Single Point of View

Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.

Click envelope icon below to Subscribe

Important Changes to Financial Aid Process

If you have a child in college, or, will have one entering college in fall of 2017, I've got your weekend plans all lined up.  The process for filing FAFSA (Free Application for federal Student Aid) has changed.  The most important thing to know is that starting this Saturday (October 1) you can access the FAFSA forms and submit your application.  So, if you have college-aged children, plan to get started on it this weekend. In past years the forms weren't available until January and required previous year tax return information.  This often left parents scrambling to file their tax returns early in order to better understand how much aid you could plan for (which is often a big factor in choosing which school your child will attend).  The process now allows you to use tax return information from the prior, prior year.  So, for the school year 2017-2018, you will...
Continue reading
0 Comments

How To Read a Financial Aid Award Letter

It is the time of year that many students are receiving acceptance letters to colleges.  With that comes navigating the financials involved with paying for it.  Below is an article from EFC Plus with an explanation on how to read a Financial Aid Award Letter.  The most important part of analyzing the information is in separating the merit-based aid and the self-help financial aid, which will give you a better view of your true cost of education.http://www.efcplus.com/financial-aid-award-letter-analysis/Or, for those who prefer, here's a quick video tutorial. http://www.efcplus.com/project/financial-award-letter/
Continue reading
0 Comments