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Student Loans

Jan 02, 2015 Summer break is long. Parents are finding that out now, as those seemingly endless August days stretch on. Summer break can be especially long for those children who are old enough to want money yet too young to land even a part-time job washing dishes at the local family-owned restaurant. Think of all those 14- and 15-year-olds who are whiling away their summer days playing video games and binge-watching reruns of Glee on Hulu Plus. Read More...

Nov 07, 2017 Remember, Grease 2, and the song "back to school again?" (Yes, some of us are not embarrassed to admit we like it.) Well, when it's time to wind down summer break and get ready for the school bell, there are some great ways to prepare. There are a few specific things parents of junior and senior high schoolers should consider now to get themselves and their kids for what will feel like a lightning-fast school year. Before you know it they'll be headed off to college and, if you're not careful, racking up the student loan debt. Read More...

Jul 18, 2019 These days, the hardest part about getting through college often isn't the workload - it's figuring out how to pay for it. With the total student loan debt surpassing $1.2 trillion, many of today's grads are leaving school with a heavy financial burden. In some cases, parents are sharing some of the load by taking out PLUS loans to help cover the cost of their child's education. While there are some advantages associated with these types of loans, borrowing on your student's behalf can end up backfiring. If you're a parent who's considering a PLUS loan, you need to weigh the pros and cons carefully before signing on the dotted line. Read More...

Dec 08, 2016 As the summer days begin to fade into fall, millions of students across the country will be gearing up to go back to school. Heading back to the classroom usually means stocking up on new school gear, which is great for retailers but not necessarily for your wallet. Read More...

Jul 18, 2019 The average cost of tuition at public colleges and universities increased by 3.1% for the 2013-14 school year and tuition rates were up 3.8% at private schools. With the cost of a college degree at an all-time high, more students than ever are turning to loans to fund their education. By the time graduation rolls around, they've racked up thousands of dollars in debt that now needs to be repaid with interest. Read More...

Jan 02, 2015 If you're a parent, paying for college can put a serious strain on your budget, especially as tuition prices continue to climb. According to the College Board, the average cost of tuition at a public four-year university was $31,107 for the 2013-14 school year. The cost jumps even higher for students enrolled at private colleges. Saving early and often can soften some of the blow but you have to make sure you're stashing your cash in the right place. Read More...

Jan 02, 2015 "Say it ain't so" may be the cry for every kid as summer vacay comes closer to ending. However, most moms and dads are already in back to school mode. Many of them wait for the annual sales tax holiday which usually happens in August. I'll provide you with a link later so you can check out your state's guidelines for a weekend of tax-free shopping. But there are some back to school buys waiting for you right now. The savings can sometimes  outweigh any savings you will get waiting for the tax-free weekend. Read More...

Nov 07, 2017 Summer break doesn't mean you can stop thinking about college, especially if you are taking out student loans. For first-time students that means getting enrolled in classes, assigned to dorms and acclimated with the campus. For parents it is a time to double check fees and financial aid. Here are the five types of fees and forms to watch out for. Read More...

Apr 13, 2018 The growing issue of student loan debt has prompted several lawmakers to propose legislation that would reduce the burden for borrowers. Earlier this year, Sen. Elizabeth Warren (D-Ma.) suggested an initiative that would allow students to refinance their loans to a more affordable rate. While that bill failed to pass the Senate, it hasn't stopped other politicos from putting forth their own solutions to the student debt problem, including ones that turn to bankruptcy law. Read More...

Jul 15, 2014 It's no secret that student loan debt has reached epic proportions, surpassing $1.2 trillion total according to the Consumer Financial Protection Bureau. While the average borrower's debt load has increased, so has the default rate as students struggle to keep up with hefty monthly payments. According to the most recent data from the Department of Education, the two-year default rate was 10% for the 2011… Read More...

Apr 13, 2018 Student loan debt has swelled to over $1 trillion and that number continues to climb as more young adults rely on loans to cover the cost of their education. For 2014 grads, the average student debt load is hovering right around $33,000. Much has been made of how the growing student debt burden is impacting the economy, particularly the housing market, but a new study suggests that it's borrowers who stand to lose the most. Read More...

