Category - College

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Making Wise Decisions About Educational Funding And Student Loan Debt
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How To Fund Your Way To College
3
Should I Buy Life Insurance To Pay Off Student Loans At My Death?
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College Expenses You Haven’t Planned For
5
Smart Savings For Education

Making Wise Decisions About Educational Funding And Student Loan Debt

As a financial advisor that focuses on serving a Generation X clientele (including many people with graduate degrees!), one of the hot button issues that I run into is: “How do I save for my children’s education in light of spiraling education costs?” While I believe there are some cataclysmic changes coming to higher education in the coming years, here are some tips to keep in mind as you put money away and guide your children in their educational decision making:

Instead of trying to keep student loan debt to a certain percentage of their expected salary, I believe students

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How To Fund Your Way To College

With the cost of college rising quicker than the inflation in this country, figuring out how to save for college can be quite a task. However, college is the best investment that can be made—individuals with college degrees make twice as much, on average, than those with just high school diplomas. So, the perilous road towards saving for college must be taken. Check out the following ideas to make saving for college a little bit simpler for you:

Where to Save

Some people prefer saving their money in bank accounts as opposed to stocks. With bank accounts, though there are …

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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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