1. Helping Your Child to Realize Dreams

    Mother helping daughter with homeworkMost likely, your child has big dreams – that’s part of growing up. Maybe your daughter or son wants to run a company, play a sport in college, or become a politician or astronaut. No matter what the dream or how it might keep changing down the road, you’d like to see your child realize his or her ambitious dreams.

    What are some ways for you to assist, particularly for launching the process? It’s often important to create a road map for success that your child can follow. Consider these tips for how to help your son or daughter set and achieve goals:

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    Categories: College Planning
  2. Strategies for Choosing the Right College

    young woman in dorm roomIf you and your child are in the process of researching and selecting colleges, you know that it can be a long process. One of the things that can contribute to the length of the task is that you’ll want to find a happy medium between a college that your child wants to attend and one that is financially feasible for you.

    The rising cost of college makes the search all the more difficult. As the cost continues to rise, more and more students are becoming saddled with an excessive amount of debt.

    Two excellent solutions to the dilemma are public state universities and two-year community colleges, both of which you’ll want to consider when choosing the right college for your child. Here’s why:

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    Categories: College Planning
  3. “Pre-paid” College: Is it Worth the Investment?

    College Students Chatting in Hallway“Pre-paid” college usually takes the form of pre-paid 529 plans, which are tax-advantaged plans that enable families to lock-in the cost of college at the time that they purchase the plan. Considering that every year the cost of college rises about 2 percent to 3 percent, pre-paid college can be a worthwhile option to consider.

    Disadvantages to traditional pre-paid college plans include a lack of flexibility in the way the money can be used.

    Most 529 prepaid college plans are administered by individual states, and they differ somewhat from state-to-state. Although you can often transfer pre-paid tuition credits from state-to-state, fees do apply, and can add up. For this reason, the biggest saving is when your child attends college in the state where the plan was purchased and administered.

  4. Taking a Gap Year: The Pros and Cons of Taking Time Off Before College

    Young Woman TravelingFor many, the term “gap year” is synonymous with travel. However, travel is only one of many things a student can do when taking a year off between high school and college. In this post, we’ll look at the advantages and drawbacks of taking a gap year between high school and college.

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    Categories: College Planning
  5. Admission Denied: What to Do if Your Child Gets Waitlisted

    Student Receives Waitlist Notice From College Getting waitlisted is not the end of the world. In fact, the National Association of College Admissions Counselors found that 39 percent of colleges put some students on a waitlist in 2009. Once college admissions committees know that they have the space to admit more students, they turn to their waitlist of college applicants and reevaluate whom they want to admit.

    If your child has been waitlisted, there are several considerations to help you determine whether to wait or move on to Plan B:

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    Categories: College Planning