Students Turning to Grandparents to Help Pay for College

How are families paying for college? Grandparents. Or, at least, grandparents and other relatives are kicking in more for a student’s education. The amount of money from relatives — often grandparents — and friends rose to an average of $1,247 this year, a 40 percent increase over last year. That’s according to Sallie Mae’s annual report, “How America Pays for College,” which is based on a survey of 1,600 parents and students. Enter the $50K Picture Your Retirement Sweepstakes. See …

Retirement Security: ‘It’s About Honesty, Fair Play, Dignity’

Thanks to the determination of millions of hardworking Americans, our economy has come a long way since the financial crisis seven years ago. Our businesses have created more than 12.8 million new jobs over 64 straight months — the longest streak on record. Our high school graduation rate is at an all-time high. More Americans are finishing college than ever before. And more than 16 million additional Americans have health care — and the uninsured rate is the lowest on …

10 Financial Tips for the Kids

We all want our children to be successful and happy. And though being financially fit won’t make anyone happy in and of itself, it can at least take away money stresses and allow the kids to pursue happiness. Just in time for Financial Literacy Month, three journalists from the Wall Street Journal offer 10 great tips in the video below. Get the latest tips on protecting your money and saving for retirement — AARP Money newsletter » Here are the 10 …

How to Dress for a College Tour

Any high-school junior or senior about to accompany her or his mother on a college tour will feel understandably nervous about fitting in. Not about how they’ll fit in — they’re going to be just fine — but how can they keep Mom invisible in the crowd while touring each campus? In other words, how do they put their best foot forward when a parent’s feet are clad in purple Crocs? Having just survived (and actually enjoyed) a college tour …

Are Your Kids Too Old for Gifts?

Between Black Friday and Cyber Monday, it’s impossible to get away from the message that we should be making a list and checking it twice. We wondered if adult children ever age out of the gift list. Not really, according to a very random survey among boomer women, both online and at a local gym. “You’re never too old for gifts from parents,” said a 25-year-old trainer who overheard the discussion. “At least I hope not!” Most moms surveyed, however, …

Banks Ease Terms for Struggling Student Borrowers

Big banks are beginning to cut some slack to distressed student-loan borrowers. Wells Fargo announced a new program this week that will lower the interest rate on loans so payments will be more affordable based on a struggling borrower’s income. The bank will review borrowers’ financial situations to determine whether they qualify for short- or long-term loan modification. >> 8 Hidden College Expenses According to the Wall Street Journal, both borrowers and cosigners will have to show financial hardship to get a modification. Modifications …