Category - College

1
Should I Buy Life Insurance To Pay Off Student Loans At My Death?
2
College Expenses You Haven’t Planned For
3
Smart Savings For Education
4
Tax Tips For College Expenses
5
Should I Save Into My 401(k) Or Pay Off Student Loans?

Should I Buy Life Insurance To Pay Off Student Loans At My Death?

Student loan debt has topped $1 trillion, and is rapidly climbing. According to FinAid, total student loan debt is growing by $2,853.88 per second… That’s over $10 million per hour! Unfortunately, unscrupulous crooks are using the debt as a way to scare people into making bad financial decisions… Take the following story for example…

A friend recently came to me and was furious… She is in her late 20’s, middle income, with no spouse, significant other, or children. A life insurance salesmen approached her about buying a Whole Life Insurance policy. My friend knew enough to know that she …

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College Expenses You Haven’t Planned For

Soon (if not already) you’ll know if your child is one of the anointed ones. Early decisions from college applications have pretty much rolled in by now, and while the regular decisions are still sweating it out (or hoping for better), parents are busy filling out those college aid applications. It’s really crazy that you have to file aid applications without knowing whether your child is in or not, but I suppose the colleges could argue that you need an aid offer to know whether you’re going to accept their admissions offer. I’ve discussed aid qualifying in other posts on …

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Smart Savings For Education

Open any newspaper or visit any financial website and you only need about 10 seconds to find a story about students with massive education debt. Do you wonder how this happens? I think I can answer that, and also offer a smart technique I just learned from a client. First, let’s look at some of the ways you (or your child) can rack up a huge bill, with an eye to AVOIDING these “techniques”.

  1. Choose a dumb major. I’m all for a liberal arts education. I do not think undergraduate work should be trade school. So if you want to
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Tax Tips For College Expenses

Most all college students are back on campus by this point but the benefits that you can receive from various tax credits will not become apparent until you pay your taxes next year. It’s important to know what tax credits you may be eligible for early on, so that you keep good records as you pay these college expenses. Recently the IRS published their Summertime Tax Tip 2012 – 25 which details tips for students and parents paying college expenses. The actual text of this tip is listed below.

Whether you’re a recent high school graduate going to college for …

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Should I Save Into My 401(k) Or Pay Off Student Loans?

2/3rds of college students graduate with student loan debt. On average, graduates have about $24,000 in debt, with 10% of graduates having over $45,000 in debt. And those are just the statistics for students with a 4 year degree. Student loan debt is at an all time high, and very well may continue to rise with the increases in college costs. How should workers with student loans decide between paying down their debt while still saving for the future?

Track your spending: If you frequent this blog, you know I am passionate about the benefits of tracking your …

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