My Comments: At least once every week, I try to have a post that deals with the cost of a college education. My comments are usually directed to the parents of high school age children. Too often, there is never a conversation in the family that explores the financial consequences associated with a college education …
Category: College Money Now!
Access to free money for college
Rich People Pay This Woman $42,000 To Get Their Kids Into College
My Comments: This headline got my attention. Here I am, down in Gainesville, Florida, trying to get parents to turn $100 into $2,000 to help pay for their students college education. This woman is charging $42,000 to help similar students gain admission to the same schools and appears to have no trouble getting 25 families …
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Educating College Students About Debt
My Comments: I’m doing my best to stress that going into debt to pay for a college education is a last resort. When you realize there are millions of dollars available in the form of endowment scholarships from virtually every school, then it becomes a question of knowing how to access that money. The answer …
Students Pay Rates as High as Credit Cards on Student Loans
My Comments: Last week on Tuesday my blog reflected the comments of a financial advisor recommended by the editor of InvestmentNews. This person, identified as Betty, suggested Stafford loans as a legitimate source of money to pay for college. Her point was that anything was better than invading your pre-tax retirement funds. My comment was …
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Advice About College Planning
My Comments: I’ve long stressed that the best way for a parent to pay for the college eduction of their children is to use someone else’s money. Especially if it doesn’t have to be paid back. Virtually all commentary on this subject that is found in the journals and magazines sent to financial advisors like …
Romney, College Education, and Economic Growth
My Comments: Yes, I’ve been a partisan Democrat all my adult life. I’ve not always voted along party lines, but I’m clearly not among the 1%, so I think I have a better understanding of what the rest of us face on a daily basis about paying bills, saving for the future, dealing with health …
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CollegeMoneyNow Award Letter for May 16, 2012 – Seton Hall
My Comment: Here is award letter #9. I know you have heard of Seton Hall. This is for someone who enrolled as a freshman in 2011. $100,000 is a lot of money that doesn’t have to be paid back. Click on the image to the right to access the overview I created for CollegeMoneyNow.
A Strategy for Affording College
Educational costs are mounting. Here’s an action agenda that can help clients cope. My Comments: Increasingly, the journals and magazines addressed to financial planners like myself include articles about paying for college. This one has a great title, and a quick read gives me these action items: Get and early start Set up a 529 …
CollegeMoneyNow Award Letter for May 1, 2012 – Tulane University
My Comment: Here is award letter #8. Tulane University is well known to all of us. This is for someone enrolling as a freshman in 2012. $108,000 is a lot of money that doesn’t have to be paid back. Click on the image to the right to access the overview I created for CollegeMoneyNow.
CollegeMoneyNow Award Letter of the Week – April 24, 2012
My Comment: Here is award letter #7. The University of Alabama is well known to all of us. This is for someone enrolling as a freshman in 2010. That’s a lot of money that doesn’t have to be paid back. Click on the image to the right to access the overview I created for CollegeMoneyNow.
Helping Define Your Financial Future 