Fall term is in the books and we’ve learned quite a bit about college! Having the kids home for the holidays meant not just lots of fun family time but also an opportunity to catch up with their friends and hear about their college experiences. Now that they’re back in school, I’ve had a chance to digest some of the…
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Saving & Paying
It’s hard keeping track of what matters when in the prior-prior year world of the FAFSA and CSS Profile. Here is a table summarizing tax year and asset dates for the next few college years: School Year 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 FAFSA/ PROFILE Income Tax Year 2018 2019 2020 2021 2022 2023 2024 Assets As Of Oct*…
If your student came home for the holidays unenthusiastic about their school and considering transferring, your first impulse might be to tell them to tough it out for the year and reconsider come summer. While that’s probably good parenting advice, it might not be good financial advice. In fact, students who are thinking of transferring are usually best off making…
Among the apples-to-grapefruit aspects of planning for college costs is the substantial differences in what’s included in Cost of Attendance at different schools. All schools will quote costs for tuition and fees, room and board, books and supplies and personal expenses. But often, those are just a starting point.
Perhaps the most frequently asked question we get is how to balance saving for retirement and college. And I can’t answer that in a blog post because the right way to balance depends on your specific circumstances. We have told clients to pause retirement savings to meet college years cash flow needs, we have told clients to stop funding college…