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Saving for Your Retirement vs. Saving for Your Child’s Higher Education: How a Financial Advisor Views the Choice

The choice between applying savings to retirement versus to a child’s higher education (usually through a 529) is a comm...

10 European countries with free or virtually free college tuition

Contrary to what you might expect, studying abroad can actually save you money.

Are college students eligible for government benefits programs?

As the cost of college continues to rise, a considerable number of college students are being classified as food- or hou...

How are assets treated on the FAFSA?

When you’re filling out the Free Application for Federal Student Aid (FAFSA), you may think that you and your family’s i...

What is the average student loan debt?

You’ve probably seen the reports and articles about the student loan debt crisis in America. How millions of people are ...

What Jobs Are Available During College?

As a student, you may be responsible for all or the majority of the cost of attending college, or maybe you just need so...

How To Choose the Right Meal Plan for Your Budget

Once you are accepted to college, it’s time to make some other logistical choices. Many students don’t even consider cho...

What are Income Sharing Agreements and Are They Right for Me?

Heading into your college career the thought of thousands of dollars of student loan debt can be a burdensome feeling.

How to Save for College in Massachusetts: Speaking with MEFA and Inversant

There does not appear to be any indication that college tuition and living expenses will decrease in the immediate futur...

Moving to College on a Budget: 5 Things You Can Do Right Now

As you tear open your acceptance letter, you feel a sigh of relief come over you. You are in! You look at your paperwork...

What should I know before cosigning a student loan?

Sometimes federal student loans issued to students aren’t enough to pay for college after scholarships, savings, parent ...

What Happens if I'm Denied for a Parent PLUS Loan?

If you apply for a Parent PLUS Loan and are denied, you may be wondering what your alternatives are for financing your c...

U.S. Private Colleges that Offer the Most Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

How will Student Loans Impact My Taxes?

If you have student loans, then you may be wondering how they will affect you at tax time.  The good news is that you ca...

8 Essential To-Do’s After Accepting a College Admissions Offer

You are finally able to take a breath. Endless college essays, test scores, recommendations, and scholarship application...

How will financial aid impact my taxes?

Scholarships, grants, and fellowships (which fall under “gift aid”) are often described as “free money” since they don’t...

How the University of North Texas (UNT) helps students succeed financially

 Understanding basic money management skills like living within a budget and understanding credit and debt is very impor...

What should you do in college to maximize your success after graduation?

You might have heard the phrase before: “it’s not where you go, it’s what you do when you’re there.” While we should be ...

Introducing: Edmit Badges

Here at Edmit, we are dedicated to helping families make smarter financial decisions about one of the largest purchases ...

How Often are Financial Aid Appeals Approved?

Every colleges is a bit different when it comes to financial aid appeals. Some are very systematic and formulaic, while ...

What are Need-Blind vs. Need-Aware Colleges?

What are Need-Blind Schools? Need blind admissions policies do not take into account a student’s socioeconomic status. T...

Should I Submit FAFSA Even if I'm Not Applying for Financial Aid?

No one likes filling out the FAFSA - and you may be tempted to bypass this part of the college process if you think your...

What’s the Difference Between a College and a University?

In the U.S., many people use the terms “college” and “university” interchangeably. Here’s how a college is different fro...

Which College Majors Make the Most Money? The Answer May Surprise You

Which college majors pay the most?  Researcher Hannah Kwak looks into the top college majors in demand offering high ear...

Can Grandparents Deduct College Tuition?

If grandparents will be helping with college tuition, there may be gift tax implications.

Financial Aid 101: Need Blind vs Need Aware Colleges

When it comes to financial aid, need blind colleges and need aware colleges approach admissions differently. Find out wh...

How Much Student Loan Debt is Too Much?

Here at Edmit, we are hearing from both parents and students that they are afraid student loan debt will harm their futu...

Can I Get a Scholarship for Video Games?

Talented e-jocks (aka competitive video gamers) may be eligible for university financial aid.   

Top Four College Tax Breaks: Do You Qualify?

If you’re a parent paying for college, I bet you feel like you could sure use a break. Well, you’re in luck. You might q...

How Can I Apply to College for Free?

If you’re a student getting ready to apply for college, you might experience some shock when it comes time to pay for th...

Western Colleges that Offer the Least Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Western Colleges that Offer the Most Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Midwestern Colleges that Offer the Least Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Midwestern Colleges that Offer the Most Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Southern Colleges that Offer the Least Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Southern Colleges that Offer the Most Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Northeast Colleges that Offer the Least Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Northeast Colleges that Offer the Most Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

U.S. Private Colleges that Offer the Least Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

U.S. Public Colleges that Offer the Least Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

U.S. Public Colleges that Offer the Most Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

U.S. Colleges that Offer the Least Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

U.S. Colleges that Offer the Most Student Loan Assistance

Most every college and university in the United States provides need-based financial aid to students.  However, need-bas...

Western Colleges That Cost More Than $60 To Apply To

If you have dreams of a West Coast college experience, and want to apply to a several colleges in the region, you’ll wan...

Colleges in The South That Cost More Than $60 To Apply To

If you plan to head to the South for college experience, and want to apply to a several colleges in the region, you’ll w...

These Three Midwestern Colleges Cost More than $60 To Apply To

If you plan to head to the Midwest for college, and want to apply to a few colleges in the region, you’ll want to take n...

New England Colleges That Cost More Than $60 Just To Apply To

If you’ve dreamed of spending your college days among the charm of New England, and want to apply to a few colleges in t...

20 Western Colleges That Cost Less Than $39 to Apply To

If you’ve dreamed of heading West for college, and want to apply to a a few colleges near the Pacific, you’ll be happy t...

