Many parents worry that their college savings accounts will kill their chances for financial aid. Most families, however, who have saved for college are not hurt in student financial aid considerations. Here are the two biggest reasons why saving money often won’t jeopardize your financial aid chances: 1. Colleges don’t care how much you (or […]
Now that we’re officially into the 2013-2014 FAFSA season, I wanted to answer some questions on my college blog that I’ve gotten about financial aid forms. If you have your own questions, please leave them in the comment box below. Lynn O’Shaughnessy Mom’s question: Try as I might I still can’t get my hands around […]
It’s extremely easy to make financial aid mistakes. Paula Bishop, a CPA friend of mine in Bellevue, WA., who has filled out countless financial aid forms for clients, tells me that she’s never seen any parent complete a application without at least one mistake. Now that’s depressing and it can also be costly if you […]
Many parents worry that their college savings accounts will kill their chances for financial aid. If that’s what you’re stressing about, here’s my advice: take a deep breath! Most families who save for college are not hurt in student financial aid considerations. Why Your Savings Won’t Hurt Financial Aid Chances Here are the two biggest […]
Many of the misconceptions that people possess about the college process revolve around financial aid. So with the college admission season heading into high gear, I am sharing the four financial aid myths that are probably the most common. Myth No. 1: I make too much money to qualify for aid. You shouldn’t automatically assume […]
Today I’m sharing an email from a mom from New Mexico, who is understandably stressed about the college bill she is gearing up to face for the third of her four children. I’ve got my own thoughts, but I’d love to hear what advice you might give this family. A Mom’s Question Here is the […]
Yesterday’s post, which explored the school options of a brilliant teenager from Wisconsin, generated many insightful comments from parents. Here is the post: Should a Kid Borrow $80,000 for a Brand-Name University? If you missed the post or the comments, I’d urge you to check both out. To summarize, the teenager managed to get admitted […]
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 […]
