College Planning

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Student Loan Forgiveness: Why Critics Say It Won’t Work

A college graduate without student loan debt is like catching a glimpse of a white whale in the ocean; needless to say, it’s a rare occurrence. In the past eight years, student loan debt has nearly tripled to $1.1 trillion. It has gotten so bad that the New York Fed economists warned last month that…

College Students: Personal Finance

It’s normal for parents to worry about sending their students to college, but it’s not just their academics that parents should worry about. They should also think about making sure their college student understands personal finances. Research from America’s Promise Alliance shows that a lack of transparency and simplicity in the application process can make…

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…

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…

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…

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,…