Should you save for your children's education? A better question is "should you invest for your children's education?" There is a simple cut and dry answer here...it depends...it's really up to you. Did I say cut and dry? Forgive me. You are not obligated to pay for their college. It's not your responsibility as a parent. However, it is nice to be able to help them out. … [Read more...] about The Quick Guide to Education Accounts: 3.2 Tax-Free Ways to Invest for College
Today, we have a special guest post from Andy Josuweit, CEO of Student Loan Hero. He really knows that he's talking about when it comes to student loans. You can learn more about Andy at the end of the post. Are your student loan payments too much to handle? Don't worry, because you're not alone. As of December 2012, only 54% (20 million) student loan borrowers, out … [Read more...] about 5 Ways to Lower Student Loan Payments
Today we have an awesome guest post by Frank McCourt on student debt, how to handle it and avoid it. As of 2012, the average amount of student debt accrued by graduating students reached nearly thirty-thousand dollars. For these graduating students, debt is a fact of life that they’ll be dealing with for around a decade after leaving their old alma mater. Student debt … [Read more...] about Doing Your Debt Homework: 3 Strategies to Plan Ahead for Student Debt
Do you save for your children's education? Or do you plan to start? If you think it's important to help your child with college expenses, you are in luck, because you have some options. One of the most common ways to save for education is through a 529 plan. A 529 is like an IRA for education. Let's see how a 529 can help you... The Breakdown A 529 is an education savings … [Read more...] about What is a 529?
I just published an awesome guest post, which was an inspiring story about working full-time while paying for college. I think it's appropriate that I follow it up with an awesome infographic about the debt of college. If you are considering college, you will most likely incur some degree (no pun intended) of debt. This is the question we face: Is the degree worth the … [Read more...] about College Education: Is the Debt Worth It? [Infographic]