Since it’s college acceptance season, there are a lot of great articles out there about evaluating offers. Apologies for offering less original content here but reinventing the wheel doesn’t help. Here is a great article from the New York Times that will help you be a more informed consumer of your various offers.
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Student Loans
A recent AP article that ran in today’s Oregonian highlights how growing student loan debt increases income inequality in the US. Helping your student to make informed decisions about how much to spend and how much to borrow for college is one of the best things you as a parent can do to ensure that your child is on the path to…
Congratulations! You got accepted into several schools, and each offered you some financial aid. When you compare the offers, it’s important to make apples-to-apples comparisons. The first thing to figure out is, did you get funded aid or unfunded aid? Funded aid consists of grants and scholarships. Funded aid reduces the cost of going to college. Unfunded aid is loans…
One piece of good news with student loans: The interest you pay on them may be deductible. The Student Loan Interest Deduction gives eligible taxpayers a deduction for interest paid on qualified student loans. That’s pretty straightforward, but there are a couple of nuances: – A “qualified student loan” is one that’s used exclusively to pay for qualified higher educational…
… doesn’t mean you should. Here is a look at the impact student loan debt is having on the housing market.