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Saving & Paying

The FAFSA’s Asset Protection Allowance

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…

Work-Study Cancellations

Lately I’ve heard from several families whose students have received revised financial aid awards that canceled or reduced their work-study. What does that mean? What should you do if this happens to you? Let’s start with what work-study is: an on-campus (generally, though some are private sector) job that is partially subsidized by the Department of Education. Schools love work-study…

What to do Right Now

I keep hearing variations on the theme of, “When things are uncertain, it’s helpful to have specific tasks to do.” So here is a to do list for you, sorted by your student’s age. Current College Student Check your course schedule to confirm if your in-person and online courses align such that you can get to both. Make sure you…

Tuition Insurance

Tuition insurance has been around for some time but has generated an increased level of interest from students and families in light of the pandemic. Tuition insurance covers tuition, room and board and other fees a family has paid should the student need to withdraw from school, typically for medical reasons. It generally costs 1% to 5% of the insured…