Tag Archives: financial planning

FAFSA, financial aid, financial planning

FAFSA WEEK: 10 REASONS TO FILE

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fafsa

The FAFSA for the 2021 school year will be available on October 1. The earlier you file, the better your chances of getting some of the money colleges allocate for financial aid. In order to help parents understand the FAFSA and answer some of your questions, this week is FAFSA week.

Surprisingly, many families don’t even take the time to complete the FAFSA. The most common reason is they believe they won’t qualify for financial aid; but nothing could be further from the truth. Most students receive some form of financial aid. If you don’t file, you could be missing out on some of that aid.

Here are 10 reasons to file the FAFSA:

1. College is expensive

Even if you can afford to pay for your child’s education, it’s expensive. Why would you pass up an opportunity to help with some of the cost?

2. It’s FREE

That’s right. It’s completely free to complete the FAFSA. You’ll spend some of your time completing the FAFSA and you could get thousands of dollars of financial aid in return. So one could say, it’s BEYOND free–they pay you!

3. Getting help is easy

If you get stumped, help is available. You can use the online help tool, submit a question on social media, or call the help number. You can even access the Help Center where you will find answers to their most-asked questions. Many schools even host a FAFSA day where they offer help to parents and students on how to complete the free form.

4. FREE money could be waiting for you

According to a recent Reuters article, about 1.8 million lower income undergraduates who might have qualified for aid neglected to file the FAFSA and missed out on financial aid. No matter what your income level, you should file the FAFSA because there is more money out there to be awarded than just need-based aid.

5. Federal aid

The federal government provides over $80 billion dollars in grants, loans and work-study programs every year. The only way to get Pell grants, , Stafford loans, Parent PLUS loans and other federal aid is by submitting the FAFSA. Federal loans offer the best interest rates and repayment terms for student borrowers and are superior to private student loans.

6. State aid

FAFSA is the gatekeeper for state financial aid programs. Each state’s programs are different but they all require the FAFSA to distribute the funds. Check with your state’s higher education agency for deadlines and requirements. In some states the financial eligibility ceilings are much higher.

7. Institutional aid

Colleges and private scholarship sponsors offer billions of dollars in financial aid. Even if you don’t have financial need, you may be eligible for these awards. Some school and private scholarship programs are specifically designed for students who were rejected by federal financial aid. Some schools will not award merit aid unless you complete the FAFSA.

8. Scholarship applications ask if you’ve applied

In addition to the aid that a student may receive from federal and state agencies, many scholarship applications include a box to check asking whether the student has submitted a FAFSA. According to Monica Matthews of How to Win College Scholarships, “Scholarship providers want to know that the student is doing everything possible to get financial help in paying for college and submitting the FAFSA is a very important step in the process.”

9. You have two or more children in college

With two in college, your expected family contribution (what the parents can afford to pay) drops by 50%. Even if you didn’t get financial aid with the first, file the FAFSA because having a second child in college can net you some financial aid.

10. You want to claim a “piece of the pie”

Look at it this way: FAFSA is the ONLY way to be considered for federal, state and college financial aid. Even if you don’t NEED the aid you still want to get it. Who doesn’t want FREE money?

college planning, financial planning, parenting

Saving Money on College Costs

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During these tough economic times, parents are committed to saving money on college costs. College tuition rises each year and there is little you can do about it; but there are other places that small savings will add up. Tuition will definitely be the huge chunk of your expenses. However, there are other expenses related to college where you can find some costs savings:

