Without reverting to the old "Do as I say rules," there are still a few things you can teach your college freshman over the holidays.
Many have proposed improving the federal student loan program to make it simpler, more targeted, and more effective, and it no doubt could be. Nevertheless, the student loan program as it stands is a good deal for both students and the government.
Brave as it is to suggest changes in a cow so sacred as the Pell, the College Board needs to go further. To succeed, the plan must promote a strong role for families to save, learn, and take control of their own college process.
It's tough to get rich saving the world, and graduates committed to social justice have a hard time competing in earned income with their counterparts who study, say, engineering, math and computer science.
For years, the EdOp Loan has been marketed as one of the "primary sources of financial aid" and carried an 18% interest rate. As I mentioned in my previous article, the mailing address listed on EdOpLoan.com happens to be the same mailing address for American Accounts and Advisers, a debt collection agency.
Huffington Post Reader Question Dear Steve, I'm a mechanical engineer of 8yrs, went to private engineering school, had to borrow full tuition/room/b...
What I learned was that while paying off student loans early may, in some cases, reduce your credit score, the advice to "be careful about paying off early" is a little misguided.
Huffington Post Reader Question Dear Steve, I have about $19,000 in government-backed student loans at 2.25%. When I graduated, I was advised to NOT...
If I had it to do over again, I would have given myself some context for how much money $20,000 or $30,000 really was. I would have spent some time thinking through each of my options, to weigh whether this was a worthy investment or not.
Huffington Post Reader Question Dear Steve, I went to a University, earned a BS and MS in Architecture and Design. Had an extremely hard time findin...
What is the worst kind of debt to carry? Is it student loan debt, credit cards, a mortgage -- or something else? Even the experts don't always agree on which debts are "good debt" and which ones are "bad," so imagine how confusing it can be to consumers who are dealing with debt!
I'm sorry. I need to save $1,100 A MONTH to send my children to college almost 20 years from now?!? That is insanity.
Huffington Post Reader Question Dear Steve, Our daughter went to an expensive private college, she was unable to secure loans on her own and my husb...
When choosing a college, remember that tuition cost shouldn't be the only way to calculate the value of your degree -- investing in schools with better internships, contacts or special programs can help you continue to build wealth years after you graduate.
The Consumer Financial Protection Bureau's public complaints database levels the playing field for private student loan borrowers -- giving aggrieved private student borrowers true negotiating strength in a financial marketplace that is tilted toward banks.
Public service jobs are critical for our nation's future -- from teaching our kids to keeping our communities safe -- and many college grads are eager to put their new skills to work in these kinds of careers. But crushing levels of debt often make it too hard.