College Savings

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Asset Shifting as a Financial Aid Strategy

Is Asset Shifting a feasible financial aid strategy when it comes to your son or daughter’s college education? Although it’s not used frequently, in some situations this can be a valuable strategy. Asset Shifting is when you move liquid assets around to increase your need-based eligibility. There are a few steps you need to take…

Top 8 Financial Aid Planning Tips

We all know college can be expensive. How can you begin preparing for your child’s education now? Texas A&M University offers a lot of great financial aid planning tips for parents on their site. Here are 8 of my favorites: Create a college savings plan. Your greatest asset is time. The sooner you start saving…

Federal Student Loan Default Rates: What You Need to Know

It’s no secret this is a tough economy for recent college graduates. Jobs are scarce and tuition costs are high. In fact, according to the Department of Education (ED) federal student loan default rates climbed to 8.8 percent in 2009, the most recent year for which data is available. This marks the fourth year in…

Is Your Student a Junior in High School? Start to Plan Your College Funding Now

Have you started planning for college yet? It might seem early to have a college funding plan in place if your daughter or son is only 15 or 16, especially as feels like college is 2 years away, but the time to start is actually when your student is a Junior. The FAFSA (Free Application…