August 29, 2012

Plan NOW to Increase College Financial Aid

Don't wait until your child is applying to colleges to plan your financial aid strategy. "To ensure the best possible financial-aid package for their soon-to-be college students, parents should reduce some of their savings by paying down consumer debt and move their child's savings to a protected 529 plan, financial counselor Ray Martin writes. And, he writes, parents should mail in their financial-aid forms as soon as they can, because money is distributed on a first-come, first-served basis." CBS MoneyWatch (8/28)

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