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Saving for College

There’s no denying the benefits of a college education: the ability to compete in today’s competitive job market, increased earning power, and expanded horizons. But these advantages come at a price–college is expensive. And yet, year after year, thousands of students graduate from college. So, how do they do it? Many families finance a college […]

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Saving for College: Understanding 529 Plans

Expecting a bundle of joy and wondering if you will be able to afford sending him or her off to college? Fortunately, you have a number of tax-advantaged federal and state college savings vehicles at your disposal, including the 529 plan, which comes in two varieties: the prepaid tuition plan and the savings plan. The […]

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Balancing The Account

Beyond Tuition: Controlling the Cost of a College Education

If you are considering purchasing a car for your student, ask the question: Why does he or she need a car? In many cases, students leaving home for the first time are inexperienced in managing money and it is their first taste of financial independence. Parents can help prepare their children to spend wisely. There […]

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Occidental Commencement 2010

Student Borrowing on the Rise

More than half of bachelor’s degree recipients graduate with debt averaging more than $20,000. College costs have skyrocketed over the past decade, rising faster than the overall rate of inflation. According to the College Board, the average annual cost of a four-year public college, including tuition, fees, and room and board now runs $17,131. The […]

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Education Calculator on Notebook

College Planning: Teach Your Children to Save

photo credit: nniknak Many financial experts believe the best time to introduce children to college planning is when they are in the sixth, seventh or eighth grade. Being part of the college planning process can be very educational for children, as it presents them with valuable financial lessons for the future. Children can earn money, […]

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