Funding Your Child’s K-12 Education

BLOG-Funding-Your-Child's-K-12-Education

We hear a great deal about student loans—there are ample ways for eligible borrowers to secure loans for college tuition. What we hear very little about is how to pay for private school, boarding school, and other educational institutions for students who are still in grades K-12. That is an important financial concern for many parents, especially now with school right around the corner. Many parents want to ensure the best possible K-12 education either because the district school is facing budget cuts or other hardship or in order to prepare a child for college and improve their chances of acceptance into elite universities.   Your Tuition Solution is one viable option. For the past 10 years, Your Tuition Solution has been a provider of education loans with flexible payment … [Read more...]

5 Personal Finance Tips for Millennials

BLOG-Personal-Finance-Tips-for-Millennials

So people keep calling you a millennial (some say it with a nicer tone than others). Amongst a variety of other defining characteristics, you have the unique (albeit unwelcomed) experience of graduating into a recession. Cons? Lower starting salaries and a lack of options. Pros? You’ve seen what irresponsible money management can do and you don’t want to make the same mistakes.     You’re also a victim of the tuition bubble, burdened with hefty student loan payments and a 30-year payoff plan that might as well be a mortgage. Now before you get out the violin, keep in mind that your generation is also relentlessly optimistic, savvy and smart, making you a force to be reckoned with in the workplace (conceal your ego though, please). If nothing else, we can assume your … [Read more...]

The Dangers of 5 Popular Ways to Pay for College

blog-5-dangers-paying-for-college

For many families, sending a child to college is a quintessential part of the American dream. But these days, you'd better start saving when they're still in diapers if you want to make higher education a reality. With the cost of college continuing to go through the roof, a growing majority of students are left searching for ways to subsidize the expense.   It has been said that education is the greatest investment, but to what lengths must you really go? When your savings, income, and even financial aid and grants  still aren't enough, alternative options are becoming increasingly necessary. While each has the potential to help pay the bills, they also come with inherent risks that often out-weigh rewards.   1. Credit Cards   Families often effectively … [Read more...]

So what’s Your Excuse?

blog-so-whats-your-excuse

This week, ABCNews posted an article about the craziest excuses for poor FICO® Scores. This got me thinking about some of the excuses out there. Now we aren’t in grade school anymore, so “the dog ate my billing statement” isn’t excusable. Especially with online/paperless payment options available. Likewise, my dear child spilled their milk on the mail isn’t a real crying issue. But there are legitimate excuses out there for poor credit scores, and legitimate reasons for good FICO Scores. Let’s try to blend the two together.   I Forgot to Pay on Time Hey, months fly by so quickly sometimes that some things escape notice. And we’ve all had that “Wait, it’s the first already? Oh no, I need to pay X!” the important thing is 1)      Get a calendar/reminder system set up – can be an … [Read more...]

New School Year, New Savings

blog-new-school-year-new-savings

The new school year is right around the corner. For some, the biggest concern is getting the right type of backpack, while for others it’s getting the right type of loan. Regardless of the new school affecting your life, you will most likely need to go shopping for supplies. Here are a number of helpful tips to let you get the best bang for your buck.   Coupons   For simplicity’s sake, a lot of the nationwide pharmacy chains offer weekly ads. CVS and Walgreens both offer a weekly ad accessible through the mail, in stores, and even online. With these you can find deals on essentials not just for the first day of school, but for projects and supplies all year round. Remember these are more than just pharmacies with school supplies – they sell groceries, seasonal goods, and … [Read more...]

Word on the Web: Week of 8-4

blog-word-on-the-web

We are officially in August, and while the heat is still around, the break is quickly coming to an end. Students are returning to school, driving schedules are changing, and financial concerns are filtering in. All across the web, bloggers are providing important information regarding these concerns. Here are a few we thought would be the most beneficial to our readers.   5 Steps to Choosing Your First Credit Card http://www.doughroller.net/credit-cards/5-steps-to-choosing-your-first-credit-card/ Our friends at Dough Roller provide a helpful guide for those looking into their first credit card. You don’t have to be entering college or entering the workforce to find some great tips. Even if you own multiple cards, you might just learn something new.   Five Credit … [Read more...]

Mom, I’m Going to College and I Need a Credit Card

blog-student-credit-cards

I had the pleasure of spending a couple of days with my brother and his family as his daughter is preparing to go off to college in a couple of weeks.  She is excited about the adventures and experiences that await her, and is busy trying to get organized with the “stuff” she will need to have prepared.   Interestingly, the subject of credit cards came up and my niece expressed that it was really important she have a credit card to be used only “in case of emergencies”.  My niece is one of those people that will give a stranger her last dime and seems to spend $20 when she only has $10.  As such, her parents had concerns about her ability to “self-regulate” and not consider charging a bunch of late night pizza’s for her dorm floor as “an emergency”!   However, they … [Read more...]

How Student Loan Debt Factors into Your FICO® Score

blog-student-loans

This year’s summer break may be a bit more stressful if you are a college student who plans on taking out subsidized federal student loans to help pay for upcoming tuition.  Unless Congress takes action this summer to restore lower rates, new student loans will have interest rates twice what they were in the spring semester (3.4 percent to 6.8 percent).  You don’t need to be a math major to know this is not good news.   This difference in interest rates will increase the total amount of money you end up investing in your education.  And it will likely impact a lot of US consumers.   With education costs rapidly outpacing inflation, more students and their parents are taking out student loans to pay for education. Based on recent FICO research looking at a large data … [Read more...]

The Sea of Scores

blog-sea-of-scores

In this technologically savvy era, when it comes to making an acquisition, you want to know your options. From major purchases like buying a home or a new car, to day to day events like trying a new restaurant or seeing the latest Hollywood blockbuster – you want to get the best bang for your buck. You want to know what is out there and that requires research. Checking your credit score is no different.   Lately there has been a lot of discussion on where to get credit scores. Our own Vice President of Business Development weighed in on the discussion, answering the question: Which credit score is the right one?. His response was there are many options - free “FAKO” scores or the paid FICO® Scores from myFICO.com. Ultimately his advice was to go with the one “based on the model … [Read more...]

Cutting Workplace Costs

signing will

We work hard for our money – but how much does your work itself cost you? Expenses like work attire, eating out, transportation, and morning coffee can eat away at that hard-earned paycheck. Make sure you’re not sabotaging your paycheck, and check out these tips to decrease your work expenses and increase savings for your personal life:   Affordable Work Attire   If you’re fresh out of college, or transitioning from a casual work environment to a more professional one, building the necessary work wardrobe can cost quite a hefty sum. To cut back on costs, invest in a few staple pieces, like suits and shoes. Although they can be expensive, high-quality garments that you will wear everyday are good investments. A pair of $100 shoes that will look nice for a few years are … [Read more...]

Disclaimer: This content is not provided or commissioned by a credit card issuer. Opinions expressed here are the author's alone, not those of a credit card issuer, and have not been reviewed, approved or otherwise endorsed by a credit card issuer. This site may be compensated by credit card issuers mentioned on the site by such companies.