Student loans are one of the most significant debt burdens Americans face, and for many Americans, that debt has become unmanageable. But defaulting on student loans can have dire consequences. An income-driven repayment plan can help — and for some, even lead to loan forgiveness.
More students than ever are heading to graduate school. If you’re one of them, you may be wondering how to pay for it, especially if you already have undergraduate student loans. Fortunately, there are plenty of ways to pay for graduate school without getting you into overwhelming debt.
Student loan debt is growing six times faster than the U.S. economy. Fortunately, the government offers a tax-advantaged account called a Coverdell education savings account to help you save and invest money for higher education. Is it the right choice for your family?
If you’re heading to college, you’re likely experiencing a whole new level of sticker shock, even if your parents are helping you pay. College is expensive — really expensive. Fortunately, there are many ways to save money on back-to-school and dorm room supplies.
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.
With college costs on the rise, parents and students may be wondering how much they need to save. The amount depends on a variety of factors: the parents’ budget, school costs, and where the student wants to attend school. Learn more about savings methods like 529s and how much you should be saving.
Roughly 7 in 10 college students graduate with student loan debt averaging around $30,000. If you want to dodge that bullet, follow these education strategies before you enroll, during your college years, and after earning your college degree to reduce or avoid student loan debt entirely.
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 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.