Many employees have children either attending college this fall, or who will be attending next fall. This week’s column presents a back to school “checklist” for these parents, including when to apply for financial aid, taking advantage of the education tax credits, contributing to 529 college savings plans, and increasing the limits of coverage on homeowner insurance policies.
The cost of a college education has skyrocketed in recent years. With this increasing cost, there has been an explosion in student loan debt, which now ranks behind mortgage debt as the largest consumer debt. This week’s column discusses what student loan borrowers should and should not do with respect to consolidating their federal government-sponsored and privately sponsored loans.