My Comments: I'm very involved with a foundation out of Tucson, AZ that has the ability to help parents find endowment money to pay for college. A typical result when you engage with the foundation is $60,000, spread over four years, that does not have to be paid back. In spite of this record, many …
Continue reading Seeking Creative Ways to Pay High College Costs
My Comments: The most compelling argument in favor of a college education is that it leads to economic advantages. In simple terms, more money. Yes, there are probably other reasons to be properly educated, among them those who are committed at an early age to follow a path of service to humanity. But for most …
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 …
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 …
Continue reading Rich People Pay This Woman $42,000 To Get Their Kids Into College
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 …
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 …
Continue reading Students Pay Rates as High as Credit Cards on Student Loans
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 …
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.
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 …
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.
Helping Define Your Financial Future 