Middle Class Families Concerned about Affording College

Real wages haven’t increased, at the same time as pension values are decreasing, state budgets uncertainties are reducing funding for public universities and children are maturing into college age.  What a perfect confluence for many middle class families and contributing to nervousness that the lifelong dream of a college degree–demonstrated through multiple honors and Advanced…

Continue Reading

Why Teens Don’t Always Apply for Scholarships

Shifts in the views of parents with children aged 16 or younger about when adulthood financial independence should begin coincides with parents concerns about paying for college.    In Creative Marbles experience, parents expect to shoulder the majority of college costs, at the same time expecting children to contribute toward their education.  However, the shift in…

Continue Reading

House Votes to Keep Student Loan Interest Rates Low for 2012-13: A Good Move?

The Wall Street Journal reported that the House today passed a resolution to keep the current interest rate on student Stafford loans at 3.4% for the 2012-13 school year.   The Senate is scheduled to vote on a similar bill on May 8th.  Without Congressional consensus, student loan interest rates will increase to 6.8% for the…

Continue Reading

Financial Aid: There is No Free Lunch

There is no-magic-bullet-one-time-conversation-painless-and-costless solution to paying for college.  Increasing the amount of financial aid–either need based or merit based–are multiple year efforts that extend through a student’s entire college career.  Basically, there is no free lunch. Moving equity from one’s home to a life insurance policy or rolling all savings into retirement accounts are strategies…

Continue Reading