Tag: Expense

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“I Have Student Debt?”

[Sung to the tune of Heigh Ho from Snow White & the Seven Dwarfs] “I owe, I owe, so off to work I go…” Even though I remember singing this refrain in jest, Millennials, the current generation between age 18 – 35 , may not be so light-hearted. According to Bloomberg News in April 2016: A …

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The Middle Class Squeeze

In the last several years, our middle class clients are being confronted by flattening incomes and  college costs that have risen over 1000%.  More and more families are finding themselves not only planning to pay for college when their children are quite young, but asking for more financial assistance when their children are ready to …

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Does a Free Lunch Exist?

Here’s how to borrow $127,000 in student loans, only repay $87,000 over twenty years, and have the U.S. Government pick up the tab for the $450,000 still owed at the end of the repayment period.  [Notice the quadrupling effect on the total balance owed because of the interest that accrues in the two decade long repayment period? …

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Where is the “Middle” in Middle Class?

Middle class families can sometimes feel like this: Cartoon credit: Americans for Limited Government, 2015 Especially when considering the annually increasing tuition, and other costs for a college education:   Related PostsAre Families “Shopping Around” For the Best College Deal? Depth Over Breadth? Education is a Delicate Balance

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Student Debt in Seven Charts

Not all student debt is ruinous.  However, borrowing can be complex.  Loans spend tomorrow’s income today, and for college students, a promise of tomorrow’s income is spent to pay for expenses in the present day.  Understanding recent growth in student loans and the challenges of repayment can help potential student loan borrowers consider both the benefits and the risks before borrowing. …