Delaying Retirement Due to School Debt

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School debt in retirement? Yep, it’s trending that way. It’s not your school debt, as you paid that off years ago. Rather, it’s the debt you incurred on behalf of your children. You thought they would take over payments once they were gainfully employed. Their employment, however, doesn’t pay what it should or what was […]

Press Your Luck

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If you’re around my age, you likely remember the 80s game show called “Press Your Luck.” One of my favorites, the contestants often shouted “No Whammies! No Whammies!” Unfortunately, many parents today face a triple whammy…paying for (or helping their children pay for) a college education, preparing financially for their own retirement, and taking care […]

Planning on Helping Pay for Your Grandchild’s College Education?

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Doing so may not be the best way to help. There are some things you should know… First, are you financially able to help? Parents and grandparents want the best for their children and grandchildren, yet find themselves facing a financial struggle. Even if not struggling now, if private student loans are part of the […]

Student Debt is Leveling Off??

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With millions in default and graduates facing debt repayment that will limit home purchases and delay the start of families, the data suggest the average student’s debt is plateauing… While that may be true for the average student, it’s not true for many parents. As most students have borrowed as much permitted under the federal […]

The Ever-Increasing School Debt Burden

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The amount owed on school debt by more than 44 million American borrowers recently exceeded $1.5 trillion. And, with most universities raising the annual cost of an education by 3%-8% for the upcoming academic year, students and families will be borrowing an even greater amount to cover that cost. Added to the mix is a […]

School Debt and the AARP

The AARP has taken an interest in student loan issues over the past few years. Why would an organization focused on retirement be worried about the student loan crisis? Well… Over $18.2 Billion in school debt is held by individuals aged 60 and up and roughly 200,000 seniors have had or are having their Social […]

How Much Will Higher Education Cost Your Family?

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As long as the annual cost-of-attendance governs the college choices of students and their families, families will rely on the award letter indicating the financial aid available to them. Families need clarity in the financial aid award letters they receive. Unfortunately, whether intentionally or unintentionally, those letters can be rather murky indeed. Financial aid can […]