The expenses that cost the most

  • Computers—In today’s technological world a computer is no longer a luxury, it’s a necessity. When your teen goes off to college, they will need their own computer. Personally, I recommend a laptop instead of a desktop. Since it’s portable, they can take it with them to class, to the library, and to group meetings. To save some bucks, shop online for refurbished or even last year’s models. If you buy online, consider purchasing a service contract to go along with your computer purchase (Note: This will pay for itself—I learned from experience!)
  • Dorm furnishings—Most dorms come furnished with a bed, a desk and some sort of dresser. Beyond that, it’s up to you and your teen to decide what additional furniture and accessories they want. My recommendation is to buy used. You can find everything from small appliances (microwaves, coffeemakers, etc.) to furnishings (bookshelves, chairs and lighting) on Craigslist, Ebay or at local thrift stores. Be careful not to overload the room because they are traditionally small.
  • Room and board—Room and board can be a huge portion of your teen’s college expenses. One option is to live at home if the college is within driving distance. Another option to save might be to purchase a home near campus and rent it out to other students, allowing your teen to live in it. Not only will this save you on room and board, but it will also provide you with an investment and tax write off as a rental. However, make sure the home is zoned as rental property. And here’s one of the best savings of all: after freshman year, your teen can apply to become an RA (Resident Assistant) in one of the dorms, which will provide you with a huge break on room and board costs.
  • Meal plan savings—Most freshmen are required to purchase a student meal plan. But, there are usually options available. My recommendation is that unless your teen is an athlete with a large appetite, the full meal plan (3-meals a day) is costly and you will not get your money’s worth. Opt for the 1 or 2 meal a day plans. Most freshmen eat takeout with friends, microwave food in their rooms, skip meals periodically, and snack voraciously. Providing them with an in room fridge and microwave will save you some bucks in the long run.

Textbook savings

College students can spend nearly $1000-1500 a year on new textbooks. The good news is that you don’t have to spend that kind of money if you don’t want to. If you can, prior to the beginning of each semester, find out what books your teen will need (title, author and ISBN, or international standard book number). Then get busy and here’s a word of extra advice: DON’T WAIT UNTIL THE LAST MINUTE! (Note: Look at my List of Website Links in the Expert Links for all the links related to Textbooks)

  • Buy used–Never buy new textbooks if it’s possible (unless you are a fan of throwing money away). Used books are just as sufficient. Most students use their textbooks only while they are in class and end up selling them back to the bookstore at an incredibly reduced rate. (Many times the bookstore won’t buy them back because the professor changes texts or the textbook has been updated). You can easily find used books online at discounted prices and your teen will arrive on campus with their books in tow and won’t have to fight the last minute panic rush.
  • Try renting–There are numerous websites available that offer textbook rentals to students per semester. This is a fairly new concept, but seems to be taking off as more and more sites pop up offering this option.
  • Purchase Ebooks–Consider purchasing electronic textbooks. With the recent introduction of the new Kindle College version, your student can download their textbooks and carry all of them with them. Without purchasing a Kindle, they can download the ebook versions and store them on their laptop for easy access. These versions are typically 50% less than the printed text version. The only downside is that not all textbooks are offered in ebook format.
  • Share books–After freshman year, my daughter shared textbooks with her roommates. It was a huge cost savings. They were usually taking some of the same classes and would get together before classes began to discuss who would purchase which textbook. If your teen is a freshman, the likelihood of having the same courses as their roommate is extremely high. Sharing the book will save both of them money in the long run. There is also the option of using a library copy.
  • Look for free books–There are a few sites that offer free downloads of some electronic texts. Before you purchase, visit those sites to see if any of the books you need are listed and downloadable.
  • Evaluate the necessity—Do you really need the textbook? Wait a few days into class and get a feel for the professor. If he or she states that the tests will cover lecture notes, then consider not purchasing the book. Worst case scenario you can borrow one from a classmate if you truly need it or find a copy at the library.

The small things add up

It’s amazing how those little expenses can add up: gas, takeout, necessity items. But just as little expenses add up, small savings add up as well and you will be saving money on college costs.

  • Ditch the car–Many campuses don’t allow freshmen to have a car on campus. But if your teen opts to live on campus and the college allows cars, consider ditching it. Everything your teen needs can be found on campus. And many colleges offer student transportation at very inexpensive rates if they need to leave campus or there is always the option of purchasing a monthly bus pass. In emergency situations, one or more of their friends will usually have a car that they can use or will offer to drive them.
  • Use the student ID card for discounts–Most fast food restaurants and local eateries offer discounts to students with campus ID’s. Those small 10-15% discounts can add up.
  • Finish in 4 years or less–Encourage your teen to stay on track and finish in 4 years or less. Most financial aid packages are only good for 4 years. Staying an extra semester will tack on additional expense and is not necessary since most degree plans can be completed in 4 years.
  • Use family insurance coverage if allowed–Some colleges charge students for health plans. If you have a good family health plan, and the student insurance duplicates what is already covered, get any charges waived.
financial aid

Why Complete the FAFSA?

FAFSA

October 1 is on the horizon and that means the FAFSA will be available for students to complete and file. Believe it or not, many students don’t bother completing it and that’s a decision you and your student might regret.

