Paying for college - Nerdwallet

Paying for college

Saving and paying for college is a complex process. It can involve student loans, college savings accounts, and more.

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Russell Cron
Russell Cron
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Adam Harding
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Dr. Rebecca J. Travnichek
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Roslyn Lash, AFC®
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All Questions: Paying for college
NewPosted May 26, 2016

To the best of my knowledge, taking a loan from your 401(k) is a confidential matter between you and your employer (plan sponsor) and should not affec...

NewPosted May 26, 2016 · Seattle, WA

Do you have any other savings or contingency plan other than this $10,000? If not, then I would likely urge you to keep this reserve to handle unexpec...

NewPosted May 25, 2016
Linda Jacob

Linda Jacob

CFP®, AFC®

First, let me tell you how great I think it is that you want to pay cash for the additional costs. BRAVO!!

These are the suggestions I give my clie...

NewPosted May 25, 2016 · Austin, TX

The most common way to do this is usually through an UTMA or an UGMA account. However, the balance would be available to your nephew when they turn 18...

NewPosted May 25, 2016

A comprehensive financial planner would answer this question only after understanding your housing situation (rent vs. buy), your retirement plans, th...

NewPosted May 24, 2016

Your first stop is the college's finance office. Of course, you'll not ever want an amount to go to collections. If payment arrangements are possibl...

NewPosted May 24, 2016 · El Paso, TX

Variable life insurance for your child would essentially have the same tax and investment profile as a variable annuity. In both structures, the contr...

NewPosted May 23, 2016

Congratulations on the pending birth of your child!

You are still obligated to make the payments. If you are unable to pay the requested amount, co...

NewPosted May 23, 2016 · Los Angeles, CA

Good golly, what a bunch of great questions, and I'll say right off the bat I'm not the resident expert on student loans or aid. I am, however, an e...

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