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Hire Your Child to Lower Taxes and Save for College 

Hire Your Child to Lower Taxes and Save for College 

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jun 3, 2022 | Tax Planning

Business owners hire their children for several reasons, such as instilling a strong work ethic, teaching responsibility, encouraging entrepreneurship, saving on taxes, and helping save for college. These benefits are the result of the Tax Cuts and Jobs Act of 2018...
Simplified FAFSA To Be Released in July

Simplified FAFSA To Be Released in July

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | May 28, 2022 | FAFSA

The FAFSA Simplification Act was signed into law on December 27, 2020, as part of the Omnibus Act for 2021. The purpose of the FAFSA Simplification Act is to make it easier for students to complete the FAFSA form and to make the allocation of Federal student aid...
Should the Pell Grant be Doubled?

Should the Pell Grant be Doubled?

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | May 26, 2022 | Financial Aid

The Pell Grant program has been the foundation of Federal student aid since it was created in 1972. The program provides student assistance grants based on need to low-income students to help pay for college education. Students from all 50 states rely on the Pell...
“Administrative Bloat” and Tuition Increases

“Administrative Bloat” and Tuition Increases

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | May 23, 2022 | Colleges

The astoundingly rapid rise in college tuition in past decades is well known. Perhaps less well known is the increasing unwillingness of students to pay exorbitant tuition prices at all but a few elite institutions. Applications and enrollments have declined at most...
Beware of Financial Aid Scams

Beware of Financial Aid Scams

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | May 3, 2022 | Financial Aid

The U.S. Department of Education (ED), like most other public agencies and large consumer-oriented companies, conducts most of its business with individuals over the Internet. Although doing business this way is far more secure than paper-based systems, there are...
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