3 Ways You Can Prepare Financially Is Your Child Going to College?
FAFSA. When you apply for FAFSA, remember the username and password because you will have to log in to your financial aid account each year to apply for student loans. It’s also important to mention that if your child is filing as a dependent, they will need you and your spouse’s tax returns. The loans they receive depend on how much their family brings in each year. Your child can apply for loans before they receive their acceptance letters — they can fill in the college’s information later. ADDITIONAL TIPS TO HELP YOU PREPARE. One of the best things you can do is start early. Research universities and apply early. You can invest in a 529 plan years before your child begins college. FAFSA applications open around October each year, and the earlier you apply, the more loans you can receive. It’s also important to be organized and outline when deadlines are and the requirements for each school your child is interested in. But most importantly, ask for help when you need it. Your friends at DuPont Wealth Solutions will be happy to see what other financial strategies you can use and create a plan that works best for you.
In the next few months, your child may be hearing back from colleges and receiving acceptance letters. While you and your child may have to wait on the universities’ decisions, you can start preparing for college financially. In honor of February being Financial Aid Awareness Month, here are a few ways to get a head start preparing funds for your child’s college experience. UNIVERSAL LIFE INSURANCE POLICIES Some insurance policies allow you to use cash value components to pay for educational expenses. You can use these funds for anything — not just tuition and educational expenses. In addition, the money you save in life insurance policies won’t affect the amount your student receives in student loans from Federal Student Aid (FAFSA). INVEST IN A 529 PLAN. Adding money into a 529 plan will not only help pay for tuition, but you can also use these funds to cover the cost of housing, meal plans, textbooks, and technology. Additionally, when you invest in a 529 plan, you can receive 5% off state taxes. However, if you decide to use FAFSA, the amount you could receive in loans will be lower because financial aid is based on need.
SUDOKU
FETA CHICKEN BURGERS
Inspired by TasteOfHome.com
Try these delicious chicken burgers with a Mediterranean spin on the classic sandwich we all love. Featuring Greek-style toppings and seasonings, this recipe is refreshing and super healthy, too.
INGREDIENTS
1/4 cup finely chopped cucumber 1/4 cup reduced-fat mayonnaise
1/2 tsp Greek seasoning 1/4 tsp black pepper 1 1/2 lbs lean ground chicken 1 cup crumbled feta cheese 6 whole wheat hamburger buns, split and toasted
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BURGERS:
1/2 cup chopped roasted sweet red pepper
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1 tsp garlic powder
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DIRECTIONS
1. Preheat broiler and mix chopped cucumber and mayonnaise. 2. For the burgers, mix the red pepper, garlic powder, Greek seasoning, and black pepper. Add chicken and cheese; mix lightly but thoroughly (the mixture will be sticky). Shape into 6 patties about 1/2-inch thick. 3. Broil burgers, remembering to cook both sides thoroughly. Serve on buns with cucumber sauce. If desired, top with lettuce and tomato. Enjoy!
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