These Colleges In The South Are Extremely Affordable To Apply To

If you’ve had your heart set on going to school in the South, and want to apply to a bunch of colleges, you’ll be happy ...

You Can Apply To All Of These Midwestern Colleges For Under $39

If you’ve had your heart set on going to school in the Midwest, and want to apply to a bunch of colleges, you’ll be happ...

34 New England Colleges That Cost Less Than $35 To Apply To

If you’ve had your heart set on going to school in the New England Area, and want to apply to a bunch of colleges, you’l...

Colleges With No Application Fees

Before even deciding which college you ultimately want to attend, you have to apply to get in.

How Much Should I Budget for College Application Fees?

If your child is about to be college age, it’s likely you’ve been thinking about how to pay and budget for college.

How Can I Pay for College with Bad Credit?

If you are a parent of a soon-to-be college aged student, and you have bad credit, you might be worried that it will aff...

What is “Percent Need Met” in Financial Aid?

The price of attending a college or university is substantial, especially if you have to pay for school in full - meanin...

Do I Have to Wait Until Our Tax Return is Out to File FAFSA?

You may already know that the Free Application for Federal Student Aid, also known as the FAFSA, can be key to helping y...

US Schools that Cover Most of Your Financial Need

College is an expensive adventure. The good news is that there are a lot of schools that aim to cover your financial nee...

Meet Your New Best Friend: Your Financial Aid Office

We often hear from families that they are confused about what the financial office actually does, and how to work with i...

Which Colleges in the West Award Merit-Based Financial Aid to the Most Students?

If you are applying to colleges in the West, then you may be wondering which colleges and universities in the region awa...

Which Colleges in the Midwest Award Merit-Based Financial Aid to the Most Students?

If you are applying to colleges in the Midwest, then you may be wondering which colleges and universities in the region ...

Which Colleges in the South Award Merit-Based Financial Aid to the Most Students?

If you are applying to colleges in the South, then you may be wondering which colleges and universities in the region aw...

Which Colleges in the Northeast Award Merit-Based Financial Aid to the Most Students?

If you are applying to colleges in the Northeast, then you may be wondering which colleges and universities in the regio...

Which Private Colleges Award Merit Scholarships to the Most Students?

If you are applying to private colleges, then you may be wondering which private colleges and universities award merit-b...

Which Public Universities Award Merit Scholarships to the Most Students?

If you are applying to college, then you may be wondering which public colleges and universities award merit-based schol...

Which Colleges Award Merit-Based Scholarships to the Most Students?

If you are applying to college, then you may be wondering which colleges award merit-based scholarships to the most stud...

What is the Difference Between College Degrees?

Welcome to the world of higher education! There are so many options and so much terminology in this place, where do you ...

West Coast schools that Cover Most of Your Financial Need

Interested in going west and settling on the coast for your college experience? Make it as affordable as possible by att...

Schools in the Southeast that Cover Most of Your Financial Need

College is expensive no matter where in the country you go. If you’re interested in going to school in the southeast of ...

Schools in the Southwest that Cover Most of Your Financial Need

Are you interested in going to school in the American Southwest? Consider the ten schools in Texas and Oklahoma that cov...

Rocky Mountain Schools that Cover Most of Your Financial Need

Calling all mountain climbers, skiers and all-around adventurers who are interested in findings a school willing to cove...

Schools in the Mid-East Region of the US that Cover Most of Your Financial Need

Are you interested in going to school in the mid-east region of the United States? Here is a list of the ten schools in ...

Schools in the Plains Region that Cover Most of Your Financial Need

The US plains region is large and wide. If you’re interested in going to school there, check out this list of schools th...

Schools in the Great Lakes Region that Cover Most of Your Financial Need

College is expensive no matter where in the country you go. If you’re interested in exploring affordable schooling optio...

New England Schools that Cover Most of your Financial Need

College is expensive no matter where in the country you go. If you’re interested in going to school in New England, cons...

Schools in the Southeast that Cover 100% of Financial Need

  Explore the nine schools across four southeast states that meet 100% of financial need for all accepted students.

The School in the Southwest that Covers 100% of Financial Need

The southwestern part of the United States is large and sprawling. And for all the great schools in the south, only one ...

The Rocky Mountain School that Covers 100% of Financial Need

There are many colleges and universities across the United States that are willing to cover 100% of financial need for a...

Schools in the Plains Region that Cover 100% of Financial Need

As we move across the country looking for the best aid offers in the United States, it’s time to look into the plains re...

Schools in the Great Lakes Region that Cover 100% of Financial Need

Did you know that Lake Superior holds 10% of the entire world’s fresh surface water? Or that Lake Erie is home to a sea ...

New England Schools that Cover 100% of Financial Need

Interested in going to school in the New England area? Check out this list of schools in New England offering 100% finan...

West Coast Schools that Cover 100% of Financial Need

The west coast, with its redwood trees up north and its subtropical beaches down south, is diverse in more than just tem...

Edmit Wins Startup Competition at SXSWEDU

We're thrilled to announce that we won the best startup award at SXSW EDU last week in Austin!

Are there Estate Tax Benefits for 529 Plans?

If you are considering establishing a 529 college savings plan to finance a child’s higher education, then you may be wo...

Can I Have 529 Plans from Multiple States?

If you are evaluating 529 college savings plans to save money for a child’s higher education, then you may be wondering ...

How is Income Treated on the FAFSA?

If you are applying for financial aid to pay for a college education, then you may be wondering how your family’s income...

