Nothing will change from the admissions group's current policy, which it altered under pressure in September. But the college admissions world may see real changes ahead. The Justice Department sued the National Association for College Admission Counseling on Thursday for allegedly violating antitrust rules, but it simultaneously settled the suit with a proposed consent decree based on changes NACAC has already made to its rules. The news was predicted by NACAC at its September annual meeting ....
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This newly adopted free-market change puts financial advisors in the driver's seat with middle and upper-income clients by showing them how to barter with colleges for pricing incentives! Here is a common excuse I hear from financial advisors regarding college... “Ron, I love the idea of college planning and helping people with their finances, but most college-bound families usually don’t have any money to invest. And high-income investment prospects know they won’t qualify for f....
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The cost of a college education today has reached “crisis mode.” The cost of most large state universities are over $30,000 a year per student and some elite schools, such as Yale U, have price tags approaching $80,000 a year per student. Most families with two, or more, students cannot afford to fund their future retirement and pay for college at the same time. You know the high cost of college is in crisis mode when politicians use it as a major election platform. They scream “f....
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The Department of Education (DOE) recently announced the annual updates to the tables used in the statutory Federal Need Analysis Methodology that determines a student’s Expected Family Contribution (EFC) for the award year 2020-2021 for student financial aid programs. The Higher Education Act requires the DOE to update these tables for price inflation annually: Income Protection Allowance (Student & Parents) Adjusted Net Worth (NW) of a Business or Farm Asset Protection Allowance....
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