In An Era Of Inequity, More And More College Financial Aid Is Going To The Rich

In An Era Of Inequity, More And More College Financial Aid Is Going To The Rich

Poor students still get money, but higher-income classmates get a growing share ITHACA, N.Y. — Maya Portillo started life solidly in the middle class. Both her parents were college graduates, they sent her to a Montessori school, they took family vacations and they owned a house in Tucson filled with the books she loved to read. Then, when she was 10, Portillo’s father left, the house was foreclosed on and the recession hit. Her mother was laid off, fell into debt and took Portillo and her....

Read More

U.S. Department of Education Releases Additional Funding to Support Schools and Students Impacted by Hurricanes

U.S. Department of Education Releases Additional Funding to Support Schools and Students Impacted by Hurricanes

Supplemental Federal Work-Study Program funding awarded to more than 900 schools Washington — Secretary of Education Betsy DeVos today announced $10.4 million in additional funds to assist students at more than 900 schools affected by the recent natural disasters. The Federal Work-Study (FWS) Program funds will be distributed to schools located in Federal Emergency Management Agency-declared major disaster areas impacted by hurricanes Harvey, Irma and Maria, as well as schools across the n....

Read More

Rate of Return vs. Return on Investment - Selling Cash Value Life Insurance In A Rising Stock Market

Rate of Return vs. Return on Investment - Selling Cash Value Life Insurance In A Rising Stock Market

I had a few really good conversations with advisors over the last few months about how to generate more clients. So, I thought it would be good to discuss a conversation I recently had a with a guy named George.  He was an employee of a friend of mine. He was looking for ways to cut his daughter’s upcoming college costs.  She had just informed him that she wanted to attend a private college that would cost him about $50,000 a year. According to my friend, George is a smart guy that has done....

Read More

DEPARTMENT OF EDUCATION ANNOUNCES NEW VISION FOR DELIVERY OF FEDERAL STUDENT AID

DEPARTMENT OF EDUCATION ANNOUNCES NEW VISION FOR DELIVERY OF FEDERAL STUDENT AID

On Nov. 29, 2017, Dr. A. Wayne Johnson, chief operating officer of the U.S. Department of Education's office of Federal Student Aid (FSA), announced the Next Generation (Next Gen) Financial Services Environment, which will modernize the technology and operational components that support the federal student aid programs. Students, parents, and borrowers will begin seeing meaningful improvements in the customer experience in early 2018, with significant technology and operational infrastructure ch....

Read More