Education

Ten Reasons Iowa’s 529 Plan Is Great – And How You Can Use It To Get Ahead On Saving For College

I’m very happy to be living in Iowa, where things are quiet, we have very strong public education, and we’re also home to one of the best investment opportunities in the country for parents of future college students. That doesn’t apply to me, you might be thinking. Wrong! Iowa’s stellar 529 plan is open to …

Categories: Education, Parenting

Why Johnny Can Read

Earlier this week, I read an article that really made me reconsider my tentative decision to send my child to private school. More Parents Uproot Their Lives In Search of a Perfect Education tells the story of the O’Gorman family, who basically sacrificed the home their children had grown up in and their lifelong social …

Categories: Education, Parenting

Thinking About Student Loan Consolidation? Here Are Some Things You Need To Know

If you have more than one student loan after college, chances are you’ve been approached by more than one group seeking to consolidate your student loans (if you haven’t graduated yet and have multiple loans… just wait). These groups promise all sorts of things, from a percent reduction in your balance to a low interest …

Categories: Debt, Education

Why You Should NOT Pay For Your Child’s Education

This topic was requested by a reader who wanted to see reasons why a parent might choose not to pay for their child’s post-secondary education. This article intentionally provides only one side of a complex issue; please, do your own thinking and research before deciding whether to pay for your child’s education or not. You’re …

Categories: Education, Parenting

Financial Independence Week: Paying For Your Own Education

College-age readers (and younger), this post is directly aimed at you. Paying for college isn’t easy, whether it’s you doing it or your parents covering it for you. Unless you were very lucky in the scholarship department, someone is facing a financial hardship from this: your parents, you, your future self, or maybe even someone …

Financial Independence Week: Paying For Your Child’s Education

As a parent of a young child, I’m already struggling with the question of whether or not I should pay for my child’s post-secondary education, and how much I should pay for if I do. To put it simply, there is no easy answer to the question; if you were hoping to be told what …

Personal Finance For College Students: Ten Tips For Realistic Money Management In College – Without The Nonsense

A well-known writeup on software development stated the following: Your “use case” should be, there’s a 22 year old college student living in the dorms. How will this software get him laid? This frank statement hides some amazing truths inside of it, many of which relate to things far beyond software. The key principle, though, …

35 Outrageous Fees – And How To Avoid Them

Recently, CNNMoney.com posted an article containing 35 outrageous fees, along with tips on avoiding them. Unfortunately, due to the terrible layout of the article (you’re forced to jump from page to page in a very awkward fashion), it’s almost impossible to see all of the fees and also jump to the one you want to …

Investing In Your Child’s Future: Private School or College Savings?

As a parent of a young boy, I’m very concerned about the best educational path for him. As we sock money away for his college fund, I’ve been considering the concept of private school for him in the back of my mind. I recently stumbled across an article entitled Private School vs. College Savings: Which …

Categories: Education, Parenting

#14: Paying for College

This is part of a series in which we re-evaluate Money Magazine’s “25 Rules To Grow Rich By”. One “rule” will be re-evaluated each weekday until the series concludes; you can keep tabs on the action at the 25 Rules index. How Much College Should I pay for? Rule #14: Aim to accumulate enough money …

What Financial Information Sources Do You Truly Trust?

I was recently complaining loudly in the comments section of a political blog about the contradictory information one will find in different segments of the mainstream media when I began to consider what information sources that I actually trust. For example, the only news source that I generally trust is National Public Radio and even …

Categories: Education, Periodicals

If I Could Do It All Over Again: Advising Myself At Age Eighteen

Ten years ago, I was in the midst of my freshman year in college. I had very little concept of money or what to do with it, but at that point I still had an overall positive net worth. If only I knew then what I know now, I sometimes think to myself, particularly when …

The Road to Financial Armageddon #3: Cash & College

Last time, we reviewed the mistakes I made during my earliest days of dealing with my own finances, and it was clear that I was already showing some grave errors in financial planning. After high school, however, I found my way into college, an environment where I would have an opportunity to learn many things, …