by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 21, 2023 | Financial Aid
Federal financial aid programs for college students include scholarships, grants, work-study programs, and loans. Among these only loans need to be repaid, making them the least attractive type of Federal aid. Nevertheless, more students participate in the loan...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 10, 2023 | Colleges
Attending a college that receives major gifts from deep-pocketed benefactors and possesses a multi-billion dollar endowment has advantages. Among these is the possibility that some of that money will trickle down to students as financial aid. As preoccupied as seniors...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 3, 2023 | Financial Aid
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that conducts consumer lending services. It has changed dramatically since it was set up in the early...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 25, 2023 | Loan Forgiveness
If a former college student with an outstanding student loan balance becomes disabled, he or she may not need to repay the debt under the provisions of the Total and Permanent Discharge (TPD) program. To obtain debt forgiveness, the individual needs to apply...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 16, 2023 | Financial Aid
Congress recently passed a $1.7 trillion omnibus spending package that made substantial changes to retirement and tax rules. These have been referred to as Secure Act 2.0 because they extend the retirement provisions of the original Secure Act of 2019. One of the...
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