According to the National Center for Education Statistics, Only 65% of high school seniors complete the FAFSA, Why don’t more fill it out? Most either can afford college without financial aid or think they won’t qualify for financial aid. Other reasons include a lack of information — and just planning on skipping college entirely.

FAFSA

Completing the FAFSA is an essential step of the college application.

Why bother completing the FAFSA if you don’t need financial aid?

Even if you and your student can afford to pay for college, why would you pass up free money? Colleges use the FAFSA when distributing merit aid and even some private scholarships require a completed FAFSA.

If you need financial aid, how can completing the FAFSA help?

If you need some form of financial aid to pay for a college education, you MUST complete the FAFSA. In order for students to qualify for federal student loans, state loans, and work-study, they must submit the form. The FAFSA is also required if you plan to take out a Parent PLUS loan to help your student pay for college.

In addition, many students are eligible for federal Pell Grants. High school graduates who didn’t complete a federal financial aid application missed their opportunity for part of $2.6 billion in free money for college, according to NerdWallet’s annual analysis of federal financial aid data.

The money went unclaimed by 661,000 members of the Class of 2018 who were eligible for a federal Pell Grant but didn’t complete the Free Application for Federal Student Aid, or FAFSA.

How much time does it take to complete the FAFSA?

The FAFSA has over 100 questions, which can take anywhere from a half hour to an hour to complete. According to data compiled by Finder.com, new applications less than an hour, averaging 35 minutes. Renewing your application takes even less time — 23 minutes on average. Filling out the FAFSA for the first time takes the longest since you need to fill in answers for each required question.

The bottom line: complete the FAFSA. It doesn’t take that long and most students qualify for some form of financial aid. That doesn’t mean you have to accept it, but why not have that option? And you certainly don’t want to miss out on some of that FREE money!

 

financial aid, financial planning, student loans, Uncategorized

Paying for College: Borrow Wisely

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borrow wisely

I received an email from a concerned parent whose student was going to be attending orientation next week. In the email, he confessed that he might need some help with information regarding financing his son’s college education. I was surprised that he waited so long. Unfortunately, I had to advise him that at this point his only options were private loans and advise his student to apply for scholarships over the summer.

Parents should consider college funding even before their student applies to college. The inevitable result of lack of planning is parents and students borrowing to pay and usually borrowing more than they can repay after graduation.

What do the statistics say?

With school starting shortly, student loan borrowing often appears in the news. It’s especially prevalent now with presidential candidates promising to erase student loan debt. Wherever you stand in the political landscape, it’s clear from the statistics that students have borrowed more than they can repay.

According to a 2018 report by the Federal Reserve Bank of New York, as many as 44.7 million Americans have student loan debt, that’s one in five adult Americans. The total amount of student loan debt is $1.47 trillion as of the end of 2018 — more than credit cards or auto loans.

How do you make wise financial choices?

Before applying to college, you and your student should investigate the cost. You can gather the information either on the college website or by using College Navigator. When viewing these figures, you should also research the college’s financial aid statistics—what percentage of students are awarded aid, how much aid is awarded and how much do students typically borrow. Since every family’s financial situation is different, these figures should help determine if the college is affordable to attend.

How does financial aid play into the equation?

If you complete the FAFSA, your student will receive some form of financial aid. The most common is student loans, but colleges also award grants and merit aid as well. Always complete the FAFSA, even if you don’t think you will qualify for aid. Colleges use the information on the FAFSA when awarding scholarships and grants. No FAFSA, no aid.

What’s the key to avoid borrowing too much?

Use repayment calculators before you sign on the dotted line. The rule of thumb is that students should only borrow as much to pay for college as their first year’s salary. By keeping your debt under one year’s salary, you won’t have to put more than about 10% of your income towards student loan payments. Borrowing more than your student can afford to repay sets them up for overwhelming debt after graduation. Your student can look at salary comparisons for their anticipated career at PayScale.com.

How can you avoid borrowing to pay for college?

The key to not borrowing to pay for college is to receive merit aid, grants, and outside scholarships. Your student should apply to a college at the top of his or her applicant pool. This means the college will be more likely to award aid to attract your student. Grades and standardized test scores are also a key factor in awarding aid. Your student should focus throughout college to pursue excellence in these areas. And, don’t forget outside scholarships. Your student should focus time and effort in applying to every scholarship he or she qualifies for. This means starting early and planning to submit the best application. Click here for scholarship application tips and see how your student can win enough money to pay for college.

