This year’s State of the Union speech stirred up discussion about the 529 college savings plans by threatening the tax-free withdrawal for education that makes 529s so popular. Thankfully, Obama has since dropped that piece from his education reform plan. Since then, many of our clients have been asking: What is the 529 Plan? Why […]
In the USA Today Article, “10 Myths About College Costs” Winnie Sun is quoted, “Most people will qualify for some aid, but if you don’t try, you’re automatically not going to qualify.” Wise words Winnie!
Higher education is now essential for many jobs and career paths. Despite the clear need for college, tuition comes at a steep price, potentially saddling a family with overwhelming debt. A glance at the headlines reveals some scary insights about the increasing burden of student debt: • Two-thirds of college seniors in 2010 […]
“Students graduating from college last year walked away with more than a diploma, they also left with a record level of student loan debt”
“College is supposed to be about getting off to a great start, but it’s a financial noose that threatens to kill our young and everybody else too.”
“This much we know: College pays. You can lose your house to foreclosure, but never your education.” Bloomberg Businessweek Global Economics article, “Student Loans: Debt for Life” By Peter Coy on September 18, 2012