Education Planning/College Savings

Infographic: 4 Healthy Money Habits to Teach Your Kids

Kacy Reece

Kacy Reece

Blog Post

It's never too early to start teaching your kids how to be responsible with their money. Whether they just lost their first tooth or are ready to go see a PG-13 movie, all ages can benefit from learning healthy financial routines. Children begin observing their surroundings at a very young age, and the sooner these habits are presented the better. Below we've provided 4 fun and easy lessons bound to help your kids understand how to handle money responsibly. 

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How to Find Out if Refinancing is Right For Your Student Loans

Kacy Reece

Kacy Reece

Blog Post

The average student loan debt in 2017 is $37,172. This kind of debt is not something that many people can pay off quickly. Instead, they make monthly payments and pay it down over the course of multiple years. Depending on the financial situation, these payments may not be an issue. 

In other cases, the burden is too much, or the interest is too high. In these cases, refinancing the loan could be a solution to the issue. This doesn’t take the loan away, but it does offer more ways to control it. Let’s find out how you can decide if this is the right approach for you in your financial journey.

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Three Reasons a 529 Plan is the Ultimate Gift to Give

Kacy Reece

Kacy Reece

Blog Post

Looking for the perfect gift for the youngsters in your life? While everyone will be wrapping up toys and clothes they’ll quickly outgrow, why not give them the gift of college this holiday season? A 529 College Savings Plan is an investment account specifically designed for educational savings and it allows contributions from friends and family. It’s the gift that keeps on giving - as the beneficiary ages, their 529 Plan has the opportunity to grow with them. They aren’t just for the typical 4-year universities and can be used to fund trade and vocational schools, community colleges, graduate school, or any institution that participates in the U.S Department of Education student financial aid programs. A 529 Plan is free and simple to start. You just need to name a beneficiary (may be changed in the future), pick if you’d like to save in a pre-paid tuition or a savings plans, and begin making contributions. 

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What Happens When Your Student Loan Grace Period Ends?

Kacy Reece

Kacy Reece

Blog Post

As the newest class of graduates begin to enter the workforce they’ll most likely be swimming in student loan debt, and while the costs of college continue to rise, more millennials are finding themselves buried in debt. According to Student Loan Hero, Americans owe over $1.45 trillion in student loan debt, spread across roughly 44 million borrowers. Overall, student loans are unavoidable for most graduates. While many providers allow a six-month grace period where borrowers don't need to make payments after school comes to a close, eventually the grace period will end and they will begin receiving bills. However, understanding the type(s) of loans you have, repayment options, and how to avoid lender scams, can help you build a successful repayment plan.

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Top Five College Debt and Savings Resources

Kacy Reece

Kacy Reece

Blog Post

 

Everyone can agree, college is expensive. There’s no sugarcoating that; however, there are many resources and tools available that can help reduce the price tag. Whether it's for you or your kids, paying for education, while usually a great investment in yourself, is a costly undertaking and that can saddle you with steep payments and student loan debt for years to come. 

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Stress Less About Debt: Creative Ways to Master Student Loans

Kacy Reece

Kacy Reece

Blog Post

For many young people, graduating from college is one of the most important accomplishments achieved at this point in life, but it is also one of the most expensive. Even if you begin your path towards post-grad adulthood by working full-time, moving into your own place, paying bills, if you have student loans, chances are that a sizable chunk of your income goes towards paying them down. 

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Budgeting for College: Part One - How to Save

It’s a well-known fact that not only is college expensive, it gets more expensive with every passing year. In fact, the class of 2015 is the most indebted graduating class in history, but experts don’t expect that title to stay with them for very long as the class of 2016 and 2017 are quickly rounding the corner. Between 2005 and 2015, college costs have increased 40%, surpassing the rate of inflation by 3.4% each year.

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