by michaelrapparocklinca | Aug 8, 2022 | Finance, Michael Rappa
In 2015, the average student graduated from college with $28,950 in student loans. By 2016, the number was over $37,000. This kind of debt puts plans on hold, such as getting married, buying a home, and having children. In addition, it carries a high risk of default,...
by michaelrapparocklinca | Jul 2, 2022 | Finance, Michael Rappa
Becky Blake went against her parent’s advice to go to a less-expensive state university to go to a private university out of state. When she graduated, she had $98,400 in debt from student loans. With interest, some of it high, the balance would grow over time....
by michaelrapparocklinca | Jun 3, 2022 | Finance, Michael Rappa
According to the DC think tank Bipartisan Policy Center, student loan debt has increased dramatically since 2007. In fact, more than 45 million people owe around $1.7 trillion in debt, and the likelihood of default is increasing. If this happens, the federal...
by michaelrapparocklinca | May 4, 2022 | Finance, Michael Rappa
Although nearly all parents believe that college is an investment in their children’s future, they don’t always have a plan to pay for it. Planning ahead of time reduces stress and helps students know what their options are. If you have money saved, it saves on...
by michaelrapparocklinca | Apr 1, 2022 | Finance, Michael Rappa
If you are applying for financial aid, you need to do it as soon as possible. This allows you to plan ahead and know what your expected financial contribution will be. This way, you will be able to determine whether you should make an installment plan for tuition, and...
by michaelrapparocklinca | Mar 5, 2022 | Finance, Michael Rappa
When you finish college, it might be overwhelming to look at the sum total of your student loans. Many people wonder how they will ever pay them off. However, with a little strategy and planning, you can implement a plan that allows you to pay it off more quickly....