Many parents pay for college with a combination of savings and financial aid. Financial aid is money distributed primarily by the Federal government and colleges in the form of student loans, grants, scholarships, and work-study jobs. Loans and work-study must be repaid (through monetary or work obligations), while grants and scholarships do not. A student can receive both Federal and college aid. By learning the basics, you’ll be able to understand how the college financial aid process works, properly fill out aid applications, and compare the aid awards your child receives.Read More
Being able to send your child to college is near the top of the wish list for most parents. A college education can open doors to many opportunities, and is increasingly necessary in today’s economy.
But that diploma doesn’t come cheap!
Start saving for college as early as possible. Ideally, you’ll want to choose a college savings vehicle that offers the best combination of tax advantages, financial aid benefits, and flexibility, while meeting your overall investment needs.Read More