Don’t Be Fooled by Your Financial Aid Letters

By Mario Carannante / April 16, 2020

Colleges have now mailed or are currently mailing financial aid letters to countless college-bound students, and these students need to make their decisions for college enrollment by the May 1st deadline (or June 1st, as many colleges have pushed back the decision deadline). Many students will have multiple offers, and families will need to decide…

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College Financial Aid – Know the Rules!

By Zaina Bankwalla / April 9, 2020

College is not paid at sticker price! Yes, you read that correctly. If ten students went to the same college at the same time…… I can safely say that all ten will pay a different price for the same college. Now, how is that even possible? Welcome to the world of paying for college! It’s…

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COVID-19 hits college savings plans

By Online Media Source / April 9, 2020

Age-based portfolios have improved in design over the past several years, but some investors have been hit harder than others   April 8, 2020 By Emile Hallez Source: This year’s market volatility tied to COVID-19 has affected nearly all investors – including students who will soon start their first semester of college. The stock market…

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Conquering the Beast of Graduate Student Debt

By Tim McFillin / March 26, 2020

I do not think it is hyperbole to say that we are dealing with a student loan crisis in the United States. As of February 2020, there is over $1.6 trillion in outstanding student debt. To give you some perspective, Forbes published an article a year ago discussing how aggregate student debt in the U.S.…

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What Every College Financial Aid Officer Wants You to Ask

By Kim Smith / March 24, 2020

This article was originally published on May 13, 2019. It was updated on March 24, 2020. As a college funding coach and a financial advisor, my conversations with families are often focused on how they can provide the best education and opportunity for their children without compromising their families’ financial future or taking on significant…

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College Funding for Newlyweds

By Jimmy Hicks / March 19, 2020

How do we plan for an educational expense that may or may not happen at some point in the future? My fiancé and I are getting married soon and are planning to have children someday. A controversial question we are facing right now is this one: “Is it too early to start saving for college?”…

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Are Scholarships and Grants Taxable?

By Austin Perryman / March 18, 2020

The College Funding Coach team hopes that you were still able to celebrate St. Patrick’s Day in these uncertain times, even if it meant staying at home with family or close friends and embracing the classic St. Patrick’s Day “Spirit(s).” St. Paddy’s Day, Awkward Moments, and Taxes March 17th brings about a pure sense of…

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Don’t Put All Your Eggs in One Basket to Pay for College

By Alexandra Koury / March 5, 2020

What do Stephen Covey and Miguel Cervantes have in common? They are commonly attributed with two fundamental maxims that hold true in college funding. In his book 7 Habits of Highly Effective People, Stephen Covey says, “Begin with the end in mind.” In his book Don Quixote, Cervantes is credited for saying, “Don’t put all…

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How to Calculate the ROI of Your College Degree

By Online Media Source / March 3, 2020

This is a guest post from Edmit. Key Takeaways: College costs are high, even taking financial aid into account. On average, college has a positive ROI for graduates. Your costs, how long you take to graduate, and economic conditions will impact your ROI. There are also considerable differences in ROI based on the major, graduate…

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The FAFSA Verification Process and Financial Award Letter

By Brock Jolly / February 28, 2020

Verification Does Not Mean You’re In Trouble Once you submit the FAFSA, and the government calculates your family’s Expected Family Contribution (EFC), it will then be displayed on your Student Aid Report (SAR). The federal government or a specific college/university may then require verification of the information you supplied on your FAFSA. This is not…

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