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, Continue reading Federal vs Private Loans
Monthly Archives: June 2016
“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 hiring through on-campus interviews at elite schools, Continue reading “School-agnostic” recruiting picks up
Adjustments to the FAFSA EFC Formula for 2017-2018
Unlike last year, when the Asset Protection Allowance in the FAFSA formula plummeted, adding thousands of dollars of family education savings back into the formula, this year’s numbers are generally modest changes from the 2016-2017 formula. The big ones that change annually are the Income and Asset Protection Allowances. Here are some examples of updated numbers: Continue reading Adjustments to the FAFSA EFC Formula for 2017-2018
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, Continue reading FAFSA for 2017-2018 School Year
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? Continue reading College Cash Flow Planning
