One of the most important steps in the college application process is to apply for federal aid by filling out the Free Application for Federal Student Aid, or FAFSA. There are some changes for 2020 in the FAFSA application process.
Having several loans to keep track of can be difficult to manage, which can make loan consolidation a tempting solution. Be sure to weigh your options before you make the decision to consolidate, there are many pros and cons to consider.
While the bulk of the attention regarding recent tax reform has been focused on the major changes to personal and corporate tax rates, the plan also includes some provisions that make 529 savings plans more beneficial.
Opening a custodial account can be a great way to gift assets to your children and help them become financially independent. However, there are many considerations to think about and consequences to weigh
Regardless if you go straight into a four year college after high school, or transfer to a four year college from a community college, the end result is the same at graduation: a bachelor’s degree with the four year college’s name on the diploma.
When the time comes to pay for your child’s college education, you will most likely need to borrow some money for expenses. Even if you do have the savings available to pay for the entire cost of a college education, there are some benefits in taking out a loan that you may want to consider.
Withdrawing funds from a 529 plan may seem simple enough, but once you have entered the “withdrawal phase”, you need a plan of action before you pay that first tuition bill. Knowing the key steps and tax-planning issues to watch out for are essential to maximize the effectiveness of your 529 plan.
Families are working hard to save as much as possible for the ever increasing cost of their children’s college education. It is important to have a plan in place to manage the possibility of leftover funds.
