Recently Stanford’s announced tuition hike made headlines: a 7% increase in tuition would bring 2023-2024 costs to over $82,000 for tuition, fees, room and board. This follows a 4% rise in the previous academic year and an average annual increase of 3.5% over the past 10 years. Less attention is being paid to Nacubo’s announcement that, headline tuition rates aside,…
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Need-based Aid
Did you get waitlisted at your top choice school? Here’s what you need to know. First, most colleges don’t start calling students from the waitlist until after May 1. This means you should pay a deposit to secure your spot at another college before May 1, just to be sure you have a college for next year. If you do…
If your financial aid award includes work-study, you should understand what it is. Work study falls under the self-help column of financial aid, meaning it’s not free money. You have to find a qualifying job and work at the job to earn this portion of your financial aid award. Work-study is a federally subsidized job at your college or university….
With December almost here, it’s time to get on year-end tasks. If you’re among the many who want a year-end to do list, here goes!
“Use a Roth IRA instead of a 529,” many people will tell you. “It’s better for financial aid since it doesn’t count as an asset.” Some people will tell you the same about insurance policies, but those people are insurance salespeople who just want a commission. Deciding whether to use a Roth IRA is a little bit more complicated. Roth…