Today’s post is written by a fellow fee-only advisor, Greg Phelps, CFP®, CLU®, AIF®, AAMS®, of Redrock Wealth Management. Saving for a child’s college education is perhaps one of the most noble things a parent will ever do. It’s also one of the toughest financial goals to tackle, because similar to healthcare costs, college expenses have risen across the board at…
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FAFSA
This article in Forbes explains options the Department of Education is making available for FAFSA filers needing to get their income tax information in to schools or loan servicers. I’m off to surgery tomorrow and wasn’t going to post anything until after that, but I thought you might need this info. See you in a week or two.
My apologies if this is a little down-to-the-wire. Then again, you might do better waiting until the last minute to negotiate an aid award. If you’re planning to do so, here are a few things you need to know. The first step is to determine what type of aid is being offered, need or merit (or a
If you have not yet filed the FAFSA for the coming school year, you may be stuck entering your income data manually. The IRS last week said they do not expect the Data Retrieval Tool to be available until the next FAFSA cycle begins in October, due to security concerns.
Sallie Mae’s annual How America Pays for College report has some good news: In the 2015-2016 school year, the average amount families spent on college went down slightly, to $23,688. The biggest decline came on spending for 2-year colleges; families with students in 4-year schools reported spending about the same as in the previous year. In