Here's something everyone already knows: college isn't cheap! With approximately 19.9 million students expected to attend American colleges and universities in the fall semester of 2019[i], parents must be thinking about how tuition costs are going to be met. While the largest source of funding …
College Planning
FAFSA Application for College-Bound Students: Early Bird May Get the Worm
The good news for parents and their college-bound kids: The U.S. Department of Education’s Free Application for Federal Student Aid (FAFSA®) makes it relatively easy to apply for federal and state, and many institutions’ financial aid opportunities in a single session. This “one-stop shopping” …
Can an IRA Be a College Savings Vehicle?
An IRA is a retirement savings account, right? Indeed. IRA stands for Individual Retirement Arrangement. Even with that definition, however, there is no prohibition on using an IRA to save for other purposes, such as funding a college education. Why would anyone choose an IRA as a college savings …
