Archives by Month

January 2019

Student Loans and Mortgages

There’s been a great deal of press in recent years about the impact student loans have on the larger economy, especially home purchasing. A Federal Reserve Bank of New York report showed a decline of 8 percentage points in home ownership among 28-to-30-year-olds from 2007 to 2015, and estimated that about 1/3 of that can be attributed to student loan…

Tuition & Fees

Most schools lump tuition and fees into a single line item on their costs, but students and parents should have visibility to which is which. It can take a little bit of digging to find out, though. First, what are fees? They can be anything from health insurance to fitness center costs

AOTC And New Tax Law

One of the big changes to the tax bill was making our young adult children less valuable to their parents from a tax perspective. The dependent exemption is gone and the child tax credit for 18- to 23-year-old dependents is only $500. The change does open a door to higher-income families for the American Opportunity Tax Credit, though.  The AOTC…