Skip to content

Are There Legitimate College Funding Specialists Out There?

Handshake from trusted consultant

You can get college planning assistance without being taken advantage of. BARTLETT, IL, APRIL 25 – With all the media coverage related to the current college admissions scandal, parents of high school students may be wondering if there is legitimate help out there. After all, many families report the college planning and admissions process to…

Read More

Career Benefit in Unrelated College Majors

The New York Times’ recent article, “6 Myths About Choosing a College Major.” noted a current perspective from Richard Pitt, a sociology professor at Vanderbilt University, that unrelated majors yield bigger gains in the job market by increasing breadth of knowledge. This article also states that less than a third of college graduates work in jobs related to their…

Read More

College Decisions Influenced Most by Family

  According to the National Association for Education Statistics, at the U.S. Department of Education, students rely most on their families when it comes to their thinking about education after high school at 49%, while 34% rely on themselves and their own research, followed by 5% for teachers, 4% for friends, 3% for high school counselor and recruiters/coaches/scouts. High…

Read More

Student College Loan Debt in the U.S.

The Federal Reserve recently reported that U.S. student loan debt increased 6% from last year.  As of January 2018, Americans now owe over $1.48 trillion in student loan debt, among 44 million borrowers.  The average Class of 2016 graduate has $37,172 in student loan debt, that is almost a 40% increase in 5 years according to CollegeStats.org. The current…

Read More

How to Pay for College

According to the U.S. Department of Education, college costs are one of the most important factors in choosing which higher education institution to attend—and costs can vary significantly among schools. DOEd advises that the cost of college should be reasonable compared to the earning potential in a future career, to make sure to earn enough…

Read More

College Student Loan Update

Students and their parents have to pay back more than the principal on college loans – interest and fees are assessed on the principal loan amount, which increases the overall cost of attending college. It is important to note that Subsidized loans start to accumulate interest after a grace period following graduation, while Unsubsidized loans…

Read More

Predictions for College Lending

Many discussions are ongoing concerning the effect that the new federal tax bill may have on college financial aid and lending, as published in a recent article from InsideHigherEd.com. A new limit on annual graduate federal student college loans, which have been unlimited since Congress authorized the "Grad PLUS" program in 2005, is being discussed…

Read More

Tax Bill Impact on Paying for College

According to RoadToCollege.com’s recent article, the recent tax bills passed in the House and Senate still need to be finalized before a bill can be signed into law, but they introduce many changes that affect college education funding, such as, income tax education deductions, endowment funds, and state budgets that support higher education. For parents,…

Read More

How to Maximize College Financial Aid (Step 4 of 4)

Finally, the last recommended step from the Wall Street Journal article: Step 4: Save Strategically Save in the parent’s name, not the child’s, since FAFSA weighs parent assets at a maximum 5.64% rate, while student assets are assessed at a 20% rate. Convert your child’s savings and certificates of deposit to your 529 college-savings plan…

Read More

How to Maximize College Financial Aid (Step 3 of 4)

Continuing from our blog last week from a Wall Street Journal article: Step 3: Manage Your Expenses Effectively Families planning to soon pay for large purchases (new car, replacing appliances), home improvements (replacing heating/cooling systems or roofs) or home remodeling, should do so before filing the FAFSA . Use cash to reduce your family’s assets…

Read More