Most parents would agree that when it comes to raising children, the old adage “the days are long, but the years are short” rings true. It also applies when we look at education funding. You can’t start saving too soon when it comes to college, since age 18 may be here before you know it.
You don’t have children of your own, but you’d like to help your friends’ kids pay for college. Here’s what you need to know about gifting a 529 account. This is what individual experts have to say generally about an issue that affects each person differently—if you want personalized advice you should see a financial
College has become ever more expensive, and so it’s important for parents to start saving early. A new report from student loan company Sallie Mae breaks down the state of American parents’ savings plans for their children’s college educations, based on a survey of 2,003 adult parents of children under age 18 performed by Ipsos.
How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right? Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae. Savings covers less than one-quarter of collegiate funding for the typical family.
You’d think the college bubble would’ve shown signs of bursting by now, but not so much. Last year, tuition costs rose again, making the cost of higher education all the more burdensome. The problem has gotten so bad, in fact, that even higher earners are struggling to keep up with those costs. It’s no wonder,
Back in the late 1960s, when many of today’s grandparents were heading off to college, tuition was measured in the hundreds of dollars. A semester at the University of Iowa cost in-state students $185 in 1968. That same year, Harvard students were shocked by a 20% hike in tuition…to $2,400 a year. This year, the