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Matt’s Monthly Money Must Do’s | May 2018

By | 2018-04-25T15:17:11+00:00 April 20th, 2018|Categories: Personal Planning|Tags: , , , , , |

In honor of Ignacio Zaragoza’s amazing victory at the Battle of Puebla, let’s celebrate with 5 financial to do’s for May. Home goods May is a great time to start your budget shopping.  So many home goods go on sale in May, which is great for the summer.  The biggest discount items are grills, air conditioners, [...]

Tax Cuts and Jobs Act: 529 Plans Expand

By | 2018-02-01T13:52:00+00:00 February 1st, 2018|Categories: Personal Planning|Tags: , , , , , , |

In December 2017, the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax-cut package, became law. College students and their parents dodged a major bullet with the legislation, as initial drafts of the bill included the elimination of Coverdell Education Savings Accounts, the Lifetime Learning Credit, and the student loan interest deduction. Also on the [...]

New Rules for College Campus-Sponsored Debit and Prepaid Credit Cards

By | 2017-05-09T22:13:52+00:00 June 28th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

The Department of Education has issued new rules for campus-sponsored debit and prepaid credit cards that are directly linked to financial aid disbursements. While many financial institutions have partnerships with colleges to market these products as financial aid tools, consumer groups argue that they sometimes come at a high cost to students. As a result, the [...]

Avoid the Scams

By | 2017-05-09T22:13:48+00:00 April 15th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , |

Fraud takes many forms and scams have been around for a long time.  With the emergence of the internet and social media, it’s become much harder to identify who is legitimate and who is the fraudster.  Even the brightest students and their parents can fall victim to the schemes of scammers.  Avoiding scams requires constant vigilance in [...]

Beyond Financial Aid – Let's Talk Loans

By | 2017-05-09T22:13:45+00:00 January 19th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , |

Financing college tuition, fees and expenses can be daunting.  However, taking advantage of student loans may help lighten the financial burden.  There are several type of loans available, both good and not-so-good.  Primarily, students can get access to Federal student loans and/or private student loans. Typically, Federal student loans offer borrowers lower interest rates and have [...]

Leveraging Your Business to Fund Your Child's College Education

By | 2015-10-21T14:38:32+00:00 October 21st, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

If you have children and are following this blog series, there is a good chance you are actively planning to send your child (or children) to a college or university. Finding ways to save for college can be daunting but if you work at it, you can find not only ways to fund their education but [...]

Financial Aid Planning – Expected Family Contribution (EFC)

By | 2017-05-09T22:13:42+00:00 September 10th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , , |

As you choose a plan to help save for your child’s education, you may also want to find out how financial aid can help you pay for higher education costs. The prospect of paying for college may seem intimidating, but with proper planning, it doesn’t have to be. How much of your child’s tuition are you [...]

6 Ways Your School Guidance Counselor Can Help You Get Into College

By | 2017-05-09T22:13:34+00:00 July 21st, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

A high school’s guidance counseling department and the programs they support are critical resources for both the student and their parents in preparing for college. School counselors are highly trained professionals who typically have advanced degrees. While each and every high school is different, the National Office for School Counselor Advocacy has defined 8 essential elements [...]

College Planning – Have the "Talk"

By | 2017-05-09T22:13:31+00:00 June 25th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , , |

The “Talk” being the discussion with your child on what they want their future to be and how to get there. Not just one talk, but multiple conversations about hobbies, interests and college. Choose an appropriate time and location for having these discussions. It will typically be when the child chooses to talk to the parent. [...]

College Planning – 7 Steps to Keep Your Money & Your Sanity

By | 2017-05-09T22:13:30+00:00 May 21st, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , |

One of the most financially savvy gifts a parent or guardian can give their child is to send them to college. Even with student debt, the difference in a college graduate’s lifetime earnings vs that of someone with only a high school diploma is substantial. This wage difference spread over 40+ years in the work force [...]