Shocking but true: 2016 is nearly here. That means many people will be filling out the FAFSA for the first time in just a few weeks. The FAFSA itself will be available on January 1. If you would like to prepare before filling it out, the FAFSA on the Web Worksheet is available now. Although the worksheet Continue reading Getting Ready for the FAFSA
The PATH Act of 2015, aka the budget deal signed last week, included a bonus for families of college students: computers, software and peripherals are now Qualified Higher Education Expenses eligible for purchase via 529 plan funds. Previously computers had to be required by the school in order to be eligible. (One could of course argue Continue reading Computers and 529 Plans
Does your student have some down time during the winter break? A quick and easy way to make some money is to do some test prep for the ACT or SAT. In fact, this is likely to pay off far more than any juggling strategies you might be attempting with your income or assets in order to Continue reading Test Scores and Aid
If you haven’t done so already, now is a great time to check that your student has applied to some colleges that your family can afford. The best way to do this is to use the net price calculators of the schools they’ve chosen to see what you’re likely to pay. If none of the choices Continue reading It’s Dec. 15. Can You Afford the Colleges You’ve Applied to?
If you want to change any of your 529 account investments, now is a good time to do so. That’s because you’re allowed to make changes to your investments twice a year. If you make changes now, you’ll still have both opportunities in 2016. If you wait until January, Continue reading Rebalancing 529 Plan Accounts
The FAFSA 4caster is a good tool for estimating your EFC but it’s important to understand its limitations. The big one is this: it only asks for one piece of your income, your AGI. The FAFSA itself requires you to add back some big ticket items that are not included in your AGI. Continue reading FAFSA 4caster vs FAFSA