Jul 18, 2019 The student loan crisis continues to make headlines, with the national student debt load topping $1 trillion and counting. Each year, millions of students turn to federal and private loans to help pay for their education. All too often, young adults are willing to sign on the dotted line without fully understanding what it means to take on tens or even hundreds of thousands of dollars in debt. It's important for students and parents alike to be aware of what errors to avoid when taking out hefty college loans. Read More...

Jan 05, 2015 In today's job market, a college degree is considered a must-have but the rising cost of tuition is making it more difficult than ever to afford higher education. Student loan debt in the U.S. currently tops $1 trillion, leaving young grads with a nasty case of sticker shock once they leave college behind. For parents who are looking to ease some of the burden, saving early and often is the best way to financially prepare. If you're planning on footing the bill for some or all of your child's education costs, you need to avoid these costly college planning mistakes. Read More...

Apr 10, 2018 The first year of college is full of ups and downs as new students learn to navigate life on their own for the first time. In addition to juggling classes with working, studying or just having a social life, many freshman students are also figuring out how to manage their money without mom and dad's help. According to the National Financial Educator's Council, which administers the National Financial Literacy Test, the majority of young adults are woefully under-prepared for tackling financial issues. Read More...

Jun 26, 2014 Congratulations! You've graduated from college and now you're ready to head out into the workforce. Earning a degree gives you an edge in the competitive job market but for many students it often comes with a heavy price tag. If you borrowed to cover the cost of your education, the good news is you have some time - your grace period - before you have to start paying it back. Read More...

Jul 09, 2018 It's that time of year when new grads are taking that long walk across the stage to collect their degrees and first-time students are preparing to head off to college for the first time. From a parent's perspective, both events can be financially draining, especially if you're shouldering some of the cost of tuition or forking over a sizable amount of cash as a graduation present. To add insult to injury, your wallet could see even more of a strain if you have to pay a gift tax on your contribution. Read More...

Jul 17, 2019 These days, it’s hard to get an education without having to borrow money to help you do it. Some of us end up borrowing quite a lot. Not all degrees offer a great salary once you graduate to help pay back some of the student debt load. So if you’ve got a lot, or even just a little bit, of student debt and are scratching your head as to how you’ll pay it off before you die, we’ve got some tips for you. Read More...

May 18, 2018 It's high school graduation season across the country. While commencement means the end for many, in its truest sense it is the beginning of the next chapter. Many high school grads will be heading off to pre-college for all or part of the summer. It is a growing trend in which colleges and universities allow students to transition and prepare for college by attending a shortened semester. Read More...

Mar 14, 2018 You pay taxes, can vote and even join the military, but still your parents' income may decide how much financial aid you are eligible to receive. That is because it is all based on the FAFSA (Free Application for Federal Student Aid). Even if you are in graduate school, the FAFSA, based on your parents income, may still be used to determine eligibility. Read More...

Dec 23, 2014 It's no secret that student loan debt in the U.S. has reached epic proportions. According to the most recent statistics from the Consumer Financial Protection Bureau (CFPB), federal student loan debt alone is hovering at just over $1 trillion. With the job market continuing to recover, many graduates have found themselves struggling to keep up with staggering payments. The CFPB estimates that more than 7 million borrowers who owe either federal or private loans are currently in default. Read More...

Apr 11, 2017 Now should be the time of year when high school seniors have heard from the colleges they applied to, and have made their decision on where they are going. The admissions deadline for most colleges and universities around the country is between March 1 st and May 1 st. By this time financial aid packages have been sent out and the majority of students have sent in their payments, confirming their plans to attend a particular school in the fall. However, there are reports stating that hundreds of schools are still short of their enrollment goals. Read More...

Jan 02, 2015 I remember the first time I heard the term "Generation Y," I thought it was more like Generation Why? because they seemed to ask that questions more often. That catch-phrase would soon morph into the term millennial generation, or millennials, those born in the early 1980s through the 2000s. Read More...

May 19, 2014 You got that student loan to pay for college, or maybe you used the cash for that spring break vacay. Whatever you used the money for, it is time to pay the piper. The problem is you are graduating and still looking for a job or planning to go to grad or professional school. Read More...

Nov 06, 2017 For decades if you told someone you were attending a junior or community college there was often the implications that it was because you "weren't smart enough" to get into a 4-year college or university. That paradigm has not shifted, but rather has been shattered.  Read More...

