The May Treasury Note auction is done; one of its results is an increase in student loan interest rates for the coming school year. Direct student loans (subsidized and unsubsidized) disbursed between July 1, 2017 and June 30, 2018, will carry an interest rate of 4.45%, up from 3.76% in the current year. PLUS loan interest rates went up as…
Further confirming that college can be a buyer’s market, the National Association for College Admission Counseling’s annual College Openings Update: Options for Qualified Students (a list of schools still accepting applications after May 1) shows an increase in the number of schools still accepting applications compared with last year. In fact, the number has gone up every year since 2013;…
No, I’m not trying to excuse my recent absence from posting by suddenly buying into ratings hype! The Princeton Review has some interesting rankings that might be a good second step on your winnowing-down-of-schools process. (The first step being of course identifying schools that you can likely afford.) In addition to their ranking of the “Best” 381 colleges,
Today’s post is written by a fellow fee-only advisor, Richard Freight, CFP®, EA, of IAM Financial, who is a father of two who will hopefully be college-bound. Dear Tyler & Isabella, These are some of the things I want you to consider when choosing what and where to study in college….. When the time comes for my son Tyler, and my…
In case you’re looking for any more reasons not to borrow a penny more than is necessary for college, this article from yesterday’s New York Times highlights three proposed regulatory changes that are likely to make student loans considerably riskier for borrowers.