Student Loans


 

Q: Hello, In 1983 I took out a student loan (private loan backed by the government) for my college education. After attending for 2 years, I went into the workforce and never returned to complete the other 2 years.   Long story short my loan went into deferment and finally defaulted. I was giving the option […]


 

  May 29th is National 529 College Savings Day. A 529 Plan is a state-sponsored college savings plan that can be used to sock away higher-education money on a tax-free basis.   Unfortunately, far too few Americans have 529 plans, perhaps because parents sometimes feeling overwhelmed by the ever-growing price tag of a higher education. […]


 

By Angie Picardo   I was among the lucky few students in the U.S. that graduate college without any loans.   After two years at a local community college, I was able to apply for and win a full-tuition scholarship to UC Berkeley.   Although I didn’t feel the burden of student debt first-hand, I […]


 

Q: “I need to borrow more than $100,000 for a four‑year degree; where can I get a student loan?” A reader of AskTheMoneyCoach.com recently wanted some financial advice regarding her son, who will be attending a university in the fall. He’s going to need to get a loan for at least $110,000 for his degree. […]