How Do You Eat an Elephant? Paying for College One Bite at a Time

By P.J.Horan / July 11, 2019

College is a very large expense and if you have multiple kids going to school, it could end up costing more than your primary residence.  Unlike your primary residence, however, college is heavily discounted. From financial aid to scholarships to regular old living expenses being repurposed, the very big expense of college can be taken…

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When Should You Apply for Scholarships?

By Hugo Carvajal / July 2, 2019

Do Not Wait Until Senior Year I often hear from parents saying, “my son/daughter will start applying for scholarships in their senior year.” I have often wondered why. Senior year is a tale of two drastically opposed semesters. First semester is a frantic flurry of SAT/ACT’s and college applications, in addition to class work and…

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A Peek Behind the Curtain of College Pricing

By Brock Jolly / June 20, 2019

This article was originally published on March 16, 2013. It was updated on June 20, 2019. One of the biggest problems in planning to pay for college is that most parents simply don’t understand the rules of the game.  And it’s not as if the colleges are doing a great job of teaching us the…

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Steering Clear of the Student Debt Crisis

By Shane Duhe / June 14, 2019

Loans, Loans, Loans, and More Loans There has been much talk lately in the media about the staggering amount of outstanding student loan debt.  The statistics are alarming: At the end of 2018, almost 45 million Americans had outstanding student loans totaling $1.57 trillion. Student loan debt is second only to mortgage obligations, passing credit…

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The Road to 120: Graduating College in Three Years

By Freddie Rappina / June 5, 2019

A Possible Strategy to Help Minimize the Cost of College When I was in my first semester of college in the late ‘90s, the first book I read was the course guide book (and yes, it was a physical book then). I used it to figure out which classes would help me graduate quickly with…

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The EFC Mumbo Jumbo

By Demetrius Doss / May 30, 2019

After giving almost a hundred college funding workshops on the East Coast in the past three years, one of the most common questions I receive is this: “In layman terms, can you explain all this EFC stuff?” It’s a simple question that should have a simple answer. Per the FAFSA website, the EFC (Expected Family…

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Are Public Universities Actually Cheaper?

By Samantha Davenport / May 28, 2019

Skewed Perceptions: “Only State Universities Are Affordable” Why do so many college applicants only apply to public universities? They believe that private schools will cost more money, and they won’t be able to afford it. At least this is what we are repeatedly hearing from families that we work with on their financial planning. There…

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Life Change Series: Financial Aid and Divorce

By Matthew Crider / May 21, 2019

Let’s face it, marriages don’t always go as planned.  Divorce can not only disrupt our personal relationships, it can also have lasting financial effects.  Financial aid for college can be one of those areas where these repercussions are felt.  Understanding financial aid eligibility is difficult enough when it only pertains to one family’s financial situation,…

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Prepaid Tuition Plans

By Jimmy Hicks / May 16, 2019

Prepaid Tuition Plans: An Overview What is a prepaid tuition plan? According to Investopedia, “prepaid tuition plans allow investors to purchase tuition for a student at current rates, even if he or she will not attend college for several years. Timing and age [are] a crucial factor with prepaid tuition plans, as most require plan…

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Why Do I Have Two Different EFC Numbers?

By Willis Holdeman / May 13, 2019

Expected Family Contribution As parents, we wear ourselves out making sure our children are ready for college. We monitor their grades, make sure they prepare for their SAT/ACT tests, push them to volunteer in the community, and encourage them to participate in extracurricular activities at school. Now we also need to make sure that they…

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