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When I talk about funding college, I proffer the usual advice: Build your family’s financial foundation (pay down debt, establish an emergency reserve fund, and maximize retirement plan contributions) BEFORE trying to tackle college funding; talk to your kid as early as freshman year in high school about what the family can afford; and don’t shortchange your own or your child’s financial future by amassing mounds of debt.
Great conversation on this episode with Jenny from Washington state who is wondering if she and her husband should be putting aside any college money for their baby son.
Have a money question? Email me here.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
We start the show with Linda from New Jersey who is wondering how she should be investing money once retired but still before she starts receiving Social Security. Great question!
Next up was Bob from the Bay Area with another retirement question regarding Social Security and his overall asset allocation.
In hour two we’ve got David Klein and Kelly Peeler from CommonBond, a company that positions itself as a place for simpler, smarter student loans for a brighter future.
While taking out loans for business school, co-founder David found himself asking a lot of questions: Why is the process so confusing? Why is the customer service so bad? Why are the interest rates so high? Isn’t there a better way for people to borrow for school?
Turns out he wasn’t alone as figures now show that students in the U.S. are struggling to pay down over $1.5 trillion in debt.
CommonBond was founded in 2012 to help relieve that burden, and since then have funded over $2.5 billion in better student loans. Their approach is no big secret: lower rates, simpler options, and a world class experience, all built to support you throughout your student loan journey.
Kelly and David firmly believe that student loans should be for fulfilling your dreams, not emptying your bank account. They’re helping you get there by lowering the cost of school and simplifying the process with no more stressful applications or being treated like an account number.
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
Connect with me at these places for all my content:
https://www.jillonmoney.com/
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.youtube.com/c/JillSchlesinger
https://www.linkedin.com/in/jillonmoney/
https://www.stitcher.com/podcast/jill-on-money
https://apple.co/2pmVi50
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
It's the million dollar question: How on earth are we going to pay for college? That's the dilemma facing Camelia in Colorado as her son prepares to leave for school in August.
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
Connect with me at these places for all my content:
https://www.jillonmoney.com/
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.youtube.com/c/JillSchlesinger
https://www.linkedin.com/in/jillonmoney/
https://www.stitcher.com/podcast/jill-on-money
https://apple.co/2pmVi50
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
In this week's Eye On Money, we are focusing on the growing number of student loan scams. As many families deal with college financing this summer, the Better Business Bureau reports an increase in fraudulent texts, emails and voicemails about loans. I joined CBS This Morning with what families need to know to avoid these scams.
Almost two million Americans will graduate this year with a bachelor’s degree, but each student will have an average student loan debt of more than $33,000. I joined CBS This Morning to offer tips on what college grads and their families need to prioritize, and how it's "dangerous" for parents to dip into their own funds to help their kids pay down debt.
Student loans can financially cripple students as they prepare to enter the real world. But it seems that more and more we’re hearing about parents also being burdened with ridiculous amounts of student loan debt.
Why is this happening? You can thank the Parent PLUS Loan, something that Barry from New Jersey is unfortunately very familiar with.
In hour two we’re sticking with the student loan theme as we’re joined by David Klein and Kelly Peeler from CommonBond, a company that positions itself as a place for simpler, smarter student loans for a brighter future.
While taking out loans for business school, co-founder David found himself asking a lot of questions: Why is the process so confusing? Why is the customer service so bad? Why are the interest rates so high? Isn’t there a better way for people to borrow for school?
Turns out he wasn’t alone as figures now show that students in the U.S. are struggling to pay down over $1.5 trillion in debt.
CommonBond was founded in 2012 to help relieve that burden, and since then have funded over $2.5 billion in better student loans. Their approach is no big secret: lower rates, simpler options, and a world class experience, all built to support you throughout your student loan journey.
Kelly and David firmly believe that student loans should be for fulfilling your dreams, not emptying your bank account. They’re helping you get there by lowering the cost of school and simplifying the process with no more stressful applications or being treated like an account number.
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
Connect with me at these places for all my content:
https://www.jillonmoney.com/
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.youtube.com/c/JillSchlesinger
https://www.linkedin.com/in/jillonmoney/
https://www.stitcher.com/podcast/jill-on-money
https://apple.co/2pmVi50
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
A huge part of the college application process is navigating the student loan landscape. Making a wrong decision can negatively impact you for the rest of your life. I discussed on the CBS Evening News with Mark Strassmann.
The deadline for students to commit to a college is next Wednesday. For many, figuring out financial aid is a key part of the process. I joined CBS This Morning to discuss how your family can get the best financial aid plan, as well as Democratic presidential hopeful Sen. Elizabeth Warren's proposal to eliminate tuition at public colleges.
Have a money question? Email me here.
