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Posts about Paying For College

Saving for College in 2018: An Update on Tax Treatment of 529 Plans

What is a 529 plan, and how can it help you and your college-bound student?

According to the Internal Revenue Service, a 529 plan is “operated by a state or educational institution, with tax advantages and potentially other incentives to make it easier to save for college and other post-secondary training.” (See 529 Plans: Questions and Answers | Internal Revenue Service)

In 2015, A+ published an informational article on the benefits of 529 plans for Pennsylvania residents, specifically in relation to state and federal taxes. We thought we would revisit the subject to see what (if anything) has changed in the last three years.

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Posted in Paying for College, Cost of College, Financial Aid

Saving for College: Tax Treatment of 529 Plans

This article contributed by Lesley M. Mehalick, J.D., LL.M of McAndrews Law Offices, P.C. 

The tax deferred nature of a 529 plan can make it a desirable option to assist in saving monies for your child’s future college expenses. This article will provide an overview of the key points for the current Federal and Pennsylvania tax treatment of 529 plans.

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Posted in Paying for College, News, Financial Aid

Three Myths about Student Loans

The following article was written by Blaine Blontz, MBA, www.financialaidcoach.com

We hope you will find this article a good resource as you prepare to navigate the financial aid process. 

With many high school seniors having made the important and exciting decision of where they will attend college in the fall, parents and students alike are looking at the next set of hurdles standing between them and the first semester. One of those hurdles is putting together a payment strategy. Hopefully this includes grants, scholarships and other forms of aid provided by the school. Additionally, families may have education (529s) or other savings accounts to go along with installment payment plans provided by schools. With the rising cost of college, even with the options previously mentioned, many families will still need help financing the college experience.

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Posted in Paying for College, Financial Aid

How Much Does Private College Cost? Perhaps Less Than You Think

When deciding which colleges to apply to, many parents and high school students never consider private schools because they fear they won’t be able to afford the higher tuition. Cost often plays a big part in which schools a student applies to; specifically, it may turn some students away from applying to private colleges and universities that would otherwise be an excellent academic fit. In reality, though, a college’s “sticker price” may not accurately reflect your required financial contribution. So, don’t take private schools off of your student’s college list just yet.

The Higher Education Opportunity Act of 2008 was designed to help families calculate a more accurate estimate of how much college costs by requiring colleges and universities to include net price calculators on their websites. A net price calculator asks families a few questions, then shows an estimate of their tuition payments once financial aid is included. The College Board published a report in 2013 that showed on average full-time undergraduate students at private four-year schools actually pay less than 50% of the published tuition price.

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Posted in Paying for College, Cost of College, Financial Aid

Paying for College

The following is a guest post from our friends at Clarifi College. 

When it comes to college planning, getting in is only half the battle. One of the biggest challenges facing families is figuring out how they will be able to afford their child's college education. Specifically, many families find themselves in a position of uncertainty as to how much aid colleges will offer and how much tuition they’ll have to come up with on their own.

Understanding how to navigate the financial aid process can be time-consuming and, for some, a bit overwhelming. For families who don’t understand their options, they can find themselves taking on more debt than they expected and ultimately facing an unmanageable amount of college debt.

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Posted in Paying for College, Cost of College, Financial Aid

Five Steps to Navigate College Savings and Financial Aid

By Blaine Blontz, MBA

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Posted in Paying for College, Financial Aid

The Real Cost of College: Are Elite Colleges More Affordable than Assumed?

Figuring out the real cost of college is not an easy task for students and families. Though most universities have adopted some kind of a net price calculator to help students estimate college costs, many times families tend to only see the “sticker price” of the school.

According to David Leonhardt’s New York Times blog post, “Getting a Clearer Picture of College Costs,” many students have a better chance affording top tier colleges than realized due to false assumptions of college costs.

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Posted in Paying for College, Cost of College, Financial Aid

June 2011 Newsletter

In this issue:

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Posted in Learning Disabilities, Paying for College, News

Making College Affordable: Tips and Information for Families

How do colleges determine financial need for a student and their family? What are my options as a student or as a parent? Join us for expert educational advising about current trends in college admissions and financial aid and learn how to set yourself up for the best financial and educational success.

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Posted in Paying for College, Educational Reference, College Admissions, Financial Aid

December 2010 Newsletter

Top Ten Things Colleges Look for in High School Students

A list of the top ten qualities and experiences colleges look for in applicants. This list was compiled by the Independent Educational Consultants Association, based on a 2010 survey of member consultants.

Net-price Calculators: Determining College Costs

Starting in the fall of 2011, the federal government is requiring all U.S. colleges to include a tool called a net-price calculator on their websites. The goal of this new initiative is to make the financial aspect of attending college more transparent and to make it easier for families to compare the cost of attending one institution over another.

CISV: Children's International Summer Village

If you are looking for something unique for your child to get involved in this summer, consider CISV (an acronym for Children's International Summer Village), a unique educational program that has been in existence since 1950.

Free Proctored ACT and SAT Exams

Date:
Saturday, January 22, 2011

Locations:

St. Paul's Lutheran Church
120 N. Easton Road
Glenside, PA 19038

AND

Penn Wynne Library
130 Overbrook Parkway
Wynnewood, PA 19096

Keystone Exams: A Primer

In just four years, beginning with students in the classes of 2015 and 2016, Pennsylvania will institute new high school graduation requirements that include the use of newly developed end-of-course assessments called the Keystone Exams.

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Posted in Educational Trends, SAT, Paying for College, Test Prep, News, ACT

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