Whether you are college bound, or the parent of a college bound student, you are not alone in asking "how will we pay for college?". As college costs continue to rise, many need to plan or find creative solutions. Here is some recent data to help you understand "how are Americans paying for college?"
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What is Compound Interest?
Compound interest is interest earned on interest. Sound like a tongue twister? Compound interest is actually pretty simple, but it could have a powerful impact on your finances. Let's see why you should care about compounding interest as a college student!
First, you...
Young adults and even older teenagers may be asked to make life changing financial decisions, yet often lack the basic financial literacy to do so wisely. How could you chose how much to borrow for college when you don't even have a job or know how to balance a checkbook?
In 2017, the National...
Pros and Cons of Paying Off Student Loans Early
Student loan debt is the elephant in the room for many new graduates, a constant overshadowing pressure. While your student loans were invaluable to get you through school, now that you're done with your training, they must be reckoned with. These...
Many students will earn an income or obtain monetary gifts during college. You may work part time or full time. Parents, relatives and friends could provide you with cash from birthday gifts, Christmas, or just because they love you. Opening a savings account could allow to save your money...
When getting ready for college, you may think about how to pay for tuition and books needed for classes. Yet another big factor on your mind is where you will live. You may not already live near your college campus. So you should consider on how to pay for on campus and off campus costs. Learn...
Many people may be talking about what college they may go to in the fall. Yet others could be considering whether a trade school will offer the right career training. If a trade school route is in consideration for you, there may be ways to find available financing if you qualify. Learn more...
With recent pandemic fears, many college students are wondering whether it is the perfect time to attend college. These students are unsure about present and future job prospects along with rising student debt. Also, you may not presently have a job. So you are unsure if you may be eligible for...
Student loan refinance is on a lot of people's minds as of late. Your existing loan amounts, or interest rates may not be appealing right now. You may also have growing job worries with the pandemic impacting the economy. Let's investigate why you should consider refinancing your student loans....
Whether you are college bound, or the parent of one, you are not alone in asking "how will we pay for college?". As college costs continue to rise, many need to plan and creative ways to save. Here is some recent data to help you understand just "how are Americans paying for college?"
How...
How Much Does a College Education Cost?
The number one question that students and families ask about attending college is how much does college cost? The cost of attendance or COA is like the sticker price for college. Every year the cost of attendance goes up but merit and need based...
The FAFSA is the Free Application for Federal Student Aid. It is the form you need to fill out to get financial aid from the US Department of Education. Every year, over 13 million students who file the FAFSA get more that $120 billion in aid. So, if you want to get a Pell Grant, work study or low...
By understanding college costs, you can compare schools to find ones you can afford. And ones that are too expensive even if you secure financial aid. The cost of attending (COA) college varies from one to the next. Each school sets its own tuition for example, and fees. Some colleges also offer...
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