by Mara Strom Wisebread had an interesting post about students whose families' middle class income status has squeezed them out of the golden Medina of federal and state financial assistance: Financial Need. Blogger Xin Lu cites two college friends whose families were well off enough to be denied financial assistance to their top picks -- Harvard and MIT. When their … [Read more...] about Too Rich for Tuition Assistance… Too Poor for Tuition
Saving for College
Budgeting 101: How to Make a Budget in College
by Mara Strom Welcome to part three of our series on living on a budget at college. (If you haven't already read them, check out the previous posts: Eating on a Budget and Textbooks on a Budget.) Let me start by apologizing for not getting this post up on Monday. I just moved this weekend and despite Major-Internet-Provider's most fervent promises that I'd be on-line … [Read more...] about Budgeting 101: How to Make a Budget in College
3 Lessons in Credit Card Debt for College Students
by Mara Strom It's a conundrum. When you graduate from college, you'll want to have a good credit score. Everyone from mortgage banks to potential employers will be checking your credit report to see if you are a credit worthy individual. And if you have never had a credit card (or some kind of secured debt, such as a mortgage or car loan), then your credit worthiness will … [Read more...] about 3 Lessons in Credit Card Debt for College Students
The Best Way to Save for College: Uniform Gift/Transfer to Minor Act
Last week, we launched a four-part series about the best tax-preferred college savings vehicles. So far we have covered three out of the four: 529 College Savings Plans, 529 Prepaid Tuition Plans, and the Coverdell Educational Savings Account. Be sure to review those posts, if you didn't get a chance to read them yet. Today we are rounding out the series with the least well … [Read more...] about The Best Way to Save for College: Uniform Gift/Transfer to Minor Act
How Most Americans Pay for College
Sallie Mae and Gallup Poll released its 2016 annual study of how parents pay for college. Parents are helping more, using more of their own income and savings, while students are taking out more and larger amounts of student loans. Students are also working more, and two out of five of them are living at home to help keep costs under control. When all is said … [Read more...] about How Most Americans Pay for College