Category: Education

What To Do About The Exploding Cost of Higher Education?

Below are two charts that will probably astound you, courtesy of Jill Mislinski at dshort.com. The first compares the increase in the cost of college with the increase in the Consumer Price Index, the cost of medical care, and the cost of a new car over the last 41 years. While medical costs have risen…
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What to Do With A Leftover 529 Plan

Despite the burgeoning cost of higher education these days, some parents might still end up with unspent money in a 529 plan after their child has graduated from college. As you may know, if you withdraw the money for purposes other than for your child’s education, you have to pay taxes plus an additional 10%…
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The Ugly Way To Become Rich

There is no shortage of promoters of wealth-building schemes. Many start by writing books extolling secrets that they learned along the way to their own alleged success. If their fame from their books grows they often develop seminars and training classes designed to provide more secrets, tools, and motivation to help you become rich like…
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Can You Afford That Student Loan?

Most parents want their children to achieve at least a four-year bachelor’s degree from college. Partly it’s emotional: “My kid graduated from Stanford. What about yours?” But the bigger driver is more commonly the fear that without a college degree, their son or daughter will simply be unable to compete for the higher-paying jobs of…
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OK To Tap Your 401(k) For College Expenses?

When it comes to their children, many parents take the view that supporting their kids is first priority.  That’s admirable from a family standpoint, but may not be optimal from a financial one.  And nowhere does this have bigger consequences than with college expenses.  A common question I encounter is whether or not it’s possible to…
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Dealing With Student Debt

As of the third quarter of 2015, student debt in the U.S. has soared to nearly $1.25 trillion. That’s trillion with a “t.”  As little as ten years ago it was only $350 billion, less than half the amount of credit card debt held by consumers.  Today it’s 70% higher.  Why is this happening and…
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