college

Why Your College Student Is Ideal for ID Theft

Posted on 05/16/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsIf you have children or grandkids attending college, or about to graduate, it’s time to school them on the dangers of identity theft. Last year the Better Business Bureau deemed college students the “most at-risk” group for identity theft, and those in their 20s represented 1 in 5 of all victims (higher than any other age group), according to reports filed with the Federal Trade Commission. College students and recent graduates are often targeted because they’re ideal victims. Reasons: Many …

Some Student Borrowers Face Default If Co-Signer Dies

Posted on 04/22/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsMany parents and grandparents are aware of the hazards of cosigning an education loan, putting themselves on the hook to repay if the student doesn’t. Now another wrinkle has emerged that can end up hurting student borrowers: Under the terms offered by most private lenders, institutions can demand that borrowers immediately repay a loan in full if the cosigner dies or files for bankruptcy. These so-called auto-defaults can occur even if the borrower has been keeping up with payments. And …

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 …