CliffsNotes Parents' Guide to Paying for College and Repaying Student Loans, by Reyna Gobel
CliffsNotes Parents' Guide To Paying For College And Repaying Student Loans, By Reyna Gobel. Eventually, you will certainly discover a new journey and also expertise by spending even more money. Yet when? Do you assume that you have to obtain those all demands when having much money? Why do not you attempt to get something basic initially? That's something that will lead you to understand even more regarding the globe, journey, some locations, past history, home entertainment, as well as a lot more? It is your very own time to proceed reviewing routine. One of the books you could enjoy now is CliffsNotes Parents' Guide To Paying For College And Repaying Student Loans, By Reyna Gobel below.
CliffsNotes Parents' Guide to Paying for College and Repaying Student Loans, by Reyna Gobel
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One of the most reliable sources of college tuition strategies before, during, and after college that parents will ever find Geared toward parents who are preplanning how to effectively save for their child's future college tuition as well as last-minute tuition savings advice, this invaluable resource gives no-nonsense advice from author Reyna Gobel, a recognized expert in the field of saving for college and repaying student loans. Reyna provides guidance on 529 college tuition savings plans, additional ways to save for college without breaking the bank, and repaying student loans that parents might have acquired. One of the best, most reliable sources of college tuition strategies before, during, and after college that parents will ever find!
CliffsNotes Parents' Guide to Paying for College and Repaying Student Loans, by Reyna Gobel- Amazon Sales Rank: #74796 in Books
- Published on: 2015-10-20
- Released on: 2015-10-20
- Original language: English
- Number of items: 1
- Dimensions: 8.50" h x .49" w x 5.50" l, .35 pounds
- Binding: Paperback
- 192 pages
From the Back Cover Pay for your kids’ college stress free! “A college degree is all but essential in today’s economy, but too many families are weighing themselves down with excessive debt to pay for higher education. Reyna Gobel’s expert advice can help families navigate the complex process of saving for, selecting, and completing a college education without bankrupting themselves.” — Liz Weston, award-winning, nationally-syndicated personal finance columnist and author of the best-selling book Your Credit ScoreOne of the most reliable sources of college tuition strategies before, during, and after college that parents will ever findGeared toward parents who are preplanning how to effectively save for their child’s future college tuition as well as last-minute tuition savings advice, this invaluable resource gives no-nonsense advice from author Reyna Gobel, a recognized voice in the field of saving for college and repaying student loans. Reyna provides guidance on multiple ways parents can save for and pay for their child’s college costs, and targets effective ways to repay student loans. Highlights of the book include:
- Easy ways to start and fund 529 plans
- Diversifying with other investment options
- Last-minute savings boosts for parents of college-bound students
- Comparing financial award letters and offers
- Borrowing parent loans
- Cosigning private student loans
- Repaying federal and private student loans
About the Author Reyna Gobel, M.B.A. and M.J., is a forbes.com education contributor, author and professional speaker who's been quoted by Money Magazine, Real Simple, and The Washington Post, where Michelle Singletary chose the first and 2nd editions of CliffsNotes Graduation Debt as financial book of the month. She's also a continuing education instructor for the Borough of Manhattan Community College and guest educator for the Institute for Financial Literacy and an advice columnist and curriculum development specialist for iGrad, a financial literacy organization that provides video and written course materials on financial literacy and repaying student loans to over 300 colleges and universities. You can submit a question to her by emailing askreyna@igrad.com or tweet her at @reynagobel.
