MONEYTALK with Al Suffrin
Are student loans the way to go for college?
She wants to major in English, but doesn't want to be teacher. I am concerned that in the long run, when she completes her college education, she will not be able to find a job that will give her the financial stability needed to repay these loans.
Her father and I can't afford to pay for college and think that because she is undecided on a career path she should just enter the work force.Are student loans always a good deal for a college education? - Undecided in Ama
Dear Undecided: Student loans are a good deal, provided your daughter is aware of the future financial costs.
Student loans will cost your daughter interest payments in addition to the borrowed principal. The interest cost will vary from 4 to 6 percent annually.
If your daughter will not be financially sound to pay these costs, then she should look at working and paying her way through school.
Another option would be to not claim her as a dependent on your 2006 Individual Income Tax Return.Have her apply for a Pell Grant. With a Pell Grant, she would not have to pay it back.
Students' questions about finances answered - only in the St. Charles Herald-Guide. Financial expert and school board member-elect Al Suffrin, a certified public accountant, takes on the tough questions from parish kids- and their parents - in an important weekly column everyone should read.
Send YOUR questions to: firstname.lastname@example.org or write: MONEYTALK, P.O. Box 1199, Boutte, LA
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
Lady Tigers, Wildcats place 12 on
All-District 1st Team, 2 on 2nd Team...
After finishing last season 14-1 and losing a host of key players to graduation,...
Although Randall “Randy” Harvey had an idea he might be named Destrehan High School...
Domestic violence cases have more than doubled in St. Charles Parish this year,...
A St. Rose man has received a mandatory sentence of life in prison for the 2012...
Ashlyn Frahm is this year’s salutatorian for Destrehan High School (DHS)....
Rooster Comb Barber Shop is an Old Fashioned Barber Shop with highly skilled barbers that were taught by Head Rooster himself (Alvin Boe). Family owned and operated, three generations strong! Walk ins welcomed.
Wounded vet will be welcomed to Luling with a new house - 1566 views
Ashton Plantation subdivision should have a new resident by Christmas thanks to Destrehan builder Larry Tyson of Tyson Construction, his family and a few other good Samaritans.