Dec 21, 2017 SmartAsset wanted to know who in the country is getting the best deal for their property taxes. To find that out we answered 3 questions: how good are the schools, how safe is the area and how much are the property taxes.  Read More...

Dec 19, 2016 Unless you've been living under a rock for the past 10-20 years, you know that the cost of college has gone way up. The college inflation rate stands somewhere in-between 6 and 9% while standard inflation is only around 3% annually. That means that every year not only is the cost of college going up, but it's going up faster than everything else. Read More...

Dec 22, 2016 Remember graduating from college? Remember how clueless you really were about money? When you’re fresh of school, you have a lot on your plate and money management is often the last thing on the list. Here’s a few easy tips to pass along that could really benefit a new grad in the very near future. Whether the person is a relative or a friend, your new grad may not soak in all of the information but even a little bit of it can save them frustration, time and money. Read More...

Nov 19, 2014 When it comes to a college education, we see the continuous rise in costs, and many of us are asking if college is even worth it anymore. Although costs are rising and the economy is still recovering from a major recession, the price of a college education is usually still worth it. This is especially true if you have your heart set on a particular field that requires a degree. Furthermore, college degrees can be ever more worth it if you invest in the right institution and the right course of study. Read More...

Jan 02, 2015 The word nontraditional can have many different meanings depending on the context in which it is used. For our conversation on continuing your education, it means a student between older than 24. These are people going back to school instead of continuing right after high school. Read More...

Apr 08, 2014 "When I got to campus as a freshman, I'll admit I was overwhelmed. I didn't know how to choose my classes or find the right classrooms," said Michelle, a first-generation college graduate who recounts her first experience with campus life. "I didn't even know how to furnish my own dorm room. In fact, when I moved in I hadn't even realized that I hadn't packed the right size sheets for my bed." She would go on to explain that her sheets were too short leaving her to sleep with her legs sticking out and resting every night on one of those plastic dorm-room mattresses for her entire freshmen year. Read More...

Mar 14, 2018 I have in the past warned parents of mistakes in the home stretch of senior year that could cost your child his or her moment in the sun, graduation. It can also impact how much you pay for your child's college education or how much he or she has to take out in student loans. Read More...

Mar 18, 2014 Tax season is underway which means it's also time for college-bound students to begin applying for financial aid. If you're planning on borrowing from the government or looking for grants to help pay for your education you'll need to complete the Free Application for Federal Student Aid. Even though it's easier than ever to apply, navigating the process can still be a little tricky. Here are some tips to keep in mind to make sure you get the most from your financial aid package. Read More...

Mar 14, 2018 Between juggling classes, work and a social life, the typical college student already has enough on his or her plate without adding concerns about health insurance into the mix. Even though coverage may not be required by the school, the Affordable Care Act mandates that everyone have a minimum level of medical coverage. The upside is that thanks to Obamacare, students now have more options than ever when it comes to safeguarding their health. Read More...

Jan 02, 2015 I have now spent years advising parents on how to get their kid in college, pay for it and live to tell the tale. However, there are things beyond getting accepted to a college or university and receiving a scholarship. You must also prepare your child for what can be the greatest challenge of their lives thus far, campus life. Read More...

Dec 22, 2016 Many parents are in the middle of filling out their student's FAFSA form, the Free Application for Federal Student Aid. This can make you and your child a prime target for scammers and identity thieves. Think about it, your child has either no credit or limited credit and doesn't check his or her credit report on a regular basis. Here are five things you can do to reduce the risk of you and your child falling victim during the financial aid process. Read More...

Jan 31, 2017 The amount of student loan debt in America is a staggering number. It’s estimated that Americans carry at least a trillion dollars in student loan debt. Yes, some colleges have a much higher tuition than others, but at least two thirds of college graduates are carrying some type of student loan debt.  Couple that with a limping economy, and the job horizon for many first entering the work force, (or those who have been laid off) can be depressing. But there is hope! Some good careers will actually help you pay your student loans. In fact, some public service jobs will even pay your loans completely. Read More...

Nov 06, 2017 College acceptances have already (or will soon!) come in. I thought I would search out a few scholarship surprises you may not know about to help cover the cost of college. There are more out there that can help parents keep a few jingles in their pockets in order to save money for college. Read More...

