#college

I choose an expensive college and now I’m in too deep, what do I do?

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I choose an expensive college and now I’m in too deep, what do I do? I decided to go to an expensive private college that is not well known. (I know it was a stupid decision but I just turned 17 when I got accepted) I am doing my best to make costs low, my tuition for my soonest degree completion will be $100,000. I have no idea how im going to pay this off. I chose a somewhat sensible degree (economics), however…

Reddit Personal Finance 1.0k 2024-07-10

37k a year worth it for college?

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37k a year worth it for college? I’m not sure this is the right subreddit to ask about this but I will anyway. I am starting as a freshman at UMN Twin Cities this fall and I am expecting to pay $37k per year. I am an in state resident. I am part of the group whose family makes enough to not get any aid but not enough to comfortably afford college. I only received a $5500 loan f…

Reddit Personal Finance 1.3k 2024-07-09

Should I stop 401k (no match) while I’m going to college and working part time to pay off debt?

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Should I stop 401k (no match) while I’m going to college and working part time to pay off debt? I’m going to school this fall, I’ll be going to school full time and working about 20 hours. I’m utilizing my GI Bill and my VA disability, so between that I’ll be making $3200. With going part time I’ll be making ~$4000 a month take home and have $1200 left over after ALL of my expenses. I have $19,535 in total debt: $1241.68 credit card (11% i…

Reddit Personal Finance 1.0k 2024-07-05

Should I do a 529 plan for College

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Should I do a 529 plan for College My son will be going to college in February 2026. We have a couple thousand in savings bonds and a couple thousand in cash, maybe $4000 total which I was thinking to convert to something to invest for his college. However, since it’s only 2 years away not a long time to invest, what should I do? 529 account? Just a high yield savings 4-5%? Combi…

Reddit Personal Finance 814 2024-07-04

Financial advisor for college students?

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Financial advisor for college students? Looking for a financial advisor as a college student for student loans, debt relief, and advice. I have banking with BOFa, Chase, Logix, and AMEX (Hys.) What company would one recommend for meeting with an advisor? submitted by /u/chocolatechip1233

Reddit Personal Finance 1.1k 2024-07-02

Family benefactor offering help with college tuition

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Family benefactor offering help with college tuition I’m not sure if this is the right place to post so apologies if not. We are parents of a high school junior in the US who will be applying to college. He is a fantastic student, 4.0, top 2% of his class in a large, competitive school, lots of clubs, activities, and volunteerism. Our AGI is around $125k annually. We have less than $10k in savings…

Reddit Personal Finance 793 2024-06-27

Does it make more sense to finance college or pay up front?

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Does it make more sense to finance college or pay up front? Hello all. I’ve gone back to college while still working. I have the money (around 30k total) to pay up front, but am leaning more towards taking out the 5.5% federal loans. Almost all of my money is in VTSAX which has been really good in the last 2 years and is relatively safe as a mutual fund. Disregarding the previous 2 years returns and just…

Reddit Personal Finance 538 2024-06-23

College Grad, New Job, In Need of 401K Advice.

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College Grad, New Job, In Need of 401K Advice. Hi guys, as the title says, I’m hoping to gain some advice as to the best 401k planning. The current job is offering 50% match up to 6% (which I understand) but I can’t seem to grasp what an “annual retirement contribution of 7.3% made to your account after one year of service” means. I also have around 15k of student loan (interest accrues star…

Reddit Personal Finance 472 2024-06-22

if I will graduate college debt-free and don’t have much to spend on right now, what do I do in the meantime?

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if I will graduate college debt-free and don’t have much to spend on right now, what do I do in the meantime? as the title says. im a 20F black immigrant and my family was pretty poor when we first came to the US. we’re better off now but still working class. despite my parents always calling me stupid, i managed to graduate high school with an associates degree (my back-up plan to save money if i didn’t get much financial aid for college). fortunately,…

Reddit Personal Finance 1.2k 2024-06-22

As a college student should I take a small vacation?

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As a college student should I take a small vacation? I start college in a few months and I was thinking of taking a small vacation somewhere during winter or spring break but I dont know if its a good idea. I was just thinking of going to a beach somewhere for 4 days but im having a hard time finding a good place. I live in the northern east coast theres nice beaches but i never really been to a …

Reddit Travel 563 2024-06-20

How to minimize taxes on small business as a college student?

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How to minimize taxes on small business as a college student? One of my small businesses (service based) has recently picked up a golden client paying around 7k/week. This is life changing money for me as a college student. I’m seeking advice on how to minimize taxes, and invest intelligently. This is a cash based business. submitted by /u/Throwawa274926492917

Reddit Personal Finance 534 2024-06-19

Should I get a car for college since I can get a 0% interest loan?

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Should I get a car for college since I can get a 0% interest loan? I have the opportunity to buy a car thanks to my grandpa willing to help fund the cost of a vehicle. The loan that he is willing to give me has the first $10000 as a gift (so I don’t have to pay the first 10k back), with anything over as a 0% interest loan to him (I don’t have to pay this back immediately, but I would have to when I have suffici…

Reddit Personal Finance 784 2024-06-16