Finally, borrow wisely. Only borrow what you need. Your student can borrow the maximum amount, but only borrow what is necessary. Just because you can, doesn’t mean you should. Choose the loans with the lowest interest rates first.

financial planning, how to

How to Save for College: A Numbers Game

 

save for college

There’s no doubt about it – college is a huge investment for you and your kid. Not only will you need to save up to cover the fees, you will also need to save to cover living costs as well. Many parents start saving when their children are at a very young age, but for many families, this is simply too much financial pressure.

The reality is that for many families beginning to save can only really happen a couple of years in advance when it becomes clear that your kid is heading for a college education. While many colleges offer substantial awards to help you, and student loans are available, if you want to make the most of the opportunity, it is best to save as soon as you can.

College Saving Plans

If you know that your kid will want to go to college in the future setting up a savings plan like a Roth IRA or a 529 College Plan will be a big help later on. There are also several other saving plans you might like to consider. These savings accounts work well because you can contribute any after-tax money and withdraw it tax-free when you are ready to start paying tuition fees.

These plans are also great because family and friends may also contribute funds (though there may be a small charge). This means that over the years, they can give you a helping hand to get your kid to college.

Investments

Investments can vary in risk and type and some may be quick while others are very much as slow burn. However, if you do already have some savings, finding the right investment could see a good return that will give your savings a boost.

Stocks and shares are quite volatile at times but they can be a good option for faster saving. You can also utilize covered calls to make the most of your current investments. You can read more about the basics of covered calls online, but essentially they are a kind of feint that protects your current investments while leaving an opportunity to profit open.

Side Hustling

It might sound terrible, but side hustling is a kind of job you can do in your evenings and weekend to make a little extra cash. There are lots of things you can side hustle and one of the most popular is blogging. All you need to do is pick a topic you find interesting and set up your page. Then, you can partner up with affiliates who will pay to post on your blog. It takes time to set up but can be a very easy side hustle once you get going.

Crafts are another popular side hustle and creating drawn versions of photos is very popular. Plus, if you are already crafting, it makes sense to sell your creations on sites like Etsy to make a small profit.

It’s never too late to start saving and even a few hundred dollars will help more than you think.

college costs, financial planning

Preparing for the High Cost of College

 

high cost of college

It’s no secret that college is expensive, and most parents will spend their working lives post-children saving for it. Unfortunately, there are no fixed costs when it comes to college, and fees and other expenses can rise and fall in line with the economy. Knowing what to expect when it comes to college expenses will help you and your child be prepared for the high cost of college, as well as be able to budget.

The rising cost of college

The cost of college has risen in recent years, and the same applies to universities all over the world. If you Google ‘the cost of college,’ you could be in for a bit of a shock. According to Forbes, going to an elite college could cost as much as $334,000 ($68,000 a year) by 2018, with four years at a public college costing up to $28,000 a year and private colleges $59,000 a year. While college has always been expensive, you might not have been expecting costs to be this high.

Housing

Some college fees will include the cost of housing and meals that make it easier for you to work out how much you’ll be paying for the basics. On average, you could expect to pay between $8,000 and $11,000 a year for this – depending on whether you go to a public or private college. If you choose a meal plan, this means you won’t have to worry about how your child will eat for the next four years when you say goodbye and can feel happy knowing that this has already been covered.

Housing costs, of course, can vary, and if your child is paying these costs themselves, they may not necessarily want to live on campus. Off-campus housing can often be cheaper, as there is a wider choice of properties available that they could share with friends and fellow students during their time.

Books

Books are another cost that can be unexpected when your kid goes to college. Book costs will vary depending on what they choose to study, but the average is around $1,200 and up to $200 a book. This is of course if you buy all of the books brand new, which is unnecessary in most cases.Many textbooks can be accessed online, and most college libraries will carry the books you need if you can get your hands on them.

Computers

Computers and other equipment are other costs you’ll want to factor in when working out the total cost of college. While it’s likely your child already has a laptop, it may be due for an upgrade by the time they leave for college. A laptop should last the four years of college, although it might be wise to invest in some insurance as well in case of theft or accidental damage. Another idea is to lease a laptop as a way to save money and to get an upgrade after two years without spending much more than it would have cost to buy the computer outright.

