student loans in their golden year or near retirement. Parent need to understand the legal responsibility of student loans before they sign for them.
For many parents and students just entering into college understanding the financing of college can be one of the complicated financial decisions your will make in your life time. Understanding the differences between a subsidized vs unsubsidized loans can be confusing. This determination may vary by school, based on your financial need at that specific…Details
A college education has become one of the most expensive family costs in recent years. If you have multiple children this could easily cost over a $500,000. Parents and students need to get the best advice but many do not realize that the college financial aid offices cannot provide all of the information you need…Details
A Kiplinger article that addresses the hard choice of saving for retirement and your children’s education. Depending when you had your children and when you plan to retire, could have a significant impact on this financial goal. Creating a plan that brings both of these goals together and utilizing the correct investment accounts is important.…Details
This Financial Advisor IQ article is a brief description of the issues that financial advisors face working with younger adults. Up to 70% of recent college graduates have student debt according to the article. This becomes an important part of planning for younger people since it will impact the amount they will be able to…Details
The US News & World Report article on how college saving plans impact a family’s Expected Family Contribution (EFC) is helpful. There is a great deal of confusion on how assets are counted in the financial aid process. This is especially true with college saving plans since the student is the beneficiary of the investment…Details
A NBC News article addresses the tuition increases many families are facing. New Strategies for Tuition Panicked Parents helps families understand how to pay the tuition. Many of these strategies are not told to you by the colleges. The college financial aid offices cannot legally discuss some of these options since these strategies become financial…Details
The increase in student loans is becoming a growing concern. Many feel there is a student loan time bomb approaching. Proper planning on how to borrow money for college and knowing your repayment options can save you thousands of dollars over your life time. This articel appeared in the Financial Advisor Magazine.