The Project on Student Debt has a helpful summary of federal student loan programs, including both loans and repayment options, here. Note the details are for the current school year and things like loan limits and interest rates may receive nominal adjustments for next school year. However, it’s the easiest-to-read summary of all the loan options that I’ve ever seen.
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I attended a college planning session this morning that was packed with great information. You know how sometimes the best information is stuff you probably already know? Here is what I think is probably the best piece of advice for families looking at colleges:
Application season is upon us, so before your senior gets too enamored of Very Expensive U, you need to get real about what you can afford. Here are some rules of thumb: Parents can afford to spend no more than 10% of their income on paying for college out of pocket. No, you cannot afford the 47% that the FAFSA…
This week, President Obama signed an executive order that will dramatically simplify the financial aid process for many families. Beginning next October, for the 2017-2018 school year, families will be able to file the FAFSA using two years’ prior (“prior-prior year”) data. That means that
There is no shortage of college rankings. While US News & World Report’s ranking system may be the most popular, it might not lead you or your student to schools that are actual fits. After all, US News’ top 10 schools will only admit a total of about 25,000 students each year, so even if one or more of them…