It’s no secret: the cost of college has exploded in recent years and has continued to rise. In 2017 – 2018, the average cost of tuition for a private college or university was $41,727. For a public out-of-state university, the average tuition was $26,010. For a public in-state university, the average tuition was $10,691. This Read More
The cost of attending College continues to increase faster than the rate of inflation. Many of your students want to attend college but don’t have the funds necessary to pay for it on their own. Grants, scholarships, and federal funding can hopefully cover the bulk of the cost but many times it is still necessary Read More
Sixty percent of former college students who are currently repaying student loans are concerned their student loan repayments will cause them to work extra jobs to make ends meet, according to a survey commissioned by Discover Student Loans. This year’s survey examined perceptions about repaying student loans and the impact of repayment on finances and Read More
New America and uAspire have teamed up to create a comprehensive report that sheds light on how financial aid award letters keep students and families in the dark and offers solutions to better inform students about college costs and financial aid. For the report they analyzed thousands of financial aid award letters and found not Read More
Dealing with paying for college can be one of the most stressful parts of family financial planning – it’s no easy feat trying to save money, figure out exactly what you’ll have to pay, and plan for the possible need to take out loans. Families that have more than one child who wants to go Read More
Maximizing college financial aid eligibility for your child can be overwhelming and difficult to navigate. From lowering your “assessable assets” to considering Roth IRAs for summer jobs, here are eight effective college financial aid strategies for getting the most aid out of the FAFSA for your child. 1. Roll custodial accounts like UTMA/UTGA accounts into Read More
As your students embark on their college paths after high school many of their parents will be stressing how to pay for that education. 529 College Savings plans are one savings option they should be considering for those students and any younger siblings they may have. There are some downsides though that they should be Read More
MIC recently published an article that discussed how March s one of the most stressful times of the year for high school seniors as this is typically when they are notified if they have been accepted to colleges they have applied to and also how much financial aid they will be receiving. Some research suggests Read More
Lets face it, many of your students have no clue about basic finance. Math is taught in school but there typically are no classes that cover the basics of life like paying the bills on time, how interest works, balancing the check book etc. There are a few things that parents should cover with your Read More
NACAC has recently launched an E-Learning Center and has put out their first module – Financial Aid 101. It is available to Counselors (who want to brush up on everything related to Financial Aid), NACAC members can take the Course for $100 and for non-members it is $125. Financial Aid 101 includes eight easy-to-use learning Read More
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