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Impact of the New FAFSA on the Net Price of College

Impact of the New FAFSA on the Net Price of College

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 13, 2024 | FAFSA

The student financial aid system has always been complex. With this year’s new FAFSA and its inept rollout by the U.S. Education Department (ED), it will be even more baffling for all parties — students, parents, guidance counselors, Federal and state agency staffers,...
Education Department To Correct New FAFSA

Education Department To Correct New FAFSA

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 31, 2024 | FAFSA

As noted in a recent post, the U.S. Education Department (ED) announced in December that the revised FAFSA would be initially released as a “soft launch” on January 1 and that it would only perform a data store-and-forward operation for data processing by the ED at...
College Savings and Divorce Planning

College Savings and Divorce Planning

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 26, 2024 | Uncategorized

There can be issues with college savings that the spouses had initiated together even in amicable divorces, Divorce attorneys are legal experts but not financial aid experts. They may not be aware of all of the consequences of divorce on a child’s eligibility for...
Using a CollegeSure CD to Save for College

Using a CollegeSure CD to Save for College

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 22, 2024 | College Savings Plans

According to the College Tuition and Fees price index maintained by the U.S. Bureau of Labor Statistics, the cost of tuition was 1,490% higher in 2023 than it was in1977. Between 1977 and 2023, tuition — the largest component in the cost of attending college —...
Guard Against Student Aid Scams

Guard Against Student Aid Scams

by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 8, 2024 | Financial Aid

One reason for the establishment of the U.S. Education Department (ED) in 1979 was to assist students in paying for a post-secondary education. Like corporations that market to consumers, the ED conducts much of its business with its student-consumers over the...
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