Category: Student Loans

Paying College Tuition Using a Credit Card

Paying College Tuition Using a Credit Card

Paying for college can be more complicated than just having the money.  Parents and students need to learn how to navigate the process of paying the bill itself.  According to a 2016 Sallie Mae survey, “2 percent of families put an average of $4,443 in college costs, including nontuition expenses, on credit cards.” (1)  It […]

August 30, 2016 | By More
FTC Sues DeVry: What Can College Students Learn?

FTC Sues DeVry: What Can College Students Learn?

Did you happen to read about the suit filed by the Federal Trade Commission (FTC) against the operators of DeVry University?  (In case you are not aware, DeVry University is a for-profit college based in Downers Grove, Illinois).  If not, below are a few points taken from the Federal Trade Commission’s news release regarding its […]

February 4, 2016 | By More
College Accreditation: Lesson from Corinthian Colleges

College Accreditation: Lesson from Corinthian Colleges

We in the financial literacy community have said it – financial decisions are becoming extremely complex today.  The issue of selecting a college, earning and paying off that degree, just got a lot more complicated.  Have you had the opportunity to catch the details regarding the failure of Corinthian Colleges Inc.?  It’s a story ripe […]

November 12, 2015 | By More
Student Loan Debt:  The Price of Financing a College Education

Student Loan Debt: The Price of Financing a College Education

Last week when drinking my morning coffee and reading the Chicago Tribune, I came across the article Illinois College Students Feeling Loan Pain  by Gail MarksJarvis. Once again, a journalist is ringing the alarm regarding student loan debt and its repayment.  Although her piece was targeted to Illinois, it provided in microcosm the significant issue […]

November 5, 2015 | By More
Millennials & Home Buying:  What Impacts Home Ownership?

Millennials & Home Buying: What Impacts Home Ownership?

For previous generations, home buying was a default decision.  Even for young professionals who had not taken the “walk down the aisle” purchased a home just for the investment benefit.  But, following the financial crisis of 2007, mortgage crisis, and the student loan crisis that has entered the economic picture over the last years, the […]

November 3, 2015 | By More
Avoid the Student Loan Debt Scams

Avoid the Student Loan Debt Scams

Over the weekend, I spoke with a friend about his college loan debt. Thankfully, he is nearly done paying off that debt.  I have to admit I experienced brief flashbacks to the days when I had student loans, but certainly not to the extent young people have today.  Sadly, others are not so fortunate.  As […]

September 8, 2015 | By More
Student Loan Forgiveness:  Teachers and Public Service

Student Loan Forgiveness: Teachers and Public Service

One of the reasons I enjoy being a member of a variety of LinkedIn groups is access to information. Irene Skricki, from the Consumer Financial Protection Bureau, shared a valuable article this week in our discussion group related to student loan forgiveness for teachers and individuals working in public service.  To be specific, here is […]

November 5, 2014 | By More
You Can’t Hide from Student Loans

You Can’t Hide from Student Loans

When speaking with colleagues at an ILJumpstart event the other day, one of our topics of conversation was student loan debt.  One colleague was concerned that not all young people truly understand the finer points of student loans.  I suppose that is why a recent Gail MarksJarvis column referencing this subject caught my attention.  It discussed […]

October 14, 2014 | By More
What is a Direct Loan for College Students?

What is a Direct Loan for College Students?

Over the weekend, I attended the Naper Settlement’s Civil War Days (May 17-18, 2014) in Naperville Illinois.  Nearby is North Central College, where I graduated from college.  It has grown tremendously since I was a student.  I’m always appreciative of my school experience there, particularly because of the area’s rich history.  But, like all college […]

May 19, 2014 | By More
The Grim Reaper and Your Student Loan

The Grim Reaper and Your Student Loan

There are just some topics that aren’t pleasant to talk about.  Today’s topic is one of those, but to be honest, I feel a responsibility to point this issue out.  It’s about student loan debt and the repayment of that student loan debt.  If you’re a student or parent of a student, our conversation today […]

February 20, 2014 | By More