Late this past summer, earlier this fall, millions of students made it back to their college or university of choice; others made it, but maybe not to the school of their choice. Millions of parents hope their younger children might one day do the same. Most, if not all of those families, might be thinking […]
When it comes to federal student loans, the loans that are included in the award of financial aid, a co-signer is unnecessary. Parent PLUS loans can be taken to help your child cover the cost of their education. These loans, taken in your name, definitely obligate you to repayment. Unfortunately, there are times when a […]
Student loans are par for the course for most attendees. In fact, due to the projected expense of an undergraduate education, they likely had no choice but to borrow. And, according to studies/surveys, they borrowed more than necessary due to one or more of the following strategic errors… Borrowed more than necessary. Studies suggest that […]
With tuition costs soaring ever higher, parents have discovered that saving for a college education is tough, much tougher than expected. According to a recent Student Loan Hero survey, less than one-third of parents believe they’ll be able to cover the cost. The vast majority of those polled are finding it tough and more than […]
For families of high school Seniors, FAFSA time is almost here! October 1st marks the beginning of the Free Application for Federal Student Aid filing period for the 2020-2021 academic year. The FAFSA is comprised of more than 100 questions. Completing it will take some time. And, yes, mistakes will be made. Mistakes can be […]
Student loan debt continues to rise, nearing $1.6 Trillion, forcing Americans to delay saving for retirement. According to research conducted by the MIT AgeLab and published by the Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (“TIAA”), 84 percent of Americans report that student loan debt negatively impacted their ability to save for […]
For most Americans, religion and politics are taboo when it comes to topics of conversation. Likewise, it seems, is the subject of student debt. So much so that Americans may dive into the formerly taboo topics referenced above. According to a Harris Poll of more than 1,000 adults, the topic of student loan debt is […]
It’s not really a surprise. Almost without exception, every student and family engaging our services regret not beginning their college planning campaigns much earlier than they did. They all wish they’d spent more time. A national survey for Citizens Financial Group (“Citizens Survey”) showed that 63 percent of parents and 60 percent of students […]
Student loan debt, second only to mortgage debt, accounted for $1.5 Trillion of the total debt held by Americans. As most of those burdened by such debt will adhere to traditional and conventional means of repayment, they’ll spend years, even decades, perhaps their entire working life paying off those loans. A few of the misconceptions […]
The recent college admissions scandal served to highlight the confusion and worry faced by millions of parents as they confront the college planning process. Confused and worried they are; confused and worried they should be. Most parents have delayed planning for a multitude of reasons, many of them believing they had time to plan. The […]