Student Loan Interest Rates Are Rising

Hi Friend,

It’s June! Summer is here.  A warm congratulations to our graduating Seniors.  You did it!
For our rising Juniors and Seniors, the college preparation process can be overwhelming. From campus tours to letters of recommendation to essays, you have a lot to keep track of. With so much to do, it’s hard to know where or when to start. Check out this printable timeline to keep you on the right path.

If you have a soon-to-be college Freshman, this summer will be a critical time to create your detailed college funding plan for the next four years. For many families, this will include some loans. Federal student loan interest rates will be rising for 2021-2022 from 2.75% to 3.734%. The increase isn’t necessarily a surprise, given that rates for the current academic year marked a historic low. Check out Your Guide to Federal Student Loans to learn more.

This month, Jerilyn Klein of Rethinking65, interviewed me as part of their series about people who’ve successfully crafted new professions, new ventures and new interests midcareer.

In the article, I share that college planning is one of the largest wealth transfers most families will face, yet it is often not given the financial planning required. Are you ready to get a start on your college financial plan? Sign up for a complimentary college funding consultation or educational webinar with me today!

~ Trixie

Let’s Talk!

 College News:
 The Ultimate College Application Timeline

The college application process can be incredibly stressful. From campus tours to letters of recommendation to essays, you have a lot to keep track of. With so much to do, it’s hard to know where or when to start!

To make sure you’re on the right path, check out this ultimate college application timeline. Through junior and senior year, follow along with this comprehensive blog and printable timeline to make sure you successfully go from college search to acceptance…

Your Guide to Federal Student Loans 

Direct loans, repayments, need- based aid, dependent status… Do these make your head spin? College finances can be a confusing endeavor. We can help clear things up, starting with explaining the difference between two of the biggest  federal loans available: 
Direct Subsidized and Unsubsidized student loans.

Traditionally, these are the two most common forms of federal student loans made available to undergraduate students. Colleges determine the actual amount of loan eligibility each academic year, but there are also federal loan limits for each type of student loan...

Numbers-Loving Chemical Engineer Found Her Midcareer Passion as a CFP 

“I want people to be the hero of their plan, financial health, fitness, whatever it is — just to empower,”

At Rethinking65, we love to hear and tell stories about people who’ve successfully crafted new professions, new ventures and new interests midcareer or in retirement.

I recently spoke with Beatrice Schultz, CEO and owner of Westface Financial, a financial planning and college planning firm in Vancouver, Wash. Schultz worked in the semiconductor industry for more than 20 years before shifting gears in her 40s to become a financial advisor. She earned her CFP credentials in 2007 and opened Westface in 2008…

How to Survive Paying for College Free On-Demand Webinar

Enroll in our FREE on-demand webinar and learn how to calculate: 

• Expected Family Contribution (EFC)
• Cost of Attendance (CoA)
• FAFSA and CSS profile
• Public versus private costs
• How you can afford college without jeopardizing retirement

Enroll for free now! Just click the button below!

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!