Recent changes to federal student aid are reshaping how families save, borrow, and plan for college. From new loan limits and repayment options to changes in Pell Grants and expanded uses for 529 plans, understanding the new rules can help families make more informed decisions about paying for higher education.

Rising tuition costs make college planning more important than ever. Explore practical strategies, from school choice and savings plans to scholarships and part-time work, that can help your family fund higher education without overwhelming debt.

The Illinois First Steps Program provides a one-time $50 contribution to help start a 529 College Savings Plan for children living in Illinois. While small, it’s designed to encourage families to begin saving early, and regular contributions over time can grow into a significant college fund.

Millions of Americans carry student loan debt, and navigating repayment or relief programs can feel overwhelming. Federal programs exist to reduce debt for borrowers based on income and loan type. Understanding your options and taking proactive steps can make a real difference.

President Joe Biden announced on Wednesday, August 24, 2022, that a student loan forgiveness plan would go into action this year for federal loan borrowers.

Families saving for education have several account options, each with unique benefits and trade-offs. This article compares 529 plans, Coverdell ESAs, UTMA/UGMA accounts, and brokerage accounts to help you choose the right strategy for your college savings goals.