Retirement

4 college financial planning tips for parents of high school sophomores

4 college financial planning tips for parents of high school sophomores

If your child is a sophomore in high school now and you do some quick thinking before the end of this year, you may be able to save yourself thousands of dollars paying for college in a few years.

But I mean quick. The sophomore year is when you set the stage for college financial aid under changes adopted recently. If you get busy with the holidays and float toward New Year's Day without examining and adjusting finances, you could lose an opportunity for aid that won't return once 2017 arrives. College could end up costing you thousands more than it would if you were alert early enough.

By January 1, 2017, much of your fate will be sealed because your tax return for the...

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