Review Category : College

7 FAFSA Mistakes That Could Crush Getting FREE Money

In many parts of the country kids are already back at school and the rest of the children will be starting right after Labor Day.  While the college football season is kicking off, most families don’t realize that applying for free financial aid is literally right around the corner for 2018.   The problem is that most people don’t understand how the process actually works and often sell themselves short of getting free money that could help offset the growing cost of college.  Here are seven mistakes that could crush your ability to get free money for 2018. Fill out the FAFSA form on October 1st – If you are interested in getting the most possible money from the Free Application For Student Aid, then you must fill out the forms by October 1st.   Some of the financial awards are issued on a first come first serve basis, so when you fill out the form matters.  Some states and some colleges ...

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How To Get That College Graduate Out Of The House

Now that your baby is all grown up and has an official college degree, your responsibilities have ended, right?  Wrong!  Your son or daughter has informed you that that they will be moving home after college while they prepare themselves for their next phase in life. According to The Guardian, almost a third of Italian adults (31%) live with their parents.  The highest proportion was amongst 18 to 29 year olds for whom unemployment is particularly high with 60.7% reported living at home.  Are we taking over the Italians?   Last year, NPR reported that a whopping 32.1% of kids aged 18 to 34 were living at home with Mom and Dad. Here are four tips to get that college graduate off the couch and launching into real life. Use Social Media…Yes, Social Media – In order to get your college graduate up and working in a real job, you have to make them treat getting a job like a job. ...

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One BIG 2017 Georgia 529 Plan Change For College

As the cost continues to rise for college education, the state of Georgia is stepping up for the residents of Georgia and offering a new increased tax deduction that can really help Georgia taxpayers. All Georgia single taxpayers may deduct up to $2,000 each year on behalf of any beneficiary regardless of their annual income. Beginning with returns filed in 2017, all Georgia joint taxpayers may now deduct up to $4,000 each year on behalf of any beneficiary regardless of their annual income. Please note that a transfer of funds from another state’s 529 plan is not eligible for the Georgia income tax deduction. Georgia tax forms refer to the Path2College 529 Plan as the “Georgia Higher Education Savings Plan” (GHESP); the Path2College 529 Plan is established by the GHESP. Contributions made during the tax year, or before the following year’s federal tax filing deadline are eligible for the deduction. State tax benefits offered in connection with the Path2College 529 ...

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VIDEO: What To Do With FAFSA?

Most people relish the idea of figuring out how to get some free aid to help their families when it comes to taking care of college education. However, year in and year out, families make multiple mistakes when it comes to filling out the Free Application For Student Aid (FAFSA). This year, FAFSA has made multiple changes that need your attention to ensure your family has the best opportunity to reach your goal of getting some cash. Here are the smart money moves you need to know… Read Full Article at: http://bit.ly/2f1M7jN ...

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Five Important Things You NEED To Know About FAFSA

Most people relish the idea of figuring out how to get some free aid to help their families when it comes to taking care of college education.  However, year in and year out, families make multiple mistakes when it comes to filling out the Free Application For Student Aid (FAFSA).  This year, FAFSA has made multiple changes that need your attention to ensure your family has the best opportunity to reach your goal of getting some cash.  Here are the smart money moves you need to know: The Start Date Is Much Earlier Applications officially can be filed October 1st – January 1st This is a permanent change within the FAFSA system. It Will Much More Simple For Pulling Tax Information FAFSA will now use a ‘prior-prior’ method. This means that they will really be using two years prior to give everyone a chance to fully complete their tax extension. Students applying for 2017-2018 tax year which would be the ...

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Why Do College Education Costs Defy Gravity?

In the homes of parents today in their 40’s and 50’s, the debate about how to pay for the rising cost of college has become the topic of conversation.  It isn’t just the fact that while the Government says inflation remains really low, most parents are experiencing that cash flow management is becoming more of a problem than asset management.   So, why do college education costs continue to defy gravity in this low inflation environment. More Non-Teaching Jobs – Higher education payrolls have also been rapidly adding more non-teaching jobs in recent years. Public and private colleges and universities expanded their payrolls by 28 percent between 2000 and 2012, more than 50 percent faster than the previous decade, according to an analysis of higher education staffing by the Delta Cost Project. There are more student programs offered on big campuses, continuing to increase the necessity of these non-teaching positions. Competition For Talent – Ultimately, price is dictated by the law ...

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Six Gifts Under $100 For The College Graduate

With high school and college graduation right around the corner, one of the big questions you may be asking to what to buy your graduate on their special day.  You can certainly splurge on a fancy dinner, but there are some really cool ideas out there for less than a $100.  Here is my short smart money moves guide to graduation day. Get Them A Budget- www.youneedabudget.com (YNAB) will only cost you $60, but could help your graduate save thousands for the years to come.  Think about whether or not you want them to me moving home.  The sooner they learn good budgeting habits, the better of you will be. Netflix Subscription- There are all kinds of different subscriptions you can get including Amazon Prime, but if since many young adults are skipping TV altogether, this can be an excellent low cost idea to give them for their first real year on their own. The Dollar Shave Club- For just ...

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How To Survive Planning For Retirement and College At The Same Time

For Baby Boomers and Gen X’ers the quandary that faces them smack in the face is the juggling act of planning to pay for their kids’ college education while also socking money away for retirement.   Was it that 25 years ago this was an easy task or has the never ending spike in college education costs officially pressured parents in the corner of their financial house?  While these waters are tricky to navigate, here are my four smart money moves to stay on the balancing beam of this difficult financial routine. Set Realistic Goals- This is probably the single most important step in the routine.  You must sit your children down and be absolutely transparent around what is and what is not possible for your financial situation.  Don’t get their hopes up to attend an out of state private college institution if you know that you cannot afford it or it will cost them an arm and leg for debt.   ...

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What Is The Best College To Go To In The Future?

Overview I have been asking for years in my ‘your smart money moves’ column if we could really put a monetary value on a college education.  The great debate over public school vs. private school on the high school level will continue because there isn’t a ton of empirical data, but thanks to our friends at PayScale (www.payscale.com), there is beginning to be a lot more evidence around what school really delivers a bang for your buck.   We all know that past performance cannot be a guarantee for the future, but there is a set of trending data that makes it interesting to see what schools in the future will deliver you return on your investment if you choose to take out student debt or your parent’s fork over the cash for a college education. PayScale provides a forecast for the financial return on investment (College ROI) for a bachelor’s degree at public and private colleges through the year 2025. ...

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What Every Student Needs To Know About Student Loans As They Graduate

Now that the graduation speeches have commenced, many college graduates will be embarking on their 1st job in the official workforce.   According to the USA Today, student loan debt has increased a whopping 84% since the 2008 recession and has now exceeded more than 1.2 trillion dollars.   With the average student debt payment around $280 a month, here are some facts and figures all students should know about their student loans as they graduate. Know Your Grace Period This is how long you can wait for repayment although you can start repaying automatically Six months for Stafford Loans Nine months for Federal Perkins Loans Other loans such as PLUS loans will vary loan to loan Understand Your Loans National Student Loan Data System (www.nslds.ed.gov) will be the central place to look at all of your loans Determine your federal loan balance Track down all private loans so you can compile one master loan spreadsheet At some point, you might consider ...

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