My College Corner Blog

Celebrate 529 Day and Move Your Higher Education Goals…

May 04, 2022

May 29^th (5/29) is National 529 Day and by extension May is frequently known as 529 Month, both great reminders and opportunities to save and invest for college. But remember, as May comes and goes, every month is a good time to save for college. Getting started, saving systematically (month over month), and putting time on your side are the keys to achieving your college savings goals and fulfilling your higher education dreams. Even small contributions made consistently can make a big difference over time and reduce your reliance on borrowing.

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What to Do with a Lousy Financial Aid Package

Apr 20, 2022

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What to Do with a Lousy Financial Aid Package

Apr 20, 2022

The excitement of a college acceptance letter can be quickly replaced with anxiety if the financial award (a.k.a., the Package) is a bust. Here are some tips to evaluate the Package and what to do if it falls short.

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Financial Aid 101: How much did you get?

Mar 25, 2022

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Financial Aid 101: How much did you get?

Mar 25, 2022

College admissions decisions are arriving – a joyous time for students relishing their success. A disappointing moment when dream schools say no. No matter which, these emotions will soon be overrun by the reality of making a school choice. And then figuring out how to pay the coming college bill. Lurking under it all: how much student loan debt will be required to get to graduation?

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The 529: 5 Great Reasons for College Savings

Mar 02, 2022

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The 529: 5 Great Reasons for College Savings

Mar 02, 2022

It’s cheaper to save than to borrow:

Regarding college expenses, today’s environment is much more multidimensional than the old maxim of “a dollar saved is a dollar earned”, as many utilize student loans to cover the rising cost of higher education. Having to borrow becomes a much more costly endeavor long term, whereas savings is a more attractive option. For example, saving $100 per month averaging a 4% rate of return compounded annually over 18 years would produce about $31,437.

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College Majors and Return on Investment (ROI)

Feb 09, 2022

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College Majors and Return on Investment (ROI)

Feb 09, 2022

As college costs increase and student debt rises, you are likely thinking about your return on investment in college and asking if it is worth going to college.

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Benefits of a 529 Plan

Jan 19, 2022

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Benefits of a 529 Plan

Jan 19, 2022

There are many benefits provided through a 529 plan making it a go-to option for college savings. Here are some key reasons why so many families choose the 529 as a savings vehicle for college.

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Help Me Understand Financial Aid

Jan 07, 2022

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Help Me Understand Financial Aid

Jan 07, 2022

Paying for college can be overwhelming. Knowing the options and identifying sources of money for your family to pay the college bill is half the battle.

For most families, the options to pay for college boil down to:

Saving
Borrowing
Getting financial aid

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Increasing ROI on Your Investment in College

Dec 16, 2021

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Increasing ROI on Your Investment in College

Dec 16, 2021

Calculating a precise Return on Investment (ROI) of a college degree is less important than taking actions that will result in better returns. We can put the calculator away and think simply about how to increase the Return on Investment for education.

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Choosing an Affordable College Can Eliminate Student Debt

Nov 24, 2021

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Choosing an Affordable College Can Eliminate Student Debt

Nov 24, 2021

High school seniors are now filling out college applications. Some students have the college of their dream in sight. Others will have to make a tough choice about which college they will attend.

So, how should families wade through emotional connections to certain colleges and make a decision that is rooted in logic?

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Here’s what you need to know about the current…

Oct 27, 2021

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Here’s what you need to know about the current…

Oct 27, 2021

This article will:

Tell you why filing the Free Application for Federal Student Aid (“FAFSA^®”) is important no matter what your family income may be,
Discuss the Academic Year 2022-2023 FAFSA^® form, and
Outline the likely changes to the FAFSA^® form to be used in 2024-25

If you want to skip right to the finish line to get an estimate of the amount of financial aid you might eligible to receive, use this free Financial Aid Estimator.