Dec 30, 2014 Making the transition from high school to college or from college to the real world isn't always a smooth ride. For some students, taking a year off before facing the next challenge in their academic or professional careers gives them some much-needed room to breathe. Read More...

Apr 10, 2017 Student loan debt in the U.S. has reached epic proportions. Young adults are vocal about feeling the financial burden. A college degree is increasingly necessary even as the cost of college tuition and fees is on the rise. Colleges and universities are offering some students high discounts on that tuition. Everyone else will have to make do with student loans.  Read More...

Dec 29, 2014 You've heard me refer to my college kids as Y.A.C's; Young Adult Children. The biggest goal when they were in high school was to get them graduated and accepted into college with scholarships. Now that they are both in college, the responsibility has shifted to them when it comes to keeping those scholarship dollars. Read More...

Dec 23, 2014 In academic terms, economics is the study of the production, distribution and consumption of goods and services. Simply speaking, it's the study of the choices people make with the resources they have. Read More...

Jan 02, 2015 When I began writing my parent's guide "How to Get Your Kid in College and Live to Tell the Tale," my goal was to help parents maneuver through the maze that can be the college and scholarship search. Recently I have joked to my college YACs (young adult children), family and friends that perhaps I need to write another guide, this one called "How to Help Your Kids Keep Their College Scholarships." Read More...

Apr 10, 2018 We've all seen that Public Service Announcement from the Ad Council and The American Institute of CPA's that urges us to "Feed the pig." Well, I will be the first to say it is annoying, but it is also very effective. Read More...

Nov 07, 2017 Deciding which college is the best fit  is no easy task. There are all sorts of factors to consider which run the gamut from cost of the college and campus life to how big the institution is and what degrees it offers. You should consider them all before you and your child make a final decision, but there's got to be a starting point. Consider these 5 factors when picking the perfect college. Read More...

Nov 15, 2017 You won't find too many people arguing against going to college these days.  It might be getting more and more expensive but we know that there's a direct correlation between going to college and average salary and lifetime income.  And generally, the more school you go to, the more money you're likely to make. Read More...

Apr 13, 2018 I often tell the story of the insight one of my favorite bosses shared with me when our kids were in the "teen terror" years. SAL, as we liked to call her, told me she believes aliens come and take your kids away around 11 or 12-years-old and beam them back down around 20 or 21-years-old. While we laughed, it did give me pause. It almost seemed plausible. Read More...

Nov 12, 2017 My college graduation looms in the near future. I'm still trying to figure out what come next. Many of my classmates are looking to continue their education. I have friends headed to law, medical, veterinary and business school for masters and beyond. Many of them hope advanced degrees will lead to higher pay and a better career. Read More...

Dec 29, 2013 This time of year can be a stressful and life-changing experience for high school seniors across the country.  The reason behind it all: college applications and acceptance.  Not only is it getting more and more competitive to get into a four year university but the cost is also going up. Read More...

Nov 07, 2017 High school is an important educational period in most people’s lives. The education we learn in high school can determine whether we attend college, go straight to work or choose some other path. I have argued that  financial education should be a part of public school education, but many studies and reports reveal that courses that are already a part of most high school curriculum have the potential to determine a person’s income later in life. Read More...

Nov 12, 2017 Teaching your kids money management skills can help them to establish good financial habits that will benefit them long after they're grown. If you're ready to start raising money-smart kids, here are some of the most important topics you'll want to tackle. Read More...

Nov 12, 2017 Now is the time of year for graduate school application deadlines. There can be many benefits to returning to school. Obtaining your graduate degree can help open doors for you in your current career or help if you are considering changing careers, seeking greater financial rewards, or even just wanting personal growth. However, as we all are well aware, graduate school can be a big financial investment. Read More...

Sep 14, 2018 As my final winter vacation in college approaches, I can't help but think about the ultimate way to spend my last chunk of free time before the "real world" begins. Looking back to other winter breaks, I've gotten a lot out of that month off school. I hope to continue that trend this coming year. I have compiled some tips for students to make the most of their vacation. Read More...

Dec 29, 2014 This is the time of year when high school seniors begin scrambling to get their recommendations, transcripts, and test scores together to complete their college applications. This is already a stressful process for many students in addition to completing their existing high school courses. Once these students have completed their applications, they have another burden to contend with—the financial burden of paying for college. Read More...

