Whether -- and to what degree -- your parents' assets, such as equity in their home, will affect your financial aid award is a complex question. The Washington Post recently posted a Q&A looking at one particular aspect of parental assets: Retirement funds. Specifically whether converting their traditional IRA to a Roth IRA could affect your chances of getting financial … [Read more...] about How Parents’ Retirement Assets Can Impact Financial Aid
Colleges
The First Rule of Financial Aid…
The First Rule of Financial Aid is to apply! It should be rule number two and three as well, it's that important. Why is it so important? Because you will never know how much money you can receive until you apply, if you don't apply you are guaranteed nothing. This may seem quite obvious but a recent article in the WTOP (Capital News) has shown that lower income earning … [Read more...] about The First Rule of Financial Aid…
New Credit Card Law Affects College Students
According to a recent study, 84% of college students have at least one credit card -- but only 17% pay off their cards in full every month. By the time the average student graduates from college, he or she has racked up $4,000 in credit card debt -- a troubling burden, especially in a stressed economy with fewer jobs at less pay for recent grads. Part of the problem can be … [Read more...] about New Credit Card Law Affects College Students
Top 10 Best Values for College
So, high school seniors. Are you getting worried about how you will pay for college? Wondering if it's really worth the tens of thousands of dollars (hundreds of thousands?!?!) you are planning to invest? Well, then, you should definitely check out the USA Today's Best College Value Report. The schools were chosen based on undergraduate academics, costs and the percentage … [Read more...] about Top 10 Best Values for College
The Skyrocketing Cost of Private School Tuition
Did you know that the average family in America earns $50,000 per year? And did you know that spending one year at many of America's elite private colleges and universities will cost more than that? According to the Chronicle of Higher Education, there are 58 private colleges charging at least $50K for tuition, fees, room and board -- up from "just" five colleges charging … [Read more...] about The Skyrocketing Cost of Private School Tuition