College Financial Planning and Management

College Financial Planning and Management Budgeting for an education: The costs of college continue to go up each year, which means you’ll need to save even more for your child’s education just to keep up. For the 2003-2004 school year, public colleges and universities increased their tuition and fees by an average of 14.1% over last year’s costs. That’s more than four times the rate of inflation. Read More... Student Loans: After your home, the largest expenditure you ever make in your life may be for a college education. Costs at some colleges and universities now top $30,000 a year. On the other hand, the value of the education can be many times that amount; a college degree adds hundreds of thousands of dollars to the lifetime earning capacity of the average high-school student. Read More... Federal Family Education Loan Program: The Federal Family Education Loan Program (FFELP) is the largest federal source of financial aid for college. The FFELP is a public-private partnership started by Congress in 1965 to deliver and administer guaranteed education loans for students and their parents. The program has provided more than $377 billion in low-cost loans to more than 50 million Americans. Read More...