This article highlights several trends that may actually be working to bring college tuition down.
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Financial Aid
Many of you have already made your first tuition payment; apologies if this is coming too late! If you’re getting to the point of making college payments, you need to make sure the relevant bank accounts are attached to your 529 plan. If you’ve been contributing to the plan, it’s pretty likely that yours is already. But your student’s probably…
The FAFSA’s new timing– fall instead of spring and prior-prior income year– means that many students’ summer jobs will have a bigger impact on their EFC. That’s because any amount of money they made that is still in their bank account when they fill out the FAFSA is an asset that will be assessed at 20%. (Remember, students don’t get…
Stealth applicants are a buzzword in college admissions these days. What is a stealth applicant? It’s someone who applies to a school without ever having interacted with that school prior to the application. It’s become increasingly common as it’s become easier to get information about schools without interacting with them. But if you’re really
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…