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How much student loan interest is deductible?

As we approach tax season,  trying to find the best ways to deduct student loan interest should, discover the best tax filing method and review your loan repayment method should be considered along with taxes due.  The question is how much student loan interest is deductible?  One issue that many borrowers face is finding the [...]

How much student loan interest is deductible?2020-02-18T11:08:11-05:00

College Students setting New Year Resolutions

As we start 2020, many of us form new resolutions hoping to improve ourselves and our lives. Most of these resolutions focus on improving an aspect of our life or eliminating a bad habit.  For me, I determine my resolutions by reflecting on the successes and challenges I have had over the past year.  Just [...]

College Students setting New Year Resolutions2020-02-07T13:56:18-05:00

Year End College Funding and Student Loan Planning Tips

We are approaching the end of 2019 and it is a time when many people set goals for the New Year.  It is a busy time but it should include a quick review of your 2019 finances.  For families, in the thick of paying for college and student loan repayment, now is the time to [...]

Year End College Funding and Student Loan Planning Tips2020-02-18T11:17:22-05:00

5 Reasons College Planning Software Can Save Time & Money

Trying to develop a college list and evaluate the net cost of each institution can be both time consuming and frustrating.  Typically, families will need to search each college website, find the net price calculator and then re-enter the same data multiple times.  With many of the net price calculators not having the same quality [...]

5 Reasons College Planning Software Can Save Time & Money2020-02-18T10:24:36-05:00

Navigating Financial Aid & Student Debt in Divorce

I was asked the other day, “Is there really a student debt crisis, or is it a small number of recent grads complaining about their finances because they did not prepare well enough for their future?” At first, I was taken aback because I live in this world as a father of four young children [...]

Navigating Financial Aid & Student Debt in Divorce2020-02-18T11:19:10-05:00

Does the average college student understand their student loan debt?

I recently saw an interesting T-shirt that stated “Best 5 Years of My Life”.  On the other side of the shirt was the name of a large state university.  The name of the institution does not matter since the US government is using a six-year standard in many of their graduation measurements.  I mention this [...]

Does the average college student understand their student loan debt?2019-11-23T16:09:17-05:00

Employee Financial Wellness Should Include Student Loan Assistance

As student debt continues to increase, more employers are beginning to include student loan assistance as a financial wellness benefit in the workplace.  Current solutions only help a fraction of employees, mainly employees with student loans. PayForED believes a broader approach to the student loan decision needs to be taken.  The amount of financial stress [...]

Employee Financial Wellness Should Include Student Loan Assistance2019-11-23T16:17:14-05:00

Asset Retention: Advisors Should Start Courting their Client’s Kids

The financial service industry is facing two major hurdles in the next decade.  The first is the wealth transfer of 30 trillion dollars from Boomers to the next-gen.  The second is a large group of financial advisors, plan to retire.  As these come together, financial advisors will need to manage both to maximize the sale [...]

Asset Retention: Advisors Should Start Courting their Client’s Kids2020-02-18T11:21:54-05:00

10 Tips for Paying for College and Avoiding Excessive Debt

Every year, while in college, students make college student loan decisions that will affect their financial future. They are part of the 21 million people that are accumulating student loan debt.  I consider these college students to be the "Forgotten Group" since there are minimal resources to help them with their student debt decisions. Some [...]

10 Tips for Paying for College and Avoiding Excessive Debt2020-02-18T11:22:35-05:00

FAFSA: How to Handle Financial Changes

How do families handle FAFSA changes if their financial situation is different?  Life is constantly changing and current financial circumstances may be different than the tax information reported on the 2020-2021 FAFSA form.  If this is so, follow the below steps to report your current financial circumstance. Here are things you need to review if [...]

FAFSA: How to Handle Financial Changes2020-02-07T14:01:54-05:00