Tag Archives: college

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college educationThere are many ways to fund a college education. Loans, scholarships, working between classes and saving during high school are some of the ways students can afford college.

There's also another reliable way to pay for it — hit up your parents.

The average cost for an in-state public college for the 2015-16 academic year averaged $24,061, and was $47,831 at private colleges, according to a survey by College Data.

Graduates may eventually cover those expenses with future earnings, but that's years after leaving college and doesn't help at all before starting school.

For parents who are generous enough to pay for some or all of their children's college education, it can require some sacrifices. And I'm not just talking about taking out a loan, dipping into a retirement account or taking out some equity in your home.

Cutting vices

Some families have to make life changes to be able to afford college. These can go well beyond stopping smoking or not going out for coffee every weekday. Getting rid of your vices makes sense for more than monetary reasons, but some pleasures in life are worth keeping, even if your kid has to get a college loan or two.

Liberty Bank of Chicago recently put together a graphic (at the bottom of this post) that lists simple vices that can be cut to help struggling families save for college. The bank based the total savings amount for each item on putting the money in a savings account for 18 years that earned 3 percent interest.

It's interesting to see how much can be saved by not doing something for 18 years — all of your child's life.  ...continue reading

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college freshmanThis is it! You are finally a college freshman, a young adult and are able to do your own thing. Going to college is the ultimate pinnacle of doing your own thing with no one to tell you where to go and how to be (most of the time).

Heading off to college for the first time is exciting, but there are a lot of supplies you are going to need for your firs time away from home.

If you do an online search to see what you need as a college freshman, the lists and advice out there may convince you that you need to spend a small fortunate just to outfit your dorm room. But the truth is, you don’t need all of that. If you are a college freshman, here are a few things you don't need!

1. A Television

You might think I'm crazy for saying you don't need a television, but hear me out. Most likely you’ll have your laptop or tablet with you when you head off to college, so you don’t need another piece of expensive equipment laying around to get stolen or broken. Plus your roommate or new best friend will have one, so you can always watch theirs.

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back to schoolSummer festivities are still in full swing, but back to school time is right around the corner.

When you go shopping this time of year, you'll likely notice a change in the atmosphere. Instead of bathing suits and red, white, and blue picnic plates, there are lists, glue, and paper. The stores are stocking up on all of the new pencils, notebook paper, planners, and backpacks. The smell of new pens waiting to be opened, pencils ready to be sharpened, and the feeling of a perfect folder, all shimmery in the plastic – it’s intoxicating.

Childless adults might lament on the passing of time and remember childhood, but luckily, you don’t have to have children to take advantage of all of the back to school sales and specials. Even if you don't have children, here are some ways you can take advantage of back to school sales.

Office Supplies

Now is the time to stock up on the basic must haves for your home office! Just because you don’t have children of your own, doesn’t mean you don’t need a fun folder or binder to spice up your office. Also, by taking advantage of these sales you can purchase school supplies and donate them to a local shelter or school program that gives away backpacks full of supplies to those children in need who can’t afford to get their back-to-school basics. This will make your donation dollars stretch further.

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