Virginia offers a prepaid tuition program to residents looking to save for future college educational costs, called Virginia529 prePAID. The plan allows you to prepay future tuition and mandatory fees for Virginia ...(more)
We often are asked by parents (or grandparents) of young children about college savings plans. 529 college savings plans offer tax-advantaged ways to save for the various costs of higher education. While these ...(more)
The cost of attending some private colleges and universities now exceeds $65,000. Outside of funding your retirement and buying a house, a college education will most likely be the biggest financial investment you’ll ...(more)
College is expensive: tuition, fees, books … and now add a college financial planner into the mix. What is the value of a college financial planner for families trying to figure out how to pay for college? A lot.
How you pay for college for your kids will impact your own retirement.
Think about this: College tuitions, books, fees and housing continue to increase at a rate faster than inflation in general. Based on current ...(more)
Paying for college is getting more and more expensive with total costs as high as $260,000 per child. With two children myself, one year apart, I am well aware of the current and future costs. As part of any financial ...(more)
What is it - The FAFSA is a form that will determine your eligibility for federal financial aid (undergraduate and graduate) and is required by any institution that awards federal aid. Before I continue, a number of ...(more)
College is expensive and the price keeps going up. The national average cost of attending a four-year public college is over $24,000 per year and private is closer to $50,000. Is funding a college education one of your ...(more)
The most common college planning questions we receive generally revolve around optimizing financial aid. Although this is a worthwhile area to explore we like to take a broader perspective when helping families pay for ...(more)
Navigating the college planning process can be overwhelming for most families. While the guidance they receive from friends, professionals and online can have the best intentions it usually falls short due to a lack of ...(more)
By Rashida Lilani CFP® CMFC
The College Board recently released the average cost of attending college for the 2014/2015 academic year. The average annual cost, which includes tuition and fees, room and ...(more)
529 plans are one of the most popular ways to save up for college expenses. When your children finally get to college, it might seem like a good idea to pay for everything out of your 529 savings. However, this approach ...(more)
Even with all of your savvy college shopping and research about financial aid, college costs may still be prohibitive. At these prices, you expect you'll need to make substantial financial sacrifices to send your ...(more)
When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it's time for you to make sure that your child has enough financial ...(more)
Millions of parents are getting ready to send their babies off to college. But before they fly the coop, there is one more important thing to teach them- money management!
Unfortunately, money management is not ...(more)
With the recently announced increase in student loans, here are 5 ways for undergraduate students to cut their college costs and potentially beat the interest rate increase!
Cut College Costs
Attend In-State Schools: ...(more)
Are student loans holding our economy back? Certainly America has recovered from the last recession, but this is an interesting question nonetheless.
In a November 2013 address before the Federal Reserve Bank of St. ...(more)
The USA Today recently reported that the total cost of raising a child born in 2013 is $245,340 (not including college!!!). Financial speaking, kids are a HORRIBLE investment.
As a seasoned Financial Advisor, I say, ...(more)
Generation X parents continue to face the challenging uphill climb of saving for their children’s college education. For a Generation X couple that has their first child here in 2012, the cost for a private college at ...(more)
Is College Worth It?
Understanding the Costs & Benefits of College
The decision about whether or not to attend college is a serious one with lifelong implications. Changes in the U.S. economy, a ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.