Interpreting Your Next Generation’s College Financial Aid Letter

Your Family CFO Team • April 23, 2019

Many questions arise as parents send their next generation off to college.  Some of the biggest questions are related to financial aid and fully understanding what your letter says.

Wording in financial aid letters is often confusing.  Without completely understanding the letter, you or you next generation could be on the hook for more money than expected after graduation.

Part of what we do as Your Family CFO is work with you through life’s many cycles.  This includes not only your life cycles, but your next generations’ as well.  We work with your children to ensure they are set up for financial success as they begin their journey to higher education!

Below is a graphic, created by Kiplinger , explaining the various points on your letter which require your attention.  Click HERE for the interactive version on Kiplinger’s website !

Graphic created entirely by Kiplinger.com.  Click the image or link to view interactive version.

If you would like to explore the benefits of your own Family CFO, please contact us today !

Recent Buttonwood Articles


Buttonwood Advisor reviewing year-end tax strategies
By Vince Pastorino December 4, 2024
As you gear up for a busy holiday season, year-end tax strategies tend to take a back seat, right? We get it, and we’re here to provide a summary of helpful year-end tax tips that are simple to implement!
Buttonwood Investment Policy Committee Update
By Kyle Hogan November 18, 2024
In our September rebalance for nontaxable assets, we adopted a cautiously optimistic stance, decreasing risk slightly due to election uncertainties.
Buttonwood Financial Group Investment Policy Committee Update
By Kyle Hogan October 8, 2024
After the stock market rally in the first half of the year and amidst the uncertainty of the upcoming election, for assets without tax implications, we are reducing risk by trimming some of the overweight for our active positions.
Two people on a sailboat enjoying retirement after implementing the Mega Backdoor Roth IRA strategy
By Mitchell Smith August 20, 2024
The Mega Backdoor Roth strategy allows individuals to contribute to both a Roth IRA and a Roth 401(k), then add a third Roth component to their savings. In this update we share what you need to know about this strategy, and how to work through the details to implement.
Roll of
By Jon McGraw July 19, 2024
As the 2024 election season heats up in the U.S. it’s natural for us humans to feel a sense of unease. But here is something to remember: fixating on sensational headlines can be detrimental to your financial well-being.
Buttonwood Investment Policy Committee Update
By Kyle Hogan June 14, 2024
As we enter the summer months, our existing bullish stance remains intact.

Are you ready to explore the benefits of your very own Family CFO?

LET'S TALK

Buttonwood Services


About Buttonwood Financial Group


Share by: