Charles A. Boudreau

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  Credit Cards A Big Temptation For College Students - [Cached Version]
  Published on: 9/22/2006    Last Visited: 10/15/2006  

  Many students run out of money before the semester ends, or more importantly, before the next financial aid disbursement hits their mailboxes, said Chuck Boudreau, director of financial aid at Illinois State University.
  
  So they seek alternative loans outside of school or sign on for a credit card, he said.
  
  "Only use a credit card when you can pay it off monthly," Boudreau said.

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  Gomemphis.com : The Commercial Appeal - [Cached Version]
  Published on: 10/22/2000    Last Visited: 2/2/2001  

  A - In judging your child's eligibility for financial aid from information you provide on the Free Application for Federal Student Aid (FAFSA), assets owned by the child are counted more heavily against you than assets owned by parents, said Chuck Boudreau, director of student financial aid at the University of Memphis.
  
  For the purpose of figuring the expected family contribution to a student's college expenses, student assets are assessed at 35 percent, and parents' assets are assessed at a maximum of 5.64 percent.
  
  For example, a child has $ 20, 000 in assets in her name.The expected contribution from those funds for a year of college would be $ 7, 000.If the assets were owned by the parents, the expected contribution would be, at most, about $ 1, 128.
  
  If you don't believe your child will qualify for needs-based financial aid, you may be better off keeping the mutual funds in your child's name.
  
  That's because income will be taxed at her rate under your current setup, but would be taxed at your top marginal income tax rate if you own the investments, Boudreau said.

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  Higher Education Washington, Inc. - [Cached Version]
  Published on: 2/4/2005    Last Visited: 9/15/2006  

  But, we're recommending Student Loan Xpress because they offer the lowest fees and interest we've found," said Charles Boudreau, ISU financial aid director.

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  Pantagraph.com - News - 'The cost is in the content'... - [Cached Version]
  Published on: 5/10/2005    Last Visited: 5/11/2005  

  In Normal, the average student spent about $825 on textbooks and supplies this year, said Charles Boudreau, ISU financial aid office director.
  
  That's on top of $12,600 for tuition, fees, room and board, Boudreau said.

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  Pantagraph.com - News - ISU excited about U.S. News... - [Cached Version]
  Published on: 9/14/2002    Last Visited: 9/14/2002  

  Charles Boudreau, director of ISU's financial aid office, said half of ISU's 18,000 undergraduates receive grants, which do not have to be repaid.The good area economy and an on-campus work-study program also permit many students to earn wages and avoid extensive borrowing to complete their education, he said.
  
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  Pantagraph.com - News - Making the grade in financial... - [Cached Version]
  Published on: 2/28/2005    Last Visited: 3/1/2005  

  Charles Boudreau, financial-aid director at Illinois State University in Normal, said filling out the financial-aid assessment form should be a priority.
  ...
  Parents and students often forget to add in expenses like transportation, spending money and books, Boudreau said.He suggests students make a detailed list of all anticipated costs and resources.The family's plan to fill the gap may include loans, he said.
  
  Gebhardt plans to attend college three years instead of four to cut costs.She is taking courses at Heartland Community College as she finishes high school to get enough credits to cover her first year; she'll also complete tests that will help her advance.

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  Pantagraph.com - News - Public also would feel effect... - [Cached Version]
  Published on: 4/26/2002    Last Visited: 4/26/2002  

  Charles Boudreau, financial aid director at Illinois State University, said the situation won't have a big effect on students he serves.ISU had 4,922 MAP recipients last year out of 21,035 total.
  
  Top concerns for Boudreau are a potential elimination of MAP grants for summer 2003 classes and the possibility that 2002-2003 grants might not rise with the cost of tuition and fees.

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  Parents haven't saved for daughter's college expenses - [Cached Version]
  Published on: 8/22/2000    Last Visited: 1/6/2001  

  College admission decisions themselves don't depend on a student's finances, says Chuck Boudreau, director, student financial aid at University of Memphis."You can be admitted to Harvard with no money or lots of money," he said.
  
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  To find the cash you need, start by contacting the schools your child is interested in and finding out the total cost per academic year to attend each college, Boudreau says.Often, you can get that information from the school's Web site or from a catalog.
  
  Also, find out what scholarships the college gives to its students and what the qualifications are for such awards, Boudreau said, adding, "All of our scholarships key on ACT (standardized test) scores and GPA (grade point average)."
  
  If that is the case for places your child wants to attend and her scores don't quite meet the standards, she has time to retake the tests and raise her scores, Boudreau says, adding that you can find scholarship information and applications at your daughter's school and on the Internet.
  
  High school counselors and college financial aid officers consider FastWeb (http://www .fastweb.com), a free scholarship search site, to be one of the best places on the Internet to go for such information.You register at the site, FastWeb does a search, matches you with scholarship opportunities and, if you have an e-mail address, sends you updates, Boudreau says
  
  Your next step will come in a few months when you fill out the Federal Application for Student Aid (FAFSA), the document that is the basis for the non-scholarship aid package a college offers you.
  
  Applications will be available in high schools in late fall, and you may file yours starting in January.You may also file an application online at http://www.fafsa.ed.gov.
  
  Using income tax return and asset figures you provide, the government will determine the expected family contribution to the child's education expenses.
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  If you submit the FAFSA in January and February, your child should get a financial award letter by April, Boudreau says.Then you can make a decision on where your child will go and what you need to send her there, he said.
  
  That may include loans.
  
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  The average tuition at a public university last school year was about $3,200 and the average room and board for the academic year reached nearly $4,800, Boudreau says.

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  Partnership may offer cheaper loans : News : WHOI... - [Cached Version]
  Published on: 5/4/2006    Last Visited: 5/10/2006  

  "The best way to do that was to negotiate with a single lender in return for recommending that lender they would in turn give us the best rates they could," said Chuck Boudreau, financial aid director at Illinois State University.

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  Retirement - [Cached Version]
  Published on: 3/16/2001    Last Visited: 8/6/2001  

  A - In judging your child's eligibility for financial aid from information you provide on the Free Application for Federal Student Aid (FAFSA), assets owned by the child are counted more heavily against you than assets owned by parents, said Chuck Boudreau, director of student financial aid at the University of Memphis.
  
  For the purpose of figuring the expected family contribution to a student's college expenses, student assets are assessed at 35 percent, and parents' assets are assessed at a maximum of 5.64 percent.
  
  For example, a child has $20,000 in assets in her name.The expected contribution from those funds for a year of college would be $7,000.If the assets were owned by the parents, the expected contribution would be, at most, about $1,128.
  
  If you don't believe your child will qualify for needs-based financial aid, you may be better off keeping the mutual funds in your child's name.
  
  That's because income will be taxed at her rate under your current setup, but would be taxed at your top marginal income tax rate if you own the investments, Boudreau said.Generally, the child's tax rate ends up being less than the parents' rate.

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