The recent pandemic brought about a whirlwind of legislation changes. Many of these changes were proposed to help Americans, young and old, cope with the financial distress that has come with COVID-19. Paying for college is one aspect of finance that is always...
Roth IRA vs. 529—Which Is Better for College Savings?
The average price of a college education is consistently rising. State schools are consistently less expensive by about 72%, but even an elite school like Harvard offers close to 52% in need-based grants. New parents often search for the best way to start a college...
4 Common 529 Plan Mistakes to Avoid
529 plans help offset the cost of college tuition with tax-advantaged savings. However, only about 30% of Americans know that 529 plans are effective tools for saving for college. Many of those who do know about them fail to take full advantage of what they can offer...
College Savings and Divorce – What to Expect
Divorce is never a pleasant subject, even in the most amicable of cases. No matter what your relationship may be, it can be deeply uncomfortable having to work with your ex for any length of time. However, planning for your children’s college requires a level of...
How to Balance Work and Going to College
College students, wishing to reduce their student loan burden, often turn to part-time jobs to supplement their income during their schooling. For many college-bound students, working during school is less of an option and more of a financial necessity. Fortunately,...
What are the Differences Between FAFSA and CSS?
A college education is one of the most valuable investments you can make. However, the cost of getting the necessary education is often a limiting factor for many students. The average cost of tuition for the 2017-2018 school year was $34,710 for private colleges,...
Pay Your Tuition Without Increasing Student Loan Debt
College is expensive, and tuition is only part of the cost. Parents and students often discover that textbooks, living expenses and unexpected bills quickly add up to much more than they planned. Students turn to student loans to pay for their education and end up...
How to Save Money When You’re in College
Do you feel like you’re frequently worried about money? If you’re a college student, you’re not alone. A recent Ohio State University study found 70 percent of college students worry regularly about how they will pay for school and still meet their other financial...
How to Open a 529 College Savings Plan
Colleges are expensive. If you have or are planning on having a child, have you accounted for the rise in tuition? How will you help your children pay for their higher education? A 529 college saving plan can be an effective way to help your child get to the college...
How Does a Student Loan Work?
Students are increasingly concerned about taking out student loans, and for good reason. The cost of college tuition has risen steadily in recent years, and you may be understandably concerned about taking on debt. If you have taken out a federal student loan or are...