Student Loan Debt Cancellation – What You Need to Know Recently, President Biden extended the student loan payment pause until 12/31/2022 and announced that $10,000 of federal student loans would be cancelled for those making less than $125,000 annually or $250,000 if a married couple. People who also received Pell grants will be able to …
Summer is a great time for young people to get jobs, earn extra cash, and potentially begin building their savings. Many clients want to know: what’s the best long-term solution for savings? Bank accounts can serve a great purpose, but if you want the money to begin making a difference to their future, Wealth Planning …
How to Save: Guidance for Teens & Young Professionals Read More »
Sometimes, all you need is an expert to help you get started. Wealth Planning Corporation is here to help. We’ve created a “Top 3” series to get your thoughts focused on a variety of financial planning topics. Have a specific area that you want guidance in? Let us know! You can contact us here. Top …
Can You Appeal Your Financial Aid Offer? YES! It is not only possible; but, in some cases, recommended. A couple thousand dollars may not sound like much when you are looking at the overall college expense, but it is still real money…your money. Colleges do NOT like to negotiate…so find a better approach. Do not …
Do you have a college graduate entering the workforce? Are you getting ready to send someone off and worried they need a bit of financial guidance to ensure their success? Historically, this is the time of year when we hear “hey would you be able to talk to my graduate about spending and savings habits?” …
College admissions for high school seniors is well underway; and we all know this can be a stressful time for students and parents. I know firsthand having gone through it recently with my two daughters and having two sons who are fast approaching the college search! Am I going to get admitted to my first choice? Will I go out of state or stay local? …
Avoiding Late Fees, Duplication of Health Insurance Premiums & Interest Charges Just as you carefully review your credit card statements, you should look through your student’s college billing statement line by line – reading for both understanding and errors! NOTIFICATION One thing to note, most schools now send only email notifications to the student and …
✓ Create a Budget Simple list of monthly expenses classified as either needs (gas) or wants (movie): 50/20/30 Rule – 50% Fixed expenses, 20% Savings, 30% Discretionary items Compare to monthly income and adjust as needed to stay positive ✓ Build an Emergency Fund Accumulate 3-6 months of expenses so you have back up fund …
What is the reality of college pricing and how can you save on the costs? High schools focus on how to navigate the admissions process and meet the deadlines…. But getting answers to key financial questions can be difficult. What is the EFC and how to estimate yours? Which scholarships to target? How to research …
