college

Defaults Rise in Parent PLUS Loans

Posted on 04/11/2014 by | Money and Work | Comments

Bulletin Today | Money & SavingsParents who’ve taken out federal student loans to help pay for their children’s college education are increasingly finding themselves in serious financial trouble. Default rates on Parent PLUS loans have tripled in the last few years, according to federal data released this month. Some 5.1 percent of loans that originated in the 2010 fiscal year were in default three years later, according to U.S. Department of Education data released last week. Default rates were highest, at 13.3 percent, for Parent …

Why Your Children Should Help Pay for College

Posted on 04/7/2014 by | Parenting 2.0 | Comments

Home & FamilySpring means college admissions, and we still recall the agonizing wait for the mail carrier. A thin envelope brought bad news, a thick envelope acceptance. Today, though, the “envelope” arrives via email — and that’s not all that’s changed. These days, the sticker price for private colleges starts at about $40,000 a year, going much higher for a prestigious institution; in-state schools run about half that. Nearly as soon as the anxiety on the admissions front dissipates, it’s replaced by …

Why I Like 529 College Savings Plans

Posted on 03/27/2014 by | AARP Blog Author | Comments

Money & SavingsIf you want to help pay for higher education for a child or grandchild, consider using a 529 college savings plan. These plans allow you to put money aside for tuition and other college-related expenses, while getting some nice tax advantages as well. Since I have a son who will be college bound in a couple of years, I’ve looked at all sorts of ways to pay for it and can say the 529 plan is by far the best …

Universidades mexicanas perfilan una idea para la comunidad hispana

Posted on 11/16/2013 by | AARP Blog Author | Comments

En EspañolLas cifras no mienten. Se está poniendo más y más difícil contar con ingresos para cubrir los costos universitarios, especialmente para familias de bajos recursos económicos. Esto se refleja en las estadísticas de los estudiantes hispanos que cuentan con un título universitario, que tiende a ser más bajo que otros grupos y mucho más bajo si se toma en cuenta el título de posgrado. Pero ha surgido una opción interesante: realizar los estudios superiores en una universidad mexicana sin salir …

Check Out These Affordable College Care Package Ideas

Posted on 09/16/2013 by | The Ultimate Cheapskate | Comments

Money & SavingsIf you have kids or grandchildren away at college, they’re likely to be feeling a little homesick right about now.  Care packages from back home are always appreciated, but they mean even more as students get settled into campus life.  Here are some ideas for putting together college care packages that student will love, but won’t break the bank. Unused Gift Cards: Every year about $2 billion in gift cards go unredeemed.  If you’ve been given a gift card that …

A Teacher Who Walked in Her Tiny Students’ Shoes

Posted on 08/22/2013 by | Best Life | Comments

Bulletin Today | Your LifeYou can say that Chris Cook is living her past every day. But it’s helping her to prepare a generation for tomorrow. This week, Cook, 49, welcomed nine children to her kindergarten class at the Milton Hershey School, a private boarding school on 2,640 acres in Hershey, Pa. The chocolate titan of the same name started a trust in 1909 to found the school for kids from families in financial and social need. It still covers all expenses of the …