How Would Capital Gains Impact My Financial Aid?

If you are considering selling financial assets, such as stocks, bonds, or mutual funds, to pay for a college education,...

How Indiana University's MoneySmarts Program Helps Students Reduce Debt

 

8 Winning Strategies for Negotiating Your Merit Scholarship

The following post is written by Shannon Vasconcelos, Director of College Finance, College Coach.

What is an UGMA Account?

You may have heard the acronym “UGMA” in reference to saving for a child’s college education, but what does it mean?  Mo...

What is an UTMA?

You may have heard the acronym “UTMA” in reference to saving for a child’s college education, but what does it mean?  Mo...

What are the Lowest-Paying College Majors?

Among the many factors which can determine the value of your college degree, such as job satisfaction or personal aptitu...

What is a Coverdell ESA?

If you want to save money for a child’s college education, then you may be wondering about Coverdell Education Savings A...

What is a Research University?

With the incredible pool of colleges and universities available around the world, it can be daunting to even begin your ...

Why Would I Attend a School that Doesn’t Cover 100% of My Financial Need?

There are so many colleges in the United States and around the world all with their own unique qualities. For each futur...

Private Schools that Will Cover All or Most of Your Financial Need

There are a whole lot of private schools in the US that are willing to cover nearly 100% of financial need for every stu...

Schools in the Mid-East Region of the US that Cover 100% of Financial Need

There are a whole lot of schools in New York, Pennsylvania, New Jersey, Maryland, and Washington DC that are offering 10...

Public schools that Cover All or Most of Your Financial Need

Are you looking to go to a public college or university? There are some amazing public schools in the United States and ...

What’s the Difference Between Getting 100% of Financial Need Covered and Getting a “Full Ride”?

Parents and students alike are looking to make college more affordable. There are a variety of ways that schools and sch...

What Does Demonstrated Financial Need Mean?

When applying for college or university, the first thing any student and family should do is complete the FAFSAⓇ. The FA...

What Does it Mean When a School Covers 100% of Need?

Going to college is expensive - or at least it can be. To combat this, there are some schools that claim to cover 100% o...

Schools that Cover 100% of Your Financial Need

We have great news! There are a lot of schools across the United States that cover 100% of student financial need.

What Can I Spend My Merit Award On?

If you have received a merit scholarship, first of all: congratulations!  Now you may be wondering what exactly you can ...

What is a Title IV School?

Title IV: You might have seen this term around during your college research. Whether or not your school of choice is a T...

Which Colleges in the West Offer the Largest Tuition Discounts to Low-Income Families?

If you are interested in attending college in the West, then you may be wondering which colleges or universities in the ...

Which Colleges in the Midwest Offer the Largest Tuition Discounts to Low-Income Families?

If you are interested in attending college in the Midwest, then you may be wondering which colleges or universities in t...

Which Colleges in the South Offer the Largest Tuition Discounts to Low-Income Families?

If you are interested in attending college in the South, then you may be wondering which colleges or universities in the...

Which Colleges in the Northeast Offer the Largest Tuition Discounts to Low-Income Families?

If you are interested in attending college in the Northeast, then you may be wondering which colleges or universities in...

Which Public Colleges & Universities Offer the Largest Tuition Discounts to Low-Income Families?

If you are interested in attending a public college or university, then you may be wondering which private institutions ...

Which Private Colleges Offer the Largest Tuition Discounts to Low-Income Families?

If you are interested in attending a private college or university, then you may be wondering which private institutions...

Do Merit Awards Affect My Financial Aid?

If you are applying to colleges, then you may be wondering if receiving a merit scholarship affects your financial aid. ...

How Many Merit Scholarships Can I Get?

If you are applying for merit scholarships, then you may be wondering if there is a limit on how many merit scholarships...

Do I Have to Pay Taxes on My Financial Aid?

If you receive financial aid to pay for your - or your child’s - college education, then you may be wondering if you nee...

What Documents Do I Need to Apply for Financial Aid?

Deciding how to finance your education can be a daunting task. You’ve done the hard part - you’ve earned the grades, you...

Does Financial Aid Cover Room And Board?

When researching the cost of college, most people focus on tuition rates. However, the total cost of college is based on...

10 States With Least Expensive Room And Board

At some universities, living in the college dorms is not only part of the university experience, but it’s also mandatory...

10 States With The Most Expensive Room And Board

If you’re thinking about going to college out-of-state or attending a college that requires students to live on-campus, ...

How Can I Apply for Merit Scholarships? (What Merit Scholarships Can I Apply For?)

If you are applying for college financial aid, then you may be wondering how you can apply for merit scholarships, and w...

How do I Qualify for a Merit Scholarship?

Did you know that some colleges award merit scholarships to more than 90 percent of students?  And that some schools all...

Colleges With Free Room And Board

When researching colleges, it’s equally important to look at rates for tuition and room and board. The average cost of r...

How To Pay For Room And Board In College

Many students find that their Expected Family Contribution (EFC) is much higher than anticipated, and they are left with...

What is a Merit Scholarship?

If you are applying to college, then you may have heard something about merit scholarships. But what are they, exactly? ...

What’s the Difference Between Merit-Based and Need-Based Financial Aid?

If you are applying for college financial aid, then you may be wondering what the differences are between merit-based an...

Paying for University of Alabama

The University of Alabama Office of Financial Aid has financial aid advisors available as well as a staffed computer lab...

Paying for Temple University

Temple University encourages its students to apply early for optimum financial aid consideration. This includes not only...

