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When You Don’t Have Enough Money for College

When You Don’t Have Enough Money for College

on April 8, 2011 in Financial aid, Money, Student Loans

I’ve had a lot of parents  asking me lately  about whether they should give the green light to their children, who have been accepted into expensive schools without enough financial aid. In response, I want to share a cautionary post that I wrote for my other college blog over at CBS MoneyWatch. Here is part [...]

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College Loan Debt Just Passed Credit Card Debt!

on August 9, 2010 in Financial aid, Money, Student Loans

Americans now owe more money on their college loans than they do on credit cards. I just read about that scary reality on The Wall Street Journal’s website. According to Mark Kantrowitz, the financial aid guru over at FinAid and Fastweb, Americans owe about $829.7 billion in student loans. In comparison, consumers owe $826.5 billion [...]

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New York University: Tale of 2 Students

on May 30, 2010 in Financial aid, Money, Student Loans, Universities

Today I’m going to use New York University as a punching bag. I’m going to use NYU to illustrate how too many well-meaning families muddle through the college process and end up looking for the most highly ranked colleges without considering the price. Some of these families end up like Cortney Munna, a 26-year-old woman, [...]

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4 Things You Need to Know About Federal Student Loans

on April 26, 2010 in Financial aid, Money, Student Loans

It’s that time of year when parents and students are thinking about college loans. A few days ago, I wrote a college blog post that answered this question: Federal Student Loans: Where Do I Apply? Today, I want to answer three questions about Stafford Loans, which are the most popular federal student loans. Here’s the [...]

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The $555,000 College Debt Mistake

on February 17, 2010 in Financial aid, Money, Student Loans

Recently I wrote posts that cautioned parents and students not to take on too much college debt. Why am I being a nag? College loan debt can be toxic. My Exhibit A is a family practitioner in Columbus, OH, Michelle Bisutte, who finished medical school with $250,000 in debt in 2003. Today her college loan [...]

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PLUS Loans: How Much Should Parents Borrow for College?

on February 12, 2010 in College Costs, Financial aid, Money, Student Loans

I wanted to follow up on yesterday’s post: How Much College Loan Debt Is Too Much? In that post I talked about what is an acceptable level of college loans that students should assume. That post prompted Stuart, a blog visitor, to ask me this question about PLUS loans: What about the parents? What is [...]

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