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: …
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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 …
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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 …
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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. …
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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College is expensive! But we didn’t have to tell you that if you are a student or a parent of a student. Why should you start your college funding as soon as possible? Here are a few solid reasons not to wait another day. Tuition is up 559% – Just based on figures between 1985 …
The Top 6 Reasons to Use a College Planner: For Parents (1) College planners help you save money! College planners help your family find schools that fit within your budget They also help you to create a funding plan that maximizes financial aid, and helps you to pay for college in a tax-favored way. College …
2016-17 Cal Grant Income and Asset Ceilings Here are the 2016-17 Cal Grant income and asset ceilings. The Cal Grant is income, asset and GPA based. Check the respective family size. The income includes taxable (adjusted gross income) and non-taxable income (i.e. pre-tax contributions towards retirement accounts). Common Mistake: parents assume it’s just their taxable …
Advanced Placement (AP) classes are classes students can take while in high school that can earn them college credit before they even step foot on a college campus. AP courses are a phenomenal way for high school students (and their parents) to get a jump on college and save an enormous amount of money in …
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