Estimating Your College Cost

As many students and parents are reviewing their financial aid award letters, estimating your true college cost is very important.  In an interest article written by Byrd Pinkerton titled “A College Education Costs Even More Than You Thought It Did”, Byrd points out some key points to estimating your true college cost. The article is…

Financial Aid Award Letter Analysis

College commitment time is here!  It is also time for the Financial Aid Award letter analysis. Families need to understand the award letter before making the college decision.  As the cost of a college education continues to increase, the financial aid award letter is becoming a very important piece of the process.  Student and parents are…

College planning software compares Award Letters

EFC PLUS, college planning software compares Award letters and helps families understand the “bottom line” or cost of their child’s college choices.  The college acceptance letter arrives with an award letter containing the college financial aid package.  Comparing the financial award letters can be overwhelming and confusing due to institutions having different formats and terminology. …

Linking the FAFSA and the DRT

During the FAFSA process, families will hear the term DRT or Data Retrieval Tool.  The DRT is an important step in the financial aid process.  This is the step in the financial aid process that links the FAFSA with the IRS tax return.  If a family skips the DRT step, it may cause additional work…

Award Letter Anticipation

The end of February and early March are the part of the timeline I call the Award Letter Anticipation phase.  It is the time when high school seniors and their parents are waiting for the acceptance letters to arrive.  College applications and financial aid forms have been submitted and around the country families are waiting…

Will Student Debt Crush Recent Grads’ Retirement

This past week, Think Advisor posted the article titled, “Will Student Debt Crush Recent Grads’ Retirement” written by Emily Zulz.  The article summarizes how college debt hurts an individual’s retirement savings.   The article’s statistics were based from the Center for Retirement Research study on debt and retirement security. The current student loan debt is over…

Financial Aid Awareness Month

Sharon Epperson from CNBC will be the moderator of the Financial Aid Awareness Month program. Fred Amrein will be one of the panelist on a webcast sponsored by Saving for College.com.  Joe Hurley and Peg Creonte will be the other expert panelists on this program.  The group will discuss various topics of college saving and…