Student Loans

The cost of college today is astronomical.  While there are many approaches to saving for college, and 18 years to do so, many parents and students find it hard to put enough away to cover four years of tuition.

 

If you find yourself in this position borrow as little as possible, and at the lowest rate possible.

 

If you are already deep in student loan debt, at a minimum consolidate your student loans to the lowest interest rate available and pay them off as quickly as you can afford to do so.

 

Learn More About Student Loans

9 Scholarships For Single Mothers

scholarships-single-moms

If you are a single mother and will be going to college, you may be able to get scholarships for single mothers to cover costs associated with your education. There are actually quite a few scholarships for single mothers available. Scholarships for single moms often fall into one of four categories or combine features of two or more of these …

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Student Loan Debt Forgiveness Sends Wrong Message

There is a growing trend in America.  Actually, there are two growing trends.  More and more young people are drowning in student loan debt. If that happens to be you at least consider refinancing your existing student loans to take advantage of historically low interest rates. And more and more young people are pinning their hopes on student loan debt …

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Four Unconventional Ways to Pay for College

student loan alternatives military

In this changing economy, it is very beneficial to obtain a college degree.  Having a college degree will help you secure that great paying career you have always wanted. However, college is not cheap. Most students are left with thousands of dollars of debt when they graduate college. Having so much loan debt will give you less disposable income and …

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Four Realistic Alternatives to Student Loans

working my way through college

It was just a few months ago that we learned our collective student loan debt was nearing one trillion dollars. That’s a “1” with 12 zeros behind it. As bad as it sounded then, today we learn it is even worse. According to a Wall Street Journal article, student loan debt has actually already surpassed the one trillion dollar mark. …

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Using a Roth IRA for College Savings

roth ira for college

Saving for your child’s college education can be done through a variety of accounts from Coverdells to 529s. Very few financial advisors, however, talk about the possibility of using a Roth IRA for college savings. For some people, this is an excellent way to save for these costs while still maintaining a lot of flexibility with their money. For other, …

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