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6 Costly Mistakes Parents Make when Saving for College

Parents Saving for College Saving for college is undoubtedly important, but there are right and wrong ways to do it.  Be wary of these six common and costly mistakes that families make when parents are saving for college: Saving for college in your child's name Paying for college with the help of a grandparent or non-custodial parent Using retirement funds to pay for college Not using the financial aid appeals process Not applying to enough colleges Not starting early enough…

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Parent Plus Loan Forgiveness

Parent Plus Loans: What You Need to Know

Why the Parent Plus Loan is not recommended by Financial Advisors Financial Advisors who have not been informed about of all the complexities in the Parent Plus Loan program have hesitated to recommend it as a way to pay for college. There are three important reasons for their reluctance: A loan given without any consideration given to income, assets, or income-to-debt ratio is going to hurt a lot of families.  Even the worst of our subprime lenders prior to the 2008 crash…

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Parent Plus Loan Forgiveness

Can Parent Plus Loan Forgiveness Rescue Some Families from a Lifetime of Debt?

Can Parent Plus Loans Be Forgiven? Unbeknownst to many who are struggling to pay for college, the current loopholes in the Parent Plus Loan rules allow some families to receive full forgiveness on a boatload of college debt.   It’s not a viable strategy for everyone, it’s not a recommendation by any means, and there is quite a bit of controversy surrounding it, but there is a way to banish the bills from your Parent Plus Loan for good. But…

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Css Profile

How To Get Help Filling Out Your CSS Profile

« Learn more about financial aid Applying to college is exciting, but it’s also up there among some of the most stressful things you’ll ever do. Part of the reason for that is the confusing process of applying for financial aid.  If you’re like almost three-quarters of applicants recently surveyed by Citizens Bank, applying for financial aid is even more stressful than applying to colleges! So, if you’re at your wit's end about the aid process, you’re not alone. That…

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Cost Of Attendance

Manipulating the Real Cost of Attendance

  College Cost of Attendance « Learn more about paying for college What if department stores manipulated their pricing systems so that when you checked out, the cost was a complete surprise? Or let’s say you took on a mortgage to buy a house, but at closing the cost was $100,000 lower? It would be hard to budget, hard to compare prices, and hard to plan your life.  Believe it or not, that’s exactly what is happening right now in our college and university system.…

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