Paying for Emory University

Emory University’s Financial Aid Office links to several resources that will help you pay for your college career at Emo...

Paying for SUNY at Binghamton

SUNY Binghamton provides financial aid packages to its students based on both merit and need. Financial need is determin...

Paying for San Diego State University

San Diego State University provides financial aid to students to help pay for their education. Financial aid packages ar...

Paying for Fordham University

Fordham University provides many resources to help students navigate how they will pay for school. There is the Costs an...

Paying for Texas A&M University

Texas A&M University provides comprehensive financial aid packages to its incoming and continuing students. In order to ...

Paying for Rutgers University

Rutgers University’s Office of Financial Aid provides need-based financial aid packages to its students. These packages ...

Paying for Quinnipiac University

Quinnipiac University provides students with personalized admissions counselors  to help navigate the admissions and fin...

Paying for North Carolina State University at Raleigh

North Carolina State University at Raleigh offers many different ways to help students pay for their education. Students...

Paying for Michigan State University

Michigan State University provides several ways to help students pay for their education. Need-based aid is provided to ...

Paying for George Washington University

George Washington University works to help students navigate paying for their education. At GWU, students benefit from t...

Paying for Florida State University

Paying for Florida State University is easier with access to a wide variety of resources and programs. The FSU Admission...

Paying for Florida Atlantic University

Florida Atlantic University prospective students wishing to receive need-based aid must begin by filling out the FAFSA f...

Paying for Endicott College

Endicott College requires students to complete the FAFSA as well as Endicott’s own financial aid application in order to...

Paying for Drake University

Drake University Office of Student Financial Planning will help new, prospective, and continuing students navigate their...

Paying for Colorado State University

Colorado State University provides merit and need-based aid to its incoming students. Students wishing to be considered ...

5 Public Universities with Affordable Room and Board

According to the 2018 College Board Trends in College Pricing report, the average cost of room and board at four-year pu...

Do You Have to Pay Room and Board If You Live at Home?

Do You Have to Pay Room and Board if You Live at Home?

How Does Room and Board Affect the Cost of Attendance?

The Cost of Attendance (COA) is an estimate of all allowable costs (see more on allowable cost below) for the period of ...

5 Private Colleges with Affordable Room and Board

According to the College Board's annual Trends in College Prices study, the average room and board cost for private coll...

Can a 529 Plan Be Used to Pay for Room and Board?

What is a 529 Plan?

5 Things to Consider If You Plan to Live Off-Campus

Living off-campus has many perks including more space, privacy, and freedom than most on-campus dorms. However, not all ...

Can More than One Parent Borrow a PLUS Loan for the Same Year?

If you are considering obtaining a Parent PLUS Loan to finance your child’s college education, then you may be wondering...

Can Parent PLUS Loans be Written Off on Your Taxes?

If you borrowed money in the form of a Parent PLUS Loan to finance your child’s college education, then you may be wonde...

Paying for Purdue University (Main Campus)

Purdue University offers many ways to help students pay for their education at the University. Students are encouraged t...

Paying for The College of the Holy Cross

The College of the Holy Cross provides an assortment of ways to help students pay for their tuition and fees and related...

Paying for Ohio State University (Main Campus)

Ohio State University offers its admitted undergraduate students with its Tuition Guarantee which promises to keep tuiti...

Paying for Northwestern University

Northwestern University offers need-based financial aid to its incoming students. Although they recognize other outside ...

Paying for James Madison University

James Madison University provides several resources and programs to help its prospective and returning students pay for ...

Paying for Iowa State University

Iowa State University provides financial aid to its students and families to help pay for their education. Students can ...

Paying for Indiana University

Indiana University urges students to apply for financial aid early by submitting a FAFSA along with full application, in...

Paying for Georgia Institute of Technology

Georgia Institute of Technology awards financial aid packages to its students on a need and merit-based basis. First-yea...

Paying for Lafayette College

Lafayette College explains that as long as students meet all of the deadlines, if they are accepted to the school, Lafay...

Paying for Drexel University

Drexel University provides merit and need-based assistance to its students along with other types of financial assistanc...

Which Colleges in the West Offer the Largest Tuition Discounts to Middle-Income Families?

If you are interested in attending college in the West, then you may be wondering which colleges or universities in the ...

Which Colleges in the Midwest Offer the Largest Tuition Discounts to Middle-Income Families?

If you are interested in attending college in the Midwest, then you may be wondering which colleges or universities in t...

Which Colleges in the South Offer the Largest Tuition Discounts to Middle-Income Families?

If you are interested in attending college in the South, then you may be wondering which colleges or universities in the...

Which Colleges in the Northeast Offer the Largest Tuition Discounts to Middle-Income Families?

If you are interested in attending college in the Northeast, then you may be wondering which colleges or universities in...

Which Public Colleges & Universities Offer the Largest Tuition Discounts to Middle-Income Families?

If you are interested in attending a public college or university, then you may be wondering which public institutions t...

Which Private Colleges Offer the Largest Tuition Discounts to Middle-Income Families?

If you are interested in attending a private college or university, then you may be wondering which private institutions...

What Is Off-Campus Room And Board?

For students living off campus it’s easy to spend more than you would if you live on campus. When living on campus, room...

Colleges with the Least Expensive Room and Board Fees

For most colleges, room and board is among the most significant expenses. However, on this list, you’ll find the lowest ...

Colleges with the Most Expensive Room and Board Fees

Aside from tuition, room and board is the most significant expense at most colleges. At institutions with the highest ro...

Do You Get More Financial Aid If You Live Off-Campus?

