For decades, American families have used US Savings Bonds to help children save money for college. They don’t offer the best return, but they have no risk (other than inflation) and some tax benefits. They are easy to purchase, too. In the past, they had an additional advantage: the spiffy paper bond with a maturity… [Read More]
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Tag: paying for college
Paying for College: Admissions and Financial Aid
College admissions isn’t quite as difficult as most people think; once you get past the top 30 or whatever colleges, most students who are reasonably serious and reasonably prepared will be accepted. The real trick is paying for it. Different colleges have different approaches. Some colleges are need-blind: they draw up their freshman class without… [Read More]
Paying for College: The UChicago Promise
Yesterday, Robert Zimmer, president of the University of Chicago, and Rahm Emanuel, the mayor of Chicago, announced a new program, the UChicago Promise, designed to help Chicago residents get into highly selective colleges; if they go to the U of C, then their financial aid package will not have any loans. It will even… [Read More]
Paying for College: Consumption and Investment Spending
This post is a bit of a think piece, but it may give some perspective on educational costs. To start with, in measures of household spending and savings, education is categorized as consumption. The US is on the low end of household savings internationally. We’re also on the high end of college costs relative to… [Read More]
