Well, we did it—Alex is off to college! He moved into his dorm on Thursday and classes started yesterday. How did it go, you ask?
It was a whirlwind—enough that I *almost* didn’t have time to get sad. There were the final attempts to bubble-wrap him before he left (“Do you want knee pads for your skateboard?”), the parting shots of hard-earned knowledge (“No one empties the lint Continue reading Drop Off #1 in the Books
It’s not unusual for different strategies to be more helpful at different points in the college savings/funding process. Retirement contributions are a perfect example. Continue reading AOTC vs EFC
The Common App and Coalition App are available now. It’s summer (at least here in Oregon it’s still summer), so why should you care? Looking now can give students a fuller sense of all the pieces they’ll need to assemble for their applications. Based on our experience and recommendations from guidance counselors, I’d suggest starting with the Common App. Continue reading The Common App and Coalition App
Upon graduation, student loan borrowers have a 6 month grace period during which time no loan payments are required to be made. Sounds great, right? For many borrowers with “getting started” expenses like security deposits and moving expenses, the grace period can be a real lifeline. However, any payment you can make during the grace period is highly beneficial because unlike a traditional loan payment that is part principal and part interest, a payment during the grace period results in a dollar-for-dollar reduction in the loan balance. Huh? Continue reading Loan Payments in Grace Period