A child born today that goes to college will pay over $200,000 in tuition and fees for the privilege. While most students will not pay “sticker price” due to scholarships and grants, you are still talking about a ton of cash. To generate $200,000 in 18 years of investment, you would need to save $4,370 every … Read moreShould You Pay for Your Kid’s College Living Expenses?
College may do a lot to prepare you for your first job and a life-long career but often it fails to reinforce the personal finance basics every grad needs to know to survive the real world and have a promising future. Personal finance basics are often left up to the graduates parents to tackle. While it … Read more6 Money Lessons Every College Grad Needs To Know
The following is a video post from Jeff Rose, CFP at Good Financial Cents. The video gives a comprehensive overview of 529 College Savings Plan and how it works. Topics covered include: what is a 529 plan, who can contribute to the plan, who has control over the plan, different types of 529 plan, what … Read moreWhat is a 529 College Savings Plan and How Does It Work [VIDEO]
The last few generations of Americans have been indoctrinated with the idea that a college degree is an absolute must-have in today’s economy. While this is largely true, the answer to “To have a college degree or not to have a college degree, that is the question”, is not so black-and-white as it may first … Read moreThe Pros and Cons of a College Degree
One of the biggest decisions that college freshmen need to make is whether or not to live at home while attending college. If your university is far away from your home town, the decision is a pretty easy one, since you don’t have much choice. However, if you are attending school within an hour of … Read moreShould You Live at Home While Attending College?
If you have kids, you probably know that only health care cost increases can compete with the inflation seen by education costs. This means that you are probably going to need to do what you can to help your child get the college financial aid that he or she needs. Even if you have been … Read moreHow to Find College Financial Aid
Some parents worry about the double edged sword of teens and work. On the one hand, there is some research that suggests teens who work might get lower grades. On the other hand, a teenager who works will probably learn some important life skills. Should your teen work? What is more important – grades or … Read more5 Reasons Why Teens Should Work (Even if it Results in Lower Grades)
Textbooks are necessary for your educational success, but they are lousy purchases. They cost a lot to buy, lose value quickly, and worth little when you sell them. Instead of buying your textbooks from college campus store this semester, you could try renting them from online bookstores. If you still want to own them, you … Read moreRent Textbooks or Buy Them Online to Save Money
Since most colleges don’t have classes on budgeting and basic money management it’s up to students to educate themselves. This collection of 33 free student budget calculators, spreadsheets and worksheets will help students of all ages create a workable budget — plus learn some basic budgeting skills along the way! Web-Based Student Budget Calculators These … Read more26 College Budget Calculators for Students: Budget Now to Reduce Your Debt
Don’t you find it kind of funny when you hear high school students putting off learning about their finances because they think that’s what college is for? Just by talking to younger relatives and high school students in the community I have noticed that many assume they will learn how to handle their personal finances … Read moreCollege Students Should Take Responsibility for Their Financial Situation