Student Loan Interest Rates on The Rise

Interest rates for student loans are reset each year. Starting July 1 interest rates for new borrowers of Direct Subsidized and Unsubsidized student loans will rise to 4.45%. That’s up from 3.75% the previous year.

Direct Subsidized Student Loans are those in which the government pays the interest while the student is in school. These loans are available to undergraduate students with financial need. Typically this means the Total Cost of Attendance at the school your student attends exceeds your Expected Family Contribution as determined by the FAFSA form. Even families with fairly high incomes and significant assets may have need at many private colleges and universities.

Before Sending Your Student Off to College, Do This

Imagine the following situation: It’s 10:00 a.m. on a beautiful spring day. The birds are singing. The sun is out – finally! Everything seems right with the world. Standing in line at your favorite coffee shop, you receive a phone call that your daughter was found unresponsive in her dorm room. She has been rushed to the emergency room at a hospital that you have never heard of before.

When you get there the hospital’s medical team refuses to give you any information about her condition or what kind of care she is receiving. They won’t even tell you what is wrong with her. As an adult she has a legal right to privacy that prevents the hospital from disclosing any personal, medical information.

While this may seem unlikely, it can happen. Do you know what you need in order to be involved in her care, now that she’s a legal adult?

How To Say “No” When Your Student Wants to Attend A College You Can’t Afford

gemma-evans-131781May 1 is College Decision Day, the deadline for high school seniors to select the college of their choice. For most families this is a day of celebration, a day to announce to the world (or at least your Facebook friends) where your student intends to spend the next four years of her life.

For some families, however, it’s time to face the stressful reality of paying for college.

Launch: How to Get Your Kids Through College Debt-Free and Into Jobs They Love Afterward

launch-book-coverIn her book, Launch: How to Get your Kids Through College Debt-Free and Into Jobs They Love Afterward Minneapolis author and speaker, Jeannie Burlowski, explains:

  1. Twelve things you can do right now to put your kids on the fast track to get through college debt-free — whether your child’s in high school or in diapers.
  2. Why pressuring kids to “get into a good college” and then pushing them to take on suffocating debt to pay for it is not the fastest, best route to career satisfaction and future financial stability.
  3. How kids as young as age 15 can get an exciting, liberating sense of possible career goal early on, and then sign up for only the amount of college absolutely necessary to accomplish that.
  4. How kids as young as age 12 can get a massive head start on racking up the 10,000 hours it takes to be viewed as expert in a career field.
  5. Plus over 100 viable, practical debt-free college strategies that nobody you know is talking about.

Free Bonuses. Any book orders placed by January 11th will get you access to two great bonuses: Jeannie’s online MasterClass with live Q&A and her The Strategic College Student online class.

Give The Gift of a Debt-Free College Education

launch-book-coverAs a financial planner I have seen the effects that college tuition bills can have on people’s retirement savings and long-term financial security. I have met with young people who have graduated from college with tens of thousands of dollars in student loan debt. And I know first hand, how difficult it is to save and pay for a college education.