college planning

/Tag: college planning

College Board Releases New College Cost Figures

By |2014-12-04T22:24:44+00:00December 4th, 2014|Categories: Personal Planning, Uncategorized|Tags: , , |

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 [...]

Small Amounts Can Add Up to Big College Savings

By |2017-04-18T20:53:57+00:00October 18th, 2013|Categories: Press Room|Tags: , , , , , , , , , , |

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 [...]

Evaluate Investment Costs In College Savings Plans

By |2017-04-18T20:53:58+00:00September 11th, 2013|Categories: Press Room|Tags: , , , , , , , , , , |

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 [...]

New Federal Student Loan Rates… Again

By |2013-08-21T16:37:58+00:00August 21st, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , |

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 [...]

Providing for a Grandchild's Education

By |2017-05-09T22:12:35+00:00August 9th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , |

As the cost of a college education continues to climb, many grandparents are stepping in to help.  This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what’s predicted to be trillions of dollars over the coming decades.  Helping to pay for a grandchild’s college education [...]

Interest Rate Increases on Some Federal Student Loans

By |2017-05-09T22:12:31+00:00July 11th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , |

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 [...]

Teach Your Children Well: Basic Financial Education

By |2017-05-09T22:12:05+00:00April 2nd, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , , , , , , , |

Even before your children can count, they already know something about money: it's what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children begin to handle money, start teaching them how to handle [...]

What to do when Saving for You & Saving for your Child's College Education

By |2013-02-28T16:51:34+00:00February 28th, 2013|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , , |

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 [...]

Increases in College Costs for 2012/2013 Continue to Outpace Inflation

By |2012-11-07T18:45:22+00:00November 7th, 2012|Categories: Personal Planning, Uncategorized|Tags: , , , , , , , , , , |

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 [...]

Consider 3 of the Safest Investments Within 529 Plans

By |2017-04-18T20:53:59+00:00September 24th, 2012|Categories: Press Room|Tags: , , , , , , , , , , , , , |

Savings accounts, CDs, and money markets can offer stability for parents of future college students. reposted from U.S. News & World Reportby: Reyna Gobel, September 19, 2012 For parents, one of the scariest aspects of investing in a 529 plan, a college savings account with tax benefits, is taking a risk with money used to fund [...]