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 planning
6 Ways to Pay for College
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.
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.
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:
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.
5 Ways to Save Money on College Costs by Using School Data
I’ve never met a family that didn’t like the idea of paying less for college. Here’s how you can do it by starting with school data and using five smart strategies to find more generous and affordable schools, pay less, and even negotiate a better deal.