Education Credits are for Children? Think Again!
If you think that education credits are just for sending your children to college, think again—the credits are available to you, your spouse, and your dependents.
Net Price Calculators Help Gauge College Affordability
Fall is the time when many high school seniors narrow their college lists and start applying to colleges. To help answer “how much does college cost?” you can use a net price calculator, which is available on every college website.
Student Loan Payment Pause Extended Through January 2022
There have been four student loan payment pauses since the start of the pandemic. The latest pause extends repayment obligations for federal student loan borrowers to January 31, 2022.
Grandparent 529 Plans Get a Boost Under New FAFSA Rules
Grandparent-owned 529 plans were treated more harshly than parent-owned 529 plans on the FAFSA. This will change thanks to the FAFSA Simplification Act that was enacted in December 2020.
Superfunding a 529 plan to reduce your estate
As seen in the Marietta Daily Journal: Bil Lako, CFP®, explains that a couple could fund a 529 Plan up to $150,000 and use five-year gift tax averaging to avoid gift taxes. Click here to read the article.
Superfunding A 529 Plan to Reduce Your Estate
This week on “Money Talks,” the Experts discuss a couple who have a large estate and want to start moving money to benefit their grandchildren but want to avoid gift tax complications. We suggest superfunding a 529 Plan as one option.
4 Key Changes to College Financial Aid and Education Tax Benefits
The Consolidated Appropriations Act included several provisions related to education, including $22.7 billion for colleges and universities and a simplified FAFSA.
4 Financial Aid Myths—Debunked!
Financial aid is essential for many families. Can you separate fact from fiction when it comes to this important piece of the college financing puzzle?
Financial Aid Changes on the Horizon
New changes to the FAFSA, including a significant reduction in the number of questions, will take effect for the 2023-2024 school year.
Student Loan Relief Extended Through End of 2020
Federal student loan relief was extended through December 31, 2020. Additionally, no interest will accumulate on the loans — the interest rate will remain at 0% through 2020.