Students live off campus for a variety of reasons, and it’s not always a personal choice. In fact, some universities don...

How Much Will Room & Board Cost Where I Live?

Aside from tuition, room and board is the most costly expense you’ll have in college. In addition to university fees, a ...

Should I Live On-Campus or Off-Campus?

For most college freshmen, the decision about where to live is relatively easy. Most campuses require first-year student...

What’s the Difference Between a Public and Private University?

If you are applying to colleges, then you may be wondering what the differences are between public and private instituti...

Paying for Miami University-Oxford

Miami University-Oxford stands behind its Tuition Promise that states that their tuition and fees will remain the same f...

Paying for Marist College

Marist College requires students to fill out the FAFSA in order to be considered for need-based aid. Once this form is f...

Paying for Lehigh University

Lehigh University helps incoming students pay for their education in a variety of ways. While the Admissions Office offe...

Paying for Johns Hopkins University

Johns Hopkins University Financial Aid Department provides financial aid to its students based on a need-blind process, ...

Paying for Dartmouth College

Dartmouth College will meet the full financial need of all accepted applicants. In fact, “At Dartmouth, free tuition is ...

Paying for College of William and Mary

William and Mary’s Financial Aid Office offers Financial Aid Guides for students and parents and a Frequently Asked Ques...

Which Private Colleges Offer a Prepaid Tuition Plan or Tuition Guarantee?

If you are considering attending a private college or university, then you may be wondering which private schools allow ...

Which Colleges Offer Tuition Guarantees?

If you are applying to college, then you may be wondering which schools offer tuition guarantees.  If you want an assure...

Which Colleges Offer Prepaid Tuition Plans?

If you are applying to college, then you may be wondering which schools allow students to pay tuition via a prepaid tuit...

How Does Household Income Correlate to EFC?

For families applying to college, the Expected Family Contribution (EFC) is a critical metric in determining eligibility...

What is a Prepaid Tuition Plan?

A prepaid tuition plan allows a student to pay the same tuition rate for every year that he or she attends college.  Unl...

What is a Tuition Guarantee?

Colleges that offer tuition guarantees allow students to pay the same tuition rate for every year that they attend colle...

How Much Does Room and Board Cost for College?

It’s time to apply to college. Chances are, like most future undergraduate students, you plan to apply to multiple schoo...

Can I Use My 529 Plan for K-12 Expenses?

If you’re a parent saving for college, you may be using a 529 college savings plan. These plans, also known as Qualified...

Should I Consider a Home Equity Loan or Line of Credit to Pay for College?

If you own your home, then you may be wondering if the equity in your home can (or should) be leveraged to pay for colle...

To Whom Can I Transfer the Money in a 529 Plan?

A 529 plan, which includes both 529 college savings plans and 529 prepaid plans, allow individuals to contribute money t...

What Financial Aid Opportunities are Available for Immigrants or Their Children?

There are four main categories of immigration status and each immigration category allows for different financial aid op...

What Happens to Parent PLUS Loans if You Die?

If you borrow money in the form of a Parent PLUS Loan to pay for your child’s college education, then you may be wonderi...

What is the FAFSA Asset Protection Allowance? (and Why It Matters)

To apply for federal financial aid, you are required to report nearly all of your assets on the Free Application for Fed...

Where can You Use a 529 Plan?

While most people think of a 529 plan when applying to a college or university, the truth is that you can use a 529 plan...

How Much Does It Cost to Take the SAT? How Much Does It Cost to Take the ACT?

If you are preparing to take the SAT or ACT, you may be wondering how much these exams cost.  Here we will cover testing...

Will Getting Private Scholarships Reduce My Financial Aid?

If you have been awarded a private scholarship, first of all: congratulations! You may be wondering how or if your finan...

Common Misconceptions About 529 Plans

There are a variety of ways you can save for college including 529 plans, Coverdell Education Savings Accounts, and UGMA...

Is Tuition per Year or per Semester?

If you went to public high school, chances are you’ve never had to pay tuition before. This can leave you with a lot of ...

What Financial Aid Opportunities are Available for International Students?

Being an international student comes with many challenges, one of which being financial difficulties. According to a joi...

What is a 529 Prepaid Plan?

What is a 529 Prepaid Plan?

What Percentage of Parents Pay for College?

As with most everything, who pays for college, how much they pay and the general paying-for-college plan, varies family ...

Do Ivy League Schools Give Merit Scholarships?

We often get asked by students and parents about how to pay for an Ivy League education or one of the many other elite c...

The Most Generous Ivy League Schools for Middle Class Families

Though the Ivy League colleges have among the most generous financial aid programs in the country, many parents still as...

How Will Having an Open Line of Credit Affect my FAFSA?

If you have an open line of credit, perhaps based on the equity in your home, then you may be wondering how that affects...

How Would Having Another Child in College Impact Our Financial Aid?

If you will soon have more than one child attending college, or a child entering graduate school, then you may be wonder...

Why Do Colleges Have Application Fees?

College application fees can make a serious dent in your wallet and might feel unfair, but these relatively small fees a...

Does Having a Parent in College Affect FAFSA?

If you have a parent who is attending college, then you may be wondering how that affects your eligibility for federal f...

Do Colleges Take Into Account Medical Expenses in Financial Aid Calculations?

If health problems have caused you (or a dependent) to incur significant medical expenses, then you may be wondering how...

My Parent Doesn’t File a Tax Return- How Do I Fill Out My FAFSA?

If your parent or parents are not required to file taxes, then you may be wondering how that affects your ability to app...

