Most schools lump tuition and fees into a single line item on their costs, but students and parents should have visibility to which is which. It can take a little bit of digging to find out, though. First, what are fees? They can be anything from health insurance to fitness center costs
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Saving & Paying
The Federal Reserve Board of Governor’s Report on the Economic Well-Being of US Households has a wealth of data on student loans, including a breakdown of borrowing by age range, forms of debt, and payment status by school type. Some interesting points:
One of the big changes to the tax bill was making our young adult children less valuable to their parents from a tax perspective. The dependent exemption is gone and the child tax credit for 18- to 23-year-old dependents is only $500. The change does open a door to higher-income families for the American Opportunity Tax Credit, though. The AOTC…
(Or: Why You Should Talk to Your Kids About Money Before Applying) My son applied to two schools: In-State-U and an Out-Of-State-U-With-A-Scholarship. I’m fairly certain that a big reason for applying to OOSU was that his sister is applying to a number of schools and he felt like maybe he’d be doing something wrong if he didn’t. He wants to…
It’s been a busy few weeks in my world, between the school play, Thanksgiving, our office moving, and more fun stuff like that. So apologies that you haven’t heard more from me lately.