An easy way for you to cut your college costs can be as easy as depositing money into a 529 account for  just 24 hours. After moving money into a 529 account, many savers can quickly turn around and withdraw the cash to pay for their child’s college tuition and other qualified expenses. Here’s why you would want to make...

Upcoming changes to the Free Application for Federal Student Aid (FAFSA) will make it easier for grandparents, aunts and uncles, godparents and anyone else outside the nuclear family to help with college costs without hurting eligibility for financial aid. Before explaining the change, it’s important to understand what the situation is right now. Currently, parents are supposed to share on...

In my last college blog post, I wrote about the pros and cons of applying to college early decision. Here is more to consider before you apply early decision or early action to college: 1. While students who apply early decision to a college must promise to attend the school, as a practical matter, a college can’t force an accepted...

Applying early decision to college is often a highly effective way to increase the odds of getting accepted at many schools that offer this admission option. At plenty of colleges, applying early action can also boost admission odds. Not surprisingly then, teenagers are increasingly applying early decision and early action to schools and the pandemic helped escalate this trend. Applying...

I’ve read many college essays over the years and the vast majority of them have been b-o-r-i-n-g. Unlike a great college essay, the bad essays have been guilty of one or more of these essay no-no’s: 1. The college essay lacked details. 2. The admission essay didn’t convey the student’s voice. 3. The essay covered too much territory. (Writing about...

Plenty of parents worry that their home equity might hurt their child’s chances for financial aid. Luckily, at most state and private colleges and universities, the equity in your primary home is a non-issue. That’s because most schools only require families to complete the FAFSA (Free Application for Federal Student Aid) when applying for financial aid, which doesn’t even ask...