Diana Muralles-Garcia expected her husband home for the Fourth of July in 2005. He was finishing his second tour in Afghanistan — he had already served three in Iraq — with the Army’s 160th Special Operations Aviation Regiment, fulfilling a dream of studying medicine by working as an Army medic. He was coming to surprise… Read More
It’s no secret that the recession has driven down savings rates among Americans – shrinking budgets have left less room for socking away money, and record-low deposit rates have provided an additional disincentive to save. Now, a new study identifies one particular area of concern: college savings. According to the latest Certified Financial Planner Board/Consumer… Read More
These days, the cost of a college education is becoming more difficult for many Americans to live with, and fewer believe their degree is helpful. Nonetheless, student loan balances are on the rise. In recent years, the belief that a college education is a good value has become less common for Americans, and now stands at… Read More
At $1 trillion dollars, student loan debt has eclipsed credit card debt for the first time in American history. To make matters worse, come July 1 the interest rate on federally subsidized Stafford student loans will automatically double, from 3.4% to 6.8%, unless Congressional action is taken to extend the lower rate before then. Depending… Read More
To say college is expensive is an understatement. The average cost of tuition at a private four-year college averages about $40,000 a year for a grand total of $160,000. In ten years that cost is expected to soar to more than $280,000 for four years, assuming an annual 5% increase. Under great pressure, more parents… Read More
Today on Talk Credit Radio: Friday, May 27, 2011
It’s graduation season for many high school students and with graduation comes a combination of excitement and anxiety as many graduates—and their parents—worry about how to pay for college.
As a sophomore at Calvin College in Grand Rapids, Michigan, Hope Start is quite resourceful at finding financial aid for college. This year alone, she took two jobs, applied for loans, found grants, and won scholarships to help pay her $32,000 in college costs this year.