All parents want to send their kids to college. Unfortunately, more and more parents are finding it difficult to save for college in these days of rising tuition rates and a shaky economy. A generation ago parents put their child’s college funding at the top of the priority list, but now many parents are being…
I am going to keep this post short since it is nothing more than a “crazy” theory of mine. The Wall Street Journal just published an article titled, “Student Loans: Default Rates Are Soaring” written by Anne Marie Chaker. Ms. Chaker highlights the stats: According to new numbers from the U.S. Department of Education, default…
It seems to be a common statement among parents, planners, financial aid people, some bloggers, etc. that Don’t worry about education loans, they are tax deductible… Like most tax advice given…it is a half truth. Student Loans Are not Always Tax Deductible Yes, your interest is tax deductible if you don’t pass certain threshold income…
A co-worker needed information as to financial aid planning, so I started researching away. It should be noted that beyond my parent’s attempt (it should be noted that they completely failed at navigating this world), and my independent status during law school, I have very little experience in the way of college planning. If there…
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