Competing Financial Priorities Balancing College and Retirement
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If you’re a Senior, you may be starting to receive your college acceptance and financial aid award letters. At first glance, your award letter might not make a lot of sense. Knowing how much financial aid you are offered and how much you’re really expected to pay can be confusing. If you’re scratching your head in bewilderment, here is your guide to understanding your award letter.
College costs are at an all-time high, and saving is on the mind of many parents. As families with teens and college-aged children examine their financial priorities for 2022, the College Ave survey sheds light on the difficult budgeting choices many families are facing.
College News: Your Financial Aid Award Letter & How to Decipher Your True Cost of College
Getting college acceptance letters is a huge relief. It’s no longer a guessing game. Once you’ve celebrated, expect another piece of the puzzle to arrive. Your financial aid award letter.
Unfortunately, they’re not as straightforward as an acceptance letter. With award letters, colleges tend to use their own vocabulary, tables with the financial aid breakdowns and leave out anything they wish….
College Ave Survey: The competing financial priorities of parents of college-bound students
Paying for college likely ranks on the financial resolution list for many families of college-bound students. The good news is 71% of parents feel confident in their plan to pay and 79% have already started saving, according to a recent College Ave Student Loans survey of 1,000 parents conducted by Barnes & Noble College Insights. As families with teens and college-aged children examine their financial priorities for 2022, the College Ave survey sheds light on the difficult budgeting choices many families are facing….
How to Survive Paying for College Free On-Demand Webinar
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- Expected Family Contribution (EFC)
- Cost of Attendance (CoA)
- FAFSA and CSS profile
- Public versus private costs
- How you can afford college without jeopardizing retirement
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Westface College Planning is here to help ensure your planning is where it needs to be. Contact us with any questions you might have for the years to come!
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If you’re a typical parent with college-bound students, you’re probably overwhelmed. You want to help your sons and daughters make the right choices and prevent overpaying for their education. You’re not alone! We’re here to help. Schedule your free consultation today – click below to get started!
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How to Survive Paying for College
Join Beatrice Schultz, CFP® for our on-demand webinar, where she provides parents with the exact steps that often greatly lower the cost of college, even if there’s little time to prepare.