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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…

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…

College Budget: Create Your Worksheet Now

As a new college student, managing money can be one of the keys to a college financial success. Typically, students receive money in large chunks, either from loans, education savings plans or summer jobs. If a student is managing their money for the first time, it can be tempting to spend big early on. However,…

Financial Literacy: College Students Need to Learn It

College is a time of freedom for many students, but it can spell trouble if that freedom applies to personal finances too. Students need to understand basic money management skills such as living within a budget and handling credit and debt. According to the first annual High School Borrowing Survey conducted by the Credit Union…

Is a College Degree Worth It?

Thanks to rising tuition costs and a tough job market, in 2011 college seniors graduated with an average of nearly $27,000 in student loan debt.  According to the College Board, going to college costs between three and four times as much as it did 20 years ago and the fees continue to rise. While college-educated…

Federal Student Aid Programs: What the Changes Mean to You

Paying for higher education can be difficult for many families. Costs continue to skyrocket at a time when many are struggling with economic and employment uncertainties. This makes applying and receiving financial aid critical for many college students. One factor that determines financial aid is the Expected Family Contribution (EFC). After your completed FAFSA is…