Outstanding student loan debt in the United States has tripled over the last decade, surpassing both auto and credit card debt to take second place behind housing debt as the most common type of household debt. Today, more than 44 million Americans collectively owe more than $1.4 trillion in student debt. Here are some strategies to pay it off.
More than anything, the top concern parents and children share is how they will afford college and deal with the debt burden that goes hand-in-hand with a degree. Kevin Myeroff, CPA, CFP® with NCA Financial Planners shares some ways to help your kids avoid financial mistakes as they head back to college. (3 min 2 sec)
Elizabeth Scheiderer, CFP® with NCA Financial Planners talks with Hollie Strano and Alexa Lee on Lakeside Today. They discuss what new college graduates need to know about financial planning! (2 min 23 sec)
May 29th is National College Savings Day and an easy way to start a conversation with your child about college costs. A frank discussion can help both of you get on the same page, optimize the college search process, and avoid getting blindsided by large college bills.
It’s college graduation season and college grads have a lot of decisions to make. Hopefully, the job is secured but next is where to live and develop a new life, which should include a strong financial system. Carole Weinberg, CPA with NCA Financial Planners joins us today with some advice to that college graduate. (4 min 8 sec)
Initial drafts of the Tax Cuts and Jobs Act of 2017 included several changes to college-related taxation. In the end, none of these provisions made it into the final legislation. But a few other college-related items did. These changes are now taking effect in 2018.