Comparing 529 College Savings Plans and Coverdell Education Savings Accounts

Both the 529 college savings plan and Coverdell Education Savings Account are tax-advantaged investment accounts that he...

Comparing a 529 Plan and a UGMA/UTMA Account

Many parents set aside money for their child’s future, whether it’s for education or personal expenses. If you’re saving...

Comparing a 529 Prepaid Tuition Plan and a 529 College Savings Plan?

529 plans, collectively referred to by the IRS as Qualified Tuition Programs (QTPs), allow families to set aside money t...

What is a Good EFC?

The Expected Family Contribution, or FAFSA EFC, is one of the most important indicators of whether or not you’ll receive...

What should I be doing to Save for College?

When considering college, one of the most prevalent worries from students and their families revolves around how to save...

How does Applying Early Decision Impact Financial Aid?

Early decision applicants are accepted at higher rates than regular decision applicants - but some wonder whether they a...

Can a 529 Have Multiple Beneficiaries?

If you have more than one child, you may be wondering if you can set up one 529 plan for all of your children to use. Th...

The Colleges with the Biggest Increases and Decreases in Tuition

You don’t have to look far to see headlines about the growing price of college, or that over the last decade, college pr...

Can I Reimburse Myself from My 529 Account?

529 plans can be used to pay for a variety of expenses related to attending a college or university. Some expenses are s...

Do 529 Distributions Count as Income?

When you follow the rules and guidelines on how to use your 529 plan, money in the account does not count as income on y...

Is There an Age Limit for 529 Plans?

As a general rule, there are no age limits for 529 plans. An adult of any age can start their own 529 plan, serving as b...

What are the Differences Between the FAFSA and the CSS Profile?

The Free Application for Federal Student Aid (FAFSA) and College Scholarship Service (CSS) Profile are two extensive que...

Can a 529 Plan Have Joint Owners?

Married individuals may open a joint 529 plan as part of the planning process for their child’s college education. Some ...

Do You Get a Tax Deduction for Contributing to a 529 Plan?

One of the benefits of paying for college out-of-pocket is the tax deduction. With 529 College Savings Plans, you can sa...

How do I Use My 529 Money for College?

Before spending any money from your 529 plan, you should do some prep work to ensure that you are only spending on quali...

Can You Move Money Between 529 Plans?

If your child decides not to attend college or does not use all of the money in their 529 college savings plan, you have...

Is There a Penalty for Withdrawing from My 529 Plan?

529 College Savings Plans are tax-advantaged investment accounts for educational expenses including K-12 and post-second...

What is the 568 Presidents Group and How Does It Impact Financial Aid?

https://edmit.me/college/columbia-university-in-the-city-of-new-york-new-york/The 568 Presidents Group is a consortium o...

What Happens to a 529 Plan if I don't Go to College?

If you have a 529 college savings plan and your child is not planning to attend college, don’t panic! In most cases, wit...

Why is My EFC So High?

The EFC, or Expected Family Contribution, is a measure of your family’s ability to pay for college based on what you ent...

Does a Parent PLUS Loan Qualify for Loan Forgiveness?

If you borrowed money in the form of a Parent PLUS Loan to finance your child’s college education, then you may be wonde...

How do Parent PLUS Loans and Parent Private Loans Compare?

If you need to borrow money to finance your child’s college education, you may be wondering about the differences betwee...

What can My 529 Plan be Used for?

The 529 college savings plan is a great way for parents to save for college. The account holder (usually the parent of t...

How Much can You Contribute to a 529 Plan?

A 529 College Savings Plan is a tax-advantaged investment account that allows parents, grandparents, relatives, and frie...

Does Paying Off Debt Lower your EFC on FAFSA?

While going through the FAFSAⓇ, you will notice that there is nowhere to include the value of your existing consumer deb...

How Can I Fill the Gap Between Financial Aid and My Ability to Pay?

When you receive a financial aid letter from a school, you hope that the offered aid covers all of your financial needs....

How do I Choose a 529 Plan?

With the growing student loan debt crisis, people are starting to look beyond scholarships and federal financial aid to ...

How Does Joining the Military Help Pay for College?

Veterans, active-duty, and reserve service members enjoy a variety of benefits, programs, and resources to help them tra...

How can I Pay Back My Parent PLUS Loan?

If you borrowed money in the form of a Parent PLUS Loan to finance your child’s college education, you may be wondering ...

How are Small Businesses Treated in Financial Aid Calculations?

As part of the application process, most students complete the Free Application for Federal Student Aid (FAFSA) and the ...

Does a 401k Count in the CSS Profile?

Some colleges and universities require that you complete the CSS Profile on top of or instead of the FAFSAⓇ. Though much...

Can I Transfer a Parent PLUS Loan to My Child?

If you borrowed money in the form of a Parent PLUS Loan to pay for your child’s college education, then you may be wonde...

What is “Discretionary Income?”

According to the National Association of Colleges and Employers' (NACE) Winter 2018 Salary Survey, 2018 graduates of bac...

How Much Does the Average College Student Spend on Travel?

It has been estimated that on average a college student will spend between $1,050 and $1,800 on transportation costs. Ad...

How do I Qualify for a Parent PLUS Loan?

Parent PLUS Loans are available to the parents of undergraduate dependent students.  PLUS Loans are sponsored by the Wil...

How Much Does the Average College Student Spend on Textbooks?

While preparing for college, wondering about how much college textbooks cost is a good idea, because they often cost muc...

How is a Distribution from a ROTH IRA Treated for FAFSA?

Knowing what to include on your FAFSAⓇ application can be tricky. If you have questions about how to handle your retirem...

