Saving for college is always a good idea. While having significant money in the bank may reduce financial aid eligibility slightly, the amount you save will always help you pay for college much more than the small loss of financial aid will hurt you. But did you know that which family member’s name you save in can have a dramatic effect on the financial aid calculations?

The College Board made a splash a few months ago with its new Adversity Score. After some negative backlash and bad press, they scrapped the score and replaced it with their new Landscape tool. Tune in to find out what all the fuss is about and if the name is the only thing that’s really changing. Breaks from college can wind up being quite expensive for students depending on what they choose to do and how far they travel to do it. We have some thoughts on how not to break the bank during the upcoming winter break. Finally, in Office Hours, we’re breaking down the supplements for Virginia Tech and Santa Clara.

This is part four of an ongoing series we’ve launched on the Insider blog on “Kids and Money.” As you prepare to send your child off to college, you should also be thinking about how to foster in them the skills necessary to build financial independence. In this series, we’re discussing how students can earn, spend, save, borrow, and protect their money in a way that aligns with personal and family values. Type “Kids and Money” into our Search Box to find all installments of the series.

Ever feel like you are becoming a mobile cash machine for your children? Until now in our Kids and Money series, I’ve been talking about helping your kids dream and set SMAAHT financial goals; well, now it’s your turn to dream of what life could look like by helping your kids manage their own money (and leave yours alone!).

This is part three of an ongoing series we’ve launched on the Insider blog on “Kids and Money.” As you prepare to send your child off to college, you should also be thinking about how to foster in them the skills necessary to build financial independence. In this series, we’re discussing how students can earn, spend, save, borrow, and protect their money in a way that aligns with personal and family values. Type “Kids and Money” into our Search Box to find all installments of the series.

As summer jobs come to an end and the new school year quickly approaches, now is the perfect time to be planning with your kids on how to divvy up any leftover summer job earnings.

This is part two of an ongoing series we’ve launched on the Insider blog on “Kids and Money.” As you prepare to send your child off to college, you should also be thinking about how to foster in them the skills necessary to build financial independence. In this series, we’re discussing how students can earn, spend, save, borrow, and protect their money in a way that aligns with personal and family values. Type “Kids and Money” into our Search Box to find all installments of the series.

How Many Years Can I Receive Financial Aid for College?

It takes 4 years for a student to complete a typical undergraduate degree, right? Not necessarily. Today, students are taking longer to graduate for a variety of reasons, from a decline in personal and institutional resources to indecision about choice of major at the time of enrollment. If you’re currently weighing options for a fifth year (or more) of college, we’ve provided a few things to consider as you manage your college payment plan.

150 Percent Rule for Subsidized Direct Student Loans: A new federal regulation may impact students who receive Federal Subsidized Direct Loans. These programs are now available for only 150 percent of the semesters that the college publishes as the typical time it takes students to complete their degree or certificate. This “150 percent rule” means students in a four-year degree program will be eligible for subsidized student loans for the equivalent of six years.  Eligible fifth and sixth year students should be able to benefit from this loan program as long as they meet the college’s definition of Satisfactory Academic Progress (SAP) and are on track to graduate within this time frame.

This is part one of an ongoing series we’re launching on the Insider blog on “Kids and Money.” As you prepare to send your child off to college, you should also be thinking about how to foster in them the skills necessary to build financial independence. In this series, we’re going to discuss how students can earn, spend, save, borrow, and protect their money in a way that aligns with personal and family values. Type “Kids and Money” into our Search Box to find all installments of the series.

Whether your child is old enough for a “traditional” summer job or not, there are definitely ways that kids of all age—teens, tweens, and younger kids—can make money during the summer, put their time to good use, and start saving.

In the world of college admissions, nothing may be more frustrating than the waitlist offer. “Thanks so much for applying. I know you were expecting an answer, but we need you to wait for yours just a little bit longer than everyone else.” On this episode of Getting In: A College Coach Conversation, we’ll offer some perspective by reviewing the waitlist trends we saw last year and offering suggestions for how to approach your own waitlist status.

How to Instill a Spirit of Saving in Children

As parents, we understand the value of saving. We also know that the earlier one begins to stash money away, the better off one will be in the long run. Teaching children financial literacy concepts and encouraging them to save early is key. How, then, do we instill a spirit of saving in our children? I’ll share a few ideas that have helped my children learn—and get excited—about saving.

At the dawn of the New Year, many parents resolved to make 2019 the year they kick their college savings into gear. Some parents hesitate to save, however, assuming their savings will cost them financial aid. Is this a correct assumption to make? Former St. Olaf College financial aid officer, Kathy Ruby, tells us in the latest installment of our video series, Ask the College Finance Expert, when she answers the question, “Will Saving for College Cost Me Financial Aid?”