I recently spoke with Certified Financial Planner Dan Cieniewicz, aka The College Dude, about the recent changes to the FAFSA and its subsequent mess.
In our conversation Dan shared with us some of the big changes, both positive and negative, that parents need to be aware of, including:
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Changes in income and asset calculations
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Including retirement savings
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How 529 Plans are calculated
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How businesses and farms are counted as assets
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The elimination of the “multiple student discount”
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Student loan options
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Retirement planning impacts of paying for college
To connect with Dan, go to TheCollegeDude.com, or email him at dan@hyperionfp.com. You can also find tons of valuable information on Dan’s YouTube channel.
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