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CollegeFinancialLady

“Is It Still Worth Going to College?”

Fed economists Mary Daly and Leila Bengali explore this question in a new research paper. Their conclusion? Based on lifetime earnings, yes: “for the average student, tuition costs for the majority of college education opportunities in the United States can be recouped by age 40, after which college graduates continue to earn a return on their investment in the form…

Federal Student Loans

The most common federal student loans are Stafford and PLUS loans. The biggest distinction between the two is that, for undergraduates, Stafford loans are loans made to students and PLUS loans are loans made to parents. Regardless of who’s going to be repaying the loan, it’s worth looking at both to determine which is a better deal. With a Stafford…

Choosing a Loan

For many families, it’s crunch time: your student has accepted admission at a college and now you have to figure out how to pay for it. Most families borrow some or all of the cost of college. There are tons of ways to borrow, and you can always find someone willing to loan you money for college. The key is…

Help yourself in the “base year”

Are you the parent of a high school junior? If so, 2014 is your “base year” for financial aid purposes. What does that mean? It means that your initial financial aid applications—FAFSA and/or CSS PROFILE—will be based on your income and assets for 2014. Now is a good time to make plans or adjustments that will help you in aid…