MoneyWisdom Blog

Save for Retirement While Paying for College

Posted by Hanscom Federal Credit Union on Jul 13, 2016 11:21:17 AM


Student loan debt is the enemy of many millennials, but it’s becoming a problem for some older Americans, too. According to the Federal Reserve Bank of New York, nearly 17% of student loan debt is currently held by borrowers age 50 and older. For many of these borrowers, this student loan debt is money borrowed for their children’s or grandchildren’s educations.

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Topics: Student Loans, Retirement and Investing

College Debt: Keep It in Check

Posted by Moneywise Newsletter on Jun 26, 2015 8:59:56 AM

Move over credit cards – college debt is now the No. 1 source of consumer debt in America, according to data from the Federal Reserve Bank of New York.

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Topics: Student Loans, Money Management, Financial Education, Debt, College

Essay Help! Tips for Writing a College Application Essay

Posted by Moneywise Newsletter on Jan 27, 2015 10:00:00 AM

Getting into a good college takes a lot of hard work and dedication. One of the last hurdles to admission is the application essay – and it's a great opportunity for you to shine. Here are some tips to help you create an application essay that gives you the best chance at getting into your top school.

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Topics: Student Loans

Tips for Finding Your First Summer Job

Posted by Bill Burpeau on Jun 12, 2014 7:30:00 AM

Teenagers, being the big spenders they are, need money for a variety of things, such as new shoes or their daily Starbucks, not to mention for their college fund. Fortunately for parents, 67% of teens reported earning their money through some form of job.

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Topics: Student Loans

How to Make the Most of Your Student Loans

Posted by Bill Burpeau on Feb 26, 2014 4:30:00 PM

Saying there are positive points to consider regarding student loans is almost like rooting for the villain in a movie. Or hoping the long suffering underdog gets crushed. Or proclaiming a dislike for cute kitty pictures. It’s just not a popular move.

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Topics: Student Loans

What's the best way to manage the FAFSA process?

Posted by Bill Burpeau on Jan 17, 2014 4:30:00 PM

It’s that time of the year again: you’re sitting tight, waiting for those admission letters to roll in, and your worries start to shift from whether or not you’ve been accepted into the college of your dreams to whether or not you can afford to attend in the first place. Financial buzzwords flit around your brain — FAFSA! EFC! Grants! Loans! — and you feel your stomach begin to sink. But don’t let the process intimidate you. We can help you untangle the complexities of financial aid with these ten tips.

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Topics: Student Loans

What do I need to know about the FAFSA application process?

Posted by Bill Burpeau on Jan 15, 2014 5:00:00 PM

Congratulations! Your child has been accepted into (I hope) his first choice college and is busy making plans about decorating the dorm room, meeting cool new people, and signing up for interesting classes.
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Topics: Student Loans

7 Habits of Financially Successful Teens

Posted by Bill Burpeau on May 8, 2013 1:00:00 PM

Let's face it – life can get hectic! Teens face daily pressures at school, from friends and at home. Parents worry about kids growing up too fast and the financial stress of how to pay for college. So what can you do to help your teenager stay on track? Share the following tips with your teen and try making some of them daily habits for the whole family.

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Topics: Student Loans

Learning the college application process - are you ready to apply? (Update)

Posted by Bill Burpeau on May 1, 2013 1:59:00 PM

Is your child applying for college this year?  Register for a Free Financial Aid Webinar with Ken O'Connor* of  CU Student Loans. This weekly “College Planning Night” webinar reviews everything you need to know about choosing a school and paying for it. Get the most out of what financial aid can offer and get the inside scoop on how Colleges award scholarships all in one webinar. Register today!  Webinars are available for May 1, 8, 15, and 22.  All webinars are from 4 to 5pm EDT.

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Topics: Student Loans

Learning the college application process - are you ready to apply?

Posted by Bill Burpeau on Feb 26, 2013 3:08:00 PM

Is your child applying for college this year?  Register for a Free Financial Aid Webinar with Ken O'Connor* of CU Student Loans. This weekly “College Planning Night” webinar reviews everything you need to know about choosing a school and paying for it. Get the most out of what financial aid can offer and get the inside scoop on how Colleges award scholarships all in one webinar. Register today!  Webinars are available for February 27, March 6 and 13.

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Topics: Student Loans

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