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School's Back. Who is Paying for It?

School's Back. Who is Paying for It?

September 06, 2022
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Schools across the nation are getting back to business. For students, it’s a return to education after vacations, summer jobs, and other activities.

For parents, grandparents, and guardians, “back to school” often means an outlay of cash. There are computers to upgrade, after-school activities to fund, and college planning to consider. When was the last time you calculated your cash flow?

The White House recently forgave $10,000 to student loan borrowers as part of a larger debt forgiveness program. Further Presidential or Congressional action isn’t guaranteed to future borrowers, underscoring the importance of creating a wise college strategy. The Department of Education offers multiple aid packages as part of the Federal Student Grant Program. Do you know which four are granted the most often?

If you look at the students in your life and think, “Time flies…” you’d be right! This is one area where you don’t want to be behind the clock. You taught them how to read and how to ride a bike, but have you taught your children how to manage money? We've got some quick tips for talking to your kids about money and, remember, our office is always open to listen and help keep you and your family moving towards a solid financial future

This letter is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax and accounting professionals before modifying your tax strategy in response to the White House actions.