Category - College

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College Students and Their Families Face Tough Choices
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Financial planning for college: should you bother saving?
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Give a Graduate the Gift of Financial Planning
4
What is the Best Way to Save for College?
5
Starting College – Credit Card Tips For You

College Students and Their Families Face Tough Choices

College students face some tough choices as they look to how they will continue their college education that was likely disrupted in some way by the pandemic during this past spring semester. Some classes are all online or partially online and some students can’t fully pursue their courses of study because of the need for people to keep their distance from each other.

Good Housekeeping offers some perspective and advice for families who are weighing their options for the fall semester and beyond. Since no one can really predict what will happen, students and their families have to consider …

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Financial planning for college: should you bother saving?

Nobody wants to pay for something, then watch someone less deserving who gets it for free. A dear friend recently raised this situation: are you a sucker for saving, while somebody else spends freely and their kid gets more money from a college?

I’ll give a very qualified yes to this—there are a few situations where it doesn’t pay (very much, at least) to save for college. Let’s say you make under $75,000 a year and have no investments beyond retirement accounts. Your family probably will qualify for some serious financial aid, and would get less if you saved into …

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Give a Graduate the Gift of Financial Planning

The 4 best financial gifts to give a college graduate (other than money)” is aimed at people who want to give a useful gift to a college graduate but you may want to also think about giving a gift that helps with financial planning to any high school graduates in your life as well.

Saving and Investing: The article offers two suggestions—either that you give a monetary gift with the stipulation that a graduate has to invest that money or you take the step of opening an account at a brokerage for the graduate and offer seed money …

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What is the Best Way to Save for College?

As long as you start early or have enough income to pay for college, it doesn’t matter how you go about it, right? No! The method you choose or account type can have a huge impact on your out of pocket costs. Below is a comparison of four different ways to handle college costs.

4 Ways to Pay for College 1. Section 529 Plans

The money contributed to these accounts generally grows tax-free if the funds are used for college expenses including tuition, fees, books and room and board for many students.

2. Investment Savings Account

The earnings on these …

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Starting College – Credit Card Tips For You

Parents hope for a better life for their kids and it starts with helping after high school. Along with newfound independence come new experiences and unknown responsibilities. One of the most important talks that should be had before young adults venture out on their own is how to manage money and especially how to handle […]Read More

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