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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David Hunter
David Hunter
CFP®
Asheville, NC
2 recent answers
Roslyn Lash, AFC®
Roslyn Lash, AFC®
AFC®
Winston Salem, NC
2 recent answers
Eric Jorgensen
Eric Jorgensen
CFP®, ChFEBC
Washington, DC
2 recent answers
Adam Harding
Adam Harding
CFP®
Scottsdale, AZ
1 recent answer
FISC-CCCS of Northeast   Wisconsin (NFCC)
FISC-CCCS of Northeast Wisconsin (NFCC)
NFCC Certified Credit Counselor
Menasha, WI
1 recent answer
All Questions: Paying for college
NewPosted September 24, 2016

You can do the following structure for each child:

1) Open a 529 plan account that you own and name a grandchild as the beneficiary. Your contributi...

NewPosted September 23, 2016
GreenPath (NFCC)

GreenPath (NFCC)

NFCC Certified Credit Counselor

I would contact the St loan lending company depending on the type of loan sometimes you can work an income based repayment plan and after 9 months of ...

NewPosted September 22, 2016

Student loan debt is perhaps the most important debt. It can not be discharged in Bankruptcy and your paycheck can be garnished for non-payment. Let ...

NewPosted September 21, 2016
Eric Jorgensen

Eric Jorgensen

CFP®, ChFEBC

I would look into a personal loan, and if the interest rate is lower than what the financing option through the school then get a personal loan.

NewPosted September 18, 2016 · Seattle, WA
Mark Struthers

Mark Struthers

CFA, CFP®

I wanted to give a second endorsement for the pervious advice given. I have seen many young people taken advantage of by large banks (like you see wit...

NewPosted September 18, 2016

Good question. It was my understanding that the amendment brought the 529's up to speed with what was already an allowable expense in an ESA.

Best w...

NewPosted September 17, 2016 · Denver, CO
James Kinney

James Kinney

CFP®, CCPS

Looks like you have your hands full juggling a lot of balls in the air! To answer your question directly, bankruptcy will not likely help you much. ...

NewPosted September 16, 2016 · San Francisco, CA

You don't mention whether or not your credit score is high enough to consider consolidating the balance, but regardless, it does not hurt to call your...

NewPosted September 15, 2016

Focus on the Student Loan first. Then, if the houses in your area have increased in value, perhaps you can refinance avoiding PMI. Of course, this i...

Posted September 13, 2016

Taking out a loan to pay off debt is actually fairly common. People use personal loans to get lower interest rates or to consolidate debts for easier ...

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