College Finance

Wall Street Slump Hits College Funds

When it comes to Wall Street's 40 percent fall this year, the worries of some aging baby boomers extend beyond their 401(k) and IRA accounts. Americans had $101.7 billion invested in 529 college savings plans as of Sept. 30, down from $110.6 billion at the end of June, according to the College Savings Foundation.


Schumer Wants Student Loan Market to be Protected

Sen. Charles Schumer says particular attention needs to be paid during the current financial upheaval to make sure the student loan market is protected from the credit crunch.


Parents Saving Less for Kids' College Education

Parents are saving less for their children's college education this year than last year, and more people have saved nothing at all, according to the survey by the Washington-based College Savings Foundation. Estimating that tuition and board will increase 5 percent annually, the projected cost of college in 15 years will be more than $100,000 for a four-year public college and more than $200,000 for a private college. The nonprofit foundation has suggested some potential solutions for parents faced with the shock-and-awe of such crushing numbers.


How to Go to Business School for Free

Many business school applicants figure their essay writing is done when they learn they've gotten into one of the top business schools. Not so fast. With tuition for a top MBA program averaging $150,000 for two years, and nearly 90% of students taking out loans, business school is increasingly becoming a more expensive proposition. Yet every year, a highly selective group of students manages to snag a full-ride scholarship or fellowship. Here's the scoop.


Children are Expensive From the Word 'Go', But Financial Planning Makes a Difference

Financial planning is important even before the baby's arrival. Births are very costly, of course: a typical, uncomplicated pregnancy costs about $14,000, with between $1,455 and $7,884 coming out of parents' pockets for non-Caesarean births. Parents-to-be often overlook the career decisions necessary when planning a family, even immediate, short-term issues like whether the mother's employer pays during maternity leave. Here are some examples of how to get your ducks in a row.


Best 529 Plans Ranked by College Savings Site

If you're looking to pick a 529 college savings plan, you might want to check out options offered by West Virginia or Nebraska, which were among the top performing plans in the past year. SavingforCollege.com, a unit of Bankrate Inc., on Friday will release its rankings for top performing plans that were sold directly to investors.


Hispanic Scholarship Fund: 'Speaking the Language of Business'

By awarding a whopping 82,000 college scholarships worth more than $221 million, the Hispanic Scholarship Fund may be breaking all records for nonprofit success. Founded in 1975 to boost college education among U.S. Hispanics, the fund has changed the lives of tens of thousands of Hispanic students. As the nation's preeminent organization supporting Hispanic higher education, and one of Hispanic Business magazine's Top 25 nonprofits, the fund reportedly is a model of efficiency and results.


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