What Is The Best College To Go To In The Future?

Overview I have been asking for years in my ‘your smart money moves’ column if we could really put a monetary value on a college education.  The great debate over public school vs. private school on the high school level will continue because there isn’t a ton of empirical data, but thanks to our friends at PayScale (www.payscale.com), there is beginning to be a lot more evidence around what school really delivers a bang for your buck.   We all know that past performance cannot be a guarantee for the future, but there is a set of trending data that makes it interesting to see what schools in the future will deliver you return on your investment if you choose to take out student debt or your parent’s fork over the cash for a college education. PayScale provides a forecast for the financial return on investment (College ROI) for a bachelor’s degree at public and private colleges through the year 2025. ...

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The Rising Cost Of A College Application

We see so much in the news today about the rising cost of college education and the crushing statistics around student debt.   These sobering figures are giving much cause for consternation around whether the cost of an elite college education is really worth the price of admission.  Just the other day, I shared with a young couple that to put their newborn through a fully funded elite private school education would require them to save almost $1,000 per month!   Although there is much debate about college education, hardly at all does anyone discuss the costs of just applying to get to that college education.   With application fees being another boon for colleges, here are some smart money moves figures you need to plan for within your family budget as your child prepares for the application process. Application Fees– With a school like Harvard that received over 35,000 applications @ $75 a pop, it represented over 2 million in application fees ...

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One Great Gift Idea For The College Football Playoff

With less than two weeks to go until Christmas, you might still be looking for a great stocking stuffer or gift especially for that avid college football fan.   This year will be the first National College Football Playoff with Alabama, Florida State, Oregon, and Ohio State, and there is sure to be much hoopla and hype coming up for New Year’s Day. Whether you use this as a holiday gift or just pick this up yourself for a New Year’s Day party, it is a must to check out FANPANS (www.fanpans.com). FANPANs came about after realizing no one was producing customized baking products for dedicated college football fans.   Started by Courtney Hoffman, she shared with me how the company got off to such great growth. “As a Tennessee grad, we started with a big power T cake.  We followed up with ice cube trays, then muffin pans, then the line was born.” FANPANS has some really cool products for the ...

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Save Big, Save Little for College

For many of us, one of the biggest expenses that we’ll have is paying for our own or our child’s college education. Personally, I knew that I wasn’t going to have a “Free Ride” during college. Although I played Division III college basketball, I still maintained 4 jobs in college and used the tutoring services so that I could qualify for as many academic scholarships as possible and to pay down some of my student loans before I graduated.  According to the College Board, statistics show that over the past 30 years the average annual increase for college tuition has ranged from 3-5% above and beyond inflation(Consumer Price Index). I recently had the chance to interview Mandy Ginsberg, CEO of Tutor.com/former CEO of Match.com, about the different ways to help students save and pay for college. Below are a few tips that Ginsberg shares with our readers. “Save Big” Ginsberg says. Many people transition from paying for day care to ...

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Your Freshman Year In College Taught You Key Lessons About Saving Money Today

Every person who went to college has some crazy story about something ridiculous they did during their freshman year. At least one of you reading this story took down a neighboring street sign and somebody else can only remember parts of their inaugural spring break trip. If you are finding it difficult to recall just what you learned in your college courses, perhaps there is some practical life advice that could be learned to get your family spending plan in realignment. Is it possible that your freshman year in college was a lesson for saving you money today? Here are five things I’ll jog your memory with if you need to get a plan going as 2014 is right around the corner. You cooked ‘cheap’ meals which you would surely turn your nose up at eating today– Did your diet consist of family size portions of spaghetti, instant noodle soups, and day old pizza? What kind of money could you ...

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