Friday, May 22, 2015
Although the government provides many different forms of financial aid for college students, they also expect the student and the parents to contribute a monetary sum. This is called the Expected Financial Contribution (EFC). Computing your EFC is easy enough to do, especially if you are working with a respected college funding solutions provider like John McDonough’s The Studemont Group College Funding Solutions, LLC. The problem lies in the result of your EFC, as there are times when the amount that comes up is far more than what you were expecting.
Wednesday, May 20, 2015
College tuition fees have been skyrocketing over the past few years, making reliable college savings funds a priority for parents around the country. According to College Board, a nonprofit corporation that helps provide students with access to higher education, the average tuition fee at a moderate private university during the 2014-2015 school year sat at $46,272. Do not let that number discourage you though. As a parent, you only want the best education you can possibly afford your child. After all, every child has the right to receive a proper education. Even with rising tuition fees, know that there are many ways to help lessen your financial burden and provide your child with the best possible college education. One of the best ways to do this would be to help your child win merit scholarships.
Monday, May 18, 2015
Getting a college education is undoubtedly expensive, with the nation’s top private universities having an average tuition of $200,000 for four years. Skyrocketing tuition, however, won’t stop students from pursuing their dreams and building their careers because they can seek financial aid to get through college. This financial aid package comes in the form of the Free Application for Federal Student Aid, or the FAFSA. With the help of FAFSA, families of college-bound kids can get financial aid to help them in getting quality education. Most parents will want to know how to get the best financial aid packages, but are daunted by the seemingly complicated process of applying for it. Contrary to popular belief, filing for FAFSA doesn’t need to be complicated, and you can even get more free money for college if you’re able to follow these tips in getting a better deal.
Saturday, May 16, 2015
It’s every parent’s dream to be able to send their children to a reputable college where they can earn a degree to prepare them for their futures. Though planning for their college education might be among the most expensive investments you’ll make, you may be able to decrease these costs by making these smart choices and decisions that begin with proper planning. To achieve this, college financial planning experts share these common mistakes most parents are still doing that prove to be costly in the end. Not Saving Early College costs have steadily increased in the past few years, rising by as much as 100 percent in just a span of 10 years. This can also be traced back to the effects of inflation, which contributes to the increase of college costs by as much as 5 or 6 percent annually; hence, the earlier you start depositing into your 529 college plan, the bigger growth your money will see over time.
Thursday, May 14, 2015
Financial aid can help much when you’re putting your child through college. With rising college fees and costs, however, it is progressively becoming harder. Seven years ago, the average cost of a year’s stay at a four-year institution was $19,362. The costs now would be even higher, and that’s why you’ll need the help of experienced college funding advisors to ensure that you get the most out of the available financial aid out there. The Basics The most basic financial aid program that you can apply to is the Free Application for Student Aid (FAFSA) program. It also forms the basis of how much financial aid various colleges award their students. Some colleges even make it a requirement when you’re applying for financial aid; for some scholarship programs, a rejection for financial aid is even a requirement. This is why it’s important to get your FAFSA application out of the way as quickly as possible.
Tuesday, May 12, 2015
College nowadays is an expensive undertaking; depending on your child’s choice of college, you may end up paying hundreds of thousands of dollars. You won’t even be able to depend on the college fund that you saved up, since increasing fees mean the fund might not even be enough to cover the customary four years. This is why you and your child should consult expert college financial advisors to help you both with paying for college. Experienced college planning advisors will help you focus on the main source of a lot of financial aid: the Free Application for Federal Student Aid (FAFSA) Program. Groups like The Studemont Group College Funding Solutions, LLC can help ensure that your application for FAFSA will be approved and you can get as much financial aid as possible.
Thursday, April 9, 2015
Most parents have savings and investments to pay their children’s college cost. Those who have not prepared enough, however, may find the need to tap their retirement accounts, such as their 401(K). If you’re contemplating on loaning from your 401 (K) to augment your college funding solutions, here are some things you should be aware of. It significantly reduces your overall retirement funds. Borrowing from your account limits the growth of your earnings. For instance, if you take out a $25,000 loan, that amount won’t be earning any interest all throughout the loaning period. Therefore, you lose not only the gains from the accruing interest but also from compounding and tax deferral.
Tuesday, April 7, 2015
College costs are not getting any cheaper and the rising amount of student debt is still a concern among many. This is why families with children who are bound for college should get help from providers of reliable college funding services like The Studemont Group College Funding Solutions, LLC and apply for the Free Application for Federal Student Aid (FAFSA) to get them the best chance for financial help. Tuition fees are still rising, and according to The College Board, “the average 2014-2015 tuition increase was 3.7 percent at private colleges and 2.9 percent at public universities.” This is why it has become more important and worth it to apply for the FAFSA—and this goes for families from all income brackets.
Sunday, April 5, 2015
While tertiary schooling in America looks grim, however, there is still hope in terms of financial aid. Local and university scholarships, as well as campus employment, peer-to-peer lending, and even crowdfunding have been hailed as potent sources for financial aid. Aside from these, there’s also the option of obtaining free money for college through federal Pell Grants, made easy through the help of firms like The Studemont Group College Funding Solutions and its advisors such as John McDonough. A college education nowadays may be expensive, but that doesn’t mean it’s exclusive. With various methods of acquiring free college money, it’s still possible for students to get their dream degrees in the end.
