BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Should you pay for your kids' college?]]>http://www.bloggingstocks.com/2007/10/16/should-you-pay-for-your-kids-college/http://www.bloggingstocks.com/2007/10/16/should-you-pay-for-your-kids-college/http://www.bloggingstocks.com/2007/10/16/should-you-pay-for-your-kids-college/#commentsFiled under:

2007 Yale CommencementThe idea that parents should pay for their children's college education is widely seen as conventional wisdom -- after all, isn't that what those 529 plans are for? And Upromise, the program where buying groceries helps you put money away for your children's future?

I was a believer too until I read Ben Stein and Phil DeMuth's book Yes You Can Get a Financial Life! There, the authors argue that a college education is a capital asset and that it makes the most sense for the beneficiary of that asset to foot the bill. Stein and DeMuth believe that kids who pay for college may value it more, and that student loans and work-study programs are available to make it possible for kids to go to college without parental support.

And as they wrote, "If Mom and Dad really believe they are doing something noble by depriving themselves so their kids can stay out all night drinking in Nassau during spring vacation, that has little do with rational thought."

But do Americans really want to do that?

Continue reading Should you pay for your kids' college?

Should you pay for your kids' college? originally appeared on BloggingStocks on Tue, 16 Oct 2007 19:06:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>529collegeeducationschooltuitionuniversityUpromisework-studyTue, 16 Oct 2007 19:06:00 EST<![CDATA[How to save money on your college education, part IV]]>http://www.bloggingstocks.com/2007/05/18/how-to-save-money-on-your-college-education-part-iv/http://www.bloggingstocks.com/2007/05/18/how-to-save-money-on-your-college-education-part-iv/http://www.bloggingstocks.com/2007/05/18/how-to-save-money-on-your-college-education-part-iv/#commentsFiled under: ,

In this multi-part personal finance series, readers will learn various ways to help save money for a college education, from off-the wall-scholarships and 529 programs to the right time to refinance your loans. Parents and students alike who read this series will find something to help reduce the costs of a higher education before, during and after it takes place.

Part IV: Financial Aid

Last year, 1.8 million low- to moderate-income families missed out on help from the government because they did not fill out the Free Application for Federal Student Aid, or FAFSA for short, which is needed to qualify for any federal, state and some institutional financial aid awards, according to the American Council on Education. In addition, the Council estimated that 1.5 million families missed out on the Pell Grant, an award of $4,310 that does not have to be paid back, just because they failed to file the proper paperwork.

If I told you the government would give you $4,310 if you simply filled out a form, you'd do it in a heartbeat right?

Continue reading How to save money on your college education, part IV

How to save money on your college education, part IV originally appeared on BloggingStocks on Fri, 18 May 2007 17:38:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aidclepcollegeeducationfafsafederalfinancial aidFinancialAidgrantloanpellperkinspersonal financePersonalFinancePLUSsavingsscholarshipstaffordwork-studyFri, 18 May 2007 17:38:00 EST