Update 1/28/21: President Biden has signed an executive order extending the student loan forbearance through September 2021. That being said, much of the advice in the second half of the blog still stands (just with a different deadline). As a borrower, you must be proactive regarding forbearance. When it ends, you need to be ready.…
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Your Child Needs to Understand the Financial Piece of College Finding the right college can take a lot of research and time. The more collaborative the decision-making process between you and your child, the smoother the process will be and the higher the chances that your student ends up attending the right school. No parent…
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Before you finalize your college list, make sure you and your parents are in synch about paying for college. Here are a few tips to help you and your parents have a productive discussion. Getting good grades, taking admissions tests, researching colleges, and completing applications are all part of the experience of applying to college.…
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When elephants fight, it’s the grass that gets trampled! This, in a nutshell, is the effect of divorce on kids. When parents are wrangling about alimony, asset distribution, and who gets the large collection of Tupperware, it’s fairly common to overlook what really matters. How do the kids feel? What does their future look like?…
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This post was updated on November 3, 2020. It was originally published on July 6, 2016. If your child is serious about going to college, then you need to look beyond those expensive, glossy, full-color college brochures and fancy websites that tout the institution’s image and credentials. You need to do your research and ask…
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This is a guest post from John Hupalo, Founder of Invite Education and MyCollegeCorner.com. On October 1, the Free Application for Federal Student Aid (“FAFSA”) was made available for high school seniors and college students enrolling for Academic Year 2021-22. You read that right. Even though it feels like the school year just started, colleges…
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This is a guest post from Joel Peck, CPA, and Founder of GettingMoneyForCollege.com. The Myth of College Pricing We are consumers in a consumer-driven market. And knowing how to negotiate really works. Walk onto the lot of a car dealership and these negotiation skills will come in handy. It’s common knowledge that you shouldn’t pay…
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This post was updated on September 23, 2020. It was originally published on June 1, 2016. Rising high school juniors and seniors have already begun or will begin to look seriously at colleges soon. Many students are focused on the following factors in their college search: The looks and size of the campus The quality…
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Don’t Scoff at University Social Events After graduating high school, I was more than ready to move into my college dorm room at the end of summer. Unlike many prospective students in the current pandemic, I was able to visit campus a few times over that summer to explore dorm room options and submit my…
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It’s rare that we meet parents who know this important fact: the first offer a financial aid department makes your student isn’t necessarily their final offer; you can appeal for more money! Often times you can appeal your first aid package offer, either as a reflection of errors made during the submission process (we’ll discuss…
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