Friday, April 3, 2015
As long as the college or university provides everything a student—healthy or with a preexisting condition—needs, location and cost should be secondary. For such items, there are qualified college financial planning consultants like John McDonough of the Studemont Group College Funding Solutions, LLC who can draw up a sound college plan, from finances to admission. Whether or not to live an independent life come college is the call of the incoming freshman. Don't let the stereotypes of college life affect your decision. Be prepared for the things to come the moment you step into a new chapter in your life. Proper financial planning for college goes a long way.
Wednesday, April 1, 2015
If the college or university you want hasn't come with an offer for you, don't fret. Professional college funding advisors like John McDonough can help you secure another way to get into the campus of your dreams. Sometimes, paying in full or applying for federal aid is better for the long run than a scholarship offer. Not only does this tip apply to pre-pubescent kids but also anyone old enough to respond to his or her true calling. If your true calling is a shot at the NBA, then go for it; just don't rush things. Know that you have a good college financial aid consultant like The Studemont Group College Funding Solutions, LLC to help out if you're in a pre-collegiate pinch.
Monday, March 30, 2015
Nevertheless, many college financial advisors like John McDonough believe the flat-rate tuition system makes college planning a whole lot easier. With added transparency and flexibility, the beleaguered college student can plan more effectively without the risk of hidden costs. Financial aid or none, it's a step in the right direction. Before choosing a college, however, students should take time to assess their financial standing with the help of professional college planning advisors such as the Studemont Group College Funding Solutions, LLC. They gather information regarding a student's finances and propose the best possible approach to getting a college degree.
Monday, February 23, 2015
It pays to know how the system works, especially when it comes to college funding solutions. So, you’ve filled out your FAFSA and maybe you’re wondering how a financial aid administrator will determine your if you are legible for financial aid based on the Expected Family Contribution. Learning how would help you better understand your options for financial aid and this is where turning to a financial advisor like John McDonough of The Studemont Group comes in.
Saturday, February 21, 2015
Sending children to college is something parents both want and dread at the same time. Sure, your kids have a better chance of finding a career in the future, but the cost for higher education is something that can make you think about crippling debt. A typical college education is worth thousands and thousands of dollars and that is only for one child. Multiply that by the number of your children and you’ll find yourself in a pretty pickle. Thankfully, trusted advisors such as John McDonough of The Studemont Group have some college funding services can help your kids go to their dream schools without breaking the bank.
Thursday, February 19, 2015
This doesn’t mean you have to live on canned food, but you should learn to manage money for college efficiently. Bankrate.com suggests buying old books, for instance; you may also check the Internet for free online copies. If you’ll be living outside of school, opt for the nearest area to reduce your transportation expenses. Tightening one’s belt is alright if it means having a more stable future ahead.
Tuesday, February 17, 2015
Many disputes have arisen as to whether these standardized tests do accurately measure a student’s true capability, though. Some schools, such as the University of Arizona, have addressed this issue by making the standardized test optional. However, students eligible for merit-based aid must still submit their SAT scores in order to get into school. While ways to deal with the supposed accuracy of standardized test results are still being discussed, seniors gearing up for college in the near future would have no choice but to study well for the exam. Those who lag behind may not be able to get a scholarship and are less likely to be admitted to the school of their dreams. Regardless of how they perceive SAT/ACT, they must invest on review classes since their financial planning for college would never really land on stable ground unless they score well enough.
Sunday, February 15, 2015
Scholarships and grants are help that you won’t need to repay. While they may have really high standards and you aren’t confident to be granted, apply anyway; you only have zero chance of getting financial assistance if you don’t apply in the first place. This list of tips is not exhaustive. There are many more options that good college funding specialists—like John McDonough of The Studemont Group College Funding Solutions, LLC—can give you. Be sure to listen closely and keep your eyes open for opportunities.
Friday, February 13, 2015
In addition to the towering tuition fees looming over incoming students, the threat of massive debt after graduation is also a serious concern for families who want to send their children to college. $200,000 worth of debt or more in exchange for a diploma is now uncomfortably common among fresh graduates, and this is a very probable future for those who are planning to get tertiary education. Getting a free ride to college is next to impossible for many, even those who have superb scholastic records. However, there are other avenues to lighten the financial burden of college tuition and other fees. Companies such as The Studemont Group College Funding Solutions, LLC offer ways in which parents can maximize the various types of financial aid available to them and lower their out-of-pocket expenses with guidance from a college financial advisor.
Thursday, February 5, 2015
While the 2015-2016 academic year is still some time away, parents of high school seniors have to get ready for tuition fee increases to help their children have some free money for college. Susannah Snider of U.S. News and World Report’s Paying for College section stated that many of the top-tier schools are already preparing proposals for increases. This development may be of grave concern to parents who’ve been saving for a long time to finance their children’s college education. In an age of correspondence courses and online diplomas, people want to accumulate as much money as they can to finance educational ventures. An important part of making this happen is structured guidance by professionals working with companies like The Studemont Group College Funding Solutions, LLC.
