Planning for college is a complex process, and that’s even more true when you’re hoping to be a college athlete. It’s a good idea to start the process as a high school freshman, meaning you’ll need to decide early on if this is truly the path you want to take and what you’re willing to do to achieve your dream.
By DANNIE PHAN
A study by Morningstar found that losses particularly affected families with younger children who opted for age-based investments heavily weighted in stocks.
By ANN CARRNS
It will drop to 2.75 percent for new loans for undergraduates. That’s a “silver lining” of the current economic turmoil, an advocate said.
By ANN CARRNS
It’s an admissions season unlike any other, with uncertainty for students and their families — and the colleges that want to get them in the door.
By RON LIEBER
A GROWING NUMBER OF grandparents aren't just interested in saving in their retirement, but are using their finances to support family members – which in some cases includes paying for a grandchild's college expenses.
Which of the two popular college savings accounts is best for you?
When it comes to saving for college, Americans have many possible choices. You can invest money in a brokerage account, save money in a checking, savings, or CD account, or you could even plan to use some of your retirement savings. However, there are two main savings vehicles specifically intended for college savings: the 529 savings plan and the Coverdell Education Savings Account, or Coverdell ESA
Paying for college in the U.S. can be a confusing process. You don't know exactly how much it's going to cost until you receive the financial aid award letter from the school. Even then, you have to decipher a list of grants, scholarships, work-study awards, and loans in order to understand what you owe.
15 facts about Financial Aid
If your child is heading to college soon, you’re probably wondering about financial aid eligibility. Each year, more than $120 billion in federal student aid is awarded to more than 15 million students who want help paying for college. Yet the financial aid system is so complicated that many families end up making costly mistakes on their applications.
IT STARTS WITH THE excitement of being accepted to college, and then the admissions packet arrives with the cost of attendance – which can be a hefty amount if the family doesn't qualify for financial aid.
By Abigail Hess
In 2008 - 2009 school year those costs were $38,720 at private colleges and $16,460 at public colleges.
Today, those costs are closer to $48,510 and $21,370, respectively. That means costs increased by roughly 25.3% at private colleges and about 29.8% at public colleges.
The COLLEGE DECISION NAVIGATOR is a 58 page PDF document that contains the step by step process for every area of the college planning process.