In a study conducted last summer, it has been noted that in less than two decades, the percentage of college students borrowing money for their education had almost tripled. In this expose article, we’re going to talk about the inconvenient truth about student loans. You may not like what you’ll be hearing but we guarantee you that you can’t afford to miss out on this. As of 1993, those who borrowed money in order to go to college was the exception to the rule—a rough statistic of three out of ten students had were borrowing just to get into college. … (more) April 30, 2010
5 Questions you need to ask yourself
April 29,2010 by: Dallas Browne
If you want to get that college education badly, you need to ask yourself these five very important questions. Otherwise, you can just say hello to endless financial problems from the moment you sign your name on those loans! Get to know your loans better so you can plan your future and have less problems. What are the loans’ interest rates? Compare and contrast the interest rates of the loans that you are considering. Learning the interest rate is very important in any loan. You see, when you take out a loan, the banks will be able to profit by … (more) April 29, 2010
Settling for Prepaid Tuition Plans for College
April 28,2010 by: Dallas Browne
There are a number of investment options that can tempt parents when they plan for their children’s college education. State-sponsored prepaid tuition plans, which are available in quite a lot of states, are the most attractive options. Through these plans, parents can pay the tuition rates of today while still certain that the amount of money the child needs when he or she finally goes to college are covered. Individuals getting these plans are also allowed to defer from paying federal income tax on earnings until such time that the money for college is withdrawn. These plans simplicity and guarantee … (more) April 28, 2010
Saving Enough for College
April 27,2010 by: Dallas Browne
President Obama announced recently that he is going to lower student loan payments through improving the Income Based Repayment program (IBR), cutting down student loan payments to no higher than 10% of a graduate’s earnings. However, until nothing is made official and since nothing is really certain, you should think about saving for college. Getting a college education has lots of benefits and this includes your future. Having a college degree will land you with the more decent-paying jobs and brighter opportunities than those who choose not to go to college. Early on, you might have considered your child’s future … (more) April 27, 2010
Getting Started on Saving for College
April 26,2010 by: Dallas Browne
Getting a college education is equivalent to investing for your future. In fact, you can consider it as an investment that pays a lifetime of dividends. In comparison, people with a college degree will earn an average of $517,000 over a lifetime more than a person with no education further than high school. An average income family will, however, be experiencing financial constraints as soon as they send their kids to college. The cost of college education can take the most of the family’s income. There will be options such as loans, scholarships, grants, and work-study but these are only … (more) April 26, 2010
