College Funding
Why Every College-Bound Student Should Fill Out the FAFSA
College is expensive. Between tuition, books, housing, and other costs, the price tag can feel overwhelming. Fortunately, financial aid is available to ease the burden, and every college-bound student should consider applying for it. By completing the FAFSA (Free Application for Federal Student Aid) and, if applicable, the CSS Profile (required for some private colleges),…
Student Loan Interest Rates: What You Need to Know
When it comes to paying for college, many students and families rely on student loans to help cover the cost. Understanding how student loan interest rates work is important for students and families financing college. These rates can be complex but knowing how they’re determined, when they change, and how they impact loan repayment can…
7 Tips for Understanding Financial Aid Award Letters
Receiving a financial aid award letter is an exciting step in the college process, but it can also be confusing. These letters often have complex terminology, different types of aid, and varying formats that make it difficult to understand what’s being offered. To help make sense of it all, here are seven essential tips for…
Beyond the FAFSA: Key Steps After Submission
You’ve completed the FAFSA – well done! However, don’t get too relaxed just yet. Receiving financial aid offers isn’t always a given, and ignoring follow-ups or deadlines might result in losing valuable assistance for your family. To ensure you’re on the right path, review each college’s website for all their financial aid requirements. Each school…
Three-Year Degrees: Balancing the Pros and Cons of an Accelerated College Path
As a parent, preparing your child for college can be an exciting yet overwhelming experience. The traditional four-year college track has long been the standard for higher education, but in recent years, an alternative has gained attention: the three-year degree. If your child is nearing high school graduation, understanding this option can help you make…
Understanding the Basics of 529 Plans
Navigating the complexities of saving for higher education can be daunting, especially given the increasing costs. Some families choose to make use of 529 plans for their financial planning needs. These plans are specifically tailored for individuals with higher incomes who can take advantage of tax incentives. Prioritizing funding Roth IRA accounts over 529 plans…