As I discussed in a previous post, the average college student graduates with somewhere between $30,000 to $40,000 in student loans, with no indication of tuition growth rates slowing any time soon. Typically, these loans are scheduled to be paid off in 10 years, or 120 monthly payments. If you’re anything like me, you understand …
Continue reading “I Recently Paid Off My Student Loans 3 Years Early – Here’s How I Did It”
Florida is a state lucky enough to benefit from the state-wide merit scholarship known as Bright Futures. Just recently, the state expanded the program, and now there are two main forms of the award known as the Florida Academic Scholarship (FAS) and Florida Medallion Scholarship (FMS). These awards are given out based upon achieving a …
Continue reading “Don’t Stop with Bright Futures When Paying for College”
The American Opportunity Tax Credit, or AOTC, allows for people to receive a maximum annual credit on their taxes of $2,500 per eligible student. This means the government is willing to grant ten thousand dollars (over four years) of tax credits to every qualifying student. If you have three kids, this equals $30,000 of college …
It is no secret that college students today are graduating with unprecedented levels of student loan debt. According to Forbes, the total student loan debt currently sits at just over $1.3 trillion, with the average student from the Class of 2016 holding $37,172 of that debt. With no clear signs of tuition rates stabilizing in …
Continue reading “A Personal Solution to a National Problem”
We all think about what we want for ourselves in retirement, in our careers, or even where we want to live. There are many things one can do to help get themselves there; however, many of us do not know where to start. This is why everyone needs a financial plan. Whether planning how long …