Dec 21, 2017 The world is becoming smaller and smaller. Today, one can easily video chat with someone halfway around the world from the comfort of your home. Businesses are leading the charge through globalization, which has led to an increase in demand for employees who speak more than one language. Read More...

Dec 24, 2014 As you (or you and your high school senior) visit colleges and universities over the next few months, there are things you both should consider in finding the right college fit. It is not wise to chose the school based solely on which is offering the greatest scholarship award. I believe it should play a critical role, but should not be the only factor to consider. You (or your child) will make college home for years so a college visit is crucial Read More...

Jan 02, 2015 30.7 billion dollars. $30,700,000,000.  That's the richest endowment of any U.S. university and it belongs to Harvard.  It's no big surprise that Harvard sits at the top of the list for university endowments but $30 billion is pretty astounding.  That's $10 billion more than the next highest endowment which belongs to Yale University(again, big surprise). Read More...

Mar 14, 2018 This is a guest post written by Peter Giambalvo for CouponPal. College is supposed to be the best time of your life - don’t spend your best days worrying about money! Get your expenses under control so that you can focus on your books instead of your budget. Not sure where to start? Study these 10 tips and see how many you can put to use in your life. Read More...

Dec 22, 2016 It's not what you know, it's what you don't know.  Increasingly, we are learning just how little Americans know about finances.  It's hurting us all. Read More...

Dec 23, 2014 Here’s the deal. If you’re a high school student heading to college, statistically speaking, you are going to graduate with debt. According to American Student Assistance, of the 20 million Americans who went to college in 2012, 12 million of them borrowed money. As of the first quarter in 2012, the average student loan debt for all age groups was close to $25,000, 10% of borrowers owed more than $54,000 and 1% (about 167,000 people) owed more than $200,000 dollars. And that money has to be paid back. One way to ease this burden? Choose the right major. Read More...

Dec 23, 2014 Private pool, granite counter tops and flat screen TVs. Fire pits, roof deck and tanning salon. State of the art gym, putting green and stainless steel appliances. These may sound like the amenities of a 5-star resort, but these are the new features of college housing. Read More...

Apr 13, 2018 The issue of student loans has been getting much attention lately. Here at SmartAsset, we've written on entrepreneurs such as Peter Thiel who are creating programs for young students to drop out of school and pursue their interests directly. States such as Oregon are coming up with alternative methods to pay for state college tuition. However, for many of us, these programs are coming out a little too late. We're already saddled with student loan debt. While this debt cannot be reversed, if you take some smart steps to pay down your debt sooner than expected. Read More...

Feb 08, 2017 Student life is busy: school, internships, part-time jobs, friends, dating, and staying involved on campus. It may seem easier to worry about grades than your credit score, but college is a great time to start building credit. The key is to take calculated steps in becoming financially independent. Using a credit card can be a way to do that.  Here's a list of tips for college students who are ready to begin establishing credit. Read More...

Dec 20, 2016 At the beginning of each fall, when thousands of college students are filing into classrooms and dorm rooms across the country, schools and students alike wait in anticipation for the famed U.S. News & World Report College Rankings.  The rankings are among the most famous of all the collegiate rankings produced annually but each year there's undoubtedly more and more controversy.  Since the rankings fail to take into account a multitude of factors and overweigh certain aspects not everyone thinks they're a very good measure of the quality of a university. Read More...

Dec 23, 2014 In some of our recent posts on education and academia, a few issues that keep coming up are the incredible expense of higher education and whether or not getting your degree is even worth it anymore. Through programs like Peter Thiel’s Fellowship award, some are coming to the realization that subverting the traditional higher education route and going straight to working or networking in your desired field may be more beneficial. However, this trend is not taking hold in the Humanities Ph.D. programs. Read More...

Jun 25, 2018 Imagine moving out of your parents’ house for the first time, and not knowing how to create a budget, what a 3% interest rate on a student loan means, or never having seen a credit card only to be confronted by employees of credit card companies trying to sign you up for a card by enticing you with free stuff. For many, these scenarios have played out on college campuses across the nation. Unfortunately, it’s not only young adults, freshly out of high school, who are confused or unaware about personal finances. In a previous post, I discussed how one-fifth of adults lacked confidence or were confused about their own personal finances. If these adults lack awareness about their own personal finances, chances are they are hesitant to teach their children about… Read More...

