If you’ve been mulling a credit card for a child under 18 or adding a child to your credit card, there are a few options for getting started. Teaching teens about the responsible ways to use a credit card while they’re under your roof will prepare them with good financial habits that benefit them for a lifetime.
Every year, community forums on Facebook and Reddit are flooded with exasperated parents wondering how to answer questions on the FAFSA. Some are fairly straightforward, such as “can my student qualify as independent if we’re not paying for college?” (Answer: No.) Others are trickier. Here's what to know about finding free help.
Every year, the Free Application for Federal Student Aid, a.k.a the FAFSA, opens on Oct. 1 for students going to college the following year. It’s the financial aid form that the U.S. Department of Education uses to hand out more than $30 billion in grants each year. For many families, the FAFSA inspires dread — and worry about making mistakes.
What happens if you catch COVID-19 on a college campus this year? You could be in for a chaotic isolation period, marked by rushed travel home or an unplanned bill for a stay in a nearby hotel.
If you’ve got several children heading to college, it’s time to get serious about your strategy to pay for all of it — not just the first year or two. Many families go into borrowing for their first child’s college education without considering exactly how they’re going to pay for future years, or for younger siblings.
With college costs soaring, and student loans readily available, it’s all too easy for students to graduate without understanding exactly how much they’ve borrowed or what their projected loan payments might be. Many parents also end up co-signing private student loans or taking out Parent PLUS loans on behalf of their child.
Even if your college student received a scholarship or financial aid, odds are you’re staring at a hefty college bill now that the fall semester is nearly here. At this late stage, you may have no choice but to borrow to pay the bill. But there are other strategies that could help you.
Specialists with The Private Bank share their perspective on the actions to take in each decade to help you be in the driver's seat when it's time to retire.
The end of college admissions season is approaching as high school seniors make final decisions about where to enroll for the fall. Or at least, the end is near for most applicants.
Many students have faced exacerbated hardships since the pandemic began. Here's how colleges are helping with food and housing and where you can find resources.