Many families worry that their college savings accounts will kill their chances for financial aid. It’s been my experience that it’s usually dads who get stressed out about how colleges will treat their college accounts for financial aid purposes. Some fathers whom I’ve talked are down right bitter. They are especially incensed at the possibility [...]
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What is Your Expected Family Contribution?
What is Your Expected Family Contribution? Do you know what the term Expected Family Contribution or EFC means? Most of you probably don’t so I’m devoting the next couple of college blog posts to explaining what an Expected Family Contribution or EFC is and why it’s so important. If you file for financial aid through [...]
Last-Minute Investing in a 529 College Plan
Note: I am heading today to the annual conference of the National Association for College Admission Counseling that thousands of college administrators and college counselors will attend in New Orleans. Send me a great question to ask the experts in the comment box below and I’ll send you a PDF version of my newly updated [...]
How Grandparents Can Safely Help With College Costs
I got a question this week from a mom about grandparent contributions to college. It’s great to have generous grandparents who want to help with college costs, but you don’t want any gifts to backfire. Here are five things to keep in mind when grandparents want to help with college: No. 1. If your family [...]
Making Our Last College Payment!
My husband and I reached a milestone yesterday. We made our last payment for our daughter’s bachelors degree. Caitlin is graduating from Juniata College in May and we’ve managed to pay for her degree — she double majored in business and Spanish — without taking out loans. I should have bought a bottle of champagne [...]
529 College Plan: A Dirty Little Secret
Ever hear about college taxes? No this isn’t a joke. If you aren’t careful you could owe college taxes on your 529 plan. Nobody tells you that you could ultimately owe taxes on a 529 college plan, but plenty of people discover this nightmare during tax season. Before I get to the bad news, let [...]
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About Lynn
In addition to writing her nationally known blog here on TheCollegeSolution.com, Lynn O’Shaughnessy is an author, higher-ed journalist, speaker and college consultant. Lynn writes about college strategies for CBSMoneyWatch and US News & World Report. She's the author of The College Solution, an Amazon.com bestseller and... Continue Reading...
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