With graduation season winding down, now may be a good time to refocus attention towards those who are earlier in the process, the ones saving for the ever-increasing cost of higher education.
Read MoreMembers of the college class of 2022 may not consider themselves lucky. After all, COVID-19 robbed many of them of the complete college experience. Perhaps their reward is to graduate in one the hottest job markets in decades.
Read MoreImpeachment! Brexit! Trade Talks! There’s a lot to take in, and no, you shouldn’t try to game out how any of these events will impact your investments, because these is no precedent for the conditions that exist. Instead of going back in time to recreate what could happen, your time would be better spent focusing on an area that is within your control: the college financing process.
Read MoreWhen I talk about funding college, I proffer the usual advice: Build your family’s financial foundation (pay down debt, establish an emergency reserve fund, and maximize retirement plan contributions) BEFORE trying to tackle college funding; talk to your kid as early as freshman year in high school about what the family can afford; and don’t shortchange your own or your child’s financial future by amassing mounds of debt.
Read MoreIt’s time to focus on the graduates, who need to take control of their financial lives. If you are a parent, grandparent or friend, you can help in the process by highlighting these financial goals.
Read MoreThe amount of outstanding student loans has more than doubled over the past decade. Part of that explosion has to do with tuition, fees and costs growing faster than the rate of inflation. But it’s clear that another factor is that many families had no way of discerning exactly what they were signing up for in the first place.
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