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...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 5, 2023 | Financial Aid
College is expensive. Fortunately, most students pay less than a college’s published price by taking advantage of the financial aid that’s available to them. Rather than looking at published prices when researching colleges, students should focus on net price — the...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Dec 14, 2022 | Financial Aid
College remains the highest savings priority of parents of college-bound children. Over 75% of parents in this group, when surveyed by The College Investor (TCI), indicated that they’re currently saving for college. TCI found that over 80% of parents are concerned...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Dec 8, 2022 | Financial Aid
Last month, we featured a post titled, “Tuition Discounts Offered as Merit Aid” about the common practice of colleges to provide partial merit scholarships, or discounted tuition. There are two reasons why this has become routine at mid-tier schools as a way to...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Nov 15, 2022 | Financial Aid
The U.S. Education Department (ED) is no longer accepting applications for its student debt forgiveness plan (the Plan) after a Texas judge halted its rollout in a November 10th ruling. Studentaid.gov, the ED’s website for student aid programs, announced the following...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Nov 7, 2022 | Financial Aid
College tuition is on the rise again after a two-year hiatus brought about by the pandemic. Increases have been substantial — usually in the range of 3 to 4%. Families are more concerned than ever about the affordability of college, so they seek options to avoid...
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