The Department of Education has a great blog post on what 2016 high school graduates should do before leaving for college, here.
A recent survey by CentSai Adulting should serve as a bit of a wake-up call for parents of college-bound teens. The survey showed that while 76% of teens felt that a college education was worth the cost, the majority said they are only willing to incur up to $10,000 Continue reading College Costs Expectations Gap
So, your student is moving out of the dorms and into an apartment this year. Can you still use your 529 funds to pay for housing? Yes. Do they need to save every single grocery store Continue reading 529 Plans and Off-Campus Housing
It’s summer job time! If your student is a rising high school junior or above, they should be aware of the FAFSA’s Income Protection Allowance for dependent students. For the 2017-2018 FAFSA, it’s $6,420. That means that the first $6,420 they earn in 2016 does not increase their EFC, but any earnings above that do, to the tune of 50 cents per $1 of Continue reading Income Protection Allowance for Students
One way student debt gets really big is through interest capitalization. When payments are deferred, interest still accrues on the loan balance. At some point in the future, that interest is “capitalized” or added to the outstanding principal balance. Then the borrower Continue reading Interest Capitalization