If you currently take advantage of federal loan programs to borrow money for college-or intend to do so in the future-take notice. Rates on popular loan programs have been moving up in line with three-month Treasury bills, lifting the repayment rate on Stafford loans for student borrowers to 5.3% for the 2005-2006 fiscal year, while the rate on PLUS loans made to parents rose to 6.1%. Now, under legislation passed earlier this year, rates will increase even further starting July 1, when new... more
With the cost of college tuition and expenses rising at a higher pace than the rate of general inflation, planning for a child's education is one of the most important financial decisions one can make. In the past, many concerned investors have used tools such as Education Savings Accounts, mutual funds, and custodial accounts to save for their children's or grandchildren's college education. While these methods are certainly better than not investing at all, they do contain certain... more
© 2014 Retirement Planning
All Rights Reserved. All other trademarks and copyrights are the property of their respective holders.
This website provides information related to the subjects covered. Before making any financial or legal decisions, a professional should be consulted.