Your Money adviser (The New York Times) Tips for College Graduates Making Their First Loan Payment. By Ann Carrns, Nov. 1, 2019 Make sure you know how much you owe and to whom. Then, look at your payment options. “Student borrowers typically get a six-month grace period after graduating from college. For students who earned…
Month: November 2019
Colleges mislead high school student into applying
Numerous reports are coming out with reports that many colleges and universities are recruiting applicants who have no chance of being accepted to their institution. The goal of the colleges is to reduce their acceptance rate, making them appear to be more selective. This process hurts students who may pay substantial application fees to institutions…
How much do you need to retire?
The “Rule of 25” says you should multiply your total annual expenses by 25 to determine how much you’ll need to have saved by the time you retire. So if you plan to spend $50,000 per year in retirement, you’ll need to save $1.25 million. To have $100,000 per year to spend, you’ll need $2.5…