If a School Put Loans in My Financial Aid Package, Do I Have to Accept Them?

If a school offers you student loans as part of a financial aid package, you may be wondering if you are required to acc...

How Much Does the Average College Student Spend on Living Expenses?

It’s straightforward to find information about college tuition and room and board. But, what about the other expenses th...

How Will I Get my Financial Aid Money?

Once you have submitted the FAFSAⓇ and reviewed your Student Aid Report (SAR), you’ve patiently waited to find out how m...

What Types of Student Loans are There?

Student loans can be grouped into two main types: federal and private. Federal student loans are funded by the U.S. gove...

What Does College Actually Cost?

So you’ve started your college applications. For those looking at college and financial aid applications for the first t...

Should I Withdraw from My 401k to Pay My Tuition?

If you received your financial aid award, and the offer doesn’t cover your expenses, withdrawing from your 401k may seem...

How Much Does the Average College Student Spend on Health Insurance?

Health insurance is another one of those budget line items that many people tend to forget when they budget for college....

How Much Do Fraternities and Sororities Cost?

Deciding to “Go Greek” during your college journey definitely takes some careful consideration, especially as far as cos...

How Much Does the Average College Student Spend on Food?

Calculating how much an average college student spends on food can be a little difficult as meal plans, students, and co...

How Will Your Home Equity Affect Financial Aid?

Financial aid calculations are complex and factor income and assets differently and depend on the school. While most sch...

How Would a Gap Year Affect Financial Aid and FAFSA?

A gap year is taking a year off between high school and university and filling this “gap” with work experience, voluntee...

What are Income-Driven Repayment Plans?

Income-Driven Repayment (IDR) plans give federal student loan borrowers monthly payments based on income, debt, and fami...

What Does it Mean to Accept a Financial Aid Award?

Each year, colleges and universities are provided with funds from the federal government to award grants, loans, and sch...

How do I Apply for Federal Student Loans?

There are several different types of federal students loans and you may not be sure which loan program is right for you....

How Much can a Student Earn Before it Affects Financial Aid?

There is sometimes confusion surrounding financial aid, income limits, and the amount that a student is able to work bef...

How to Pay for an Apartment While in College?

Whether you’re ready to move off campus or your school only offers on-campus housing to freshman, it’s time to navigate ...

How do Retirement Savings Impact FAFSA?

What should and shouldn’t be reported on your FAFSAⓇ application can be confusing. Retirement savings plans, for example...

Do I Need to Start Paying Back My Loans During College?

If you have received a student loan, or several, to finance your education, then you may be wondering when you need to b...

Can I Take Out a Student Loan for Living Expenses?

It’s obvious that you can borrow student loan money to cover the cost of tuition, but you may be wondering if you can al...

When Should I Start Applying for College Scholarships?

Apply to scholarships! In fact, apply to as many scholarships that you possibly can. We are talking about free money for...

What do Student Loans Cover?

When you receive a student loan, whether from the federal government or a private lender, you are not obligated to show ...

What is the Maximum Amount of Student Loans in a Lifetime?

There are two main types of student loans: federal student loans and private student loans.  While the eligibility requi...

How does the 529 Account Holder Impact Financial Aid?

One way to put money aside for future education is to open a 529 plan, or qualified tuition program. This tax-free inves...

How Much Money Can I Get from FAFSA?

Many factors are taken into account in order to determine how much money a student will be eligible to receive for colle...

What is Included in Room and Board?

When you look at the total cost of a college, the price tag you see is the cost of attendance. This is, of course, tuiti...

Do You Have to Pay Back FAFSA?

When you make the choice to apply for financial aid, which can include federal loans, work-study opportunities, and gran...

How Long Does the FAFSA Take to Process?

How long your FAFSA takes to process will depend upon how it was submitted and the accuracy and clarity of the informati...

What Colleges Have Great Deals for Out-of-State Students?

From reciprocity initiatives to regional exchange programs, there are several different ways an out-of-state student mig...

How is Work-Study Income Treated for Tax Purposes and on the FAFSA?

If you have a work-study job, it is considered as a form of need-based student aid designed to ease the financial burden...

How do Noncustodial Parents Affect Financial Aid?

The financial aid process is tricky. Applications for aid become even more convoluted as family structures look less lik...

What Qualify as Education-Related Expenses?

 

Do I Have to Pay Back Financial Aid?

 

How Much Do College Applications Cost?

 

How Many Years Can you Get Financial Aid?

Financial aid is a great benefit to those pursuing higher education opportunities. Without the potential of financial ai...

How Can I Get Financial Aid?

Just like college, credit cards and jobs, the only way to get financial aid is to apply. It is a fairly straightforward ...

Can a High EFC Affect Potential Merit Aid Awards?

So, you got your FAFSAⓇ results back and oh no, a high Expected Family Contribution (EFC) number.

Does Financial Aid Cover Out-of-State Tuition?

Does financial aid cover out-of-state tuition? The short answer is yes. While getting help with your out-of-state tuitio...

What Happens After I Submit the FAFSA?

So you have finally hit the button signifying submission of the all-important Free Application for Federal Student Aid (...

How High Can your Net Worth and Income Be and Still Receive Aid from FAFSA?

First, you should remember that federal financial aid (which is awarded based on the FAFSA) comes in several forms: gran...

How Much Does a College Counselor Cost?

Once a student makes the investment decision to pursue higher education, there are still many considerations to keep in ...

If My Parents Refuse to Share Their Financial Information What can I do for FAFSA?

If you’re in this situation, not all is lost - though you’ve lost out on the main ways to get more money for college.

