Review of CommonBond: Crowdfunding for Student Loans

CommonBond: Crowdfunding for Student Loans

Crowdfunding has come to the student loan world, and it’s being led by a platform known as CommonBond. Based in New York City, CommonBond is a web platform designed to provide student loans to graduate students. As a for-profit company with a “strong social mission,” CommonBond has funded or refinanced over $200 million in student […]

Published or Updated: August 15, 2015

A Free Service To Manage Your Child’s College Fund

Free Service to Manage Your Child's College Fund

Investing for a child’s education is not for the faint of heart. It’s much harder than investing for retirement. With retirement you have decades to plan, adjust investment choices, and to address any financial mistakes you’ve made. Saving for college doesn’t offer such luxuries. What’s particularly challenging with investing for a child’s education is the […]

Published or Updated: August 3, 2015

6 Websites to Help You Find the Cheapest Textbooks

6 Websites to Buy and Sell College Text Books

Students spend thousands on textbooks. It doesn’t matter what field you’re studying. Literature? You’ve got to buy thirty-five novels for every class. Science or math major? Textbooks for these classes routinely cost upwards of $100 or more. But there are ways to get ahead of the curve on textbooks, and great ways to save money. […]

Published or Updated: July 27, 2015

How to Refinance a Student Loan in 15 Minutes

SoFi Review

SoFi (short for Social Finance) is a peer-to-peer lending platform, not unlike Lending Club. Its primary focus is student loan refinancing. It offers both fixed and variable rate loans of varying terms from 5 to 20 years. It’s grown in popularity in part because it offers some of the lowest refinance rates available to college graduates. […]

Published or Updated: March 23, 2015

529 Plan vs. Roth IRA—How to save for college

529PlanvsRothIRAHowyoushouldsaveforcollege-735x1102-PT

What’s the best way to save for a child’s education? We compare three options–a 529 Plan, a Roth IRA, and a taxable account. Is it better to save for a child’s college education with a 529 plan or a Roth IRA? That’s the question that Dan, a listener to the weekly Dough Roller Money Podcast […]

Published or Updated: April 21, 2015

DR 113: How to Invest in a 529 Plan

Vanguard 529 Map

How should you invest money in a 529 plan? These college savings plans present some unique investing challenges. On the one hand you want the money to grow to at least keep up with the rising cost of college. On the other hand, there is a limited time horizon. Assume too much risk and the […]

Published or Updated: October 3, 2014

5 Steps for Giving a 529 Account this Christmas

Education

Looking for a gift for the kid who has everything? Skip the millionth set of Legos or pair of designer jeans, and give a gift that will truly last a lifetime: a college savings account. Not sure how to go about opening or contributing to a 529 account this Christmas? Take these steps to get […]

Published or Updated: December 20, 2013

The Complete Guide to 529 Plans

Education

A Section 529 Savings Account, 529 for short, is a great way to start saving for your child’s college education. Whether you can save a little or a lot for college, this is one of the best ways to do it, because 529 accounts grow tax-deferred. Need to learn more about 529s? This in-depth guide […]

Published or Updated: December 17, 2014

Planning for College Costs

College Savings

It’s never too early to start thinking about how you will pay for your children’s college education. The process can be complex, but we break it down to help you get a handle on planning for college costs. Set Goals As parents, we have goals and dreams for our children. We want our kids to […]

Published or Updated: September 4, 2013