Financial aid, student loans, and scholarships all account for part of a student’s time in college, but much of the burden falls on parents. How can you make smart decisions while trying to fund your child’s tuition fees? Here are three important reminders. Have an emergency account – Set up a savings account just for […]
Three Tips for Funding Your Child’s College Tuition Read More »
College tuition is really expensive – that’s not a shocking statement. Everyone knows that it costs a small fortune to go to college, and everyone knows that the cost of school continues to go up. That’s been going on for a century, and it is why financial planning is so important. The really shocking thing
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For a family of four in the United States, you may be considered to be on the high end of middle class if you earn between $50,000 and $100,000. But you may not feel like you’re on the high end of things if you have a big mortgage payment, and you have two kids in
When You Earn Too Much to Get Financial Aid for College Read More »
No one pays full price for college. It’s not a rule, but between aid-based and non-aid-based funding sources, everybody should get something. Today, we’re going to tackle a complicated subject as simply as possible, how your family’s financial need is calculated. The Financial Aid Formula The basic formula for need-based financial aid looks like this:
Understanding “Need-Based” Financial Aid Formulas Read More »
Do you need assistance in applying for financial aid so that you can afford to attend the college of your choice? If you are looking for help in understanding the process and the forms involved, you’ve come to the right place. College Planning Source is proud to help students in Southern California to navigate the
The Help You Need When Applying for Financial Aid Read More »
Are you an excellent student who hopes to go to the university of your choice? That’s an exciting prospect. You may even qualify for a scholarship. We’re going to tell you about two different types of scholarships. Just be sure that your future education isn’t riding solely on being offered one. Merit-Based Scholarships Universities want
The Different Types of Scholarships and Why You Shouldn’t Rely on Them Read More »
If you are trying to put your children through college, you have a huge expense to think about. The new tax laws may affect how you choose to fund your child’s university education. Here are three of the ways that new federal laws are affecting college funding. #1 You Can’t Deduct the Interest Anymore This
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For a decade now, Sallie Mae has been releasing an annual report that shows how American families are covering the skyrocketing cost of tuition in the US. The latest report from 2017 reveals six ways that parents are funding (or not funding) college for their children. What you find may surprise you regarding the percentage
6 Things Parents Are Doing to Fund the College Education of Their Children Read More »
According to a study that was published in March 2014, 71% of four-year college graduates had debt due to student loans. Some of that is on top of loans that parents took out, perhaps even remortgaging the family home. Is there a better way for your family to fund college? Here are a few tips.
College Funding Options for Families Read More »
Funding college can be tricky, and loans are often a part of the deal. With so many Americans stuck under the burden of debt from college loans, you are wise to gather more information before jumping into anything. We’re about to look at three of the biggest differences between applying for a student loan through
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