College & Education
12 articles
College keeps getting more expensive. According to the College Board, in 2016-17, the average cost of a year at a public four-year college – including tuition, fees, room, and board – was $20,090 for in-state students and $35,370 for out-of-state students. At private, nonprofit colleges, the average cost was a whopping $45,370 per year. At
According to a report from the Bureau of Labor Statistics, approximately two-thirds of high school graduates enroll in college the fall following graduation. While most experts agree that a college education affects annual earnings by at least $20,000 (an estimated $1 million over the course of a working career), a 2011 Pew Research poll reported
If you have children at home who hope to go to college someday (or someday soon), it’s important to plan ahead financially. College tuition is increasing every year and financial aid is never as generous as one could hope. You might already be familiar with 529 college savings plans, but you can also take advantage
With the cost of college continually on the rise, few students can cover tuition and expenses without taking out student loans. According to the Urban Institute, 70% of those with a bachelor’s degree have student debt. And though only 15% of all students go on to graduate school, 40% of the country’s total yearly student
If you already have a private student loan, there are even more ways to reduce your rate, though some may take time. For example, improving your credit score may take several years. But you can also opt to apply with a creditworthy co-signer, choose a shorter repayment term, take advantage of loyalty programs, and negotiate
The world of investing is a scary place for students with less than $1,000 to their name. Most don’t know where to begin, and the idea of risking hard-earned money that took all summer to save can cause the sweats. If you’re a student or recent graduate who wants to start investing, but you’re low
In the 30 years from the 1989-1990 school year to the 2019-2020 school year, college tuition and fees tripled at public universities, according to CollegeBoard.org. And that’s after adjusting for inflation. Public universities charged an average of $10,116 for the 2019-2020 school year for in-state students, per U.S. News & World Report. Out-of-state students paid
For many parents these days, saving for their child’s college education seems like a necessity. Financial aid and scholarships rarely cover 100% of the cost of higher education, and with the price of a college education rising along with awareness of the burden of student loans, some parents consider saving for their child’s college a part
The cost of a college education in the United States continues to rise, and the student loan debt burden has a lot of prospective students worried about their financial futures. Parents can help ease the burden by saving for college costs early, and a 529 college savings plan rewards them for it with tax deductions and potential
Planning for college education expenses early — as in from birth — lets parents spread out the cost and contribute to a child’s higher education without the huge burden posed by an annual tuition bill or years of debt from federal student aid. Sending a student to college comes with major expenses, and not all parents
Studies continue to show that getting a college degree is a smart financial move. For example, a 2019 College Board report found that for full-time workers, having a bachelor’s degree increased median earnings by 56% compared to having only a high school degree. And for adults ages 25 to 64, it cut the chances of
Student loan debt is growing six times faster than the United States economy, according to EducationData.org. For parents who want to help with their kid’s college tuition, that’s a worrying thought. But as with retirement savings, the government offers a few tax-advantaged accounts to help you save and invest money for higher education, including the