Browsing Category

Saving & Paying

CARES Act and Federal Student Loans

In most cases, we recommend that students and families stay within the federal student loan program for their college borrowing needs, at least during the college years. That means borrowing Direct Student Loans or Parent PLUS Loans. Even though the interest rates– at least for PLUS loans– may be higher than what you might pay elsewhere, we believe that the…

Negotiating a Financial Aid Award

I hope that everyone is home, safe, and washing their hands a lot! Yesterday we learned that bacon is not being hoarded, at least not in Portland, when out of the blue we got a notification that several week-old online grocery delivery attempts were going to be filled. The one item that was not out of stock in any of…

What Can You Learn From a Crisis?

You know the saying, “Experience is what you get when you don’t get what you want?” 2020 is setting itself up to be a year full of experience. If you’re a parent of a high school senior trying to select a college (that you likely can’t visit), here are some things you can do to learn more, because a crisis…

Education Spending as a Financial Disruptor

A recent Harris Poll showed that education spending was the #1 “financial disruptor” for Americans in 2019, with 16% of survey respondents saying that education spending for themselves or their children had disrupted their long-term financial plans. In addition, education spending was the only category of disruptor that grew in the last five years. According to the survey, a financial…

Got Work-Study?

Work study falls under the self-help column of financial aid. If your aid award includes work-study, you should understand what it is. Work-study is a federally subsidized job at your college or university. It may be an on- or off-campus job. It may even be an internship. For undergraduates, work-study is paid by the hour and has to pay at…