College Funding

Pay Off Your Mortgage or Save for College?

As the song in Cabaret goes, money makes the world go round. But there never seems to be enough of it. There's always something. Parents are faced with all sorts of choices when it comes to household finances. One is: Should you pay off your mortgage

Financial Aid Alert: Data Retrieval Tool Suspended by IRS

Completing financial aid forms just got a little harder. Until now data from a family's tax returns could automatically be downloaded from the IRS to complete FAFSA and Profile financial aid forms. But the Department of Education and IRS announced

Grandparents Can Bridge College Cost Gap

For many families, a college education is a significant financial burden that is increasingly hard to meet with savings, current income, and a manageable amount of loans. For some, the ace in the hole might be grandparents, whose added funds can help

How to Pay for College Without Lots of Debt

With some planning, it is possible to pay for a college education without putting yourself behind the eight ball and piling up debt. Here are some strategies that may help show you how to pay for college without lots of debt. Getting a

How to Pay for College After Divorce

 Because I’m often asked as a part of my divorce financial planning practice, I will be addressing the question of how to pay for college after divorce as part of an occasional series. Oftentimes, lawyers and their clients do not adequately

How Not to Use Life Insurance to Pay for College

Here's a 'secret' to all your college funding worries:  Use life insurance to pay for college by hiding your assets, lowering your Expected Family Contribution ... and then spend more on college. Say what?!? Here's a better tip:  Let me show you

Why Wealthy Families Should Apply for College Financial Aid

If it's January, it's time to file your FAFSA college financial aid application. And it's also that time of year when I get asked if it's worth it.  There are many reasons why wealth families should apply for college financial aid as noted in a

Roth IRA or 529 for Grandkid’s College

   College is expensive. Grandparents may want to help.  They may have the funds but what's the best way?  Should you consider a Roth IRA or a 529 for your grandkid's college? These are just two of many options and each offers their own advantages

FAFSA Changes that Impact Future Students

On September 14, 2015, the Department of Education announced major FAFSA changes that impact future students.  These FAFSA changes will take effect for the 2017-2108 school year. They may very well impact financial aid prospects of future college

Pay for College Without Huge Debt

As the calendar gets ready to announce a new school season, parents begin to ask what are the best ways to pay for college without huge debt.  With some planning it is possible to pay for a college education without putting yourself behind the eight