Balancing Retirement Savings and College Planning
Orchestrating a harmonious balance between retirement savings and funding a college education can leave you feeling like a conductor without a baton. It is a delicate financial dance where a holistic approach is best. Combining retirement and college savings into a solid financial plan is challenging...
Global Money Week: Empowering Financial Futures
Global Money Week (GMW) is an annual worldwide campaign that emphasizes the importance of early financial awareness among young people. It focuses on gradually developing knowledge, skills, attitudes, and behaviors essential for making wise financial decisions, ultimately leading to financial well-being and resilience. At David Lerner...
College Finance Essentials: Your Roadmap to Financial Confidence
For many college students, the college experience is a period marked by academic growth, self-discovery, and newfound independence. Amidst the pursuit of knowledge, it's crucial for students to embark on their journey of financial literacy, ensuring they are equipped with essential skills for managing college...
College Cost Data Released for 2023-2024
Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country. Over the past 20 years, the average...
Navigating Tax-Advantaged Accounts for Retirement and College Savings
Planning for the future requires a strategic approach that not only considers long-term financial goals but also takes advantage of tax-efficient savings vehicles. When it comes to saving for retirement and funding a college education, understanding the tax advantages of specific savings vehicles is essential....
Personal finance lessons for college students
Leaving home and heading for college is exciting and daunting at the same time. A whole new set of responsibilities are thrust upon the shoulders of these young adults. Financial obligations suddenly become real....
Student Loan Repayments Resumed in October
After a pause of more than three years, interest on federal student loans resumed on September 1, 2023. This means that in October, more than 43 million Americans will need to start repaying loans. ...
Department of Education Launches New SAVE Income-Driven Repayment Plan
The Department of Education recently launched the most generous federal student loan income-driven repayment (IDR) plan to date — the Saving on a Valuable Education (SAVE) Plan. ...
Revamped FAFSA Streamlining College Aid in 2024-25
Big changes are coming to the FAFSA application, for the 2024-25 cycle! In a significant development for prospective college students across the United States, an eagerly awaited, user-friendly version of the FAFSA (Free Application for Federal Student Aid) is set to debut later this year....
What Can a College Savings Plan Be Used For?
In this article, we explore the versatility and potential of a 529 College Savings Plan, shedding light on the essential expenses it covers and ensuring that your loved ones have the necessary financial support to thrive during their college years....