The Texas Tuition Promise Fund Explained

By The College Funding Coach / September 7, 2021

Introduction to Prepaid Tuition Plans Saving for your child’s college education is one of the most daunting financial hurdles you will face. College costs continue to outpace inflation and show no signs of slowing down. As a direct response to this financial challenge, a handful of states created prepaid tuition plans. Note: Most of these plans…

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The Myth of the D.C. Resident Paying In-State Tuition

By Zaina Bankwalla / August 5, 2021

This post was updated on August 5, 2021. It was originally published on May 3, 2019.  Do Washington D.C. Residents Get In-State College Tuition in All States? This is the most common question I hear when I give our live workshop, Little-Known Secrets of Paying for College. The short answer is…. No! But there is…

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The American Opportunity Tax Credit: “The Tax Scholarship”

By Jimmy Hicks / July 13, 2021

Origin of the American Opportunity Tax Credit The American Opportunity Tax Credit, proposed by President Barack Obama and passed by Congress in 2009 to replace the Hope Credit, became a permanent education tax credit with the passage of the PATH Act of 2015. How Does the American Opportunity Tax Credit Work? Per the IRS, for…

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Demonstrated Interest: What’s the Big Deal?

By Zack Whitlock / July 7, 2021

The only thing that rises proportionately with college costs is the stress of the college application process. Every year, there’s more you need to know and more you need to do to get your kid into college. The whole process is enough to make parents and students lose their minds. Take, for instance, the concept…

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529 ABLE Account PSA: Saving for College for Disabled Individuals

By Willis Holdeman / June 16, 2021

Many people have heard of college 529 savings plans.  Every state has an option for its residents.  Many states offer tax deductibility for contributions to their state plan if you are a resident.  Some states even let you, as a resident, deduct contributions to any state 529 plan. 529 savings plans have taken center stage…

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The Power of Financial Literacy: Why I Became a College Funding Coach

By Tim Tedesco / June 2, 2021

Growing up, my father struggled in school. His grades were not strong enough to receive any scholarships and his family could not afford to send him to college on their own dime. Instead, my dad did what he knew best when he graduated high school: he worked. Looking back at my dad’s financial situation, and…

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14 Ways to Minimize Student Loans

By Brock Jolly / May 20, 2021

Putting the Student Loan Problem in Perspective In total, almost 45 million Americans owe about $1.7 trillion in student debt. About 70 percent of college grads have student debt when they graduate; the average debt among all graduates now pushes $37,000. These statistics look really scary, but the story is more complicated than “everyone’s crippled…

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What Is a Tuition Discount?

By Mario Carannante / May 5, 2021

What is a Tuition Discount? A tuition discount is an all-encompassing term that refers to any gift aid that the college offers to reduce your tuition cost. Most people use tuition discounts to describe automatic merit aid awarded by colleges. The money may actually appear on the award letter as a tuition discount, entrance award,…

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How Out-Of-State Students Can Get In-State Tuition

By Brock Jolly / May 4, 2021

This article was updated on May 4, 2021. It was originally published on July 15, 2016. Many students now attend public universities to reduce the cost of higher education. Unfortunately, students often face a huge premium if they want to attend a public university that is not in their state of residence. This can be…

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Is an Ivy League Education Worth the Cost?

By Tim McFillin / April 9, 2021

The Ivy League Dream: A Generational Holdover That Overlooks Disproportionate Cost I grew up in a family that valued higher education tremendously. My late grandfather was a Cornell graduate and worked for IBM as an engineer for 35 years. Although he was not a wealthy man, he was financially comfortable and able to put all…

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