5 Student Loans Myths You Need to Stop Believing Right Now

Federal Stafford Student Loan Forgiveness Programs

If you’re planning on taking out student loans or have already done so to achieve your career aspirations (maybe you want to open a business that designs cool car wraps or create a game-changing fintech app), then here are five persistent myths that you need to stop believing right now. Otherwise, you could find yourself swimming or sinking in massive debt for years after you graduate. Myth: It’s always smart to consolidate your student loans. Fact: There is a big and important difference between consolidating student loans and re-financing students loan. With the former, you are essentially combining debt and the interest rate will be equal to a weighted average of all of the underlying student loans (rounded up to … Read more

7 Student Loan Myths You Might Want To Ignore

Should You Take Out Private Student Loans for College?

When it comes to your student loans, you need to make sure that you are completely informed about them. There are tons of student loan myths that circulate, and you have to be sure that you don’t buy into them. If you start to believe all of these student loan myths, then you may find yourself in a pickle when it comes time to repay your loans. Below are some of the common myths that you need to ignore when you start to consider student loans. Student Loan Myths You Might Want to Ignore 1. You Can Have Your Loans Discharged in Bankruptcy Court If you are having trouble paying back your student loans or refinancing student loans, it is important NOT to assume that … Read more

Top 4 Investments Every New Parent Should Make

When you’re preparing to have a baby, long-term considerations like paying for college tuition seem relatively unimportant compared to more immediate concerns. Instead, you’re likely thinking about nursery room furniture, diapers, formula, and childcare. However, the earlier you begin saving for the future, the better off your child will be in their teens and twenties. Here are investments new parents should make… Top 4 Investments New Parent Should Make 529 College Savings Plan There are two types of 529 plans, prepaid tuition plans and savings plans. Prepaid tuition plans apply to one “qualified educational institution,” like accredited or nonprofit universities. Savings plans are typically applied to any college your child wishes to attend. Each state has its own 529 college plan, … Read more

Public vs. Private College: Which One Is a Better Investment?

Which is better a public or private college?

The following is a guest post by Irina Vasilescu from the blog, Don’t Pay Full, about which is better a public or private college. If you’d like to guest post on Money Q&A, check out our guest posting guidelines. On the surface, it seems like a simple question to answer. Which is better a public or private college? Which is a better investment? Surely, private colleges are cheaper, get you into less student debt, and you still get to graduate and earn the money back. But the real answer to this question is a whole lot more complex than that. Believe it or not, a private college can even work out cheaper than a public one. It all depends on … Read more

A Single Parent’s Guide to Saving for Retirement

Retirement planning is one of the most important aspects of adulthood. If you don’t save for retirement as early as possible, then you risk not being able to retire from your job at all due. For single parents, planning for retirement might seem even more daunting because you’re playing the role of breadwinner and care provider for your family while trying to plan for your own future all at the same time. It can be exhausting trying to make enough money to meet your family’s needs, let alone have leftover money to put into retirement. Unless you’re lucky enough to qualify for a pension in the future however, planning for retirement should be one of your biggest priorities, even if … Read more