Most people today are scrambling around trying to figure out if they should spend money on vacation or even eating out. The way this economy is going it has even the more flamboyant with their money in conservative mode. We work hard all week and even put money into our safe or not so safe 401K plans and await the results. We want to retire early but most of us need a part-time job even with our pension plan. When we were younger it was engrained in our thinking to go to college and a secure a job and everything will be fine. This is a myth for some and works for others. However once the children come the nicer mini-van, the larger house, the dogs, and the college education for the children we are at a bump in the road. While in panic mode some of us work more hours if our company permits overtime while others pick up a second job to satisfy the difference. The only problem with this solution to our financial burden is now we may be able to pay our bills but we have no time in our schedule to enjoy those around us. This predicament really forces us into a plan B. We start to think of investments and how they could pay us the rest of our lives and the rest of our children's lives. Now we are on to something pretty remarkable.
In a good economy the stocks and bonds were a great place to put our money and now that is risky. Every investment requires some risk so we keep looking and searching for one that will pay us years ahead. Another option is being a business owner, but then there is overhead and employees to tend with and the risk of it failing. We could even go back to School yet when we so that the cost of our education and working two jobs just doesn't work at this phase in our life. Our families and all the added responsibilities of adulthood this combination is a far stretch. Real Estate is another option to invest in yet the way the market is going and the interest rates that vary one never knows the right time to jump in. Yet what if you owned multiple properties and had rental income every month going into your bank account. Two and three families could end up being a great decision to secure you for the future. Another option is being an affiliate to promote another's website and everyone you sent there who bought you received some kind of credit. This kind of system set up correctly with the right coaching and some discipline on the affiliate's part could be very profitable.
Finally, if you could figure out your next investment wouldn't it be wise to start today while we see this economy not improving and it needing to be you as your own advocate to stir up the pot and get your lifetime profits each month because we all deserve to be happy!
Copyright (c) 2009 Laurie Noepel
The average costs for college today, including room and board, miscellaneous expenses such as books and supplies and credits for a degree and no repeat courses, are as follows: - Private College: $ 33,301 - Public College: $ 16,357 - Out of State Public College: $ 26,304 - Inflation rates for college costs is usually higher than that of the cost of living. The rate presently averages between 5 and 8 percent.
However,there are some universities offering students an advantage, including the University of Pennsylvania, where families with incomes less than $40,000 per year will pay no tuition, and no room or board. Penn accepts students based solely on academic and other strengths, not on families' ability to pay. And despite the current economic crisis, they remain steadfast in this commitment to educate the best and brightest young people, regardless of economic background.
The same report also said that during 1982 to 2007, the median family income rose only 147 percent. Furthermore, students borrowing money for college tuition has more than doubled in the last ten years, and yet kids who are from lower-income families typically receive smaller grants from the colleges that they attend. This is not so for the students who come from families that are more affluent.
A recently released report from the College Board says most students can expect to pay this year, on average, from $108 to $1,398 more than last year. for example, a private four-year achool is $25,143 which is up 5.9 percent compared to one year ago and a public four-year school is $6,585, up 6.4 percent from last year.
About 56 percent of students enrolled at four-year colleges or universities attend institutions that charge tuition and fees that are less than $9,000 per year.
While 38 percent of full-time students enrolled in public four-year universities attend institutions that charge tuition and fees between $3,000 and $6,000.
It seems that private four-year institutions have a bigger range of tuition and fee charges. About 9 percent of all students attend colleges with tuition and fees totaling $33,000 or higher each year.
The College Board website also states that there is more than $143 billion in financial aid available. Despite college price increases most families agree that a college education remains an affordable option in their budgets.
Both Laurie Noepel & Kristin Gabriel are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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