Perhaps the #1 most-frequently-asked question about the CSS/PROFILE is “How am I supposed to answer question 160A?” (“Enter the amount your parents think they will be able to pay for your 2017-18 college expenses.”) It’s a trap, right? A higher-stakes version of the “name your price” offers musicians put out there for concerts and downloads. Answer too high and you might be giving up aid; answer too low and your student might Continue reading CSS/PROFILE Question SR 160A
If your income is less than $180,000 (married filer) or $90,000 (single), you may be eligible for the American Opportunity Tax Credit while your student is in college. This is a credit of up to $2,500 annually, so nothing to sneeze at. Here’s the catch: You can only take the credit for expenses for which you did not use another tax benefit (i.e., for expenses paid Continue reading Education Tax Credits
As many as 1/3 of college students don’t complete the FAFSA. There are a variety of reasons why not, ranging from fears about its complexity to the assumption that it’s not worth the time because the family is not eligible for aid and hundreds if not thousands of other reasons. The end result is that a lot of money is left on the table and many families Continue reading Why file the FAFSA
Most of my friends know that I advise people on college, so they often ask me what they should be doing with respect to their own kids’ educations. One of the more astute ones asks what I am doing with my own kids in terms of their college plans. Knowing that Jon Continue reading Me Time
Moody’s annual survey of US college and university tuition shows that tuition increases are slowing down and for the most part are consistent with the overall inflation rate in the economy.
On the private school side, Moody’s projects annual net tuition increases to remain in the Continue reading Tuition Growth Slows