Archives for June 2013

Mortgage: Is It a Smart Way to Pay for College? Part 2

The time has come for your student to start thinking about colleges, which means it’s time to think about how they are going to pay for it. Many parents look to their home equity as a possible source of funds to pay for college. Last week, we went over the questions you should ask yourself before considering taking on parental debt to fund  your … [Read more...]

Mortgage: Is It a Smart Way to Pay for College? Part 1

Paying for college can be overwhelming given the spiraling cost of tuition, rough economy, dwindling stock market returns and stagnant home values. So it’s no wonder some parents are looking into using their home equity to help their student pay for college. But is taking equity out of your home in the form of a new home loan or refinance the best … [Read more...]

June Newsletter 2013: College Budget: Create Your Worksheet Now & More

  Happy June! Summer is here and seniors are now graduating. But before you let your student start their summer vacation, sit them down and plan out their upcoming college budget. In this month's Senior Scoop I give you a few easy steps to follow to make the college budget a breeze. My next webinar is scheduled for Saturday, June 15th … [Read more...]

529 Plan Options: When To Undo Them

529 plan options have been a common savings option for many students, parents and grandparents as the costs of higher education have soared. A 529 plan is a tax-advantage savings plan designed to encourage savings for future college costs. A 529 account owned by the parent or a dependent student, either directly or via the Uniform Transfers to … [Read more...]

Canadian Universities: Affordable Degrees for Americans

Many American high school graduates looking to attend a top-rated school at lower cost are picking up a passport and heading north for their college years. According to the Canadian embassy in Washington, D.C., an estimated 10,000 Americans are pursuing degrees in Canada; that number is up from 3,500 ten years ago. In many cases, even with extra … [Read more...]