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The new Simplified FAFSA is here! Here’s a quick video with some tips that will help you get through it with a minimum of chaos and maximum of financial aid. 🔗
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Form 1098-T is a tuition statement that students receive from their college. It serves two primary purposes:
Documenting eligibility to claim the American Opportunity Tax Credit or Lifetime Learning Credit
Documenting that the student was enrolled in a college and that 529 withdrawals up to net cost of attendance are therefore qualified
Form 1098-T isn't filed with your taxes; instead, you use the information to file and then keep it for your records.
Happy 2026! Last year I made a New Year’s Resolution and kept it. That makes me a self-appointed expert on New Year’s resolutions. Here are some resolutions for parents planning for college— and my expert advice on how to keep your resolutions.
If you really mean it when you say, “Please, no more toys!” you need to set up your 529’s gifting page.
Applying to colleges this year? Here’s a last-minute checklist to make sure you end up with good choices.
Highlights
Happy 2026! Last year I made a New Year’s Resolution and kept it. That makes me a self-appointed expert on New Year’s resolutions. Here are some resolutions for parents planning for college— and my expert advice on how to keep your resolutions.
Filing the FAFSA and CSS Profile raises tons of questions for divorced parents. Here are some answers.
We’re almost there: acceptance letters are arriving and the May 1 decision day is right around the corner. For most families, how much schools cost is part of the decision making process.
What is and isn’t an asset on the FAFSA? Here’s a quick “is it or isn’t it?” for you.
Parent assets seem to be the area that most families and planners focus on, despite the fact that they typically have the smallest impact on the formula of each of the components. Strategies and tactics to minimize parent assets abound, but for most families these result more in nibbling around the edges than actually making a significant dent in SAI.
The College Board’s annual Trends in College Pricing and Student Aid report was released recently. Among the headline findings: college tuition prices increased at extremely low rates for the second year in a row, reflecting both a combination of continued impacts of the pandemic and enrollment pressures from demographic trends.
Happy FAFSA Day! Are you completing the FAFSA for the first time this year? While you’re waiting for the site to load, here are some resources that will help you get through it with a minimum of chaos and maximum of financial aid.
I think Oregon is one of the last places in the US that starts school after Labor Day so my apologies if you’re no longer in back-to-school mode. Here are some resolutions your family might make for the coming school year. And, here’s hoping they don’t get broken as quickly as the typical New Year’s diet-and-exercise resolutions!
Categories
The FAFSA & CSS Profile
Saving for College
Student Loans
Application Process
Miscellaneous
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Work Study
A financial aid package often includes work-study as one component. Typically the package includes a dollar sum of work-study income to be used for education costs.
Trends in College Pricing
The College Board’s annual Trends in College Pricing report came out recently and as always, includes some fascinating data.
Outside Scholarships
Outside scholarships are those that come from someone other than the federal government or your school. Examples include National Merit Scholarships, scholarships from you or your parents’ employers, or from other civic institutions.
Superscoring
With standardized test season in full swing, let’s talk briefly about superscoring. (Why, on a paying for college blog, are we talking about standardized tests? Because they’re one of the best tools for earning merit aid.)
Do Parents Support Boys’ College More than Girls’?
FAFSA Income Surprises
Friends are having a FAFSA nightmare: their daughter’s EFC came back as 60% of their income. They suspect the reason for this is that he consolidated his retirement accounts, rolling several over into a single larger account, and that some or all of that rollover is showing as an IRA distribution.
Link to an article I wrote for another blog that discusses the costs to raise a child and the cost of college.
Aid Formulas
Refresher post on the three aid formulas: 1. Federal methodology (FM), based on the FAFSA; 2. Institutional Methodology (IM), based on the CSS PROFILE; and 3. Consensus Methodology (CM), which uses both aid forms. Each aid formula has a different way of calculating a family’s financial strength with respect to ability to pay for college.
2018-2019 FAFSA Formula is Here
Wondering about income and asset protection allowances for the coming FAFSA? The FAFSA EFC Formula Guide for 2018-2019 is available here.
SAT Test Dates
Generally you are better off waiting to take the SAT until you’ve done enough test preparation to do the absolutely best you can. That’s because by the time junior or senior year rolls around, it can be tough to change your GPA by much, but even a little prep can make a big difference in test scores.
A lot of financial advisors tell clients not to use 529s for college savings. If that’s what yours says, you might ask whether they’re acting in your best interest.