When it comes time for your child or children to attend college, will you be able to afford it? This is a question that is burdening many parents, as college tuition inflation has increased at an alarming average rate of 12% annually from 2010 to 2022, while the cost of tuition even at public 4-year institutions increased 9.24% over this same time period1. Strategically, the simplest solution is to begin saving large sums and saving early, but this might not be financially feasible for younger parents with younger children. And [...]

Yay! I survived college and graduated with that valuable piece of paper that I was able to afford with the help of student loans. Now what do I need to know to pay them off? This is a common question many recent graduates, like myself, have asked. To complicate things further, there's been a lot of action in Washington DC to change the way student loans are paid off. How do I know if any of these changes affect me? And what do I do if they do or do [...]

The Biden administration has announced another extension for repayment of federal student loans to an unspecified date in 2023 due to legal challenges that have blocked the implementation of the student loan debt relief program. The previous payment moratorium was set to expire on December 31, 2022. Under the new extension, student loan payments will resume 60 days after the student loan debt relief program is implemented or the lawsuits are resolved. If the courts have not resolved the issue by June 30, 2023, payments will start 60 days after that.1 LEGAL CHALLENGES [...]