College Funding

College funding, savings, loans, grants, and investing

14 Sources of Funding College and Calculators

College costs are going through the roof! You’ve seen the headlines. How are you going to pay for college, and what is going to cost you or your kids? A 4-year college costs on average  $21,447 for in-state public and $42,224 for private per year for tuition, room, and board. That’s a total of [...]

Student Loan Articles

Here are a few very good and interesting student loan and college finance articles I’ve run across you might be interested to read: You Paid for College How? How Not to Blow it Financial Aid The Minuses of Parental Plus Loans

College Education Tax Deductions and Credits

If you have a child that will be going to college, it is a good idea to become aware of the various tax credits and deductions that may be available to you. These have been around a while; they include the HOPE Scholarship Credit and the Lifetime Learning Credit created by The Taxpayer Relief Act [...]

The Relationship of Education to Poverty

Interesting article in the Atlantic: College costs continue to rise, outpacing inflation, yet the cost to them and society is astounding: College graduates earn 80% more than high school graduates If US raised education performance South Korea’s level US economy would improve by more than $2 [...]

Student Loan Debt Tops $1 Trillion

The Financial Protection Bureau recently reported that total student debt topped $1 trillion last year (2011). They report that some of the reasons for the rise is a lot of Americans returning to college, instead of staying in the weak labor market. Tuition increases have continued especially [...]

Federal Student Loan Repayment Options

Week #4 of Dave Ramsey’s Financial Peace University: Dumping Debt was a great motivating lesson. Since that class I have received numerous questions about Federal student loans. Therefore I put together the following brief about Federal Student Loans various repayment options to foster your [...]

Student Tax Breaks

Most articles about college education planning provide valuable information for parents who are saving and investing for their children’s education, as well as various options for financial aid and student loans. However, what options are there for students that don’t qualify for aid and want to [...]

Coverdell Education IRA and 529 Explained?

Following Dave Ramsey’s “From Fruition to Tuition” class, people often ask me about the education savings accounts and 529 plans.  It seems there is a little confusion.  Briefly… The Education Savings Account (ESA) and the Coverdell Education IRA are one and the same. They are accounts that are set [...]

Obama’s New College Loan Program

Obama mentioned that as of January 2012, student loan re-payments will be limited to 10% of income, and any left over balance after 20 years, would be forgiven. Sounds good, similar to the current plan that already exists for some loans and some non-profit employment situations after 10 years. So [...]
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