Experts respond to real-life scenarios of people struggling to afford higher education Jun 23, 2018 @ 6:00 am By Ryan W. Neal 4Shares Everything was going according to plan, at first. Rosemary was investing in a diversified portfolio and saving for retirement. Over several years her adviser helped her negotiate pay raises, buy a home…
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We all have a tendency to compartmentalize different areas of our life, and this is no different when it comes to financial planning. Most of us think that paying for college and planning for retirement are our two biggest financial goals; and logically, we prepare for each one of these individually knowing this fact. However,…
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Question: We are starting an account to eventually fund our child’s education, and we have heard that the 529 Savings Plan and the Prepaid College Tuition Plan are the two best options. Is that true and which one is better? Answer: This is a very frequent question that parents ask when they are taking the…
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With the help of financial advisors from TheCollegeFundingCoach.org, we’re going to debunk the most common myths about applying for student aid and paying for college. We’ll also talk about the point when investment returns outweigh your… https://www.fool.com/podcasts/answers/2018-04-10-5-common-myths-about-paying-for/
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“I don’t want any financial aid”…said no one ever. Well that is the path you’ll go down if you don’t file the Free Application for Federal Student Aid, commonly known as FAFSA. It is estimated that $2.3 billion in federal aid was left on the table in 2017 by students who did not file. Many…
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Have you seen the Progressive Insurance commercial with the “Name Your Price” tool? If you haven’t, the premise is that Flo (the spokeswoman) gives the price scanning gun to the customer to let them name their price for insurance. In actuality, when a customer approaches Progressive about getting Insurance coverage, they get to pick and…
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If you are a high school senior who will attend college in the fall, you need to understand the pressure and burden that follows when you take out massive student loans to pay for college. If you are a college grad and currently staring down the barrel of an overwhelming student loan repayment, you already…
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Each year we are amazed at the lack of planning that some families put into college, especially financing college. The proof of this lack of planning comes out when we ask these simple questions in the initial interview with the student: Why do you want to go to college? Where do you want to go…
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It’s almost time to apply for financial aid! Did you know the dates for the FAFSA® have changed? For those who will go to school beginning 2017-2018, students can fill out the FAFSA® as early as October 1st. Let’s try to get it done before the holidays! You’ll use the 2015 tax returns, so for…
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As the cost of college heads for the stratosphere and student loans become more costly due to higher interest rates, many families may find themselves a bit cash-strapped and begin to look at their retirement fund (401k, 403b, IRA) to cover their education expenses. While it’s a natural tendency to want to do all you…
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