Archive : Preparation

RSS feed
College Should Be as Much About the Experience as the Cost

College Should Be as Much About the Experience as the Cost

One of the biggest challenges facing young people contemplating college, which they may not even be aware of, is how they will be able to reconcile the idea of scholastic exploration—something that’s pretty much the exclusive territory of colleges and universities—with an ROI approach to the cost.
0
Old Student Loans Can Come Back to Haunt Retiring Seniors

Old Student Loans Can Come Back to Haunt Retiring Seniors

The New York Times recently reported that the number of older Americans with student loan debt has almost tripled in the past nine years from 700,000 to more than two million and, during that time, that the outstanding debt grew from $8 billion to $43 billion.
0
Baby, That’s a Lot of Money Part 2

Baby, That’s a Lot of Money Part 2

I recently posted about the U.S. Department of Agriculture’s estimate of the costs associated with raising a child born in 2013; the average was close to a quarter of a million dollars, not including college. According to an article in usatoday.com, parents may need to spend as much as $245,340 to raise a child. But what if you had invested that same amount over 18 years (at $13,630 a year), at an average annual return of 8.00%, it could grow to a little over $600,000.
0
Creating a Post-College Plan

Creating a Post-College Plan

I firmly believe that in the realm of risk and reward, there’s no better investment than a college education, even if it means taking out student loans. This is especially true if families do their homework and research the schools that will deliver the best bang for the buck. (For some background, see my recent post on Money Magazine’s college rankings.) But there’s another step I think students and their families should research when choosing a school:
0
Baby, That’s a Lot of Money!

Baby, That’s a Lot of Money!

The numbers from the U.S. Department of Agriculture are in and they pack a wallop: the average amount of money to raise a child born to a middle-income home in 2013 to age 18 is estimated at almost a quarter of a million dollars. And that’s the average, in metropolitan areas of the Northeast and West, the numbers top that quarter of a mil at $282,480 and $261,330 respectively. And these numbers do not include the cost of college.
Filed in: Preparation, Retirement
0