How can families trim college costs?

Trimming college costs up front can help families avoid excessive college borrowing and the burdensome student loan payments that come with it. Here are some ideas.

1. Pick a college with a lower net price. You can use a college’s net price calculator (available on every college’s website) to estimate what your net price (out-of-pocket cost) will […]

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How much money should a family borrow for college?

There is no magic formula to determine how much you or your child should borrow to pay for college. But there is such a thing as borrowing too much. How much is too much? Well, one guideline for students is to borrow no more than their expected first-year starting salary after college, which, in turn, […]

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Understanding Financial Aid

Over the years, I have developed a network of other fiduciary financial planners. From time to time, I invite one of these individuals to contribute an article of interest. Today, Ann Garcia of Independent Progressive Advisors shares her thoughts about “Understanding Financial Aid” Ann is a financial advisor in Portland, OR.

Understanding Financial […]

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Mistakes to Avoid When Reporting Plan 529

If at any time you withdrew money from your 529 college-savings plan during 2015, then you will have received Form 1099-Q for tax reporting purposes. Here are 6 mistakes you (or your tax professional) want to avoid during the process:

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Four Ways To Get The Best Financial Aid Package

It is without a doubt that pursuing higher education is expensive. If you are paying for school by yourself, or you’re trying to find a way to pay your college student’s education then these four tips will be sure to help you.

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Student Loan Hero Review

Time and time again we’ve seen students graduating with massive amounts of debt and then struggle to pay it back. College is expensive! In fact, students who graduated in the 2014 school year walked away with an average of $33,000 worth of student loan debt.

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2015 IRA Contribution Can Hurt Child’s College Aid 2016-2017

The IRA contribution that you may make can actually lower your child’s college aid eligibility in 2016-2017. As explained in the original article, the IRA contributions you receive are “added back” to your adjusted gross income in the financial aid formulas that are used to determine a student’s need-based aid eligibility. The Forbes article uses the example of Ken and Barbie filing their taxes as a point of reference.

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Student Loan Management Issues

Every year students apply for FAFSA and scholarships, with hopes that they can reduce the amount of loans they will take out. A question that most people think but never ask is “what’s the biggest my student loans should be?” As a general rule of thumb, your student loans should never be more than 2x your expected average salary.

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Hire A Pro For Your College Tour

College tours are both exciting yet painful. It’s an experience that some students share with their parents / guardians and an adventure that some students take on their own. College tours are a learning experience that aids an individual in deciding what college or university is best fit for them. Here are a few reasons why you should hire a pro for your college tour:

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FAFSA Changes Make Grandparent 529 Plans Even Better

Grandparent-owned 529 accounts have received a lift this week from the Department of Educations’s announcement of new rules in regards to the FAFSA financial-aid application. Here is what’s happening:

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