The Consumer Financial Protection Bureau estimated, in 2013, that outstanding student loans have swelled to over $1.2 trillion. Seven in ten college seniors who graduated in 2012 had student loan debt, at an average of $29,400. Scary! It is extremely important for kids to have a good handle on personal finance before they enter college. Personal [...]
Archive for the ‘Education’ Category
I recently signed what I’ve been assured will be my last tuition check.
My younger son, who is finishing up grad school, looked at me with a mixture of bemusement and annoyance when I referred to it as “my day of jubilee,” but who wouldn’t celebrate having such a big expense removed from their annual budget?
I have a brother who is a history teacher, and a son who is on his way to becoming one. For me, history was one of my least favorite subjects in school, but now it represents a major portion of my reading. Studying financial history early in my career may have been the turning point.
When I [...]
First time for everything, isn’t there? This past Labor Day weekend clay pigeon shooting showed up on my “first time” radar, courtesy of a great friend who figured that killing bright orange pieces of clay couldn’t be beat for a long weekend of fun.
There are two ways to do this: you [...]
This article is by staff writer Jeffrey Steele.
It’s not often that I find myself in a cocoon of warm and fuzzy feelings about how good I’ve had it in life. But when I consider the economic travails endured by the current generation of college students, I can’t help feeling I’ve lived a pretty charmed existence.
This article, written by Alexa Pugh, comes to us from our partners at LearnVest.
Instead of asking your family for another sweater for your birthday, how about a low-interest student loan?
Family loan pools—trust funds from which relatives going to school can draw low-interest loans—have become an increasingly popular way for people to help their kin ease [...]
This post is from staff writer Richard Barrington.
I recently did an analysis for CardRatings.com of some polling data on when parents thought was the right time to let their kids use a credit card. In thinking about this, it occurred to me that it’s a bit like asking when it’s OK to let a kid use a chainsaw [...]
This post is from staff writer Jeffrey Steele.
A few weeks back, by sheer coincidence, I happened to meet a young woman currently enrolled in the same journalism school master’s degree program from which I graduated more than a third of a century ago.
We got to talking about all the opportunities she and her classmates enjoyed. [...]
I’ve written at various times in the past about 529 plans as a college savings vehicle. Well, earlier this month Morningstar released the results of their annual survey of the available plans.
They rated 64 plans, ultimately identifying 27 “that are likely to outperform their peers on a risk-adjusted basis over a full market cycle.” Alongside [...]
This is just a quick followup to my post from a couple of months ago in which described the process of requesting a check from Upromise. In it, I noted that they send checks quarterly, on March 16th, June 15th, September 14th, and December 14th.
Over this past weekend, an envelope from Upromise showed up in [...]
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