We’re almost there: acceptance letters are arriving and the May 1 decision day is right around the corner. For most families, how much schools cost is part of the decision making process. But comparing award letters from different schools might seem like comparing apples to taco salad. The good news is, all offers need to show total cost of attendance,…
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529 Plans
It’s back-to-basics week for me and time to talk about getting started saving for college. If you want your children to go to college, you need to save. Period. That’s the easy part. Harder is where and how much. People worry that they’re going to lose out on financial aid if they save. Yes, your savings will add a small…
Has there ever been a year as hotly anticipated as 2021? And among all the new year’s resolutions to get back to living our best lives as soon as we can– travel, time with friends and family, in-person school– might I suggest some resolutions for families of college-bound children? I’ve divided them by age range to make it easy for…
Recently I was a guest on the Hack Your Wealth podcast where we discussed all things financial aid. You can listen to the podcast here.
Parents spend a lot of time and effort planning for their own assets on the FAFSA. It’s worth taking at least as much time to think about your student’s assets, both since they count a lot more and since there are good ways to shelter them. Unlike parents, students don’t get an Asset Protection Allowance, so 100% of their assets…