Benefits Of The Prepaid Plan

For years adults have been questioning whether or not college is worth its cost. Over time the price for college has increased drastically and the potential income of a college graduate is barely following that trend. As colleges become more wealthy and powerful, they’re too pricy for someone to afford without help and debt.

College can be looked at as a life investment. It is an investment for the future of your life in hopes that it will pay off later in life. College is expensive, but can be affordable for all of those who try. In 2008, Students who applied to attend a four-year college received an estimated average of $5,400 in financial aid and state grants (“Trends in College Pricing”). With this estimated $5,400, this can reduce any students’ price of college to around $1,000 to $3,000 per year! This is an

Those are just a few examples of the many expenses that come with college. Which is why financial aid, scholarships, and smart money

College is supposed to be the memory of a lifetime not just an experience. College is about getting out and meeting new people from all over the world, learning how to live and do things on your own without having your parents telling you to do your homework or study for a test, but most of all college is for you to go and make your dream come true by getting a degree and making something out of your life. College may be expensive, but if you believe in your goal, then the cost shouldn’t matter.

College is a big obstacle for students because not everyone has enough financial support going through college. In his article, “Is College Tuition Really That High?” Adam Davidson discusses that the average student does not receive enough financial aid. Education is one of the most efficient ways to becoming successful and learning more about the world they live in. These days, students entering college do not receive enough financial aid to pay off tuition due to the increases in tuition and reduction in financial aid.

Summary - This article by CNN Money discusses 7 different ways to pay for college. College is getting increasingly more expensive and the good thing is most students receive financial aid, but still, there are many students graduating with large amounts of debt. Henceforth, there are ulterior options to make paying for college easier. A few examples, grants, work-study jobs, private scholarships, and claiming tax credits. Some decide to live off campus or to enroll into a community college to help decrease the cost of school. Each method is unique to a student’s circumstances, whether or not they’ll live on campuses not, take a leap year, and or the economic environment they live in. These different factors affect your eligibility for some of these methods such as grants and financial aid. Even without a scholarship, plenty of other methods of paying for college are available.

People will find that the authors say, going to college will be worth the expenditures. College is a lot of time and money. Today, college costs nearly $40,000 a year between tuition, rooming, supplies, and extra fees. Although, people may not want to find themselves buried in debt, after attending college. According to “Are We Getting Our Money’s Worth?” written by William Elliott, he states that “relying on student loans as the primary mechanism for financing college is a recent development.” Loans are how college is paid for in today’s generation, “loans have remained the largest form of financial aid available to students,” no student can afford college. Although, some are forced to go if they want to further their education. Owens and Sawhill mention, “the benefits of a college degree far outweigh the costs,” and “more educated workers earn more.” These authors give a valid opinion which people may

Check out this great podcast episode on how to plan financially for a college education. It has helpful tips and questions to guide parents in the ins and outs of Taming The High Cost Of College.

I am a young African American female who is exploring my choices after high school . I have came across many colleges and universities that I find appealing to the eye. However , attending these schools have various expenses. Tuition , room and board, and books can be quite expensive. Having an education plays an important role in assisting someone with financial expenses for school.

A big question going through the minds’ of high school juniors and seniors is whether or not the cost of rising tuition, living fees, and books is truly worth the degree. The following articles discuss this topic and give specific details, statistics, and real world examples about the cost of college. Many colleges have recently raised their cost of tuition, discouraging many from considering going beyond a high school diploma. But what most people do not realize is the expenses that come with tuition. There are many fees for different classes, depending on what class and major is being pursued, the cost of books, and living expenses such as rent, utilities, transportation and meal cost. All of the

Every American college student must be familiar with financial aid because majority of undergraduate students receive financial assistant in form of grans, Federal Work-Study, federal loans, and federal tax credits program and tuition deductions. According to the “Trends in Financial Aid 2014”, in 2013-14 there were 238.3 billion available to financially support undergraduate and graduate students’ education. The financial support makes people believe that the support for American college students is as remarkable as the American higher education’s academic reputation. However, the most frequently discussed higher education policy issue is always cost. The skyrocketing tuition, huge student debt and large student loan default rate raise

Such a plan allows an individual donor to contribute up to $55,000 to the account with couples allowed up to $110,000 without paying gift taxes and without reducing estate tax credits (Malkiel, 2003). But as we know, if it does not outgain the alternative, then it is not a worthwhile cause. Plans have a 10% penalty that is assessed on the income portion of any distribution in excess of qualified higher education expenses as well as a penalty for withdrawals not made for a qualified use. Such penalties are on top of the federal taxes that now must be paid to due to non-qualifying use (Auster, 2003). Therefore, there is a need to examine further just how well these 529 savings plans are performing and whether it is a way to beat the market.

“Many people worry about paying too much for college” (source 1). Individuals that want to go to college have variety of ways to pay for college. This essay will inform students to sign up for scholarships and grants, get federal student loans and private student loans.

Budgeting can be very difficult, nevertheless for college students, so I will be explaining how to budget in college by making smart decisions. A college education is probably one of the most expensive purchases a young adult will most likely ever purchase in their lifetime. College can be very expensive as a consequence tuition can range anywhere from 10,000 to 70,000 a year. Nearly all college students pay for college by a college fund, scholarship/grants, out of their own or parent's pocket or borrowed money. Despite the fact some of those payments aren’t directly coming from the student it is more than likely that they still don’t have a stable income to provide themselves with basic necessities. Most colleges don’t provide students with basic necessities which means they acquire to go out and obtain everything needed as far as food, supplies, books, also toiletries. The average college student spends anywhere from $200-$700 a month on just the articles they need. While on articles they want they spend anywhere from $20-$200. More than likely that most college students don’t work, notwithstanding first-year students and athletes, which is a large population of the school anyway. Today most students aren’t obtaining a stable cash flow and even the ones who are from allowances or a job tend to still most likely struggle with budgeting. Budgeting can be a very difficult task even for adults or people making a substantial amount of money, but it’s not impossible if

The bailouts of 2008 should’ve gone to the percentage of tax payers below the upper 10% of the population in the United States of America. This would have allowed the people to decide what businesses failed and what businesses would have survived. My evidence for this comes from what most Americans do with their tax refunds which simply they spend quickly on a wide variety of commodities. This is far closer to what capitalism is all about. By allowing banks to survive we supported the poor decisions that led to the recession. I would say the way we distribute the money is very important, it should have been done so in a way that people had to spend very quickly in order for its effect to be noticed on a large scale. I would do this by giving everyone a prepaid debit card essentially, which would be voided of its funds within three months of receiving the card. This could be spent on virtually anything from bills, loans, projects, etc., you could not trade it as you would be required to present valid identification with whatever you purchased it on. This would allow Americans to decide what they need and want to spend it on as individuals; businesses could react to this by offering better services and products within their completive markets. This in theory could lead to better business practice among all competitors as they attempt to sway people through trust to buy their products or services.