As we know, for the millennial generation, costs associated with pursuing a college degree are higher than ever. College tuition continues to rise each year at two to four times the rate of inflation, making it four times more expensive to attend school than it was 20 years ago. Tuition is also rising at a much faster rate than family income. The percent of median household income needed to pay for tuition is now 35 […]
As you know one of the major issues in this country that many Millennials and Ge-Z’s are experiencing is the amount of student loan debt they accumulate. So we wanted to highlight a few bullet points that the board and our president intend to roll out. Broad student Loan Forgiveness would be great. Remember, the time it currently takes to pay off students loans is 21.1 years. We need not say that this takes a […]
A 529 plan is a type of investment tuition savings plan. It is named after Section 529 of the Internal Revenue Code (IRC). Authorized to give “tax-free” status to qualified tuition programs, the earnings also accumulate on a tax-deferred basis and the distributions aren’t federally taxed when used for qualifying “higher education” expenses. The qualifying higher education expenses were expanded to not only include tuition and books but also computers, up to $10,000 annually in […]
I remember the day I graduated from high school as if it was yesterday; it had been more than thirty-five years. I am an immigrant from El Salvador; my family didn’t have any money to contribute to my college education, and I was the first in the family to have college aspirations. I faced several challenges that seemed insurmountable, including the funding of my education. I opted for the local community college and continued with […]
While researching college tuition costs, some of the research revealed the average sticker price to attend an in-state college is about 73% less than the full rate charged by a private college. THE AVERAGE COLLEGE Tuition cost among public and private institutions keeps increasing at a slow and steady pace each year. A college’s sticker price is the amount advertised as the full rate for tuition and fees before financial need, scholarships and other aids […]
