Keep in mind that student assets are assessed on the FAFSA and can actually hurt more than they help.
Student accounts are assessed at a higher rate than parent accounts and increase the entire Expected Family Contribution (EFC).
Parents and teens should talk about college savings, spending and potential debt frequently.
Again, these conversations reiterate expectations and commitments that have been discussed together.
It is an event organized in the holidays and aimed at teaching various new skills to students in order to promote a learning environment and to equip them with real world skills, apart from the set academic learning.
The progress of a student in these camps on various activities is closely monitored by counsellors and expert teachers present there. Some involve overnight stay where kids learn to look after themselves in the absence of their parents.
Parents can set up automatic deposits to this account on a monthly basis – even if it’s just per paycheck.
A dollar saved is a dollar less your family will have to borrow to pay for college.
In high school, preferably freshmen or sophomore year, talk together about savings goals for college.
If you’ve been saving for your child’s education, talk to them about what the total will look like when they’re ready to enroll.