The New Times recently published a very helpful article on understanding college savings strategies in their “Your Money” section. “FAFSA”, “EFC”, “Pell Grant”, and more. Financial aid for college is as much art as it is science. Determining your family’s Expected Family Contribution is critical, and the EFC formula is intricate. For example, your income […]
A beginner’s guide to repaying student loans, from the New York Times in May, 2014.
Consumers today have more tools that ever to help decipher college prices, and the financial aid packages that may be offered by those schools. College websites are required by law to have net-price calculators, to help applicants estimate what they will really be required to pay, rather than relying on inflated “sticker prices”. And the […]
Four important but often unknown aspects of 529 college savings plans were highlighted in a recent MarketWatch article. First, you have payment options when taking account distributions. Second, the IRS will be made aware of your withdrawals by the plan administrator. Third, your withdrawal may not be tax-free even in a year with significant college […]