When thinking about ‘free money’ in terms of college, scholarships and grants often come to mind. They are a great help in relieving your college financial burden. But, it’s important to exhaust your search for free money so that you can take advantage of every financial opportunity. Let’s dig a little deeper into how you can expand your ‘free money’ …
Why Financial Literacy Matters
Being financially literate is a key step toward becoming an independent adult. It’s important to be informed about finances when moving onto college. Being financially literate can not only help you keep track of your spendings, but it can save you more money. It all starts with being financially responsible. Financial Responsibility Being financially responsible is one important step to …
The Key to College Savings
Saving a dollar today is better than borrowing one tomorrow – particularly for college. Here are three tips to help you build a nest egg for college. Start today – no matter the age of your child. Families with younger children sometimes fall into the trap of thinking saving for college can be delayed because they have many years to …
Paying for College
With research, early preparation, and discussion with family members, planning to pay for college doesn’t have to be confusing. One key is to be realistic about how much: your family has saved, current income can be contributed from work, is available through private scholarships needs to come from financial aid, and must be borrowed to fill the gap. Minimizing the …
Simultaneously Saving for Retirement and College
Finding a balance between retirement savings and college savings represents a challenge many families experience. If you feel overwhelmed, you’re not alone. The struggle is especially felt when parents consider whether to withdraw from their retirement savings to help pay for their children’s college expenses. Withdrawing from retirement savings or taking a loan against a retirement account reduces your total …
529 Savings Programs Explained
Minimize college borrowing with an active savings plan for your children. Saving a dollar today is better than borrowing one tomorrow. This simple example shows why: Saving: Saving $100 per month with a 4% rate of return compounded annually over 18 years will provide $31,336 to pay for college. Borrowing: At the start of college, let’s assume a student borrows …
Financial Literacy for College Affordability
There’s no doubt that college is expensive. Just ask any parent helping their son or daughter enroll this fall, or even file the FAFSA (Federal Application for Federal Student Aid) in preparation for next year. College affordability is at the heart of the issue, but real potential solutions to the problem can be swept away under the daily soundbites generated …
Budgeting Lessons
Budgeting and financial discussions may not be the most exciting topic for young adults, but studies show the earlier you introduce financial literacy to your children, the more likely they are to have long-term financial success. Here are a few topics to discuss with your children about having a disciplined approach to earning, spending and saving to foster great money …
Education Benefits for Veterans
The U.S. Department of Veterans Affairs and many private organizations offer education benefits and assistance to veterans and their families. Below is an overview of these benefits. Keep in mind that many colleges and universities also have dedicated resources on campus to assist Veteran students in understanding and obtaining their full benefits. Post-9/11 GI Bill The Post-9/11 GI Bill …
- Page 2 of 2
- 1
- 2