As you choose a plan to help save for your child’s education, you may also want to find out how financial aid can help you pay for higher education costs. The prospect of paying for college may seem intimidating, but with proper planning, it doesn’t have to be. How much of your child’s tuition are you [...]
One of the most financially savvy gifts a parent or guardian can give their child is to send them to college. Even with student debt, the difference in a college graduate’s lifetime earnings vs that of someone with only a high school diploma is substantial. This wage difference spread over 40+ years in the work force [...]
Background Every year, the College Board releases its Trends in College Pricing and Trends in Student Aid reports that highlight current college costs and trends in financial aid. While costs can vary significantly depending on the region and college, the College Board publishes average cost figures, which are based on its survey of nearly 4,000 colleges [...]
reposted from U.S. News & World Reportby: Reyna Gobel Parents who stuff their children's college funds with more than they can afford each month are setting themselves up for failure. "Parents start off saving $500 per month, but then the car breaks down or they need new tires," says Mackey McNeill, a certified public accountant and [...]
reposted from US News & World Reportby: Reyna Gobel College savings accounts come with a price. When parents compare prices on 529 plans, tax-advantaged college investment accounts, they're looking at what are known as average costs. The average cost represents what the average investor pays, but there a lot of choices within 529 plans that can cause [...]
On August 9, President Obama signed the Bipartisan Student Loan Certainty Act of 2013, which changes the formula for determining federal student loan interest rates. The law comes after months of partisan bickering, which culminated with the rate on subsidized Stafford Loans doubling to 6.8% on July 1. The new legislation replaces a prior system where [...]
On July 1, the interest rate on new federal subsidized Stafford Loans for undergraduate students doubled--from 3.4% to 6.8%. This increase brings the interest rate on subsidized Stafford Loans in line with the rate on unsubsidized Stafford Loans, which was already at 6.8%. The rate change is only for new subsidized Stafford Loans taken out after [...]
Let’s take a few minutes today to discuss one of the greatest budgeting tasks facing families across the world today. Often college and retirement occur all to close to one another for many people. Over the last fifty years more college educated people have entered the workforce than ever before, making higher education an even bigger [...]
Every October, the College Board releases its Trends in College Pricing report that highlights college cost increases for the current academic year along with trends in the world of higher education. While costs can vary significantly depending on the region and individual college, the College Board publishes average cost figures, which are based on its survey [...]