What’s Happening in the World of Higher Education?
2023 survey revealed a notable shift in public opinion over the past decade about the value of a college degree: 56% of Americans think a four-year college degree isn’t worth…
Ballast Advisors
Saving for College
Exploring Essential Financial Planning Resources for College Savings
How Grandparents Can Help Grandchildren with College Costs
Paying the college Tuition payments made directly to a college aren’t considered taxable gifts, no matter how large the payment. But this is true only for tuition, not room and…
Federal Student Loan Repayment Postponed for Sixth Time
Federal Student Loan Repayment Postponed for Sixth Time On April 6, the U.S. Department of Education announced a record sixth extension for federal student loan repayment, interest, and collections, through…
Federal Student Loan Interest Rates Decrease for 2019-2020
For the first time in three years, interest rates on federal student loans will decrease for the 2019-2020 academic year. The lower rates apply to new federal student loans made…
Ask an Advisor: Saving for College Tips and Options
Q & A with parent and Twin-Cities-based financial advisor Steven Schmidt on planning for college Curious how a financial planner plans for his or her own children’s future? Learn…
How Much Do I Need to Save for College?
The U.S. Department of Education has named February Financial Aid Awareness Month. For many families, saving for college is a primary financial goal. This calculator projects the future cost of college and…
Financial Aid 101
Financial Aid 101 Many parents pay for college with a combination of current income, savings, and financial aid. By learning the basics of financial aid, you’ll be able to understand…
529 College Savings Plans
A brief history 529 plans were created by Congress in 1996 and have been modified through the years by various pieces of legislation. Known officially as “qualified tuition programs” or…