President Biden and the U.S. Department of Education announced a plan on Wednesday, August 24, to provide further assistance to federal student loan borrowers. If you have private loans only, unfortunately this won’t apply to you. But this is an exciting announcement for millions of borrowers with federal student loans. Long story short, if you have a Federal loan, take a moment to review your options (more on that below). It is also important to note that President Biden does not want to stop here. He hopes to make further changes that will make college more affordable for the…
Insights & Advice
Lauren Russo
College Planning: Where to start?
Does the word “college” give you heart palpitations? You’re not alone. In fact, far from it. Data from Statista says there are approximately 17,245,000 high school students across the U.S. in 2022. That’s a LOT of students. And a lot of stressed parents and family members. Whether you’ve gone through the college application process yourself or this is your first brush with it, know that you will be okay. You just need a plan. Ok…where do I start? You may have more than one child but for simplicity’s sake, let’s assume you have one daughter. What grade is she in?…
What’s a FAFSA?
The Free Application for Federal Student Aid (FAFSA®) is an online form used to assess your family’s financial ability to pay for college. It’s free to apply, but you will need to set aside some time (and mental energy) to devote to completing it. To begin, both parents AND the students will each need to establish a FSA ID. Essentially, this is just an online account with FAFSA. There are varying rules if parents are divorced or separated, depending on where the student lives and who is providing the majority of support. So, you may or may not need information…
Financial Femmes
As a 24-year-old woman, when I tell people I’m a financial advisor, I sometimes get some squints and questioning looks. Or even a face that suggests “aw, how sweet.” Little do these people know, females are a massive presence in the finance space. Yet, according to Cerulli.com, 18.1% of financial advisors are women. Do those statistics represent what you see when you look around your community? Of course not. So why is the financial field so heavily dominated by white men? Well, this may come as a shock to you, but much of the world is as well. Women couldn’t…