College Students and Stimulus Payments

Parents of college students have likely heard that those students– if claimed as dependents on their parents’ 2019 taxes– are not eligible for the $1,200 stimulus payment. These payments are an advance refundable credit on 2020 taxes. This means that the payment is actually a tax credit on your 2020 taxes, which you get even if you don’t have a…

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…

College Admissions Status Update

NACAC has created a page, here, for high school students to track admissions-related information for colleges, including changes to acceptance or deposit deadlines and availability of campus visits, along with links to the school’s Coronavirus information page. You can of course get this information directly from your school(s) too.

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…