A significant topic of discussion is, and should be, financial aid. You would be surprised how many students and parents hesitate at that, maybe too proud, not wanting to deal with the realities, or the desire to go to a particular school is so great that dollars aren’t even discussed, until late in the game.
What will my salary be when I graduate from college?
This Washington Post article on financial aid and the misunderstandings that many families have is intensely time appropriate as many students begin to receive their financial aid award letters, make the decision on which college they are going to attend this Fall and how they are going to pay for it.
This one is terrifying to me. One of my families just relayed onto me that their students guidance counselor told them that this years FAFSA, 2018-2019, is based on their 2015 tax return. NO, NO, NO and NO!!!!
$43,234 X 4 = $172,936, that’s how much Suzy’s college education will cost for her to graduate from a four-year school. Think again!
College Financial Aid Forms: Are they REALLY Complete?
Financial Aid: Should you complete the FAFSA even if you know that you won’t qualify for any financial aid?
College Admissions Process: Where are you in the College Admissions Process? Ask yourself these questions:
Did you know that if you don’t use all of the funds in one of your children’s 529 accounts, you can transfer the remaining funds over to another one of your children, with no penalty nor tax implications, as long as it is used for qualifying higher education expenses?