This week Fred Amrein was quoted in a Money article title “Avoid the Parent Trap: Why a Plus Loan Isn’t the Best Way to Pay for College” written by Kerri Renzulli. It is a discussion on alternatives to Parent PLUS Loans for college. The article can be found on the Time Magazine Money website:…Details
Your child has made their college decision and now you need to understand which parent student loans are the best options for your situation. With the rising cost of education many parents are not prepared for this tremendous investment. Understanding the various loan options, legal responsibility of each loan type and the various repayment options…Details
This past week Fred Amrein was invited to present via webinar for the Independent Educational Certification program at the University of California – Irvine. The program was called “Paying for College: Strategies Beyond the EFC.” It focused on the financial aid positioning and ways to pay for college. Many families focus primarily on the financial…Details
We are just starting to see the impact and research associated with student loan debt over longer periods of time. A recent study issued by Robert Hiltonsmithfrom the Demos called “At What Cost? How Student Debt Reduces Lifetime Wealth” is an interesting report on student loan debt and lifetime earnings. As college and the education…Details
On August 1, 2013 both houses passed HR-911 “Bipartisan Student Loan Certainty Act for 2013”. This will lower the student loan interest rate and change the way it is calculated in the future. The student loan rate will be based on the US Treasury note plus a certain percent based on the type of student…Details
A Rueters article describing some of the issue the parents and older individuals may face if they have student loans in their golden year or near retirement. Parent need to understand the legal responsibility of student loans before they sign for them.
For many parents and students just entering into college understanding the financing of college can be one of the complicated financial decisions your will make in your life time. Understanding the differences between a subsidized vs unsubsidized loans can be confusing. This determination may vary by school, based on your financial need at that specific…Details
This Financial Advisor IQ article is a brief description of the issues that financial advisors face working with younger adults. Up to 70% of recent college graduates have student debt according to the article. This becomes an important part of planning for younger people since it will impact the amount they will be able to…Details
The increase in student loans is becoming a growing concern. Many feel there is a student loan time bomb approaching. Proper planning on how to borrow money for college and knowing your repayment options can save you thousands of dollars over your life time. This articel appeared in the Financial Advisor Magazine.
So many families are financing a bigger portion of a college education. Understand how the different student loans work and are paid back is becoming an important part of how to pay for college, the best way. Knowing the various student loans and repayment options, along with the loan forgiveness programs are available can help…Details