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.
college planning
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.
The 5 Types of Federal Financial Aid
Most college financial aid and loans are based on federal grants, funds, and subsidies provided by the U.S. Department of Education.
There are a total of five types of federal financial aid, and it’s important to understand each one, whether it will be available to your family, and what it might mean for you.
5 Things Juniors Should Be Doing Now (Parents and Students Included)
It is crucial for juniors and their parents to get started on the college process. The whole college process is going to take a lot of time, effort and money. The more you learn and the better you plan, the less painful college will be. Here are the first 5 areas that you and your student should focus on to get the ball rolling:
College Financial Planners: What They Do and Why Families Hire Them
Many families plan for college and try to figure out how to pay for it on their own, but they end up making mistakes that cost them thousands of dollars. Here’s why it pays to work with a college financial planner who can help you avoid those mistakes and make your kids’ college dreams come true with a smart financial plan.