Jan 10, 2017 Early adulthood is a time in most people’s lives when they are first coming into their own. Students who have graduated high school and are moving on to college, may be thinking about world travel while in school. More and more colleges and universities are offering an array of study abroad programs that allow students to in a foreign country while taking classes, and still receive credits towards their graduation requirements. Read More...

Nov 12, 2017 As the price of a college education continues to rise, more and more people are asking themselves is it even worth it. The Peter Thiel Fellowship  funds opportunities for young people to drop out, or completely avoid going to college in order to get real world, hands on experience in the science and technology fields. While Thiel’s fellowship may seem like a better alternative to college, and is a great way to get hands on experience, Stanford’s Dean of Engineering states that most investments fail, which will leave these young twenty-somethings without any real marketable skills and without a strong network. However, this is the type of argument one would expect from a college dean. The real question is what are the other alternatives? Read More...

Nov 15, 2017 The United States higher educational system is in trouble. The cost for a college education has skyrocketed over the years and more and more students are using loans to pay for their education. It is estimated that the average graduate completes their degree with $35,000 worth of  student loans. Many students are graduating with much higher loan debt, and this is just the average for under graduate degrees. Tack on the expense of graduate education and a student can easily rack up $100,000 or more worth of loan debt. Read More...

Dec 22, 2014 To make assumptions about the return on your degree based on the past experience of others is, in language not approved by the APA, CRAZY! In the world of graduate degrees and earnings, choosing to live and die by statistics is a recipe for unhappiness and dissatisfaction. Statistics do not represent individuals but collections of people and how well an individual performs in any measure of success is up to the individual. Read More...

Nov 15, 2017 Investing in prepaid college tuition plans is an alternate investment for parents who are looking to pay for college instead of using the traditional 529 College Savings Plan. Prepaying college tuition is a way for parents, grandparents, and other friends and family members to save for the high cost of college for children several years or even decades before the money is needed for school. Read More...

Mar 14, 2018 For many young adults, heading off to college means a new level of freedom but it also brings with it a new set of responsibilities. While it may not seem that important, the choices you make when it comes to managing your money as a freshman can have a significant impact on your finances long after you graduate. If Personal Finance 101 isn't on your class schedule this fall, these simple tips can help you start building good financial habits. Read More...

Nov 15, 2017 Preparing to send a child to college for most parents is a sort of a Jekyll and Hyde process. On the one hand you're thrilled that you child survived adolescence, the trials and travails of high school and is moving on to the first phase of full blown adulthood. The thrill is matched by the enormous sorrow that comes with the realization that your child is no longer a child and departing from under your wing. Those conflicting emotions can be compounded by the complication of divorce. Nostalgia for what might have been and what is gone can quickly give way to real renewed anger and resentment thanks to paying for college and the form known as FAFSA. Read More...

Jul 17, 2019 When you think of college you think of studying, parties, pizza, guys, girls, and late nights. We seldom think about debt until graduation and the time comes to start making payments. Rising tuition at state and private schools is continuing to rise and along with them so is student debt. For student and their families preparing for college the maze of financial aid forms can be confusing leaving many to assume that college loans are college loans. They are not. There can be up to five very different student loans available for students and their families to choose from and the differences can be substantial. Read More...

Dec 22, 2014 The cost of higher education has been a hot topic in recent months. Headlines about congressional squabbles regarding student loan interest rates, and reports of student loan debt topping $1 trillion are just the tip of the issues surrounding higher education. According to the non-profit advocacy group CollegeBoard, tuition prices at public colleges have jumped 4.8 percent over the 2011-2012 academic year. Tuition is up by 4.2 percent at private universities. In an effort to address concerns about rapidly soaring education costs, President Obama has proposed a new measure that could make college more affordable for millions of students. Read More...

Jul 18, 2019 For many freshly-minted grads struggling to find their footing in a tough job market, the arrival of their first student loan bill is a harsh reality check. Just as student loan debt is approaching an all-time high, default rates are also skyrocketing. According to a recent report from the Consumer Financial Protection Bureau, approximately 7 million borrowers are in default on a federal or private student loan. If your student loan payments are putting the squeeze on your budget, you need to know what your options are. Read More...

