Major Changes to the College Process in 2024

5 (1 vote)

Brought to you by the Women & Finance Knowledge Circle: SECURE Act updates have introduced significant changes to the college financial aid process in 2024 that will require new planning strategies for both parents and grandparents.

New this year are rules around the 529 plans and other college contributions, how multiple students in college are treated, financial aid for divorced families, and more. Certain middle- and upper-income families will qualify for less financial aid as a result and will need to plan differently.

Colleges have also shifted their admission and scholarship policies to favor certain criteria. Learn about these changes to help families successfully navigate the process and minimize debt. Mom's usually drive the college search so this will be need-to-know info for your clients as they begin their students' search process!

Competency Level: Intermediate

FPA Competency: Client Communication & Care

CFP Board Topic: General Priniples of Financial Planning

CFP Board CE Credit Hours: 1

Cozy Wittman

Director of Education and Partnerships

College Inside Track

As Education and Partnership leader at College Inside Track, CozyWittman speaks nationally about college search, educating families and trainingfinancial advisors. College search has become increasingly complex, the nuanceshard to understand; Cozy is passionate about dispelling myths that costfamilies money! She’s been featured in The Journal of Financial Planning on thesubject of college planning.

Cozy is excited to connectwith organizations and families interested in learning more about the complexcollege search process. She is a mom of 5 kids with very differentgoals for college so she is no stranger to the challenges around collegesearch.