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.
college financial aid
Questions to Ask Your Financial Advisor About College Planning
If your family has a financial advisor or you’re looking to hire one to help you with college, it’s crucial to make sure you ask the right questions and make sure you’re working with someone who has the right expertise in retirement, college, investing, and overall financial planning. Here’s what to ask and how to evaluate the answers.
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.
When College Will Be More Complicated for Your Family
Planning for college is a major task for every student and family, but if you’re in one of 11 key categories, it gets more complicated. In this blog article, I’ll show you the categories of families and students where college planning gets more completed, how things will be different for financial aid and important tasks you need to complete, and the challenges and opportunities available to you.
New SAI and FAFSA Changes: What Counselors Need to Know
Major new changes to federal financial aid rules are going into effect this fall, and if you’re a high school guidance counselor, you probably have a lot of questions about the changes and what they mean for the students and families you advise. Here’s what’s changing and what you need to know so you can provide accurate advice and links to helpful resources for your students.
THCC Episode 146 – Getting Out of College Debt-Free
Most parents and students assume there’s no way to graduate from college debt-free. But Kristina Ellis managed to graduate from college and grad school with zero debt, all thanks to honest conversations with her mom and an early start on scholarship applications and college planning beginning in her freshman year of high school. Hear Kristina’s best advice and recommended resources in the latest episode of the Taming the High Cost of College podcast. Listen Now…