college

More tax benefits for higher education

By |2019-11-24T14:25:44+00:00November 16th, 2019|College, Personal Finance, Taxes|

One way the government encourages behavior that it sees as beneficial is by offering tax breaks. They offer a mortgage interest deduction to encourage homeownership.  They offer deductions to encourage charitable giving. And, they offer tax credits for some college expenses. We wrote about the American Opportunity Tax Credit (AOTC) in an earlier post.  Here [...]

Didn’t qualify for federal aid…? Consider this!

By |2019-11-24T00:47:26+00:00November 9th, 2019|College, Personal Finance, Taxes|

Most people know that they should complete the Free Application for Federal Student Aid (FAFSA) each year that their student is in college (see this post for more info).  The FAFSA will be used as the application for federal student loans and to determine your Expected Family Contribution (EFC) – or whether your family will [...]

What’s next for you?

By |2019-11-03T20:25:53+00:00November 3rd, 2019|Best Life, College, Personal Finance|

So, your son or daughter has finished up their applications.  You have the list of schools divided up into top choices, middle choices and safety schools.  You’re making plans for the holidays and soon you’ll be making plans for graduation.  Looking back, you’ve attended countless games, recitals and performances and scheduled around practices and rehearsals [...]

Paying for College – What you need to know

By |2019-09-09T12:43:16+00:00September 9th, 2019|College, Events, Seminar|

Most families won't have the funding set aside for the full cost of a 4 year degree when their students are ready for college. If you're like most families you will be looking for ways to pay for college without going broke. If your student is in high school it's time to start shifting your [...]

Submit the FAFSA – even if you won’t get aid

By |2019-09-30T18:01:29+00:00October 16th, 2018|College, Uncategorized|

Every year people ask if they should complete the FAFSA (Free Application for Federal Student Aid) if they know they won’t qualify for financial aid.  The answer is Yes! In general, completing the FAFSA isn’t difficult or time consuming.  You might find that the toughest part is coordinating a time with your student to get [...]

The FAFSA opens October 1. Do you have your FSA ID yet?

By |2018-09-20T14:06:56+00:00September 20th, 2018|College|

The Free Application for Federal Student Aid (FAFSA) for the coming school year will be available on October 1.  It’s a good idea to complete the FAFSA every year that your student will be in college.  Before you are ready to sit down and complete the application (it really isn’t difficult), you will need to [...]

Paying for college – How much to take from the 529 plan?

By |2018-07-13T01:44:55+00:00May 3rd, 2018|College|

I am often asked this question – Should I just use my son’s 529 plan to pay for all of the first year of college?  The answer is “Probably not”. What is a 529 plan? A 529 plan allows you to contribute funds to an account on an after-tax basis. The growth on the funds [...]

Paying for college – What you need to know

By |2018-05-08T17:53:08+00:00May 3rd, 2018|College|

Seminar on June 7, 2018 7-9PM Granby Recreation Center - Salmon Brook Park, Granby CT 215 Salmon Brook Street,  Granby, CT 06035 Hosted by Infinity Financial Strategies, LLC Get your tickets here! Most families won't have the funding set aside for the full cost of a 4 year degree when their students are ready for [...]