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Your stocks are down and college tuition is rising. How do you pay for your child's education in an economic downturn?
Answering this question depends on how far away your child is from going to college. If your child is three years old, you have time for the stock market to turn around. But if your child is within two years of attending college, you'll have to take a different course of action. Start by evaluating your family's individual circumstances – beginning with your current savings and investments for your child's education.
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"Welcome to college and what could be the best years of your life. Now, please pay us $76,970.85."
Ouch! Let that sink in for a second. That figure is the total estimated…
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What do you have stored away for your kid's futures? Will you be ready for them to start college, get married, buy a home, have a future? Are you investing in them or blowing money on yourself. If you put away a good chunk each week it can help them out when they really need it. The last thing… Read More »
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<img alt="Getty Images" title="Getty Images" src="http://a323.yahoofs.com/phugc/BWycNA2ijRHq/photos/c06b300528a5635ad6aaacaaf71572b2/ori_fa5b0096bf421d.jpg?ug_____DwX9EvIHZ" align="left" width="300" height="199">As if we needed more distressing money news, the Center for Public Policy and Higher Education has come out with its biennial report on how well colleges and universities are doing on the affordable-education front. The news, as you have likely guessed, is not good. Read More »
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As if the tax deferral weren't enough, here's another good reason to like 529s as a way to save for rising college tuition and expenses: Hundreds of colleges tuition discounts, prepaid plans, and even scholarships for families that use 529 funds to help pay for college. Read More »
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It’s that exciting time of year when college-bound kids’ fevered anticipation for acceptance/rejection letters from colleges has been replaced by parents’ angst-ridden quest to figure out, “So, just how are we paying for this?”
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