When planning for college, there are 20 areas that just about everybody should work on. In fact, most people will need to include all of these things in their college planning, and virtually everyone will do most of them. They generally fall into four categories, which are College Finances, Choosing a School, Getting Accepted, and Your Family’s Plan.
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Planning for College: Parent vs. Student Responsibilities
Successfully planning for college requires a lot of work, especially for parents. They’re usually responsible for the financial side of things and need to provide guidance in other areas too. But students have several key responsibilities of their own, and in this article I’ll show you a breakdown of what parents and students should be working on individually and together.
Learn from This Family’s BIG College Financial Mistakes
Parents never want to let their kids down, but it can easily happen when it comes to college and financial aid. If you make bad financial assumptions and don’t do your research, you can end up ruining your child’s college dreams. That’s what happened to one family that came to me after they made some huge mistakes and learned the hard way. But here’s how you can avoid doing the same thing by taking the right steps right now.
Why College Planning is a Key Time to Hire a Financial Advisor
As college gets closer for your child or your kids, even if you’re planning way ahead, it can suddenly complicate your finances and your personal financial goals. Here’s why it’s a critical time to consider hiring the right financial advisor, so you can develop the right plan for college, your retirement, savings, investing, and all your long-term financial goals.
11 Things You Should Know About Federal Direct Loans
Thinking about using student loans to help pay for college? Federal Direct Loans are usually the best option due to their favorable terms and relatively low cost. Here’s what you need to know about how they work, interest rates, terms, payments and more.
