Monthly Archives: July 2019
Parents Gave Up Custody Of Their Kids To Get College Scholarships
ProPublica and The Wall Street Journal published reports showing some wealthy parents used the strategy to gain tens of thousands of dollars in need-based financial aid. Dozens of wealthy families in Illinois have reportedly been using a controversial tactic to help their children pay for college: They give up legal guardianship so the teenagers can […]
Thousands of California Students Lose Financial Aid in Regulatory Fight
Tens of thousands of students in California enrolled in online classes at out-of-state colleges abruptly lost federal financial aid this week after they found themselves in the cross-fire of a regulatory fight between Education Secretary Betsy DeVos and the nation’s largest teachers’ union. The students who lost their aid are the unlikely victims of an […]
How Summer Job Earnings Affect Your Financial Aid For College
Penalizing working students may sound unfair, but annual earnings are excluded from the financial aid formula — to a point. While you may be working to help pay for college, the money you earn could affect the financial aid you receive. Roughly one-third of teenagers have summer jobs, according to the Pew Research Center. Some […]
Student Loan Crisis: 50 Top Schools That Pay Off The Least
Corrections & Clarifications: Due to a data processing error, Union College and Emmanuel College were included in a previous version of this story. After their removal from this list, Sewanee-University of the South and Hartwick College have been added. Additionally, Wheaton College moved in rank from number 28 to number 21. The growing student loan […]
Student Loan Debt & No Degree: A Growing Epidemic for Students
Most days, 25-year-old Chavonne can push her student loan debt to the back of her mind. Between short-term office jobs in the Washington, D.C., area, she drives for Uber. But once in awhile, a debt collector will get hold of her cellphone number — the one she keeps changing to avoid them — and it […]
How Much Are You Paying For Your 529 Plan? You Might Be Surprised.
Families who purchase a 529 plan through a financial advisor often pay a sales charge in addition to the plan’s underlying mutual fund fees. The amount of commission an advisor earns depends on the mutual fund share class selected within the 529 plan. A Sneaky Sales Practice Advisor-sold 529 plans offered through brokerage firms (Merrill […]
Win The College Financial Aid Game – We’ll Show You How
Don’t Get Beat At The College Funding Game! This information-rich seminar will show you: Ways to send your child to an expensive private college for less than a state school. Methods for picking the right schools that will give you the best financial aid packages. The formula the U.S. Department of Education uses to calculate […]
How to Decide if the August SAT Is Right for You
Taking the SAT in August may make sense for high school students who have a challenging school year ahead. the College Board introduced an August test date for the SAT. This year, the exam falls on Saturday, Aug. 24, with regular registration closing on Friday, July 26. Given that this late-summer exam date is relatively […]
Learn How to Get More Grants & Scholarships! – KRLA WORKSHOP REGISTRATION
Please join us for a FREE Educational College Scholarship and Financial Aid workshop that will focus on college-bound students. There are new FAFSA timelines that your family needs to be aware of! We’ll discuss the financial aid eligibility formula and countless other information you need to understand while in high school, to receive the maximum […]
Aspiring College Students And Their Non-Existent Knowledge About Financial Aid
Total U.S. student debt is $1.5 trillion and counting. High school students know very little about how financial aid works, according to a new analysis. An overwhelming majority of 11th and 12th graders (from 73% to 81%, depending on income group) were unaware that the government will subsidize their interest on qualifying existing loans while they are still in college, […]