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College Savings

Can Financial Aid Determine Your Fate?

Marcos Cordero | Posted 06.04.2014 | College
Marcos Cordero

The financial aid conundrum is certainly a societal problem. While it will require more creative solutions on the part of schools, government and the private sector, some of the responsibility must be borne by the parents and students.

Give the Gift of College Future

Jodi Okun | Posted 03.05.2014 | Money
Jodi Okun

Parents and grandparents might need to work together to develop a strategy so that their student will be able to receive the gift of a college education. A 529 plan is just one piece of the puzzle when it comes to paying for college these days.

Students Get Your Debt for Free! Read All About It!

Bob Hildreth | Posted 02.19.2014 | College
Bob Hildreth

It is a legitimate question to ask if student debt may soon disappear as a result of default and forgiveness. Ultimately, taxpayers may want to support students with upfront grants rather than to suffer losses from forgiveness.

Is Holiday Gift-Giving Collective Insanity?

Marcos Cordero | Posted 02.11.2014 | Money
Marcos Cordero

You know that saying about the definition of insanity? Doing the same thing over and over again and expecting different results? Are we willfully engaging in collective insanity every holiday season?

529 Plans: The Tax-Advantaged Savings Account that Can Curb College Debt

Tim Chen | Posted 02.11.2014 | Money
Tim Chen

Americans are getting serious about saving for college. A record total of over $205 billion has been invested in 529 higher education savings plans as of June 2013, according to the non-profit College Savings Plan Network.

This Woman Graduated College With Zero Debt And Thousands Of Dollars To Spare

Posted 11.27.2013 | Education

Briana McGeough graduated from Brown University in 2012 without a penny of student debt to her name. In fact, she left college with $16,000 to spare a...

College Board Challenges the Pell

Bob Hildreth | Posted 01.25.2014 | College
Bob Hildreth

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.

Grandparents' 529 College Distributions Can Be a Ticking Time Bomb

Chris Wang | Posted 01.25.2014 | Money
Chris Wang

Are you a grandparent thinking of helping out a grandchild fund their college expenses? Be aware of 529 plan structures to ensure that your gift doesn't turn into a bomb that destroys your grandchild's financial aid.

Lessons From UNICEF on Halloween: How Small Donations Can Support Big College Dreams

Andrea Levere | Posted 01.23.2014 | Impact
Andrea Levere

New research shows that low-income students with just $500 or less in college savings are three times more likely to enroll in college and four times more likely to graduate than those without a savings account. That's where we can help.

Rising College Tuition: Another Shoe Has Dropped

Bob Hildreth | Posted 11.10.2013 | College
Bob Hildreth

Obama administration's decision to crack down on college tuition hikes has been long in the making. Our deeply flawed student aid model has pushed tuitions so high that the bubble is about to burst.

Are Parents Flunking College Financial Planning?

Jodi Okun | Posted 10.30.2013 | Parents
Jodi Okun

Don't flunk out when it comes to saving for college. Learn about the true costs and honestly assess your financial situation.

Is It Still Possible For Savings To Pay For College?

Reuters | Kathleen Kingsbury | Posted 10.21.2013 | College

(The author is a Reuters contributor. The opinions expressed are her own.) By Kathleen Kingsbury Aug 21 (REUTERS) - Americans are saving for col...

Thinking of Tapping That 401(k) for a Loan to Pay Tuition? Think Twice!

Catherine Golladay | Posted 07.21.2013 | Fifty
Catherine Golladay

While borrowing from your 401(k) may seem like a quick cash fix, it's almost never a good idea. Here's why.

College Savings Reach All-Time High

The Huffington Post | Caroline Fairchild | Posted 03.26.2013 | Business

At the same time student debt has reached record levels across the country, families are saving more than ever in anticipation of their children’s c...

What We Can Learn from Chicago's High School Students' Perspectives on Money

Charisse Amanda (Conanan) Johnson | Posted 05.04.2013 | Impact
Charisse Amanda (Conanan) Johnson

I have no doubt that these smart, talented, and college-bound students will continue to acquire the practical skills necessary to make good life decisions. I am confident that each of our own unique experiences can allow us to do the same.

The Case For NOT Saving For College

Jeff Bogle | Posted 04.14.2013 | College
Jeff Bogle

Let me make the case that you shouldn't save one penny for your kid's college tuition. Don't even open a 529 college savings account. Unless you've got $10,000 or some eye-popping figure to toss into that bucket every year (if you do, you can probably also do what I'm about to say), Don't. Even. Bother.

Pay as You Go

Dr. Roger H. Hull | Posted 03.24.2013 | Education
Dr. Roger H. Hull

In this day and age, those entrusted with running colleges and universities would be well served by fiscal conservatism. However, my fiscal conservatism was not the limiting principle that most would expect.

The Actual Value of a Diploma

Marcos Cordero | Posted 03.11.2013 | College
Marcos Cordero

The best thing we can do as a community is to encourage our loved ones to start savings as early as possible in order to make the most of savings and to make college education a reality, not a dream.

Should You Even Try to Save for College?

Dr. Bonnie Snyder | Posted 02.19.2013 | College
Dr. Bonnie Snyder

If you haven't accomplished the earlier savings priorities, such as setting aside a rainy day fund or funding your retirement account, then stop beating yourself up over your lack of college savings. You're not there, yet.

8 Smart Uses for a Year-End Bonus

Richard Barrington | Posted 12.19.2012 | Money
Richard Barrington

If you just received a year-end bonus, congratulations. With money tight and the economy uncertain, those extra dollars can be hard to come by. Now, how do you use that hard-earned bonus wisely? Here are eight suggestions.

College Student Loan Debt Crisis and Its Effect on the Economy

Marcos Cordero | Posted 01.14.2013 | College
Marcos Cordero

Debt. We all have it. And we all dream of a day when interest rates and fees are far from us. But what if your debt was so high and so overwhelming that there was no end in sight? Well, unfortunately, that is exactly where student loan debt is heading.

Untangling the Web of Retirement and College Savings

Jacob Gold | Posted 10.08.2012 | Money
Jacob Gold

The reality is that a college degree is table stakes in the job market today, and figuring out how to foot this bill has become one of the greatest financial challenges facing parents.

Americans More Likely To Save For Cars, Vacations Than College Tuition

The Huffington Post | Alexander Eichler | Posted 07.29.2012 | Business

Remember when Whitney Houston sang, "I believe the children are our future"? Nope. More Americans are saving today for a big-ticket purchase in th...

Borrowing for College -- The Ultimate Parent Trap

Pamela Yellen | Posted 08.26.2012 | College
Pamela Yellen

Is it students pinching pennies and eating more ramen, moving home after college and postponing marriage? Or should parents keep shortchanging their own retirement to give their kids a leg up? Neither.

Five Ways To Manage College And Retirement Savings

AP | DAVE CARPENTER | Posted 05.07.2012 | Money

CHICAGO -- Imagine if retirement were financed by scholarships, grants and loans. You could qualify for a substantial aid package to pay for your sen...