By now you are most likely aware that you can take out loans to pay for college. But what does it mean to take out a loan? How do you actually do it? First and foremost, federal student loans fall under the heading of Title IV funds and thus the first step in taking out a loan is completing the…
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Here’s an article from US News & World Report about the pandemic’s impact on work-study, including a quote from me. With more students attending remotely and many campus functions shut down, many students are finding their work-study awards reduced. But depending on the school, they might be replaced with grants or loans.
Want to know how other people pay for college? Sallie Mae’s recently-released annual report will tell you. This year’s survey was done in March and April of this year and reflects the 2019-2020 school year. A few key points: College costs went up. On average families paid just over $30,000 for the 2019-2020 academic year, compared with just over $26,000…
ICYMI, here is my conversation with Richard Ellis of my529. Some key takeaways: When looking for the “best” 529, start by checking if your state offers a tax benefit for contributions to its plan. If not, look for a plan that offers low-cost, diversified portfolios and low plan fees. Research has shown that students whose families have any amount of…
If I were the betting type, I’d bet that the Asset Protection Allowance is the part of the FAFSA that gets the most attention. For this fall’s FAFSA, there’s a little bit of good news: It’s finally going up! This should be tempered by: Not by much! The Asset Protection Allowance is probably the strangest calculation in all of FAFSA…