The College Investor
9,977 FOLLOWERS
The College Investor helps you get out of student loan debt to start investing, generating passive income, and building wealth for the future. Our expert guides, reviews, and more are designed to help you achieve your financial goals.
The College Investor
2d ago
The Digital SAT is the latest version of the standardized test that's been used for college admissions for 100 years.
Though the SAT has been around since the 1920s, it continues to be one of the best ways to showcase your intellectual aptitude. That being said, the College Board, which administers the SAT worldwide, has listened to test takers over the years and recently implemented a few key changes.
Once known for its number two pencils and scantron bubble sheets, the SAT now offers an online option, making it part of a broader shift to digital education and testing. Here are the reasons ..read more
The College Investor
2d ago
There are many nuances to the definition of a qualified education loan. Some student loans do not satisfy the requirements for a student loan to be a qualified education loan.
Qualified education loans are eligible for the Student Loan Interest Deduction and qualified distributions from a 529 college savings plan to repay up to $10,000 in student loan debt. Qualified education loans are also excepted from bankruptcy discharge.
Qualified education loans include all federal education loans, including Federal Stafford loans, Federal Perkins loans, Federal PLUS loans and Federal Consolidation lo ..read more
The College Investor
3d ago
Here's a crazy stat: the oldest millennials are closer to receiving AARP than they are from when they graduated college.
AARP (American Association of Retired Persons) is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to help live their lives in the best way possible with access to tools, advocates, and financial resources that help with items ranging from tax preparation to access to community assistance funds for members.
But ignoring that fact, did you know that AARP is now open to anyone ages 18 and up? They offer a variety of res ..read more
The College Investor
4d ago
What Is A Good SAI (Student Aid Index)?
This question is about the Student Aid Index.
The Student Aid Index (SAI) replaced the Expected Family Contribution (EFC) for the 2024 - 2025 FAFSA (which families are filing right now).
However, this has led to a lot of confusion. What does SAI mean? What's a good SAI? Will I still get aid? Is the SAI what you're expected to pay for college?
Here's what you need to know.
What Is The Student Aid Index (SAI)?
The Student Aid Index (SAI) is just like it sounds - an index. The number represents a rough estimate of your family's financial need fo ..read more
The College Investor
1w ago
Can you use a 529 plan for SAT Prep? The short answer is no, you cannot use a 529 plan to pay for SAT prep.
However, all is not lost. While SAT prep courses can be expensive, they don't have to be. There are affordable options to help you prepare for the SAT.
Here's what you need to know
Table of Contents
SAT Preparation Costs
Can You Use A 529 Plan For SAT Prep?
Free SAT Preparation Options
Is SAT Prep Worth It?
The Bottom Line
Can You Use A 529 Plan For SAT Prep?
You cannot use a 529 plan to pay for an SAT preparation course. According to the IRS, “expenses for sport ..read more
The College Investor
1w ago
Frec is a fintech offering direct indexing portfolios with low fees. Direct indexing is an investment strategy that involves the frequent trading of individual stocks while maintaining the portfolio in line with a major index, such as the S&P 500.
Direct indexing is generally meant for high-net-worth investors looking to maximize tax loss harvesting benefits, but Frec makes it available to a larger audience at a relatively low management fee. We explore Frec direct indexing to help you determine if it could make sense for your portfolio.
Quick Summary
Frec ..read more
The College Investor
1w ago
The goal of SAT prep is to learn tips and tricks that help maximize your time and performance on a college admissions test.
Students are taught best practices for creating a study schedule, pacing themselves during the test, and using process of elimination to narrow down the answers. While not required, test prep can certainly help put you at ease on test day – and it is commonly correlated with higher test scores.
SAT test prep could be free through online quizzes and books from the library to thousands of dollars for one-on-one tutoring.
Table of Contents
Average SAT Test P ..read more
The College Investor
1w ago
Arta Finance is a fintech company that has created a digital family office for high net worth investors. This includes both traditional family office services (like financial planning and accounting) to access to portfolio management, alternative investments, and more.
Unless you're a very wealthy person, you probably can’t afford an office full of professionals who optimize every dollar for you.
But you may be able to get similar results by using a tech-first solution like Arta Finance. Here’s what you need to know about it.
Quick Summary
Provides access to alternativ ..read more
The College Investor
2w ago
FreeKick offers free or low-cost identity monitoring for families including babies and children who ideally should not have credit profiles.
Unfortunately, identity theft can affect anyone who has a Social Security Number. That means even a baby could become a victim of identity fraud.
FreeKick also offers accounts to help teens and young adults build credit without taking out debt. With FreeKick, young adults can have a jump start to their financial wellness journey. This FreeKick review explores what the platform has to offer.
Quick Summary
Teens can bu ..read more
The College Investor
2w ago
Curious how to become a billionaire? It's a question that got me thinking...
Earlier this year, I was browsing social media and came across an interesting post. Someone asked a pointed question, which seemed particularly relevant as I was in Las Vegas at the time. “What do you need to do to become a billionaire?”
With all of my personal finance and business knowledge, I began to ponder what my top advice would be. I came up with two answers pretty quickly. Here are my thoughts on how to become a billionaire.
Table of Contents
Paths to Becoming a Billionaire
Marry a Billionaire
Start a M ..read more