Entertainment and other expenses

Entertainment is another cost that will need to be factored in and might be where you draw the line at what you’re willing to pay for as parents. There are many hidden costs of going to college, including laundry and nights out. For these expenses, your child may need to consider a part-time job, or you could set them a monthly budget for these costs. This is the part that will teach them the most about managing their own money, and if they want to enjoy a more active college lifestyle than you are willing to provide – they will need to think about how they’re going to cover those costs.

Financing college

There are many ways you can finance college. While many colleges will offer a scholarship with their acceptance, you need to be prepared for the possibility that they may not. You can find ways to fund college without a scholarship and might want to consider grants, loans and payment plans to cover it.

For many parents, funding college will come out of your income. This will mean certain sacrifices while your child is at college such as vacations, a new car or home improvements. If things get tight, you might need to seek options for a larger payday from time to time. It might be a tough four years, but it will be worth it when your child earns their college degree.

Going to college is a huge achievement for your child, and for you as parents. The cost can be worrying, but there are other parents in your situation who have survived and made it through. Once you’ve worked out how to pay for college, you can look forward to this special time in your child’s life knowing that you’ve been able to help them on their way.

financial planning

Finding the Right Financial Strategy for your College-Bound Student

financial strategy

Parents have tough choices to make deciding on their financial standing when sending their kids to college. How much help should they offer? How do they make sure that their children learn financial responsibility? What is the best financial strategy?

Here are a few possible answers.

Paying for your child’s college is a good idea if you can afford it

Various positions exist on how fair it is to expect parents to pay their children’s tuition. Some experts point to the fact that college isn’t an essential because success is possible without college. Some believe parents should only be expected to pay for essentials. Those in favor of having parents pay point to the unfairness of the high cost of education today, and the terrible financial burden that loans place on a student.

Whichever side of this debate you may stand on, there are a few things to understand. College is a wise choice if the career that your child has in mind does require college. If it does, it is an essential, not a luxury. Ultimately, it is the parents’ choice on whether to provide support or not.

It is also important to understand that supporting a child through college doesn’t amount to coddling or spoiling them. The idea should be to pay as much for your child’s college as you can afford, without putting your own retirement into jeopardy. If you can only pay for tuition but not for board and lodging, that’s what you should pay. Encourage your student to contribute to the cost by working during school, breaks and during the summer.

Give your child a monitored credit card

Letting your kids have a credit card in college can be a risky choice because many have no idea how to use their newfound independence in a responsible way. They may go out and blow everything they have on the card.

A credit card with a low spending limit, however, can be a good idea. It’s when your kids blow their money and scramble to understand what they did wrong, that they begin to learn about how money works.

There are upsides to owning a credit card, too. As long as the card is in your child’s name, they will begin building credit, an important thing for when real life begins four years down the line.

Teach financial responsibility

Heart-to-heart talks about how money works are a part of gaining an understanding of money. You should talk to your child about savings, investing, payday loans, how banks and credit cards can help you with consolidation, how compound interest works and so on.

Talks are important because far too many young people go out into the world with an inadequate understanding of money.

Restraint is important, too

It’s a good idea to encourage financial responsibility by making your kids earn their rewards. While you should pay for your child’s college if you can, everything else like nice clothes and cars should be things they earn.

Finally, once you do have a policy in place, you should stick to it. It doesn’t work to start out with solemn declarations but to always bail your children out when there is trouble. Lessons will never be learned then.

financial planning, infographics

Credit Card Facts and Risks for College Students

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It is easy to be lured in getting a credit card when you are in college. This is due to the expenses that you need to pay and the limited amount of money that you have.

Getting a credit card won’t be a problem if you know you are able to repay what you have borrowed. If you have a part-time job, go ahead and get one. Without an income source however, getting a credit card would be very risky.

Aside from the risk of not being able to pay your debts, you also place yourself at risk of a possible credit card fraud. A lot of naïve college students have fallen victim to credit card scammers. These are people who will do everything just to take your money away from you.

They have employed different strategies aimed at fooling people to provide their credit card information or online account passwords so they can make use of the credit card as their own. You can only imagine how devastating it would be if you are a victim of this scam.

If adults who have full time jobs have a hard time facing this kind of problem, you don’t want to imagine what could happen to you considering that you don’t even have a job. This is why you really have to stay protected. With the right knowledge on how to fight against these scammers, it is easy to stay away from them.

