LaTest News
Private 529 Plan - Podcast Guest
I recently had the pleasure of speaking on the Private 529 Plan podcast with Jonathan Sparling. We talked about Net Price and why it is the most important number to focus on when comparing the cost of various colleges.
Retirement Contributions and Financial Aid
Do contributions to qualified retirement accounts in the base year get counted as part of the family’s AGI? Do Roth IRA contributions in the base year get added back to income? Can I enter the tax assessment value of my home on the CSS Profile? How are annuities and insurance treated for financial aid purposes?
Home Equity Loans and Financial Aid
Should I take out a home equity loan to increase the chances of financial aid? Would a home equity loan be considered debt in the financial aid formula? Would our primary home - that we no longer live in and rent out - be considered an asset for FASFA? Would proceeds from the sale of our home that are sitting in a bank account be assessed as parental assets
Parent assets and income versus Student income. Treatment of Custodial 529 assets plus Coverdell Education Savings
How are parent assets assessed? What about parent income? How does student income impact aid? How are custodial 529 assets treated? What about Coverdell Education Savings Accounts?
Filing the FASFA and CSS Profile - should you file, merit aid, renewing, multiple schools
Should I file the FASFA if I don’t qualify for financial aid? Is the FASFA required to qualify for merit aid? Do I have to renew the FASFA annually? Can I update info on the FASFA? Do I have to fill out the CSS Profile for more than one school? Is the CSS Profile free?
Retirement Assets, Elder Care, Same-Sex Couple
Should I report retirement assets on the FASFA? Can elder care expenses help our chances for financial aid? What are the rules for same-sex couples?
Divorced or Separated
What status do I use when filing?
Who files? How does alimony affect things?
Applications/Finances
When can I file applications for aid? What year does my financial information count for aid?
College Aid Applications
What applications must I complete if I’m seeking financial aid for my child to go to college?
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