Wood Financial Services LLC

Category Archives: College

Book Review – “The Case Against Education”

On April 2, 2023, Posted by , In College,Know thyself, With Comments Off on Book Review – “The Case Against Education”

We all know that college is expensive. It is one of the largest expenses an individual will face, and often it’s the first of the major ones in their lifetime – made at a time when social pressures and a lack of experience are more likely than ever to push…

What You Need to Know About the New Biden Student Debt Relief Plan

On August 24, 2022, Posted by , In College,COVID-19, With Comments Off on What You Need to Know About the New Biden Student Debt Relief Plan

What We Know Today President Biden released the details [1, 2] of his new student debt relief plan. As had been rumored or in discussion for years, there will be up to $10k of student loan forgiveness available to many borrowers. Or up to $20k per borrower if you received…

How are you planning to fund college?

On May 28, 2022, Posted by , In College, With Comments Off on How are you planning to fund college?

May 29th, also known as 5/29, is 529 awareness day. If you aren’t familiar with this tax-advantaged method of saving for college, I encourage you to read my entire series of #college articles, especially starting with my May 29th post from last year.

Breaking news! Public Service Loan Forgiveness (PSLF) Program Overhaul and Limited Waiver Opportunity

On October 7, 2021, Posted by , In College, With Comments Off on Breaking news! Public Service Loan Forgiveness (PSLF) Program Overhaul and Limited Waiver Opportunity

Yesterday, October 6 2021, an announcement was made about Public Service Loan Forgiveness. They are making the following improvements: Counting all prior payments regardless of the type of loan you had at the time Simplify qualifying payment definitions Make it easier for military service members to participate in PSLF Help…

FAFSA application challenge – Day 7

On October 7, 2021, Posted by , In College, With Comments Off on FAFSA application challenge – Day 7

Day 7 doesn’t immediately follow Day 6. If you submit your FAFSA online, it takes 3-5 days before you will receive your Student Aid Report at the email address you provided. Paper return of your Student Aid Report doesn’t happen for about 3 weeks, so email is definitely faster. When…

FAFSA application challenge – Day 6

On October 6, 2021, Posted by , In College, With Comments Off on FAFSA application challenge – Day 6

Today is going to feel a lot like Day 5. That’s because today there’s only one task – review all of the numbers entered in your forms, FAFSA and CSS Profile. And then submit. Save a copy of the applications for future reference – to help you remember how the…

FAFSA application challenge – Day 5

On October 5, 2021, Posted by , In College, With Comments Off on FAFSA application challenge – Day 5

We warned you yesterday on Day 4 that today is the heavy lifting day. While time is definitely not to be wasted while preparing your student’s freshman FAFSA application, it’s like doing your taxes – picking the wrong day to tackle this will be far more painful than picking a…

FAFSA application challenge – Day 4

On October 4, 2021, Posted by , In College, With Comments Off on FAFSA application challenge – Day 4

Yesterday was Day 3 of the annual FAFSA application challenge – where I help you get through submitting your FAFSA in a timely fashion. Today is the one more small task, before the we get to plug and chug day. How are you holding up so far? You are making…

FAFSA application challenge – Day 3

On October 3, 2021, Posted by , In College, With Comments Off on FAFSA application challenge – Day 3

Yesterday was Day 2 of the annual FAFSA application challenge – where I help you get organized and accomplish this task, with encouragement and to help you keep from feeling overwhelmed. (time for my gameshow announcer voice!) “And today’s bite sized piece is…” Document gathering! That’s right, just one task…

FAFSA application challenge – Day 2

On October 2, 2021, Posted by , In College, With Comments Off on FAFSA application challenge – Day 2

Yesterday was Day 1 of the annual FAFSA application challenge – the fall season in which you are filing paperwork from which colleges will determine how much financial aid they will provide your student. In many ways families find FAFSA season even more challenging than spring tax return season –…