J.R. Whelan
speaker
21,375 appearances
574 recordings
1 series
first heard Oct 2017
last heard Aug 2024
J.R. Whelan’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · New Fafsa Application Changes Could Boost Your Financial Aid · 7 Nov 2023
podcast
That's ymb at wsj.com.
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Now onto the show.
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Here's your Money Briefing for Tuesday, November 7th.
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I'm J.R.
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Whelan for The Wall Street Journal.
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Every year, families filling out the FAFSA face limits on financial aid they receive because their retirement account contributions count toward total household income that's worked into the formula.
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Well, that's about to change.
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We'll talk with Wall Street Journal personal finance reporter Oyin Adedoyin after the break.
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Changes to the way families apply for college financial aid will allow them to save for retirement without jeopardizing their eligibility for higher education assistance.
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Wall Street Journal personal finance reporter Oyen Adedoyen joins me.
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So, Oyen, under the current plan, how do retirement savings figure into the application for financial aid?
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Oh, and that could count against eligibility.
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So what kind of position did that put families and students in?
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Wow.
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Having to decide between saving for retirement and funding a college education, that could be a tough decision for a family.
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So how will this change under the new plan and when does it take effect?
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Why did the education department make this change?
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Who's likely to benefit the most from this?
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Now, what does it mean in terms of savings potentially for families?
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But don't some colleges and universities use methods other than the FAFSA to determine financial aid?
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Showing 461–480 of 21,375 · page 24 of 1069
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