How much money should a family borrow for college?
There is no magic formula to determine how much you or your child should borrow for college. But there is such a thing as borrowing too much. We explain in this Question of the Week.
Cash Flow and Student Loan Repayment
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that you should make your student loan payments as affordable as possible without sacrificing other savings, like contributing to your 401(k).stude
Cash Flow and Student Loan Repayment
Chief Investment Officer Troy Harmon, CFA, CVA, is joined by Managing Associate K.C. Smith, CFP®, CEPA, and Associate Michael Griffin, CFP®, to discuss a common situation for young professionals—student loan debt. They discuss repayment options and loan consolidation.
Question of the Week: Can I Refinance my Student Loans?
Henssler Associate Michael Griffin, CFP®, answers our “Money Talks” question of the week, “Can I refinance my student loans?”
Rules on Opening a 529 Plan Account for College
If you have a child or grandchild, you may want to consider opening a 529 Plan for future education costs. We explain the rules in this week’s Financial Tip.
Comparing Financial Aid Packages
With the cost of college continuing to increase year after year, for many families, financial aid can be the deciding factor in whether a child attends the college of his or her choice. We explain how you can compare financial aid packages in this week’s Financial Tip.
Is student loan interest deductible?
You may be able to deduct up to $2,500 each year from your gross income if you’ve paid interest on a qualified education loan for qualified higher education expenses during the year. To be eligible for the deduction, your modified adjusted gross income (MAGI) must fall below a threshold figure. For 2019, the deduction begins…
What You Should Do in The Years Before Your Child Goes to College
In this episode of Planning Priorities, Henssler Associate Melanie Wells, CFP®, shares some financial steps parents can take before their children go to college.
Money Wise: Student Loans 101
In this installment of Henssler Financial’s Money Wise series, Associate Peter Lynch, highlights the true cost of college, loan consolidation and refinancing student loans, and he also explains why you should pay off student loans and save for retirement at the same time.
College Net Price Calculator
If you’re saving for a child’s college education, at some point you’ll want to familiarize yourself with a college net price calculator, which is an invaluable tool for estimating financial aid and measuring a college’s affordability. Available on every college website, a net price calculator gives families an estimate of how much grant aid a…