Below is an infographic giving you more information about credit card fraud. It also provides tips on how you can keep yourself protected against these bad people. You need to do everything so they won’t lure you into their scams and eventually report them to the authorities.

Credit Card Fraud Stats - Protect Yourself from Being Scammed

college costs, college guidance, college planning, financial aid, parenting

It’s FAFSA time!


Here’s a great post from the College Board in honor of Financial Aid Awareness month for parents, reminding all of us of the importance of the FAFSA and how to get ready for submission.

It’s time.

fafsa-on-the-web

The Free Application for Federal Student Aid (FAFSA) is how millions of students apply for federal, state and most college-based financial aid. And because government grants compose 74 percent of this $185 billion pool, it’s understandable for families to feel anxious when filling out the FAFSA.

It doesn’t have to be that way. Susan McCrackin, Senior Director Financial Aid Methodology at the College Board, offers this eight-step map to help parents and students work through the FAFSA as efficiently and effectively as possible.

1. Gather Your Documents 

It is much easier to fill out the FAFSA if you have all the needed forms in hand before you start. Here’s a list of documents to get you going. You should also get a U.S. Department of Education personal identification number (PIN.) Here’s the PIN application link.

2. Think About Taxes

Parents’ taxes are an important part in the FAFSA process. Getting taxes done by February 1st may be unrealistic, so last year’s taxes and this year’s paystubs can help create estimates. After February 3rd, the IRS Data Retrieval Tool becomes available, allowing students and parents to access the IRS tax return information needed to complete the FAFSA and transfer the data directly into their FAFSA from the IRS website. And if you owe the government money, take note: you can complete your taxes without actually filing and cutting a check to Uncle Sam.

3. Find Quiet Time  

The FAFSA has a lot of sections. Breaking them into smaller pieces makes the FAFSA easier to navigate. Consider these do’s and don’ts.

  1. Don’t sprint. Take questions one at a time and give yourself time to properly answer each question.
  2. Do read each question carefully and out loud. It will help you understand the question better.
  3. Don’t multi-task. Put your mobile phone away, and turn off the television.
  4. Do find a quiet place where the FAFSA will have your full attention.

4. Stay Student Focused

Parents often forget that the student always provides information. Parents are required to provide their information if the student is dependent.

So when parents see a question that refers to “I,” remember that “I” is the student. “You” is also the student. When questions address parents, you will see questions that refer to “your parents.”  This is where parental information goes.

5. Avoid Parent Traps

As families evolve, so do questions about who needs to provide information for the FAFSA. When you see “parents,” FAFSA is referring to the student’s biological or adoptive parents. When the parents are married, then the student and both parents complete the FAFSA.

If the parents are not together, things can get confusing.  BigFuture by the College Board created a corresponding infographic to help address some commonly asked questions. That infographic will appear on this site tomorrow.

6. Keep Track of Deadlines

Every college has a different set of deadlines based on priority, merit, early decisions etc. BigFuture by the College Board helps families sort through these deadlines with detailed college profiles and a free, customized action plan. And, should you have specific questions about specific colleges or universities, don’t be afraid to call the college’s financial aid office and ask questions.

7. Profile CSS/Financial Aid PROFILE® 

The FAFSA opens the doors to federal aid. There’s also almost $50 billion in non-federal aid available – from colleges, states and private institutions. Some colleges and programs use the College Board’s CSS/Financial Aid PROFILE to help award these monies.

CSS/Financial Aid PROFILE is an online application that collects information used by almost 400 colleges and scholarship programs to award financial aid outside sources from the federal government. Families must complete the application and the College Board sends it to the colleges and scholarship programs they have chosen.

Here’s a list of colleges that use CSS/Financial Aid PROFILE® and where you go to complete the  CSS/Financial Aid PROFILE®.  Sending your CSS/Financial Aid PROFILE® report to one college or scholarship program costs $25. Additional reports are $16 each. There are fee waivers available for low-income families.

8. Gain Experience

The more you experience something, the better you do. This free FAFSA webinar walks you section by section through an actual application with the College Board’s Senior Director for Financial Aid Methodology, Susan McCrackin. Families can access the free FAFSA webinar 24/7.

It’s time. Go after your piece of the more than $185 billion in financial aid to help make college possible. Use BigFuture for advice and to help create a customized plan for your child. Then follow the map. Chances are it will lead to an investment that provides returns for the rest of your child’s life.