When I read the latest study in “How America Pays for College”, I knew I had to share my thoughts. As the mother of a high school freshmen, I’m keenly interested in college funding, how to pay for it, and how much it really costs. Come see my reflections on the current state of paying for college in America.
“Your kids can get loans for college, but you can’t get loans for retirement”. This is not always true. When you’re evaluating your college saving and spending strategy, you need to keep in mind that if you earn a high income your children might not be eligible for loans. Read all about when this makes sense, and when it doesn’t.
It’s Memorial Day, for all my US readers (if you’re not in the US, find out more about the day here). But it’s also May 29th, and that means it’s 529 day! 5/29 – get it! Great pun, 529 companies. Today I have a great post lined up specifically for 529 day, and I’ll also […]
A few weeks ago, after I wrote about my struggle overcoming some of my graduate school debt, my friend Grounded Engineer suggested I talk more about how I got my undergraduate degree completely debt free. I’ve also talked a bit about my story in my guest post on the Notorious D.E.B.T. and my prior article […]
A college compact can help you to set priorities and goals for college saving and spending. It’s an agreement you make with yourself and your kids on what you will-and won’t-do when it comes to college. Laying this out ahead of time is a great way to make sure everyone’s on the same page, expectations are set correctly, and you both are clear on what the families priorities are.
Whenever a birthday or holiday comes up, it’s a great opportunity to ask for the gift of college funding as a present. If you do that consistently over many years, you’ll find that over time your kids will develop a significant amount of funds to go towards college. In this article I break down the different college gifting options by state.