The Free Application for Federal Student Aid (FAFSA) will undergo significant revisions soon, and college financial advisors and their families need to be aware of these changes. Congress passed these new laws in their 2021 pandemic relief appropriations bill, which will begin in the 2023-2024 (for current high school sophomores) school year. The intent is to improve the student’s financial aid predictability in the future. Here’s a summary of these FAFSA changes: FAFSA SIMPLIFICAT....
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The two top questions asked by financial advisors when looking to become a Certified College Funding Specialist (CCFS®) are, “How can I make money using college funding in my business?” To start, “college” is a subject that focuses on what your prospects love... their kids. And given today’s COVID-19 scare, students are confused as to whether to learn on-campus or at home - or whether or not to attend college at all. Yes, families have questions, plenty of questions, and have no idea....
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Here’s Two College Tax Strategies That You Can Use to Attract Small Business Owners COVID-19 has put many small business owners at risk. Sales are down for most, some have had to borrow money to keep employees, and some have even cut their salaries to keep the business running. If a business owner also has children attending or about to attend college, it only adds to the burden. One of the best combo strategies I ever used with high net worth business owners was to hire their kid in their b....
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In the middle of our current economic and health crisis, there’s a disturbing trend in higher education: Fewer high school seniors are filling out the Free Application for Federal Student Aid, which is typically the first step in receiving federal and state grants, federal loans and institutional aid for college. The FAFSA application opened on Oct. 1, and as of Oct. 23, about 492,000 FAFSA completions had been filed from the high school class of 2021 – 16 percent fewer completions than t....
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