Does it Matter When you Apply for FAFSA as Long as it's Before the Deadline?

The Free Application for Federal Student Aid, or FAFSA, is a critical step in getting financial aid for college - whethe...

Is Financial Aid Available Only to US Citizens?

The short answer: no! However, for non-US citizens like international students and undocumented students, options to rel...

How do I Get Approved for a Private Student Loan?

Student loans. It seems like everyone has them, and too many of them. The government and banks must hand them out to any...

What Fee Waivers are Available in the College Process?

From registering for standardized tests to completing the CSS Profile, the college application process involves several ...

When Will My Financial Aid Letter Arrive?

After you’ve submitted your Free Application for Federal Student Aid (FAFSA) and colleges have reviewed the information ...

How Can I Get In-State Tuition as an Out-Of-State Student?

If you’re a student who would like to attend an out-of-state public college or university but are balking at the steep s...

Edmit Picks: Best College Financial Literacy Programs

Financial literacy is a key component to understanding the true cost of college. There are many costs that you may not e...

Schools Where You’ll Pay Less as an Out-of-State Student

Price-conscious students considering where to apply to colleges usually perceive their in-state public university as the...

When do I Need to Complete the FAFSA to Meet College Deadlines?

No FAFSA, no financial aid. Check your deadlines and make sure you’ve filed on time!

How Do You Budget for College?

“I’m a college student, why do I need a budget?” “I’m living off of Ramen noodles, why do I need a budget?” “My parents ...

How Much Does the SAT Cost?

For the 2018-2019 academic year, the SAT costs $47.50; if you are taking the SAT with the essay it costs $64.50.

The Six Steps to Writing the Perfect Personal Statement

The personal statement, commonly called the “college essay,” is one of the most critical parts of any student’s applicat...

What Are the Benefits of Taking Online College Courses?

Whether you are already a college student, or just starting to explore your college options, there is good news. Student...

BU Financial Aid & Scholarships: Real Parent Experiences

Is Boston University on your son or daughter's top colleges list? Find out how other parents have paid for BU.

Edmit Hidden Gems: Boston College, Chestnut Hill, MA

Generous financial aid packages, diverse extracurriculars, and a 96 percent job placement make Boston College an Edmit H...

Holy Cross Financial Aid & Scholarships: Real Parent Experiences

Read how one parent is paying for her son to attend College of the Holy Cross. 

Should I Major in the Liberal Arts?

If you major in English, history, or another liberal arts discipline, will you be able to find a job? New data on hireab...

5 Questions to Ask on a College Visit

To help determine whether a college is a good fit, make the most of your campus tour by asking key questions.

It's Time to Get Smart About College (Parents, This Means You)

Parents are taking out more loans than ever to help put their kids through college. Here's how parents can find affordab...

Announcing Edmit Premium: College Advising to Get Into Your Dream School - and Afford it, too

For college-bound high school seniors and their families, college applications and admissions are top of mind in Septemb...

What is a Test-Optional College?

Knowing the difference between test-optional colleges and test-flexible colleges can help narrow down which schools you ...

Babson Financial Aid & Scholarships: Real Parent Experiences

Learn how one parent secured financial aid at Babson.

All About College Tuition and Student Loans

Should you use student loans to pay for college? Here are our best student loan resources for parents and students to co...

What is Concurrent Enrollment?

 

Are State Schools Cheaper?

Are state schools cheaper than private colleges? Is a state school more affordable? The answer is…maybe.

Are there College Tuition Loans for Parents with Bad Credit?

Parents with bad credit have several ways to help their students pay for college: federal student loans, helping with th...

What’s the Difference Between Full Tuition and Full Ride Scholarships?

Full tuition vs. full ride – is there really a difference? Knowing exactly what these scholarships are can help you dete...

How Much Should I Save for College?

Determine how much to save for your kids’ college education.

Can I Rely on College Tuition Loan Forgiveness?

Will you qualify for college tuition loan forgiveness? Edmit looks at the future of public student loan forgiveness prog...

How do Colleges Spend Their Money?

What are colleges spending their money on? We take a closer look at how university spending drives up the cost of colleg...

3 Reasons Late Admissions to College Can Be OK!

It’s not too late to apply to colleges for the fall term.

How to Survive a Graduation Ceremony

SNL takes on high school graduation...and we are here for it.

How Should I Choose a Major?

A new Strada-Gallup survey shows why it’s important to choose a major relevant to your future career.

Could My College Acceptance Be in Jeopardy?

Don’t let senioritis jeopardize your plans for college.

Edmit’s Paying for College Checklist

A step-by-step guide to paying for college for students and their families.

Hate Writing Essays? Consider an Action-Based Scholarship!

An action-based scholarship application won’t require you to write another essay.

Attending a Private College Can Be Affordable

Your most affordable college may be a private university. 

How I’m Paying for College: Columbia Student Harmony Graziano

Columbia University's generous financial aid package made it a top choice for a student with financial need.

Edmit Hidden Gems: Bucknell University

Known for engineering and the liberal arts, Bucknell University’s high graduation and job placement rates also make it a...

Are College Degrees Worth It?

Should you go to college? Find out whether a college degree is worth your time and money.

Are You Ready for College Signing Day?

College Signing Day is May 2. Where are you headed this fall?

Edmit Hidden Gems: Bentley University

With a strong campus community and a 99 percent job placement rate, Bentley University gets down to business.

Why Does College Cost So Much?

Five reasons why college is so expensive.

Should I Crowdfund My College Tuition?

Is crowdfunding a viable option to pay your tuition?