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Help Me Understand Financial Aid

Feb 01, 2023

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 and there’s no time like the new year to get a handle on the details, especially with financial aid season on the horizon.



It’s never too early or too late to save for college and other education expenses using 529 savings programs. Here are four tips to add a little holiday cheer to your 529 savings accounts. In addition to saving for college, 529 plans can now be used to pay for some elementary and secondary school expenses, $10,000 worth of student loans, and certain apprenticeship programs.


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.

Maximizing educational ROI boils down to:

  • Minimizing the total amount paid for college (the “cost”), and
  • Increasing the income earned from the college experience (the “return”).






May 29th (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.