Archive for the 'Student Loan' Category

Preparing for Your Child’s College Education

by Michael Benifez

As college costs increase, it can be intimidating to find ways to save up for your child’s education. Many parents know that they need to start saving money early, but they might not know where to start or how to start. Children are not cheap. One of the most expensive parts of raising a child is the college education.

Increasing College Costs

Although inflation in the United States has stayed relatively low, the inflation rate for college has more than doubled. Inflation for college costs averages between 3 and 7 percent each year, depending on the type of college or university.

Plan Retirement with a Budget

by Basdeo Paul

Nobody wants to work in their seventies and yet most people only have ten to twenty thousand in their retirement fund at 50. How long could you live off of 20 thousand dollars? One year? Maybe two with social security but that is just no way to retire. You must save money now in order to enjoy your golden years.

When do you plan on retiring? Most people want to retire by 65. That means that your retirement fund will need to last you 20 to 25 years. That is a long period of time to save for so it takes real work to calculate how much you will need and how to get that much money.

Deciding if Your Child Should Pay for Their College Education

by William Blake

If your child is close to graduating high school, you’re probably asking yourself- should college students pay for their education? College is not a cheap endeavor, and the costs are arising. It is a difficult decision.

Getting an education beyond high school is a necessity nowadays. People with degrees beyond high school have so many more options available to them than those who only have a high school education. College students also have opportunities to gain valuable work experience while working on their college program. This experience gets them a head start in the future with obtaining work.