The Expense of Living On Campus vs. Off Campus

The Expense of Living On Campus vs. Off Campus

You’re getting ready https://getbadcreditloan.com/payday-loans-in/spencer/ to embark on an exciting new journey: moving away for college. This often comes with a big decision, and you should keep the financial pieces in mind how do the expenses of living on campus compare to off-campus living? There’s no easy, straightforward answer to this until you explore and compare all of the available options in the town you’re moving to.

1. Renting an apartment vs. staying in a dorm.

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It can be difficult to determine immediately whether dorm room costs or apartment rent would be higher because this really varies from one city to the next. In some cases, it can be difficult to find a nearby apartment that comes close to the prices that are offered at on-campus dorm rooms. On the other hand, many college students find that dorm rooms cost about the same as, or even more than, nearby private apartments. You’ll need to compare these costs in the town you’ll be moving to but also take other things in consideration, too. For example, if a dorm room costs the same or more, but saves you a long daily commute to class, the convenience could be worth it. A potential compromise: some schools offer off-campus housing in traditional apartment buildings that are just minutes away and with special student pricing.

2. Roommates and housing options.

If you’re living off campus and looking to save money, you’ll likely want a roommate. Continue reading “The Expense of Living On Campus vs. Off Campus”

The Effect of Student Loans on Parental Views of Education Financing

The Effect of Student Loans on Parental Views of Education Financing

Executive Summary

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  • College costs are increasing, and most students need to? save or borrow to https://getbadcreditloan.com/payday-loans-in/spencer/ pay for education. Outstanding parental debt may affect the decision about how to fund their children’s education.
  • The purpose of this research is to investigate whether parents’ own student loan balances affect their decision to save for their child(ren)’s college education via tax-advantaged education saving vehicles and if their debt affects their decision to take out loans on behalf of their child(ren) for educational purposes.
  • According to this study, parents who are paying off their own student loan debt are less likely to invest in tax-advantaged accounts for their children’s education.
  • For financial planners, this research highlights the importance of advising parents who may have their own student loan debt to start saving in tax-advantaged vehicles early.

Terrance K. Martin Jr., Ph.D., is an assistant professor at the Woodbury School of Business at Utah Valley University. He is also the founder of Tranquility Financial Planning and a professional speaker. His research interests include the value of financial advice and financial education.

Lua A.V. Augustin, Ph.D., is an associate professor at the Eberly College of Business at Indiana University of Pennsylvania. Her research interests include financial literacy and credit management. Continue reading “The Effect of Student Loans on Parental Views of Education Financing”

No credit rating cash loans usa. Sensation loans

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Actually, these include a mechanism for payday organizations to pull long-lasting value from unwitting buyers through irresponsible loaning and debt collection tactics. Finest low-value interest personal loans for debt consolidating no appraisal of creditworthiness pay day loans usa lending gauranteed affirmation, rapid mortgage calculator rapid assist funding. Continue reading “No credit rating cash loans usa. Sensation loans”