by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Oct 14, 2022 | Financial Aid
Federal Direct PLUS Loans, commonly referred to as a Parent PLUS loans, are available to parents of dependent undergraduate students to pay for their child’s college education. There are no fixed annual or aggregate limits for these loans. The amount that a parent can...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Oct 7, 2022 | Financial Aid, Uncategorized
Most families welcome financial aid from outside sources to help them pay for a college education. Although they may not accept all financial aid offered to them, they prefer as wide an array of choices as possible. Two important applications should be submitted by...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Sep 21, 2022 | Tax Planning
In August, President Biden announced the Federal Student Loan Forgiveness Plan (the Plan), which will cancel 20% of the outstanding Federal student loan debt of $1.5 trillion. Debt relief will be granted to 43 million borrowers, eliminating the entire remaining...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Sep 13, 2022 | Loan Forgiveness
Last month President Biden announced the Federal Student Loan Forgiveness Plan (the Plan), which will cancel up to 20% of outstanding Federal student loan debt. Loan relief will be provided to about 43 million borrowers and it will eliminate the entire...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Sep 4, 2022 | Financial Aid
The cost of college has nearly tripled since 1980 and Federal financial aid has not kept pace. Pell Grants once covered about 80% of the cost of a four-year public college degree for students from working families, but now only covers a third. This erosion of tuition...
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