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June 2016

Federal vs Private Loans

If you have a student who is off to college this fall, you are probably being inundated with offers for private student loans. As a general rule, I recommend federal loans over private, primarily because the federal loans offer so many protections like forbearance and income-based repayment. However,

“School-agnostic” recruiting picks up

Apparently, major employers are realizing that attendance at an elite school is not a prerequisite to post-collegiate success. The most recent high-profile firm to recognize this is Goldman Sachs. The firm announced that it is discontinuing on-campus interviews for undergraduates, in a move to expand the pool of potential “best fits” for the firm. In the past, Goldman did its…

FAFSA for 2017-2018 School Year

There appears to be a fair amount of confusion around the upcoming FAFSA. To recap, there has been one big change for the 2017-2018 school year: the FAFSA will be available Oct. 1, 2016, instead of Jan. 1, 2017. That results in another big change: going forward, the FAFSA will use “prior-prior” year income data. For example,

College Cash Flow Planning

As you get closer to college, the question of how to pay for it transitions from “how to save for it” to “how to pay the bills for it.” Many families have some savings and supplement that with cash flow and borrowing. The question is always, when do you use savings versus cash flow versus borrowing?