Looking to ease the burden of paying for college tuition? Tune into this podcast for creative solutions families can use to pay their upcoming college bill. Prudent Money hoast, Bob Brooks and College Admissions expert John Hupalo discuss the options.
College admissions decisions are arriving – a joyous time for students relishing their success. A disappointing moment when dream schools say no. No matter which, these emotions will soon be overrun by the reality of making a school choice. And then figuring out how to pay the coming college bill. Lurking under it all: how much student loan debt will be required to get to graduation?
Tune in for this podcast with John Hupalo and Money Savage's George Grombacher to learn why many parents avoid discussing college payments with their students.
Student loan forgiveness is a hot topic. Here are six facts to help you make sure you don’t get burned by the hype around loan forgiveness. Know the facts now to avoid taking a loan expecting that it will be forgiven only to find out that you don’t qualify after making ten years of payments.
Most families know that there are many ways to pay for college: savings, loans, grants, scholarships, financial aid, gifts from friends and family, income from a job, etc. Sometimes overlooked is a hidden gem that could reduce student borrowing and the total cost of paying for college: tuition payment plans.
In the 1990s, Congress passed legislation to create 529 college savings programs to help families create a nest egg for college. With terrific tax benefits and lots of flexibility to move money among beneficiaries, more than 13 million current account holders have saved more than $325 billion.
With more than $1.5 trillion of student loan debt outstanding, a lot has been written about student loans. Not much has been written about the relationship between student loans and credit scores.
The excitement of a college acceptance letter can be quickly replaced with anxiety if the financial award (a.k.a., the Financial Aid Package) is a bust. Here are some tips to evaluate the Package and what to do if it falls short.
When it comes to paying for college, the process can seem overwhelming. There are so many financing options out there and you might be feeling lost about how to choose the correct ones for your family. The key is to equip yourself with information so that you can have the knowledge you need to make an informed decision, especially if taking out a student loan.
When you buy expensive things -- a TV, a car, a house --, you most likely take more and more time to carefully consider the risks, rewards, and probable outcomes associated with the purchase as the price increases. No one wants to waste hard-earned money. In addition to knowing the purchase price, you will likely have a good handle on the ultimate cost, including after-purchase expenses such as maintenance and insurance. This is true for nearly all consumer transactions -- except for purchasing an education.