Saturday, October 18, 2014
It's also important to remember that those who resorted to crowdsourcing still had a substantial level of financial stability. In fact, one of Stone's success stories from Vanderbilt University benefited from the university's financial program (although only for the first year). Even as she turned to crowdsourcing, she still received some support from her father. Saving Still Works Financing experts say tested college funding solutions like saving early remain the most effective. Relying on something as apparently volatile as crowdsourcing, where too many variables are at play, would not be a wise move.
Thursday, October 16, 2014
There is one good reason behind it all: college is much pricier today in relation to people’s income—130% more over the last two decades, to be exact. Such figures basically mean that students from 20 years ago literally had it much easier than the students of today. In this age, it isn’t only tuition that’s breaking the bank for most families—expenses such as the length of the degree, the cost of room and board, and untoward incidences all add up to the bill. Still, there’s room for hope—scholarships, grants, and professional college funding services from people such as John McDonough of the Studemont Group College Funding Solutions LLC, offer numerous ways to pay for a decent college education.
Tuesday, October 14, 2014
Did you know that raising a child till the age of 18 will cost you roughly $245,000? Of course, by the time they reach that age, they’ll be graduating from high school, so you’ll be facing yet another major expense: college tuition fees. According to estimates, the average cost of sending a child to an in-state public college is about $22,826 for the 2013-2014 academic year alone. If you want to send your kid to a private school, bump up that figure to around $44,750. That’s a lot of money for college tuition fees.
Sunday, October 12, 2014
So even if Junior is just about to start school, you’d be wise to start college financial planning now. As John McDonough of Studemont Group College Funding Solutions, LLC says, though, you’ll want to avoid these crucial mistakes: Borrowing from Your Retirement Fund A lot of parents think that they can simply “borrow” money from their 401k plan to fund their child’s college education. Chances are, though, your kid will enter college during your 40s or 50s, leaving you precious little time to pay off that borrowed sum. Remember: it’s always easier to secure a student loan than a retirement loan, so don’t touch your nest egg if you want to retire on time.
Friday, October 10, 2014
Quality education comes at a price, and if you want the best for your kid, you and your child will need a lot of cash to fund for it. While it may sound like a tall order to families with limited funds, especially if you want your kid to pursue a career in sports, there are flexible ways to budget your money to afford college education. Parents and their budding scholars should seek aid from helpful college funding advisors such as John McDonough of The Studemont Group College Funding Solutions LLC. Financial assistance is almost always a standard thing among college students due to the high costs of tuition.
Wednesday, October 8, 2014
Fortunately, there are several ways to help you save up for your child’s college tuition and minimize his or her student debt. According to experienced college financial advisors, some interesting ways to save up for your child’s college tuition include the following: Start Paying Your Debts Simply put, being in debt makes it virtually impossible to save up for the future. Eliminating debt is the first step you need to take when saving up for your child’s college fund.