Financial Advisor Insights

Strategies to Maximize College Savings and Financial Aid

This article was originally published by U.S. News and written by Kristin McFarland, CFP®, Wealth Advisor at Darrow Wealth Management

Paying for college is a significant concern for many families. Federal financial aid may be a deciding factor in where a student goes to college, even for families who have been diligently saving. With proper planning, it's often possible to develop a strategy to help maximize your family's financial aid eligibility.

Whether you're relying on aid, loans, or plan to self-fund, knowing the benefits and limitations of college savings vehicles can help you navigate your options.

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 Saving for College with a 529 Plan

 

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