Tuesday, February 3, 2015
Most state and private institutions do not consider your primary home’s equity as a factor in financial aid determinations because these are based on FAFSA calculations of your expected family contribution. However, some private colleges, especially the expensive Ivy League types, use an additional aid disclosure form, CSS/Financial Aid Profile. Such schools are quite interested in your home equity, so expect that it will be included in the numbers should you choose this school for your child. Comprehensive college financial planning should include research on different schools’ financial aid policies and how they treat home equity to help in evaluating which can offer your child the best options. Normally, schools that base their computations on profiles would assess equity at 5% for financial purposes. Assuming home equity of, say, $500,000 dollars is included, then that means $25,000 more for the Expected Family Contribution and less for the financial award.
Thursday, January 29, 2015
To further aid you with such financial matters, you can employ the services of specialists such as John McDonough of The Studemont Group College Funding Solutions, LLC. These organizations are here to help you find the best solutions for college funding based on your unique financial situation. Such companies also offer cost-efficient plans for their clients such as suggestions to apply for college scholarships at the desired schools, as well as proper handling of one’s finances to ensure maximum usage and minimal loss. When it comes to acquiring quality education, you should exhaust any and all resources to get the best deals available out there. Let the experts give you and your student the extra boost you need to get the college slot your child deserves.
Tuesday, January 27, 2015
The situation does present issues for both schools and the parents who want to enroll their children there. Consider that in some cases, students also take out loans from the school to finance their education–despite the overall national debt cracking the trillion-dollar barrier. When you need support to crunch the numbers for your children’s college tuition while they’re still in high school, expert college funding services like The Studemont Group College Funding Solutions, LLC are ready to help you. Academic qualifications are often among the most important items school admissions officials look for in a potential enrollee. In the report, Weston said that some schools consider applicants with GPAs or test scores that are in the high quartiles.
Sunday, January 25, 2015
A mismatched major and personality can have dire effects on students’ finances. College funding advisors found through statistics that the cost of dropping out, shifting majors, and not graduating on time is substantially high. Those aiming for a bachelor’s degree lose an average of $46,000 for each additional year it takes to finish their degree. Part of the blame can be attributed to schools and the government. Invalid career tests are used, and students are given incorrect information about their personality using generalized test measures. Some schools even intentionally misdirect students to increase enrollment in a particular program.
Friday, January 23, 2015
According to a usnews.com report, overall college enrollment rates increased from 26% to 41% from 1980 to 2012. The trend is partly driven by for-profit colleges who have high acceptance rates. But for those who have their eyes on the Ivies, admission is more challenging as acceptance rates are lower and there is greater struggle for limited slots. Admission typically includes interviews. This is because even though a student scores high in written tests, these don’t automatically make him or her fit for the institution. Admissions officers intend to know more about the drive and the attitude of the person behind the paper.
Friday, January 16, 2015
Unlike parental assets, the child’s assets count for more in aid calculations, typically up to 20 percent. Therefore, one of the most practical solutions for college funding hitches whereby a college-bound child has several assets to his name is to transfer them to their parents. Transferable assets include noncustodial accounts (e.g. regular savings, certificates of deposit) and Series I and EE savings bonds. Conversely, custodial accounts and trust funds must remain in the child’s name.
Wednesday, January 14, 2015
Whether you’re wondering if a prepaid college fund plan is right for your child, or if your home’s equity can hurt your financial aid chances, take your queries to a knowledgeable college-funding specialist. Their years of experience can guide you into making better financial choices, not to mention that they will assist you in creating a plan on cash flow strategies for college years and beyond, as well as for retirement.
Monday, January 12, 2015
If you listen to and take the money for college advice provided by college-funding specialists, such as those from The Studemont Group College Funding Solutions, LLC (founded by financial planning expert John McDonough), you’ll definitely steer clear of the mistakes enumerated above and make the most of college financial aid for your child.
Saturday, January 10, 2015
It is no wonder then that high school students are feeling the stress and pressure of college admission. What can help them in effectively planning for college is the guidance of experts like John McDonough of The Studemont Group College Funding Solutions. Seasoned consultants like him offer a wide range of resources that can enhance a student’s chances of getting accepted into the college of their choice, including preparations for the SAT and ACT, evaluation of their essays, and an objective assessment of their admission application.
Thursday, January 8, 2015
To enhance his chances, the student and his parents would do well to seek the counsel of experienced college funding advisors like John McDonough of The Studemont Group College Funding Solutions. Getting an athletic scholarship, after all, involves strategizing and careful planning to find the right match between a student’s ability and potential, and the institution that would rightfully acknowledge and reward these.
Tuesday, January 6, 2015
Given the stiff competition for scholarships and the high interest rates on loans, parents would be well advised to start planning for their children’s college funding at the earliest time possible; and the first thing they may have to do is to consult expert college financial advisors like John McDonough of The Studemont Group College Funding Solutions, LLC.