Education Planning
Understanding Public Service Loan Forgiveness (PSLF)
One of the most common ways to get student loan forgiveness, beyond the secret student loan forgiveness options built into some repayment plans, is to qualify for Public Service Loan Forgiveness (PSLF). The PSLF program is intended to encourage individuals to enter and continue to work in full time public service jobs after graduation. Realizing that many of these jobs have lower salaries that other careers, the PSLF program is designed to strike a balance between the cost of education and the post-graduation salary offered by many public sector employers.
When To Pay For Education-Related Financial Help
There is a booming industry forming to help people with education financial assistance. There are companies and services that can help with FAFSA and Financial Aid, finding scholarships, financial planning for college, and help with your student loans after graduation.
College Financial Aid: Five Ways To Get the Best Package
I’m currently in the process of reviewing financial aid offers for my oldest daughter, who will be attending college in the fall.There are six offers on the table, three from private colleges and from three big public universities.
Although we’re still awaiting an aid offer from her top pick, we are prepared with some key questions:
Grads With Student Loans: Rent or Buy?
Some college graduates are so overburdened with student loan payments that they struggle just to stay afloat. But for those who can make their payments and even save some money, the logical next question might be: when can I buy a house?
Four Ways To Blow Your Kid’s Chances Of College Aid
If you have saved for college and retirement in all the wrong places, your income spikes, you get bad advice or make mistakes on the college aid forms, there’s a good chance you could blow your child’s chances of receiving college financial aid and have to pay a lot more than you should.
Do You Earn Too Much To Qualify For College Financial Aid?
College aid formulas expect parents to contribute up to 47% of their after-tax income to college costs each year. Will your income throw your child out of the running for college aid? Use my EFC Quick Reference Table to estimate your aid eligibility based on income. Don’t take someone’s word on your child’s aid eligibility just because their situation may appear similar to yours. Find out for yourself.
Key Question For Millennial Job-Switchers: What To Do With Your Old 401(k)?
There’s no better way to pay for next year’s tuition than using this year’s tax credit and deductions. How much can you get back form your taxes to pay for next year’s tuition? Let’s add it up.
5 Types Of Financial Aid Every Family Should Know About
For the majority of Americans who don’t think they qualify for Pell Grants, the federal grant for low-income students, it’s easy for them to think that financial aid beyond student loans won’t happen for them. But that’s just not the case. Here are few other types of financial aid every family paying for college should know about.
Paying For College: How To Position Assets To Qualify For More College Financial Aid
The best advice on positioning clients’ assets for financial aid is based on several factors, but first let’s clarify what type of financial aid the asset question pertains to. There are two types of college aid, need-based aid and academic merit aid. Merit aid is straight forward, if you have the grade, you get the aid. For example, a student might have a 3.8 GPA and an ACT score of 32 and receive a $15,000 per year Dean’s Scholarship. That’s good news for smart kids, and those that won’t qualify for need-based aid.
Where To Get The Best Return On Investment For Your College Tuition
It’s a proven fact that college tuition costs have risen faster than inflation for the last 20 years. The average tuition at a private university tops $31,231 per year, and the average tuition at a public university typically runs $9,139 per year, according to the College Board.
