If you have accumulated fund in your child’s 529, congratulations!
You are probably a member of the elusive Savers who plan ahead and hate debt. A savers’ immediate instinct is to use all the designated savings ...(more)
“My college savings plan is the military.” This is a response I got last week from a very serious woman at a college and career planning event I went to. I love the military and I thought it was a great plan. In ...(more)
If you've finished college within the last few years, chances are you're paying off your student loans. What happens with your student loans now that they've entered repayment status will have a significant ...(more)
Many of today’s college graduates, eager to accept the challenges of their new careers are also facing a life-long financial challenge. The burden of considerable amounts of student debt may seem overwhelming. If you ...(more)
“If you fail to plan, you are planning to fail.” This quote, attributed to Benjamin Franklin, makes me think of the way many families approach paying for college.
For most families, the words “planning” and ...(more)
Most families with college students are very familiar with the Free Application for Federal Student Aid. The FAFSA form determines your eligibility for need-based financial aid that is based on students’ and parents’ ...(more)
Grandparents are usually willing to help with college expenses when possible. I remember my own grandmother chipping in a bit for my freshman year at school. Knowing what I know now, it’s likely that the gift had a ...(more)
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
Request a FREE no obligation consultation: www.oxygenfinancial.net
For Baby Boomers and Gen X’ers the quandary that ...(more)
At this point many families have already filed the Free Application for Federal Student Aid, or FAFSA. This is the first step in applying for need-based financial aid for college. The information provided on the FAFSA ...(more)
Most college savings strategies can benefit a great deal by incorporating a savings vehicle into the mix. The tax benefits and flexibility of most savings plans make them very appealing for families looking to help ...(more)
January 1st is almost upon us and that’s an important date for many families who have college bound children. That is when they can begin filing the Free Application for Federal Student Aid, better known as FAFSA. The ...(more)
My family and I just returned from Charlotte, North Carolina, where my two boys competed in and won their first Jiu-Jitsu tournament. On the ride home, one asked if he could get a college scholarship if he continued to ...(more)
My young son Reece just completed a math lesson at school in which he learned how to count by thousands. The lesson ended when the class got to the millions. When I told him that numbers go up to the trillions, he was ...(more)
Your child’s already been accepted to the college of his or her choice, and you’ve been waiting patiently to find out how much you’re going to have to pay for that top-notch education. Now the wait is over: Your ...(more)
The cost of higher education has become one of the greatest financial burdens facing parents and students today, not only because of escalating annual tuitions, but also the increasing number of years of ...(more)
When your child is still learning how to crawl, it can seem almost absurd to imagine him or her moving out and starting college. Nevertheless, the power of compounding, along with a higher capacity for risk the further ...(more)
Families applying for financial aid for college must complete the Free Application for Federal Student Aid (FAFSA). This application, which helps determine a student’s eligibility for aid, asks for information on the ...(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 plans ...(more)
A TWENTY MILLION DOLLAR TALE
“IS COLLEGE WORTH IT”
I have a strong belief that a college degree is a critical component to financial success since we know that college graduates earn more income than their ...(more)
Earlier this month, my sons experienced their first college football game as we traveled to Charlottesville, Virginia, to see Notre Dame play the University of Virginia. It was by far one of the most exciting sporting ...(more)
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)
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.