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Posted July 01, 2013 by

Millennials Have A Debt To Pay

Tru Pettigrew

Tru Pettigrew, Founder of Tru Access

It’s no secret that there is a student loan problem in this country. That problem is not just the problem of the current millennial generation student body though. It affects all of us.

A member of my Twitter fam shared an article from Forbes.com with me yesterday that mentioned that 1/3 of millennials regret going to college. This regret stems from the enormous debt that they find themselves in from student loans at the end of their four years in college. The frustration is then compounded with a nearly five-year stretch of double-digit unemployment for millennials. Not only have they racked up an enormous student loan bill, they are also at a loss for where and how to land a job to make any money to start paying that bill. (more…)

Posted July 01, 2013 by

4 Things Parents Should Know Before Paying for College

From $20,000 to $65,000 a year – that’s the tuition cost for one year of college, says John McDonough, a money expert who helps retirees and parents plan for their families’ futures.

John McDonough

John McDonough, CEO of Studemont Group College Funding Solutions

“For the 2012–2013 academic year, the average cost for an in-state public college is $22,261. A moderate budget for a private college averaged $43,289,” says McDonough, CEO of Studemont Group College Funding Solutions. “But for elite schools, we’re talking about three times the cost of your local state school. Either way, your kid’s higher education can easily shoot into six figures after four years.” (more…)

Posted July 01, 2013 by

Bang for your buck: Can the school you attend impact earning potential?

Green sign saying College Just Ahead

Green sign saying College Just Ahead. Photo courtesy of Shutterstock.

Is the engineering department reputable enough to stand out on a resume? Could the starting quarterback lead the football team to a BCS bowl berth? Will my parents write me out of the will if I refuse to attend their alma mater? Those are just a small sampling of the hundreds of factors that prospective students might take into account when deciding where to attend college. (more…)