Mar 26, 2015 In the world of higher education rankings and earnings choosing to live and die by statistics is a recipe for unhappiness and dissatisfaction. Statistics do not represent individuals but collections of people and how well an individual performs in any measure of success is up to the individual. Everyone loves a bargain and we all desire to have nothing but the best for ourselves and our children. This is particularly true when it comes to college educations. The evidence, especially over the last several years is striking. Highly selective schools have become even more selective with plummeting acceptance rates. Read More...

Dec 22, 2014 Let's be honest if you saw a headline that said 15 Years of Hard Work and College Degree Lead to Entrepreneurial Success you would probably not read it. If on the other hand you saw the headline "College Dropout Beats IBM at their Own Game" you would devour it! The second headline is my take on the Bill Gates gets rich story. Now is the moment when those of you reading this article will split into two distinct groups, both of which will be loudly exclaiming, Hell Yeah! Read More...

Dec 22, 2014 I got a C in algebra the second time I took it. Sal Pampalone, my teacher was thrilled not so much that I passed but that I finally grasped the concepts. That was a longtime ago and far, far away but there was a lesson that educators were learning, that learning was about understanding and not a grade. The movement for non-graded schools began back in the '60s and '70s in public education along with experiments in more open curriculums where students focused on what interested them for half or more of their coursework. Individually Guided Education (IGE) has neither been adopted on a wholesale basis nor completed scrapped. Read More...

Dec 22, 2014 A college degree is crucial to success in today’s job market, but the rising costs of earning a diploma is making it harder for young Americans today. Scholarships, grants and student loans can ease the burden but you could still end up having to cover part of the expense yourself. The good news is you may be able to put some of that money back in your pocket by taking advantage of these key tax breaks for education. Read More...

Jan 02, 2015 It’s that time of year again. Back to school means term papers, long nights studying, costs for books and other materials needed for classes. College can be very demanding, with the costs of books, the stress of getting everything completed on time, and keeping it all organized. Luckily, there are ways to save money on books and keep the busy student organized and ready to meet the challenges of college life. The cost for one text book can easily cost $100 or more, and if you are taking four courses, the costs of books can easily top $300+, per semester. However, the savvy student can save a great deal or possibly get all their books for free, if you know where to look. Read More...

Jul 17, 2019 With the average yearly cost of attendance approaching $20,000 for public colleges and universities and $40,000 for private schools, more students than ever are financing their education. As a result, student loan debt has hit an all-time high, with recent estimates putting the total at just over the $1 trillion mark. For grads entering the still-recovering job market, paying down a mountain of loans can seem like an impossible feat, but there is hope. Thanks to various student loan forgiveness acts, you could be eligible for student loan relief, which can help you get the student loan debt monkey off your back once and for all. Read More...

Aug 09, 2013 High school graduation is a rite of passage and time for celebration. But unless you’re willing to witness a real life scene from 16 Candles,  Weird Science or even worse,  Project X, you’d do best hosting a project graduation party. Nowadays, schools across the country participate in some type of chaperoned, drug- and alcohol-free event, which typically on throughout the night. The scope of these events varies, depending on the school’s budget allocation and cost-per-ticket. But that doesn’t mean party planners need to skimp on the frills. The pleasure seekers at SmartAsset have compiled some ideas to help you load up on the fun on a budget. Read More...

Jan 13, 2016 Studies continue to show that getting a college degree has positive effects on job opportunities and future earnings. That said, higher education is proving to become a luxury. With the cost of college continuing to rise, many may feel the only option is to turn to student loan debt to finance education. But if you are looking to save as much as possible to put yourself or your kids through college, there are some savings strategies that are better than others. What is the best way to save for college? There are several options out there that can be helpful. Read on to learn some tips. Read More...

Dec 18, 2014 Not all insurance policies are created equally, and not all things need to be insured in this day and age, yet you can get a policy for just about anything. One type of policy that has been around for some time, but with very little fanfare is Tuition Refund Insurance (also known as Tuition Insurance). Read More...

Dec 17, 2014 Moving back home with your parents may be a little embarrassing, but it is an increasingly common choice for American 20-somethings. As recent college graduates they may need a place to stay while they get their feet on the ground. Whether you are waiting for a job, looking for a cheap apartment, or biding time until marriage, use these tips to keep your family from going crazy. Read More...

