College & Education
12 articles
If you’re one of the millions of Americans who’ve graduated with student loan debt, you’ve likely got more than one student loan. That could mean making multiple monthly payments with multiple due dates to multiple student loan servicers or lenders. Thus, it could be easy to lose track of payments or have trouble managing your
Federal student loan consolidation can help you manage multiple monthly payments to multiple servicers. If like the vast majority of college graduates, you acquired student loan debt through federal student aid, you likely have more than one loan, which means more than one bill. Trying to juggle them all can quickly get confusing and even
Student loan debt reached an all-time high of $1.57 trillion in 2020, according to Experian. The average graduating student had $38,792 in student loan debt. That much unsecured debt leaves many young adults struggling to save for other financial goals such as buying a starter home, saving for retirement, and seeing more of the world
To say that college costs have skyrocketed is an understatement. After adjusting for inflation, CNBC notes that average tuition for private colleges rose from $15,160 in 1988 to $34,740 in 2018. Both of those figures are in today’s dollars, marking a 129% increase. For public universities, average tuition rose from $3,190 to $9,970 over the
According to a report from the Bureau of Labor Statistics, approximately two-thirds of high school graduates enroll in college the fall following graduation. While most experts agree that a college education affects annual earnings by at least $20,000 (an estimated $1 million over the course of a working career), a 2011 Pew Research poll reported
If you have children at home who hope to go to college someday (or someday soon), it’s important to plan ahead financially. College tuition is increasing every year and financial aid is never as generous as one could hope. You might already be familiar with 529 college savings plans, but you can also take advantage
In the 30 years from the 1989-1990 school year to the 2019-2020 school year, college tuition and fees tripled at public universities, according to CollegeBoard.org. And that’s after adjusting for inflation. Public universities charged an average of $10,116 for the 2019-2020 school year for in-state students, per U.S. News & World Report. Out-of-state students paid
For many parents these days, saving for their child’s college education seems like a necessity. Financial aid and scholarships rarely cover 100% of the cost of higher education, and with the price of a college education rising along with awareness of the burden of student loans, some parents consider saving for their child’s college a part
The cost of a college education in the United States continues to rise, and the student loan debt burden has a lot of prospective students worried about their financial futures. Parents can help ease the burden by saving for college costs early, and a 529 college savings plan rewards them for it with tax deductions and potential
Planning for college education expenses early — as in from birth — lets parents spread out the cost and contribute to a child’s higher education without the huge burden posed by an annual tuition bill or years of debt from federal student aid. Sending a student to college comes with major expenses, and not all parents
A Ph.D. isn’t worth the cost of graduate school for everyone. Thus, it’s necessary to weigh your future salary and career prospects against your potential debt and lost earnings to decide whether getting a doctorate is worth the cost. Is it right for you?
For parents who want the best possible education for their children, the choice between private school and public school is a tricky one. Both have their costs, but which is actually higher? And when you compare the benefits of private and public schools, are they enough to justify the costs?