College & Education – Money Crashers

10 Best Student Checking Accounts of April 2024

Brian Martucci — Tue, 29 Aug 2023 11:00:00 +0000

Students need a checking account without excessive fees or unrealistic balance requirements. These low-cost, low-balance bank accounts give them what they want — and some have cash back and opening bonuses to boot.

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6 Best Credit Cards for College Students of 2024

Brian Martucci — Thu, 11 May 2023 16:41:27 +0000

The best student credit cards are a lot like the best credit cards for nonstudents. They generally have low fees, reasonable APRs, and perks that specifically appeal to college students. A few even have cash back programs that reward spending on gas, groceries, dining out, and other routine purchases. So it should come as no

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8 Best Affordable Cars for College Students

Brian Martucci — Wed, 10 May 2023 18:40:00 +0000

Many college students get by just fine without owning a car. If you’re studying abroad or in a major U.S. city with great public transportation and affordable carsharing, ridesharing and bikesharing options, you might not need a vehicle, especially since traffic congestion and parking restrictions often create big headaches for student car owners. Throwing a car into

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10 Best State 529 Plans for 2024 – Saving & Investing for College

Brian Martucci — Fri, 05 May 2023 21:43:00 +0000

Are you daunted by the astronomical (and rapidly rising) cost of a college education? You’re not alone. According to the National Center for Education Statistics, the total annual cost of attendance (including tuition, room and board, and miscellaneous fees) at private four-year colleges and universities in the United States averaged $37,600 for the 2020-21 academic

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24 High-Paying Jobs Without a College Degree

Brian Martucci — Mon, 20 Mar 2023 05:19:00 +0000

Countless young Americans willingly enroll in four-year degree programs each year, assuming that the financial benefits of these degrees outweigh the downsides of five- or six-figure debt. They’re not always correct. Whether by choice or necessity, many four-year college graduates are underemployed, or working jobs that don’t require bachelor’s degrees. And some jobs that don’t

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Chase Freedom® Student Credit Card Review – 1% Cash Back for Students

Brian Martucci — Sat, 07 Jan 2023 14:00:00 +0000

Need a credit card to pay the bills while you’re in college? If you have good credit, the Chase Freedom Student Credit Card could be a good fit. Explore this cash-back credit card’s benefits and find out if it’s right for you.

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Student Loan Forgiveness Programs by State

Sarah Graves — Thu, 03 Nov 2022 04:11:00 +0000

The skyrocketing cost of getting a degree is starting to undermine the value of higher education. That’s especially the case if you, like most college graduates, had to take on student loans to get one. To ensure your degree is ultimately worth it, student loan borrowers can use any relief they can get from the

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Income Sharing Agreements (ISA): A New Way to Pay for College

Amy Livingston — Fri, 21 Oct 2022 03:55:00 +0000

America’s young people are drowning in student loan debt. According to a 2019 report from the Federal Reserve, 55% of all people under age 30 who have attended college borrowed money to pay for it. The average American with outstanding student loans owes between $20,000 and $24,999 and makes payments of $200 to $299 per

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17 Ways to Pay for & Afford College Without Student Loan Debt

Melissa Batai — Fri, 14 Oct 2022 03:33:00 +0000

Attending college, while not essential, can give graduates a financial boost that will benefit them throughout their lives. The U.S. Census has determined that the average college graduate makes $19,550 more per year than the average high school grad. Furthermore, the Pew Research Center stated that even after deducting time spent not earning money while

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Should You Pay for Your Child’s College Education?

Amy Livingston — Fri, 14 Oct 2022 03:12:00 +0000

College keeps getting more expensive. According to the College Board, in 2016-17, the average cost of a year at a public four-year college – including tuition, fees, room, and board – was $20,090 for in-state students and $35,370 for out-of-state students. At private, nonprofit colleges, the average cost was a whopping $45,370 per year. At

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28 Companies With the Best Tuition Reimbursement Programs

Sarah Graves — Thu, 15 Sep 2022 21:00:00 +0000

Tuition assistance programs help companies retain quality employees and maintain a skilled workforce, and the benefit helps employees avoid student loan debt and get job-related skills needed to advance. Learn about the companies with the best tuition reimbursement programs.

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Top 15 Recession-Proof Degrees and Majors

Sarah Graves — Thu, 08 Sep 2022 13:00:00 +0000

A higher education degree won’t guarantee a job in a tight market. However, specific career fields take less of a hit during tough times and are sometimes even in high demand during economic downturns. Find out which degree paths offer the best chance of employment in a down economy.

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How to Get Out of Default on Student Loans

Sarah Graves — Mon, 15 Aug 2022 13:00:00 +0000

Defaulting on your student loans can be stressful, with daily calls from collection agencies, damage to your credit score, garnished wages, and claims against your property. Fortunately, there are options for getting out of default whether you have federal or private student loans.

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The Pros and Cons of Refinancing Student Loans Before Grad School

Sarah Graves — Wed, 10 Aug 2022 03:23:00 +0000

More than ever, Americans are pursuing advanced degrees. The decision to pursue a graduate degree is fraught with questions, not the least of which is how to reduce student loan debt. It starts with figuring out what to do with all those undergrad loans before taking on even more. Refinancing your undergrad loans is one

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Is Student Loan Forgiveness Worth It? – Pros & Cons

Sarah Graves — Wed, 10 Aug 2022 03:18:00 +0000

The question of whether or not student loan forgiveness is worth it might seem like an odd one. After all, who wouldn’t want the balance of their student debt forgiven? While there are certain types of borrowers who may benefit from it, before you start relying on forgiveness as a way out, you should know

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What Is a PLUS Loan – Application Requirements for Parents & Graduates

Sarah Graves — Wed, 10 Aug 2022 03:04:00 +0000

With the cost of college continually on the rise, few students can cover tuition and expenses without taking out student loans. According to the Urban Institute, 70% of those with a bachelor’s degree have student debt. And though only 15% of all students go on to graduate school, 40% of the country’s total yearly student

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Investing as a Student: 7 Ways to Get Started Young With Under $1,000

G. Brian Davis — Wed, 10 Aug 2022 02:45:00 +0000

The world of investing is a scary place for students with less than $1,000 to their name. Most don’t know where to begin, and the idea of risking hard-earned money that took all summer to save can cause the sweats. If you’re a student or recent graduate who wants to start investing, but you’re low

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How to Afford & Pay for College as an Older Adult

Amy Livingston — Tue, 09 Aug 2022 21:49:00 +0000

Studies continue to show that getting a college degree is a smart financial move. For example, a 2019 College Board report found that for full-time workers, having a bachelor’s degree increased median earnings by 56% compared to having only a high school degree. And for adults ages 25 to 64, it cut the chances of

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Is There a Statute of Limitations for Paying Back Student Loan Debt?

Sarah Graves — Tue, 12 Jul 2022 03:38:00 +0000

It’s been a rough decade for many student loan borrowers, including Jennifer (name changed for privacy). A stroke sidelined her, and disability payments weren’t enough to stay ahead of her debt. Creditors have been hounding her relentlessly, threatening to garnish her nonexistent wages. Fortunately, the statute of limitations just ran out on her credit card

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How to Discharge Federal Student Loans — 8 Options to Cancel Your Debt

Sarah Graves — Tue, 12 Jul 2022 03:31:00 +0000

Millions of college graduates owe tens of thousands in federal student loans. My monthly payment is $600. That’s a big chunk out of this mom’s already overstressed budget. I don’t know about you, but getting rid of some or all of those student loans could be a game-changer for me. And in certain circumstances, you

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