College Funding
« Previous Entries Next Entries »Question of the Day – Would You Borrow from Your 401(k) to Pay for Your Kid’s College?
Wednesday, September 15th, 2010Here is today’s Question of the Day: Would you borrow from your 401(k) to pay for your kid’s college education? I would ONLY do this if I had a lot of money in my 401(k). But, it would have to be A LOT OF MONEY! Seriously, I think this is a bad idea. Parents who [...]
Graduating From College WITHOUT Debt! (It Can Be Done!)
Friday, August 27th, 2010Donna Freedman has written a great piece over on MSN Money titled Finish College with Zero Debt, in which she profiled three students that will graduate from college with zero debt. That’s pretty amazing this day and age. It should also be inspiration for those who have college in their future. The main points from [...]
A Brief Look at Obama’s Student Loan Overhaul
Monday, August 9th, 2010I’m watching The Willis Report. She opened tonight’s show by talking about student loans (Part 1 and Part 2). She displayed a graphic with a few of Obama’s ideas for overhauling student loans: • Cap loan payments at 10% of adjusted income. • Forgive remaining balances after 20 years of repayment. • Provide $2.6 billion [...]
Identifying a College’s Financial Fingerprint
Monday, July 5th, 2010This is a guest post by Lynn O’Shaughnessy. See bottom of post for more information. Colleges costs are skyrocketing. At least that’s what everybody assumes, but it’s not true. College sticker prices are soaring, but what matters are the actual costs that parents must pay. And this is the good news: net prices — after [...]
A Student Loan From Hell…
Monday, February 15th, 2010From this weekend’s WSJ comes this unbelievable tale of student loan stupidity: When Michelle Bisutti, a 41-year-old family practitioner in Columbus, Ohio, finished medical school in 2003, her student-loan debt amounted to roughly $250,000. Since then, it has ballooned to $555,000. It is the result of her deferring loan payments while she completed her residency, [...]
Are Student Loans Fanning the Flames of Increasing College Costs?
Thursday, September 3rd, 2009I found this quote in an article in today’s WSJ about the surge in student loan borrowing to be interesting and troubling: …the rising levels of borrowing may ironically be contributing to the accelerating cost of college, say some college-finance experts. Loans can give colleges an artificial sense of a family’s ability to pay tuition. [...]
Question of the Day – Forgiving Student Loans
Wednesday, August 26th, 2009Stacey sent me a link to this piece on forgiving student loans. It’s short, so read it and tell me what you think. The main question is: Should we forgive student loans as a way to stimulate the economy? I say NO. Actually I say HELL NO! Lots of college students bought cars too. Should [...]
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