With more time under your belt to build wealth, you may be in a better financial position to help your grandkids reduce or avoid crippling student loan debt than their parents are. Here are 12 options to help out with tuition and other education costs.
The cost of textbooks is going up rapidly, and it shows no signs of slowing down. If the start of the semester has you scrambling to afford all the books you need, there are ways to save money without skipping out on buying them entirely.
Scholarships, grants, and federal direct loans don’t always cover the high cost of education. That’s where PLUS loans come in. They allow parents or grad and professional students to borrow everything else they need to pay for education. But before you sign, it pays to know what you’re borrowing.
If you’re a student looking for a place to park your money without excessive fees or unrealistic balance requirements, check out the impressive array of low-cost, low-balance checking accounts available to students. These are among the top FDIC-insured checking accounts for U.S.-based students.
If you’re heading to graduate school, you may already feel like a student loan pro if you’re familiar with undergrad loans. But there are some key differences between graduate and undergraduate loans for both federal and private student loans. This is what you need to know.
Planning for education expenses early lets parents spread out the cost and use tax-advantaged accounts to build up savings. ESAs and 529 plans are similar tax-advantaged investment accounts that let you do just that. Which is right for you? Read on to learn about the pros and cons of each.
Most college students have limited experience with credit cards and other forms of credit. Accordingly, their credit histories are often thin or nonexistent. Therefore,...
Having a bachelor’s degree increases median earnings by 56% compared to having only a high school degree. If you’re an adult without a college degree, that’s a depressing reminder of what you’ve missed out on. But you can get that degree. The only difficulty is figuring out how to pay for it.
A 529 plan can help cover the costs of a college education. But parents and students alike should understand the impact this account has on a student's financial aid eligibility. Here’s how to make sure you don’t hurt a student’s chances at federal funds when tuition bills come due.
Income-driven repayment (IDR) plans can be a lifesaver for those seriously struggling with student loan debt. However, not everyone benefits from an IDR plan. Before you decide to enroll, carefully weigh the pros and cons against your own debt and income levels.
With the amount of student loan debt in the United States inching past $1.5 trillion, there’s good reason to think twice about borrowing money in pursuit of more education. If you’re thinking about graduate school, consider these factors first.
Not every parent has the means to help cover the cost of their child’s education. But for those who do, it’s never too early — or too late — to start. Investing in a 529 college savings plan is one of the most efficient ways to save for your kid’s college costs. Learn more about 529 plans here.