David Lerner Associates: Grandparents and College: Be Careful not to Jeopardize Financial Aid
As we discussed in a recent article, some families are turning to grandparents to help ease the burden of paying for a college education.
David Lerner Associates : The College Debt Dilemma - Avoid Debt In the First Place
Many families depend on student loans in order to send their children to college. A better option for many students and families is to try to avoid student loan debt in the first place.
David Lerner Associaties: Are You Robbing Retirement to Pay for College?
Many families today are faced with two competing long-term financial goals: saving for retirement and saving for their children's college educations.
David Lerner Associates : How Grandparents Can Help Save For College
With the cost of college continuing to rise faster than the rate of inflation, getting a college degree has become increasingly difficult for many American families. Some families are turning to grandparents to help ease the college savings financial burden
David Lerner Associates: Legislation Rolls Back Student Loan Interest Rates
In late July, Congress passed legislation to roll back the increase in student loan interest rates that took effect earlier in the month. This legislation ties student loan interest rates to the financial markets, instead of allowing Congress to set these rates, as they have in the past. On August 9, 2013, President Obama signed the bill into law.
David Lerner Associates: Defining Qualified Education Expenses
The term "qualified education expenses" is utilized frequently in education circles, but it can mean numerous things depending upon the context. Find out more using this table.
David Lerner Associates News: Five Ways to Power Up a Life Insurance Generator
David Lerner Associates identifies five key areas that can be "powered up" by plugging into a "life insurance generator".
David Lerner Associates News: Is a College Degree Still Worthwhile?
Many Americans are starting to question the value of a college degree. A recent study seems to indicate that a college degree is indeed worthwhile.
David Lerner Associates: Setting and Prioritizing Your Budget Goals
Without clear budget goals your financial life may remain in disarray. Your budget goals help you turn your financial wish list into an action strategy.
David Lerner Associates News: Four Personal Finance Tips for New College Graduates
According to the National Center for Education Statistics, more than 1.6 million students who will graduate from college this year will not be ready to be financially independent
David Lerner Associates: Helping pay for your Grandchildren's education
Tuition payments made directly to a university aren't considered taxable gifts, no matter how large the payment. But this is true only for tuition, not room and board, books, or fees. Find out more...
David Lerner Associates: College Savings Plans: 529
Section 529 college savings plans are tax-advantaged college savings vehicles and one of the most popular ways to save for college today.
David Lerner Associates: The Rising Cost of College
Each year the College Board releases its Trends in College Pricing and Trends in Student Aid, a report that shows college expenses and trends in financial aid. The report shows costs are rising in 2014/2015.
David Lerner Associates: Are 529 assets subject to Medicaid spend-down requirements?
Right now this issue has been largely ignored by state laws. But unless future legislation exempts 529 plans from Medicaid rules, it would be wiser to assume that these assets could be subject to the state's grasp.
Financial Aid Considerations for Graduate School
There are a few differences between financial aid options for attending graduate school and aid programs for studying at an undergraduate college
David Lerner Associates: Repaying Student Loans
For those students graduating in June there is a new and exciting life ahead. One of the responsibilities that many graduates face is repaying their student loans.
Financial Aid: 529 Plans and Your Family's Future
If thinking about joining a 529 plan, or if an account is already in the cards, understanding more about how 529 funds will affect a child's chances of receiving financial aid is a smart move.
David Lerner Associates: Education Tax Credits
Summer is most often thought of as a time for fun and relaxation. If your child is one of the 21 million heading to college in the fall it's also likely to be a time for financial planning. There is one aspect that could lighten the load - education tax credits.
Making the Leap from High School to College
If your child is leaving for college in the fall you're probably worrying about their ability to make the leap from high school to college. For many, it can be quite an adjustment - especially if they are leaving home for the first time.
David Lerner Associates: The College Application Process
Summer is almost over and there is much to look forward to as we move towards the fall. This is also the time of year when many families are embroiled in the college application process.
Teaching Your College-Age Child about Money
Now that they're heading off to college your children need more knowledge about money. They'll be on their own and handling their own finances - probably for the first time.
