News Articles About College Savings Accounts

The U.S. Department of Education's StudentAid.gov website debuted a variety of new tools, including a personalized loan simulator, new alert and notification system, and aid summary tool. These enhancements are some of the first of several upgrades to the website that will roll out in 2020, delivering on U.S. Secretary of Education Betsy DeVos' promise to modernize and personalize the customer experience with federal student aid, according to the news release. Here are the latest tools released and what they mean:

StudentAid.gov Debuts New Online Tools

February 25, 2020 10:59 AM
by Susan Dutca-Lovell
The U.S. Department of Education's StudentAid.gov website debuted a variety of new tools, including a personalized loan simulator, new alert and notification system, and aid summary tool. These
Dozens of suburban Chicago families have been using a legal loophole to help their children get need-based college financial aid and scholarships. By their parents' forfeiting legal guardianship, students are able to declare financial independence so they qualify for federal, state and university financial aid.

Parents Giving Up Guardianship for College Cash?

July 30, 2019 9:24 AM
by Susan Dutca-Lovell
Dozens of suburban Chicago families have been using a legal loophole to help their children get need-based college financial aid and scholarships. By their parents' forfeiting legal guardianship,
Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a 
new study from T. Rowe Price. They are also more willing to prioritize saving for their sons' college over their own retirement.

Parents Save More for Sons’ College Education

September 26, 2017 9:39 AM
by Susan Dutca-Lovell
Parents of boys are more likely to pay the entire cost of college than those who have girls, according to a new study from T. Rowe Price. They are also more willing to prioritize saving for their
What makes February so lovely? It is Financial Aid Awareness Month, and since filling out the FAFSA is stressful - much like taxes - several higher education institutions and financial aid organizations have jumped on board to provide informational sessions for families and students as they navigate through, and apply for financial aid through the 2016-2017 FAFSA. According to the National Center for Education Statistics, the percentage of students applying for, and receiving financial aid for their college education at a four-year-degree-granting institution has increased from 80% to 85% from 2007-08 to 2012-2013.  Because of this, the National Association of Student Financial Aid Administrators (NASFAA) will be hosting a new topic weekly through a social media campaign that allows parents and students to ask questions about the FAFSA. To participate, NASFAA asks families to send their questions via Twitter using the hashtag #FinAidFeb to receive tips and advice, as well as the common mistakes to avoid. The social media campaign will take place on Wednesday, February 3rd from 7-8 pm ET and Friday, February 5th from 1-2 pm ET. Those interested can simply follow @NASFAA on Twitter or visit them at their website for full schedule and details.

February is Financial Aid Awareness Month

February 4, 2016
by Susan Dutca-Lovell
What makes February so lovely? It is Financial Aid Awareness Month, and since filling out the FAFSA is stressful - much like taxes - several higher education institutions and financial aid
High school students, as you move further into your senior year and really start making decisions that will shape your future – what college you'll attend, how you'll fund this endeavor and what you’ll possibly major in – it dawns on you: “OMG, I’m officially an adult.” And with that realization comes the fact that very soon, you'll no longer (legally) be the responsibility of your parents. Well, not everyone is willing to accept that as their reality: A New Jersey teenager who was financially cut off following her 18th birthday is suing her parents for immediate support, current private school fees and future college tuition.

Teen Sues Parents for Tuition, Expenses

March 4, 2014
by Suada Kolovic
High school students, as you move further into your senior year and really start making decisions that will shape your future – what college you'll attend, how you'll fund this endeavor and what
Choosing your major or school based solely on price is wrong. There are not enough words in the dictionary to describe my disagreement with this logic, but I will try.

Don’t Let Cost Dictate Your College Choice

October 1, 2013
by Mike Sheffey
Choosing your major or school based solely on price is wrong. There are not enough words in the dictionary to describe my disagreement with this logic, but I will try. First and foremost, college
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