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The new Simplified FAFSA is here! Here’s a quick video with some tips that will help you get through it with a minimum of chaos and maximum of financial aid. 🔗
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Who is on the hook for student loans?
An overview of the three primary types of student loans including insights into which loans don’t require a co-signer.
Student Loans: The Good, The Bad and The Ugly
It’s hard to hear the phrase “student debt” without “crisis” appended. But like most types of debt, there is “good” student debt and “bad” student debt. To understand the difference, it’s helpful to look at the economics of a college degree. A college education confers many benefits, but when evaluating debt the economic ones are key.
Loan Payments in Grace Period
Loan payment strategies to help you reduce your long-term loan balance.
Co-Signing Student Loans
If you’re among the 2/3 of families that will borrow to pay for college, you may be looking at private student loans as one of your options. Unlike federal direct student loans, private student loans typically require a co-signer. It’s vital that parents and others asked to co-sign understand what they are actually doing when co-signing a student loan.
Student Loans and Mortgages
There’s been a great deal of press in recent years about the impact student loans have on the larger economy, especially home purchasing.
Trends in Education Borrowing
The Federal Reserve Board of Governor’s Report on the Economic Well-Being of US Households has a wealth of data on student loans, including a breakdown of borrowing by age range, forms of debt, and payment status by school type. Some interesting points:
Student Loans by School
If you’ve been reading this for a while, you probably know I’m a huge fan of College Navigator as an information source. It’s run by the National Center for Education Statistics and has some information that any prospective student should be aware of.
Rising Interest Rates and Student Loans
On Wednesday the Fed raised short-term interest rates by 0.25%, with additional rate hikes expected over the course of the year. What does this mean for student loans? Several things.
A client’s former advisor told her that she should save $800,000 per child for college. None of my initial reactions to that were appropriate for a client meeting, but how much should you save for college is an important question for a lot of families so let’s dig into that.