College Savings - Think Ahead
More than 20 million young Americans are headed off to college this month. According to the 2015 Sallie Mae How America Pays for College report, a national study of college students and parents, families spent on average $24,164 for college in the academic year 2014-2015
3 Ways to Graduate Debt Free
Over the past ten years, the cost of a college education in America has gone up very year. Hillary Clinton recently announced a proposed student loan reform as part of her campaign.
How Millennials are Changing the Student Loan Cycle
91 percent of millennial parents are determined not to perpetuate the loan cycle with their children. This is considerably higher than other generations - 76pecent of parents ages 36-45 and 74 percent of parents ages 46-55 said that debt caused them to use other strategies to cover college costs.
David Lerner Associates: 5 Financial Lessons for College Students
Millions of young Americans will be leaving home for the first time this fall. Along with many other freedoms they'll experience, they will also have to manage their own finances, probably for the first time.
David Lerner Associates: Why College Saving is Important
A college education can be an expensive proposition. Although many students take out loans to cover their education costs, this can be a financial burden for years to come.
David Lerner Associates: Scholarships and College Savings
As the cost of a college education continues to climb, paying for it has become a major family expense. Many couples report starting a college fund shortly after their baby is born.
Comparison of College Savings Vehicles
A comparison of all the college savings vehicles available.
David Lerner Associates: Who Can Benefit From College Savings Plans?
There are many types of people who can benefit from college savings plans especially parents and grandparents of young children, casual investors, or anyone wanting to transfer wealth to another family member as part of an estate plan.
College Savings and Loans
According to a survey by Sallie Mae, families are under increasing pressure to take out loans to finance college. Saving for college seems like the best alternative, but there are some misconceptions about the process.
American Teen Views on Student Loans and College Education
The student loan debt level in America has skyrocketed over the last decade. Before a family commits to the burden of a student loan, perhaps they should talk to their kids - a recent survey of American teens revealed that only 11% plan to take out a student loan.
Financial Planning Tips for Recent Graduates
As proud families celebrate and relieved graduates get ready to enter the workplace, new financial concerns take precedence. Now it's no longer about how to pay for their education, it's whether they'll get a job and how they'll manage on their own.
College Students Personal Finance Grade a C or Worse
In a LendEDU study of 455 college students, 59% rated their ability to manage their money and their finances at a C grade or worse. The survey posed 25 questions to the students, covering how they felt about their financial knowledge to spending habits, budgeting, and saving.
Tips for Saving for College
Before you know it, that sweet little baby of yours will be all grown up and graduating high school. Time flies and in the blink of an eye college preparations will be upon you. Unless you plan ahead, it's all too likely that you will be part of the majority of American families who do not have a college savings plan in place.
Money Tips for College Graduates
With the new school year approaching, proud families and students alike will be preparing for a new generation of graduates to enter the workplace. With the next chapter in their lives just around the corner, new financial concerns take precedence.
3 Financial Tips for the Real World
There are many and varied tips available for anyone looking to educate themselves on what the "experts" recommend when it comes to financial planning. The internet abounds with such tips and advice. However, some of these things are easier said than done, especially when it comes to the workaday world and trying to keep up in an ever-more-volatile economy. Let's take a look at some of these tips, and how they can be applied to the real world.
Financial Lessons for College Students
Almost 2 million students are expected to graduate this year, and according to some reports they'll be entering a very positive job market. Along with many other freedoms graduates will experience once they end their school career, they will also have to manage their own finances, probably for the first time.
Finance Tips for New College Grads
Graduating college is a momentous life event that should be celebrated. It marks the end of a chapter, and the beginning of many new ones. It also marks the entry of many young adults into the workforce and new opportunities.
Retirement vs College Savings
Some people are faced with this very real decision - do you start saving for Little Johnny's college tuition, or do you focus on your own retirement first?
Reasons to Invest in College Savings
Education is a gift that keeps on giving. College grads out earn people without degrees consistently and by a decent margin.
College Grads and Financial Literacy
Unfortunately, college students are not well prepared for the real world financially speaking, because it is not taught.
College Savings Plans
The person most likely to benefit from a college savings plan is obviously the child who goes to college. Keeping your child out of a bottomless pit of student loans is probably the best thing you could do for their finances.
Millennials and Debt
The average Class of 2016 graduate has over $37,000 in student loan debt - up 6% from last year.