In his recent New York Times article: “The Student Debt Problem Is Worse Than We Imagined,” author and senior director for post-secondary education at the Center for American Progress, Ben Miller stated that one of America’s best investments in socioeconomic mobility — college — has become a debt trap for far too many. While I
Financial Considerations Whether or not your child needs a car at school depends on a number of things. Obviously, you want them to be able to travel to-and-from the grocery store and visit home without any mishaps. However, it may not be all that necessary for them to have a car on campus. In fact,
You’ve shared a home for a lifetime and felt secure knowing that child of yours was just a bedroom away. Now, you’re shipping your teenager off to begin a new chapter in an unfamiliar place, possibly hundreds of miles away — all without you. Dropping a child off at college for the first time can
Back-to-school shopping can get expensive fast. On one hand, you think you’re just buying pens, pencils, and notebooks, but everything adds up. Clothes can also be pricey even with the sales and discounts especially if you’re purchasing a whole new fall wardrobe. For parents who wind up spending a few hundred dollars each year during
When it comes to building credit, it’s best to start sooner rather than later. Sending a student off to college with a credit card is a good way to help them build credit. By the time they graduate, your kid will have four years of credit history, which will enable them to borrow on favorable
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.