Most families aren't able to cover the full cost of their children's college experience, which means financial aid will play at least a part of their college planning. If you're thinking about applying for financial aid for your college-aged student (or thinking ahead for a child who's got some time left to go), here are the fundamentals you need to know.
Obama speaking our language doesn't necessarily mean iMessages full of emojis, though his recent experiment with a "selfie-stick" suggests that it may not be far behind; instead we are seeing an Executive that is acting on our issues.
Kevin Carey posits that the market dominance of federal student loans combined with income-driven repayment plans has solved student debt crisis. It's an intriguing and optimistic thesis.
Education has always been central to the American Dream: the promise that if you work hard, you can achieve anything. Unfortunately, the skyrocketing cost of student loan debt means that when millions of Americans should be building their careers, starting their families, and pursuing their dreams, they are instead being held back.
Steve Mason's tragic story may be an extreme case, but he is not alone. Millions of people are legally obligated to have a portion of their wages diverted to paying down student debt. Borrowers and their parents seemingly have nowhere to turn.
Now is the time of the year that most college and university boards of trustees meet to set in place what the comprehensive fee -- tuition, fees, room and board -- will be for next year. It's a telling moment for higher education.
Much attention has rightly been paid to reforming student loans, such as making sure borrowers can refinance high-interest loans and expanding income-based payment options. These programs, though they would help millions of struggling borrowers, aren't a tourniquet, but only a bandage on a $1.2 trillion student debt crisis.
Recently, I had a big realization: In 27 years of teaching and parenting, I've never actually met a student who's received more than $3,000 of assistance from writing a bunch of time-sucking essays. So, I set out on a mission: Find the most effective strategy for an 11th-grader to rack up serious merit-based scholarship dollars.
If there was ever a reason to defrock politicians, it is for their inherent inability to remove the needless barrier of debt that impedes the best and the brightest, the most ambitious and creative among the lesser financially endowed.
College-related debt is increasing and millenials are facing difficult choices about their finances and their futures. The good news is that millenials also have more options than ever before; the job market is ever changing, technology is improving by the minute, and information is right at our fingertips.
Remember that signing up for these plans does not mean you have to stick with them forever; you can always reevaluate in a few years when your financial situation may have changed.
Mr. President, just like health care, access to high-quality universities without student loans should be a right for all Americans. We are the nation's competitive advantage; shouldn't the government be investing in us, rather than the less than efficient F35 jet? Please start investing in this nation's students.
As long as higher education remains difficult to afford for low- and moderate-income families, we are falling short as a society of providing the full social, economic and individual benefits higher education can deliver.
Creating an enjoyable career has much more to do with looking inward than it does with chasing high income levels. Understanding your child's personality, strengths and interests will help you influence their post-high school choices.
Currently, we have only a few of the specifics, and this week I will write about: what I do know about the proposal; the need for more particulars; arguments in favor of, and in opposition to, the proposal; and an alternative proposal.
As students look forward to attending school and experiencing all that college has to offer, they may not be thinking about how to properly manage their money. Making smart financial choices while in school will not only ease the burden of college debt, but also set them up for financial success beyond graduation.