A friend recently asked me for advice on how to pay for graduate school. I realized during our conversation that a lot of people don’t understand the mechanics of the payment – hence, this post. Payment is different from financing, but it is a related subject. Financing is where the money comes from. Payment is… [Read More]
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Tag: student loans
Housing sputters, or does it?
Homeownership is a big part of U.S. culture, and yet, the rate of homeownership is falling. For the first quarter of 2014, the U.S. Census department reported that 64.8% of homes in the U.S. are occupied by their owners, the lowest rate since 1995. If traditional patterns still hold, then this is a sign of… [Read More]
Paying for college: Six myths about covering college expenses
T. Rowe Price is circulating a nice write-up about covering college expenses, broken down into six myths. You can read the full piece here; I’ve listed them again with a few of my comments: Financial aid is free money that will cover costs. Uh, no. Many scholarships have GPA requirements and loans have to be… [Read More]
Paying for College: Loan Repayment Programs
Student debt is a big problem. We all know that. But it does not have to be an impossible problem. A number of programs can ease the loan burden through repayment or forgiveness. Many are specific to certain careers, so you’ll need to think about participation before graduation. If you are on the fence about… [Read More]
Paying for College: Income-based loan repayment
The big buzzword in college loans these days is income-based loan repayment, which takes a few different forms. The first is the current income-based repayment method allowed for federal student loans, which kicks in under hardship: if a student has a very high level of debt relative to income, then he or she may be… [Read More]
