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The article entices you to file the FAFSA immediately. As I have stated countless times, this is not so good advice for many families applying for student financial aid. There is one main reason here. Contact our office for more information. New Year’s is the best day to apply for college financial aid News Source: […]
Continue reading... December 19, 2014
Financial Aid, FAFSA & Undocumented Parents
It was a pleasure to talk with Emily for USA Today and offer important advice for students with undocumented parents. Their pursuit to achieve the best for their education is praiseworthy. As the article states, these students should always file FAFSA if possible. Even though as a non-citizen, the student will not qualify for Federal […]
Continue reading... December 19, 2014
Grandparents, Grandchildren & College
If grandparents are going to financially assist their grandchildren for college, they need to know that student’s assets are assess much higher than the parent’s assets. So, a 529 plan in the student’s name may not be such a good idea. In addition, parents and grandparents should shy away from UTMA’s and UGMA’s for the […]
Continue reading... December 13, 2014
Is There An Important Deadline For FAFSA?
The writer states that the deadline for FAFSA is June 30th. Not true and big mistake for parents that adhere to this advice. Each college will have their own individual deadline which will be earlier. Also, the article does not mention that there may be other forms that will be required like Profile. One last […]
Continue reading... December 3, 2014
Chances Are You Can Afford Private College
Students with high academics should always apply to prestigious private colleges. Many students who deserve to attend these schools never apply to them due to “sticker shock”. We have found over the years that many of our students end up attending a private school for around the same price as a state institution. Why? Two […]
Continue reading... November 27, 2014
Debt And College Choices
The cost of education will continue to rise and students will graduate with a historical amount of debt. More bad news; unfortunately many students will not be able to retain a job with the salary they deserve based on their degree. Therefore, students should research what careers will be in demand in the years they […]
Continue reading... November 14, 2014
Good Question: Can You Borrow Too Much Money For College?
It’s always a pleasure to talk to the WCCO team. I would like to share a couple of things that we did not have a chance to cover. Students should always utilize subsidize Federal loans (Stafford or Perkins). Why? There is no accruing of interest during the duration of their education and the first payment […]
Continue reading... October 24, 2014
Facts About Financial Aid Eligibility
The article neglects to mention a 4th type of financial aid; work-study is also available for most students and should be utilized whenever possible. Regarding the calculation of aid, the writer fails to mention that there are three ways that colleges may employ. There is the Federal Methodology, Institutional, and the Consensus Methodology which results […]
Continue reading... October 15, 2014
Cost Of Applying For College
The cost of applying to colleges can be costly due to the application fees. However, applying to as many schools as possible is to the family’s advantage. Why? It is a numbers game. The more schools the student applies to, the more they are accepted to. The result, more financial aid offers. Therefore, more options […]
Continue reading... October 14, 2014
Financial Aid Simplification and Transparency Act
I definitely don’t see this bill dubbed the Financial Aid Simplification and Transparency Act (FAST) passing for many reasons. Regarding loans, parents need to be more savvy in the financial aid process to retain more gift-aid resulting in less debt with loans. In addition, they need to choose a college based on what they really […]
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