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Most helpful customer reviews
1 of 1 people found the following review helpful. Incomplete when it comes to paying for college By E. Burton This book drove me absolutely crazy! Our family has sent 3 kids to college: a private secular college, one to a faith-based university and one to a large state university. They and we graduated debt free, and we are by no means rich. The book tells less than half the picture. The way a family manages college financially is not just a money question, it is also a college choice question and a lifestyle question. The author deals primarily and incompletely with the financial instruments of saving and borrowing for college and fails to mention some down sides of 529s, only touches upon the lifestyle side and says little about college choice. Here are my biggest beefs with the book:First, family ought to start thinking about college when a child is born if they want to contribute toward that expense. That means college expenses will affect lifestyle choices. The author talks about this a little in chapter one with reviewing cable, internet and phone charges, as well as electric costs, but what about just plain living below your means, shopping used, driving older model cars, etc., and not paying for every lesson, sports and social activity--that's what paper routes are for. By the time your child is 3 years old, buy a house you can afford to pay off in 15 years. Then you will have the cost of your house payment each month to contribute to college expenses. There are so many ways you can plan to save, regardless of your income level.Second, unless a family is very affluent, they have no business going into debt to put their kids through school. Instead they need to consider state schools and schools that completely meet the expected family contribution listed by FAFSA with minimal student debt. There should be no reason for the students or the parents to be taking out large loans. So paying for college starts with choosing the right college for your family's budget. In addition, students need to consider the earning power of their degree before going into even minimal debt.Third, and this relates to both FAFSA and the 529s. The 529 savings plans save money in the student's name and thus is an asset of the student. For some families--and this was the case with us. It was better for us to save money in our name as parents assets are not expected to be invested in college at the same rate as student's assets.So I was disappointed in this book for the financial demographic of students that I advise.
0 of 0 people found the following review helpful. Redundant At Times, But A Good Guide That Stresses Saving Early Using A 529 Plan By Robin This CliffsNotes book on paying for college and student loan repayment has a lot of helpful information on what parents and students can do to pay for college and what to consider in determining how much a parent should borrow and contribute to the tuition cost. It's a quick read, though dry and repetitious at times. The book covers everything from starting a 529 early to "parent plus" loans, saving your pocket change, cutting costs, scholarships and related topics about paying for a college education. The book presents "myths and facts" and also "chapter wraps-ups" that I find the most useful, and gives general answers questions I've wondered about- like whether a 529 Bright Start plan will negatively impact your child's ability to get scholarships and financial aid awards.This book seems particularly well-suited for new parents because it's best to start saving money when your child is young so your investment has time to grow. With how enormous a college bill can be, I think this book is absolutely spot on stressing the importance of starting a 529 savings plan shortly after your child is born. While still paying off my own student loans, I started saving small amounts to a 529 plan just after our now 14-year-old was born (I started making automatic monthly deposits of about $25 and graduated up to $120 a month) to help defray his future tuition costs. Those modest contributions have grown to $34,000. While that won't foot the entire college bill, it's a start and was relatively painless. My only regret is that I didn't contribute more. The good news is there's still time and other sources of tuition money, as this book points out.This book is worth reading even if the take away is to just set up a 529 plan early- just a small contributution each month can really grow over time. But this book also does a nice job of discussing the ramifications of resorting to student and parent loans -which motivates me to try and find more money now as the idea of more educational loans makes me cringe. For a CliffsNotes book, this does a decent job of addressing saving for college, understanding financial aid, deciding how much to borrow and related issues, and I think it's worth reading for anyone planning for their child's college tuition but it's especially useful if you're a new parent.
0 of 0 people found the following review helpful. An essential guide for your children's future By Neal Reynolds More than ever, most parents realize a college education for their children is a must if the child is to have the better life as an adult. However, college isn't cheap. Reyna Gobel's book is a valuable guide that will help the parents prepare so their kids will stand the best chance for education at a good college.The contents page helps the reader find immediately the appropriate place in the book to answer any question.The book is divided into 15 chapters with subchapters and these are divided into four sections. The first section on Saving During the Early Years covers Finding the Money to Start Saving forcollege, Choosing a 529 Plan, Diversifying with Other Investment Options, and Ways to Increase College Savings with the Help of Friends and Family. The second section on Last-Minute Savings Boosts goes into Savings Strategies and Finding "free" Money, Ways your Teen Can Help, Scholarship Application Strategies Throughout High School, and Comparing Schools Through College Visits and Financial Aid Award Letters. In Section Three titled "Filling the Gaps", the author discusses Borrowing Parent PLUS Loans, Everything You Need to Know About Private Student Loans, Finding Money to Chip in for Tuition During College and Changing your Strategy During College. Finally, the section on Repaying Federal And Private Student Loans includes Repaying Federal Student Loans including Your Own, Repaying Private Student Loans and Looking tothe Future: Saving or Planning for continuing Education.So what you have here is practical common sense guidance. The kids need the education and you need the know how of financing it.
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