Securing loans for college can be a daunting process. EPR is happy to provide information to help you through the process. Feel welcome to download either of our guides for student loans. We have guides for both Undergraduate Student Loans as well as Graduate Student Loans. Of course, you can always feel welcome to contact [...]
Independent studies have shown that students participating in a college’s work/study program have proportionally higher grade point averages. It may be because they are more focused on completing their education on a limited budget, that they are very motivated individuals, or they are just smart people. The Education Specialists at EPR realize the importance of [...]
Every college has their own formula for providing financial aid. Their exact formulas are not public knowledge. There are resources that provide approximate financial aid information for most colleges. EPR has done the research that gives you insight into those college formulas.
There are legal ways to structure business expenses that reduce the cost of college. EPR understands the benefits that business owners have to lower their children’s college education costs and how to implement strategies that get the job done.
529 plans owned by the grandparents do not have to be listed on the FAFSA, however, FAFSA does require students to report distributions from those plans. Worse, the penalties do not occur until the student’s second year in college, often blindsiding the parents with a reduced financial aid award. If your family has the benefit [...]
Yes. It’s all about a strategic plan, understanding the college and government rules, and meeting with professionals in the field of college planning. If planned well, the result can mean substantial college savings for high income earners. EPR professionals have helped high income earners save thousands.
The current average time that students take to earn their bachelor’s degree is 5.8 years. It’s best to motivate your student to get a 4-year degree in FOUR YEARS. Those extra two years usually adds more than 50% to the cost of a college degree. You can buy a small house with the money saved. [...]
Your Expected Family Contribution (EFC) will be lowered on each child’s FAFSA report when more than one of your children attend college at the same time. The EFC for each child is calculated by dividing a family's EFC by the number of children attending college at the same time, even if they attend different colleges. [...]
It Depends. The value of retirement accounts do not count against you on FAFSA, although the contributions in a given year are added to the EFC. Non-retirement accounts (non-qualified) are assessed on FAFSA for all children and after a certain threshold level for parents. If you have assets that count against you on FAFSA it [...]
YES, if you want to receive financial aid for college. It is a long form with over 100 questions and about that many pages of instructions. The majority of FAFSA forms are filled out incorrectly. In many respects the FAFSA is similar to the IRS 1040 long form. It’s wise to have your FAFSA reviewed [...]