Dec 17, 2014 With the student debt levels across the US reaching $1 trillion, and the effective interest rate for Federal student loans having doubled, many potential students are worried about the financial burden of attending college. As tuition prices continue to rise, and with 10% of graduates leaving with over $40,000 in debt, many face the decision as to whether they can face the financial burdens of attending college.  Read More...

Dec 17, 2014 The federal student financial aid landscape is changing for 2014. From next year on students who have cohabiting and unmarried parents will need to include the incomes of both parents on the forms. This includes all cohabiting parents, even those in same sex relationships. This is the first time that these aid forms will collect the income information and other data from the legal parents of a student regardless of their marital status and gender, if they are living together. Read More...

Dec 30, 2014 The decision to go to graduate school is not an easy one, especially if you have been out of school for some time. While there are numerous decisions to make, such as what to study and what schools best fit your needs, the financial burden of a graduate degree such as an MBA, has been estimated to add up to $200,000 according to Forbes. Given the fact that graduate school is a big financial commitment, once you have made the decision to attend, it is important to set yourself up financially for success. Otherwise your financial failures could spill over to your academics. Read More...

Dec 17, 2014 If you're a part of the graduating class of 2013 you can consider yourself among the luckiest batch of recent college grads. Why? The job market for new graduates is considerably brighter than it has been in the past few years. A National Association of Colleges and Employers’ (NACE) survey demonstrates businesses plan to add between two and 13 percent additional college graduates in 2013 compared to 2012. NACE also reports salary expectations for 2013 grads should see an increase over five percent from previous years. Read More...

Dec 16, 2014   Congratulations, you made it through the ringer of college. All those sleepless nights you spent cramming, hungover mornings and hazy afternoons paid off and you can now hang your fancy bit of paper on the wall of your cubicle. However,  in the current post graduate job market this is becoming increasingly difficult.  But you don't have to take the journey alone. SmartAsset has put together a  list of job hunting tips that will turn you into a ice-cold job hunter faster than you can say "student loan debt." Read More...

Jan 13, 2016 Here are two words that strike terror in the hearts of any parents struggling to pay college tuition bills: Drama major! With student debt loads exceeding $1 trillion and youth unemployment levels off the charts, parents and students are asking themselves whether the return from a college degree is really worth the investment? Read More...

Jul 09, 2018 There’s an ongoing debating about the actual value of higher education. Countless articles and studies depict the declining return on investment for students and families. Simply put college graduates are not generating enough income to justify their expensive degrees. In the same way, some universities are also struggling to manage their finances. To highlight the universities having some of the biggest issues, we took a look at those with the lowest credit ratings... and we were pretty surprised by who we found. Read More...

Dec 15, 2014 Subsidized student-loan interest rates may be set to double on July 1st. Which is pretty concerning for both college students and college graduates. Presently, federally subsidized loan interest rates are at a modest 3.4%, which encourages many students to avoid private loans until their Stafford loans run out. Driving the interest rate up to 6.8% may discourage high school students, especially those from low-income families, to reconsider pursuing a higher education. Read More...

Jul 17, 2019 Student loans. No two words can cause so much dread and anger. However, for many students, it is one of the only viable options to fund a higher education. If there is one thing students really don't need hanging over their heads, it's the thought of how they are going to pay off their loans. Thankfully, there are steps to help make facing these loans easier. Read More...

Dec 15, 2014 Across the U.S., unemployment is high and salaries are low. Job placement depends on several factors, not in the least being education level. Attaining an undergraduate- or graduate-level degree costs a lot of money, yet not everybody can afford the costs. For those who have some sort of wealth stowed in retirement fund(s), SmartAsset addresses the important question: Should you tap into your retirement fund to finance education? Read More...

Mar 14, 2018 While college costs continue to increase, students are becoming more creative on how to cut the costs associated with higher education.  The most common financial troubles college students fall into are usually due to a lack of oversight. Making a realistic budget can keep your spending in check, as seeing a bill for a $300 weekend and how it will impact you at the end of the semester can be a sobering realization. Read More...

Mar 14, 2018 Is your student loan an overwhelming burden? You’re not alone. 75% of people in a Cambridge Consumer Credit survey said their student loans were keeping them from big goals, like buying a house or a car. Just because you took out money to pay for your education, though, doesn’t mean you have to postpone your future.  Read More...

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