At 12 years old, most of us didn’t hold down regular jobs, except for maybe the odd baby-sitting or lawn-mowing gig. But one-fourth of parents today expect their kids to start socking away the contents of their piggy banks to …
Educational Financing
Child Care or College Tuition: Which Family Expense Is Rising Faster?
For many families, the costs of child care and college are obviously intertwined. Parents pay for the former so that they can work and save up enough—to help pay for the latter. It’s not news that the prices of both of these …
Student Debt: Why Even the Affluent Struggle
Student debt is soaring in the households of the well-off. Will this be a turning point in the way we think about education and how much we are willing to pay for a degree?
Back to School: How to Vet Student Bank Accounts
If you have ever looked for the perfect bank account for your teen, you know how frustrating the search can be. Linked accounts, transfer limits and fees, ATM fees, overdraft protection and more vary from bank to bank and from account to account. How do you sort through this maze?
Bernanke: Kids Will be Better Off Than Parents, But…
Speaking at a Fed town hall meeting with educators, Chairman Ben Bernanke said kids today will have it better than their parents. But they’ll also need to be financially astute, and Bernanke said every student should be exposed …
College ‘Shopping Sheet’ Designed to Help Students Compare Financial Aid, Overall Costs
Aiming to make the cost of college a little more clear—and easily comparable—the Obama Administration released a new guide on Tuesday to help students understand how much they will have to pay, how much debt they may have to take on, and how likely it is that they will be able to repay the debt.
Subprime Private Student Loans: No Way Out
Although private loans make up a relatively small slice of the roughly $1 trillion in outstanding student debt, a new report from the Consumer Financial Protection Bureau in conjunction with the Department of Education shows that …
Going Away to College This Fall? You’re Now the Exception
For American students, heading off to college has traditionally also meant physically going away to college. But now, at a time when college costs are soaring, and when news of young people being saddled with burdensome student …
Million Dollar Babies: What It Really Costs to Raise a Child
Last week, the Department of Agriculture announced that the cost of raising a child is now estimated to be $234,900. The fact that this figure represents an all-time high probably set some new and expectant parents into a panic. …
Where Are College Costs Going Up? 14 Public Universities with the Fastest-Growing Tuition
Struggling to Pay Your Student Loans? Move to These Towns
In an effort to boost dwindling populations, some towns have come up with an inventive idea: Move here, and we’ll help pay your student loans.
Why Have So Few Student-Loan Borrowers Taken Advantage of Income-Based Repayment?
A new plan to raise awareness about the Income-Based Repayment program is the latest step in the Obama Administration’s efforts to lessen the burden of student debt