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Educational Consultants
1001 Ogden Ave.
Suite 203
Downers Grove, IL

Financial Consultants
1717 North Naper Blvd
Suite 200
Naperville, IL

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The Peace Corps Can Help Reduce College Costs

The Peace Corps Can Help Reduce College Costs

Who wouldn't love a chance to work a job that pays off student loans? The Peace Corps offers federal loan forgiveness, plus a whole world of other benefits. Graduating with a mountain of debt has become a tradition in our country. Thanks in part to easy access to low-interest college loans over the past 25 years, we've become a nation of debtors. But for anyone who took out loans under the William D. Ford Federal Direct Loan (Direct Loan) Program, there's hope…

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5 Common Student Loan Mistakes

5 Common Student Loan Mistakes

My College Planning Team's Financial Aid Team presents five of the most common student loan mistakes. https://www.youtube.com/watch?v=QqXP7WTrDmk Need Help Paying for College? My College Planning Team's Financial Team can assist you with identifying the best methods to use to fund your student's college education. Contact our team for more information or click here to schedule a free consultation. My College Planning Team Serves the Following Chicagoland Areas: Arlington Heights · Aurora ⋅ Barrington ⋅ Bartlett ⋅ Batavia ⋅ Bloomington ⋅ Bolingbrook ⋅ Buffalo Grove · Carol Stream ⋅ Carpentersville · Clarendon Hills…

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Student Loans: Why Parents Shouldn’t Worry

Student Loans: Why Parents Shouldn’t Worry

While nobody likes debt, student loans may not be the crucible you’re expecting. Further exacerbating the issue is talk of the Student Loan Crisis currently gripping America. To understand why student loans may not be the worry you think they are, let’s explore what the current loan crisis actually is. Student Loan Crisis! The abridged version: The price of college is soaring, to compensate for this more and more families must take out exorbitant loans saddling them with mountains of debt. To make…

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How Work Study Works

How Work Study Works

Financial aid comes in several forms and some are more helpful than others. These various aid types are separated into two categories: gift aid and self-help aid. As you can probably imagine, gift aid is the kind you want – it is essentially free money. On the other hand, self-help aid is more than likely what you will receive the most of. Self-help aid is the kind you are expected to work for one way or another. Student loans are perhaps the most well…

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Avoiding FAFSA Fraud

Avoiding FAFSA Fraud

The financial aid process can be a daunting one. It’s often a good idea to seek out help when filing your FAFSA. How you file can be the difference between receiving or not receiving quite a bit of money. More financial aid is (ostensibly) allocated to those who express the most need. It is one of the few instances in which the worse your finances look, the better you are for it. The savvy filer will create the worst possible snapshot of their financial…

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REPAYE: New Student Loan Forgiveness Program

REPAYE: New Student Loan Forgiveness Program

Federal student loans are some of the most forgiving and debtor-friendly loans that you are likely to come across. In spite (or arguably because) of this, student loan repayment has declined considerably over the years. In an effort to combat the problem, the Federal government has instituted plans to make repayment even easier. Student Loan Forgiveness Program PAYE In an attempt to curtail the rise of borrowers failing to repay their loans, the Federal Government created student loan forgiveness programs to aid and incentivize borrowers…

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Student Loan Scams: Why Borrowers Are At Risk

Student Loan Scams: Why Borrowers Are At Risk

Most families know that student loan debt has reached a crisis point. Families also know that an alarming number of students (especially those with graduate degrees) are carrying debt balances in excess of $100,000. Unable to find suitable employment, many are being forced to live with their parents as they struggle to meet their large monthly loan payments. This has created a growing industry of student loan scammers who are promising students that they can have their loans discharged, forgiven, or taken out of default.…

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How Subsidized Loan Usage Limit And Transferring Can Affect Your Eligibility

How Subsidized Loan Usage Limit and Transferring Can Affect Your Eligibility

For many students from middle-income families, at least a portion of their student loans will be subsidized—i.e., interest-free during the school years and for the first six months after graduation. Recently, however, a new rule called the “Subsidized Usage Limit” (SULA) has been put in place to limit those loans.  This, of course, can affect what your students end up paying for their education. Here are the current limits on subsidized loans: Subsidized Loan Eligibility Limits (School Years): Bachelor’s Degree –…

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Common FAFSA Mistakes That Affect Eligibility

Common FAFSA Mistakes That Affect Eligibility

During my past 8 years in Financial Aid, I have seen many mistakes made by parents and students throughout the Financial Aid process.  Many of these mistakes could have been avoided and a lot of time saved if the FAFSA (Free Application for Federal Student Aid) was completed correctly. Submitting a FAFSA that is error free also will reduce your chances of being selected for verification. Here are 7 of the most common mistakes that I have seen. Indicating that…

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Why Net Price Calculators Are Hurting Middle-Income Families

Why Net Price Calculators Are Hurting Middle-Income Families

Getting accurate Expected Family Contributions or EFC estimates are increasingly important to middle-income families trying to budget for college. Families, however, often ask me why the EFC estimates our office provides to them are coming in a lot higher than the estimates they are getting from their college net price calculators. So Why the Discrepancy? To increase transparency of the cost of college, in 2011, the Department of Education required that all colleges place Net Price Calculators on their websites so…

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