College Planning

November may be the eleventh month of the year, but for many families it feels like the busiest. While we enjoy the traditions and history of the season, it also brings real-life responsibilities—especially for parents with college-bound seniors. And when it comes to college planning, nothing seems to raise the blood pressure faster than the financial aid process.

This month, let’s talk about how to make wise, informed choices in the college application process—without letting emotions or pressure lead to financial regret.

Choosing between a 529 plan and a UTMA account can shape your child’s financial future. 529s offer tax-free growth for qualified education expenses, while UTMAs provide flexibility for any use benefiting the child. A balanced approach—starting with a UTMA and shifting to a 529—can mix tax benefits and preserve eligibility for education tax credits. Saving just $166 per month from birth can grow to $65,000–$100,000 by age 18, giving your child a strong start in life.

September signals a new school year and, for parents of high school seniors, an important crossroads: preparing your student for college without sabotaging your own financial future.

Preparing for college goes beyond dorm shopping—it’s about finalizing paperwork, having key conversations, and setting a strong financial foundation. From budgeting and insurance to emotional readiness, families can ease the transition. With the One Big Beautiful Bill Act reshaping college financing, thoughtful planning is crucial. Whitaker-Myers offers tools, guidance, and consultations to help students start college with confidence.

College financial aid season is here, but cuts to programs like Pell Grants and Work-Study could shrink student aid. Proposed changes to student loans, including eliminating Parent PLUS Loans, may increase costs for families. Parents should understand aid offers, know what to negotiate, and avoid debt that risks their retirement. Exploring state schools, community colleges, and scholarships can help manage costs. Speak with a financial advisor to plan smart for college.

Along with the final high school transcript sent to the college committed to, students who have been placed on wait-lists might send a...

Not only does March bring green drinks, foul weather, and March Madness, it's also supposed to be the time college acceptances arrive...

If a student is accepted by their first-choice college and that college uses the College Board's CSS Profile, a financial aid offer will...

When Should I File the FAFSA? As you may already be aware, the Free Application for Federal Student Aid (FAFSA) is not yet open and won't...

There is a new sheriff in town, and a whole new supporting cast of characters. I'm kidding of course, but there is a new FAFSA coming...

Activate Baby Step 5. Your mission, should you choose to accept it is to create financial independence for yourself by saving 15% of your...