College Financial Blog

IRS Data Retrieval Tool

About now, you may be getting requests from your schools for you to update your FAFSA  using the IRS Data Retrieval Tool (IRS DRT).  They will ask you to log in to your 2013-14 FAFSA, go to the Financial Section and link directly to the IRS using your PIN.  This link should work as long […]

Financial Aid Glossary

In our efforts to simplify a very complicated system, we have compiled a short list of terms you will most definitely come across when preparing for your college years.  We hope this helps!   Academic Year: The year in which school is in session – usually September through May. Accrual Date: The date on which […]

Public vs. Private

The biggest misperception we notice with our clients is the belief that their child is limited to certain schools because of cost.  Parents will naturally assume that the state universities, with an obvious lower price tag, are much less expensive than the private universities.  For in-state students the price difference of a state university is […]

My 2 Cents on College Night

This is the time of year when high school guidance counselors and representatives from various colleges meet with the parents of high school students preparing for college. They give tips about how to best conquer the application process and how to apply for financial aid.  Often, these representatives will advise against hiring a professional to […]

When Do I Begin the College Financial Aid Process?

The number one question we are asked by almost everyone is “when do we begin the financial aid process?”  Preferably, the process should begin when the student is in their junior year of high school.  Many families get hit with the reality of college in the senior year of high school and this is fine, […]

Attention: Accountants and Financial Planners

We all understand that our clients have different needs at varied stages of life.  Here are a few issues with which you need to be familiar in helping your clients plan for college:   Don’t automatically use a Form 1040 if the family is eligible to file a 1040A or 1040EZ.  Using the simplified tax […]

10 Tips For College Visits

The college visit is an important part of the application process and is viewed by the admissions office as a demonstration of your interest toward the school.  While we may not be able to visit every college on our list, there is no better way to get a real feel for the school and many […]

Divorce and College Financial Aid

Naturally, at least half of the families I work with are divorced and I find that this is where people tend to make the most mistakes. These are very costly and easily avoidable mistakes that can be extremely difficult to correct. There are two forms that need to be filled out when applying for financial […]

Show Me The Money

Summer is speeding by and the time for our incoming high school seniors to make their list of potential colleges is quickly approaching.  Many students choose colleges randomly or based on where their friends are looking.  I am constantly telling parents to choose colleges strategically…especially if you are seeking financial aid.  No one wants cost […]