Funding College through Athletic Scholarships

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While it is possible for any child with physical talent to develop into an exceptional athlete, an athlete that attracts the attention of college recruiters and who is offered an athletic scholarship, the truth of the matter is this: That athlete is the exception to the rule. Approximately 4%-5% of all high school athletes will […]

Proper Planning Makes College Worth the Cost

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According to a recent Sallie Mae/Ipsos study, “How America Values College 2018,” more than 85% of families believe they are receiving good value for the price, with more than 20% saying college is worth every penny. In conjunction with those beliefs, students and parents willingly stretch themselves financially to ensure a college education is received. […]

Keep Your Financial Aid – Avoid These Mistakes

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The pursuit of a 4-year college degrees requires a parent file the Free Application for Federal Student Aid (FAFSA) at least four times. Each filing generates a financial aid award letter. The first award letter typically covers only the first year. As each family’s financial situation could change yearly, so could the award. A mistake […]

Financial Mistakes of Gen Xers

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Gen Xers are ruggedly independent and rarely seek attention. Overshadowed by their Millennial or Gen Z children, many are willing to sacrifice retirement in order to reduce or eliminate the school debt their children incur. Commendable? Absolutely! Wise? Not so much… So… What mistakes do they make? Putting the Financial Needs of Their Children before […]

Divorce and College Funding

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Divorce can and often does have a disastrous effect on a family’s long-term plans, affecting savings, retirement, college educations for the children, and much, much more. If you are divorcing, even considering divorce, be sure to include funding for college as a topic of discussion. Reach an agreement upon the contributions each of you will […]

Delaying Retirement Due to School Debt

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School debt in retirement? Yep, it’s trending that way. It’s not your school debt, as you paid that off years ago. Rather, it’s the debt you incurred on behalf of your children. You thought they would take over payments once they were gainfully employed. Their employment, however, doesn’t pay what it should or what was […]

Press Your Luck

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If you’re around my age, you likely remember the 80s game show called “Press Your Luck.” One of my favorites, the contestants often shouted “No Whammies! No Whammies!” Unfortunately, many parents today face a triple whammy…paying for (or helping their children pay for) a college education, preparing financially for their own retirement, and taking care […]