Archives for June 2012

The Campus Debit Card Trap & Your Financial Aid

College is a time of many firsts for a student: First time living away from home, first time doing your own household chores and, for many, first time getting your own debit card. With the wide variety of options available from different banks, it can be hard for a young adult to make sense of which card they should choose, in addition to … [Read more...]

Capital Gains Impact Eligibility for Need-Based Financial Aid

Many parents with college-bound children consider selling stocks, bonds and other investments to help pay for school, but unless said investments are held within a qualified 529 tuition plan, such as a college savings plan, the capital gains from selling those investments can negatively impact the child’s eligibility for need-based financial … [Read more...]

New York Times Editorial: College’s True Cost

The New York Times recently shared an editorial that discusses college's true cost: The Obama administration is rightly pressing colleges to bring clarity to the often misleading and unintelligible financial aid letters that many send out to newly admitted students. The White House’s announcement that 10 colleges and state university systems … [Read more...]

Recent Changes to Student Aid: What Are They and How Do They Affect You

College is expensive. Many students can’t afford going to college without the help of Federal Student Aid. The Federal Student Aid program helps “ensure that all eligible individuals benefit from federal financial assistance—grants, loans and work-study programs—for education beyond high school.” However, the Student Aid program will be different … [Read more...]

How to Create a College Funding Plan

Earning a higher income or having substantial assets doesn’t have to mean you’ll pay a premium for a college education. Creating a college funding plan can save money on your child’s education. Even if your students are juniors, seniors or already in college, it’s not too late to get a plan together. There are many ways to save money, such as … [Read more...]