Student debt is something that almost every college graduate in the U.S. has to deal with. The average student graduates with around $30,000 of debt and many are carrying much more. While many people complain about student loan repayments, the majority of graduates actually think their degree is worth the debt they took on. So How […]
A Certified Student Loan Professional (CSLP) is a financial advisor who has completed the educational requirements for the accredited CSLP program and can accurately advise clients on student loan repayment while progressing towards their financial goals. This article will define the Certified Student Loan Professional (CSLP) designation, why you should hire an advisor with this […]
529 plans have many benefits, including some that are overlooked by most people. Here are 10 profitable ways to use 529 plans. When my youngest daughter was in college, we used a 529 plan to help gain tax advantages from costs we’d incur anyway. As a recently minted grandfather, I’m taking another close look at […]
We often tend to think that a lack of college education will consign us to working low-paid service jobs for the rest of our lives, but that really doesn’t have to be the case. There are plenty of well-paid jobs that are well compensated because they require skills rather than formal education, and a lot […]
The SECURE Act 2.0 makes 529 plans more attractive vehicles for saving and investing, both for higher education and beyond, like a Roth IRA. I’ve written about them before. 529 plans are a great way to save for your kids’ college education, offering valuable tax benefits. And if your kids do get a college degree, […]
Wondering how you can afford to send your children to college? Get to know the college financial advisors who specialize in education funding and additional resources that can help. College is undoubtedly expensive. Depending on the school, tuition costs upwards of $30,000 annually! This price doesn’t even include the cost of room and board, transportation, […]
A Certified College Planning Specialist (CCPS) is a finance professional who specializes in helping clients with financial planning for college. CCPS members are certified by the National Institute of Certified College Planners (NICCP) to provide advice, education, and ongoing support to prepare families for the financial implications of college. This article will define the Certified […]
Despite the relentless increase in the cost of a college education, such a degree is still incredibly valuable. If I tell you that not all college degrees are equally valuable, you probably automatically assume I’m referring to the difference between schools, right? Surely, a bachelor’s degree from Harvard or Yale is worth far more than […]
Let’s say you have a kid who will likely attend college in 10 or more years, and you have enough to start saving money toward her education. I call this an “ideal” situation because, personally, when my kids were that age, my income wasn’t high enough to set aside any realistic amounts after covering expenses. […]