The 4 Routes of Money When it comes to managing money, one generally has four options: save, spend, donate, or invest. These may not seem like a lot of options; however, a majority of people are only spending their money or have no idea how to start implementing the other three choices. People are not [...]
Paying for college is a huge challenge for most students and families in the United States as tuition and education expenses continue to rise each year. What’s worse is that many people end up paying more back in student loans by not utilizing resources that are available to them. The high school class of 2017, [...]
Incoming college freshmen and current students are facing many unknowns when it comes to understanding how the college experience will change as a result of the coronavirus pandemic. Will classes be online, in-person, or both? Will students be required to wear masks on campus? What about student organizations, and other traditional ways of making connections [...]
The FAFSA & College Financing If this is new to you, FAFSA, the Free Application for Federal Student Aid is a form for prospective college students that should be completed every year. The point of the application is to determine your Expected Family Contribution (EFC). The lower the EFC number, the more financial support you [...]
Last week we talked face to face with the Columbus Managing Director, Toni Cunningham of Per Scholas, a nonprofit organization dedicated to providing IT job training to individuals that need it the most. Building Tech In The Nonprofit Space Per Scholas is a national nonprofit organization that was formed in the Bronx, New York [...]
Student loan debt is one of the fastest rising debts of this generation. Americans currently owe a combined of $1.34 trillion on their student loans. On average, college undergrads are paying 28% more for college than a decade ago, and 65% more than 20 years ago. To mitigate this, it’s important that if you or [...]
Skyrocketing Student Loans- While some are worried about the rapidly growing U.S. national debt, others are looking at a different debt bomb that is slowly ticking in American households. Debt by Americans age 19 to 29 years old exceeded an astonishing $1 trillion at the end of last year, the highest exposure for the group […]
Generational Financial Divide If some random person off the street handed you $10,000 in cash, no strings attached, and would pay the taxes on this windfall, what would you do with it? Researchers asked this question of people who they categorized in the Millennial generation (age 18-34), Generation Xers (age 35-54) and Baby Boomers (over […]
You’re young, have little in savings and likely have no one yet relying on you financially. So why do you need to think about estate management?¹ Here are four great reasons: ESTATE STRATEGIES: THEY’RE NOT JUST FOR THE ELDERLY You need a will.You may ask why a will is important if there’s not much to […]
According to the Student Loan Marketing Association (more commonly known as Sallie Mae Bank), the average tuition, room and board at a private college comes to $43,921. Public tuition for in-state students at state colleges amounted to $19,548, with out-of-state students paying an average of $34,031. How are parents and students finding the cash to […]
