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

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

Does a 529 Plan Make Sense with Less than 10 Years to College?

 One way families can help save for college is through a 529 Savings Plan but does a 529 Plan make sense with less than 10 years to college? Recently, I received a press request asking for comment on ways families can save or lower the cost of

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

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

Five 529 Plan Myths

A 529 savings plan is a tax-smart way to save for your child or grandchild's college education.  You can be ahead of the game by avoiding these five 529 Plan myths that could be costly. Myth 1:  I must use the 529 Plan offered by my state of

Pay Wholesale for a College Education

Allow me to be brutally honest with the parents of college-bound students.   Unless you pay wholesale for a college education, you're paying too much. If you're like most parents, you'll be duped into paying retail but you should think smarter to pay

Financial Aid Impact of Savings and Investments

College funding is a combination of strategies to lower the overall cost.  It's not just about 529 savings or dealing with the FAFSA.  It is more holistic.  When considering the financial aid impact of savings and investments on college funding,