If you have a child who’s heading off to college soon, you might be wondering how you’re going to pay for the costs. There are only six ways to pay, and most families will use a combination of some or all of them. Here’s a breakdown of the six ways to pay and some important things to keep in mind for each one.
Blog Posts
Start Your College Financial Plan With These 5 Key Components
College financial planning ultimately comes down to figuring out how you’re going to pay for college. Typically this is the responsibility of parents.
There are five key parts to a good college financial plan.
Inheritance and College Financial Aid Q&A
In this article, we’ll answer some of the most common questions about your inheritance, the FAFSA, and college financial aid. Find out if you need to report an inheritance on the FAFSA, how it can impact college financial aid, and how to keep your inherited assets from reducing your financial aid eligibility.
10 Strategies to Improve Your Child’s Scholarship Chances
Everyone loves the idea of free money for college, and scholarships are a great way to get it. But you also need to use the right strategies to increase your chances of success. Here are the 10 ways students and their families can improve their chances of getting need-based, merit-based and other types of scholarships.
Inheritance and College Financial Aid: What Beneficiaries Need to Know
An inheritance can be a financial windfall if you’re a beneficiary, and one of the most common ways that people use money that they’ve inherited is to help pay for college costs. However, if you’re not careful and don’t understand the assets you’re inheriting or how to manage them properly, you could end up losing a lot of money. Here is what you need to know and how to avoid the biggest mistakes with inherited assets.
8 Inherited Assets and How They Impact College Financial Aid
When you receive an inheritance, the financial assets that you inherit can potentially have a hugely negative impact on college financial aid. In this article, we’ll take a look at the eight types of inherited assets, how they affect financial aid eligibility, and the smart strategies you can use to help you minimize any negative impact on college.