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
Jewelry designer Joseph Koll, who recently opened a store in Destrehan, says he’s...
Following a high-speed police chase that ended with crashing in a ditch in Luling...
Destrehan simply had no answers for Landry-Walker. ...
Three St. Charles Parish Public School students were named as district Students of...
Saturday’s election isn’t expected to draw the record number voters of November’s...
Perhaps shining even brighter than the Christmas lights going up these days in...
Over 25 Years of Quality Sales, Service and Repairs on YAMAHA, MERCURY, EVINRUDE and JOHNSON Motors.
Lakewood student-teacher offers lesson on government - 1358 views
Lakewood Elementary student-teacher Lydia Chiasson at work.