A Comprehensive Guide to Educational Finances



Welcome to our guide to educational finances! We here at Money Economics understand that school is difficult as is, and that you don’t need more stress paying for your education. That is where we hope to help! We are passing down some of the tips we have learned because,

We wish we knew this when we were going through school!

A majority of the information you attain from this guide will help both students and the parents alike. Our aim is to provide financial assistance information to current high school students, undergraduates, graduate students and recent college graduates. Finally, our guide also aims to lend a hand to parents who have children under the age of 12 in designing a plan to pay tuition.

You may choose to read this entire tutorial, but we catered information specifically to be relevant for people in particular walks of life and categorized them by subject.

To find an article relevant to you, you will want to use this chart that indicates the grade level of student it caters to:

Codes for Relevance to Educational Stage
BH Before High School
H During High School
SH Senior Year of High School 
UG Undergraduate/Graduate School
AG After Graduate School

There are approximately 19,126,000 enrolled college students in the U.S. (2010 figure, per the Statistical Abstract of the United States.) Money Economics understands that paying for tuition can be difficult, but it is one of the best investments you will ever make. We hope to reach out to you as you go through this journey to give you what we know and hear your's as well.

We are open to your feedback and questions. In fact, we encourage you to voice your opinions! There are two ways you can interact with us.

  1. We have enabled the comment application after reach article.
     
  2. There is a forum for you to post your questions and comments as well.

We wish you luck!

1. Saving up for Education
(BH, H, SH)

1. Introduction to Saving for Education
2. 529 College Savings Plans
3. Education ESA’s (a.k.a. Coverdell ESA's)
4. 529 Plan and Coverdell ESA: FAQ
5. 529 vs. ESA
6. Credit Card Rebate & Loyalty Programs
7. Savings Social Networking Programs
8. College Savings Bank
9. Savings Bonds
10. Prepaid Tuition Savings Plans
11. 2503(c) Minor's Trust
12. UGMA & UTMA Custodial Accounts
13. Crummey Trust
14. Variable Life Insurance Policies

2. Free Money: Grants and Scholarships
(BH, H, SH, UG)

1. Introduction to Free Money
2. FAFSA
3. Federal Grant Programs
4. Federal Work-Study Programs
5. Scholarship Resources
6. Effects of Scholarships on Financial Aid

3. Loans
(SH, UG, AG)

1. Introduction to Loans
2. Federal Stafford Loans
3. Federal PLUS Loans
4. Federal Perkins Loans
5. Private Loans
6. Loan Options Compared
7. Consolidating Your Loans
8. Cancelling Student Loans

4. Other Tips, Tricks, & Important Discussions

1. Lowering Tuition Through Course Credits (H, SH, UG)
2. Gain In-State Residency Status (SH, UG)
3. Residency Requirements For Each State (SH, UG) 
4. Financial Aid for Varying Schools (SH, UG)
5. Lowering Your EFC (SH, UG)
6. Returning and Adult Students (UG, AG)
7. Financial Aid for Those Who Served (UG, AG)
8. Tips on Saving For College (H, SH, UG)
9. Tips on Savings In College (H, UG)
10. Changes on Education (2009) (BH, H, SH, UG, AG)

 


  


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