What Is a Closed Economy?
admin Key Takeaways A closed economy is an economy that does not participate in international trade, meaning it does not import or export goods and services from another country. A closed…
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SmartCredit Review
SmartCredit offers an interactive credit report that’s easier to read and understand than a traditional credit report. Rather than making you scroll through pages of account history, the Smart Credit…
How 529s Affect Scholarships (and Vice Versa)
A 529 plan is a type of tax-advantaged investment account specifically designed for college savings. With tax-free growth and withdrawals for higher education, it’s widely considered one of the best…
Overview of 529 College Savings Plan Rules
Few things excite parents, relatives, financial planners, and college-bound students like the availability of Section 529 College Savings Plans. While these accounts do not make money for college expenses magically…
Income Share Agreement: What Is It?
What Is an Income Share Agreement? Through an income share agreement (ISA), a student agrees to pay for their college education, or a portion of their education, by making pre-determined…
Documents Needed for a Mortgage: A Complete Checklist
Applying for a mortgage loan is a complex process. It’s normal for lenders to request several documents to confirm who you are and verify that you’ll be able to make…
How to Apply as a Returning Student
The Free Application for Federal Student Aid (FAFSA) is a powerful tool that helps millions of students each year get access to not only federal assistance, but many other forms…
What to Do After a Hit-and-Run Accident
It’s always stressful when you get into a car collision. It’s even worse if the driver of the other vehicle leaves the scene, making it a hit-and-run. Here’s what you…
What Is Residual Value?
Key Takeaways Residual value is the expected value of a car at the end of the lease term. Lenders estimate the value based on the agreed upon cost of the…
Why Was I Selected for FAFSA Verification?
You’ve submitted your Free Application for Federal Student Aid (FAFSA), and you’re glad that’s over with. But then you’re selected for FAFSA verification. If you’re asked to verify your FAFSA,…