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!
A bill that would allow teachers and school administrators with concealed carry...
Employees of Home Depot, along with members of the Veterans of Foreign Wars Post...
A man who is believed to have attempted to kidnap a 17-year-old girl from a Boutte...
On a recent trip to Lake Cataouatche and the Salvador Management Area, Chris Loupe...
A 2002 BMW, 1999 Mercedes ML3 and a 2007 Ford F150 are among the 29 vehicles that...
Around 50 children and their parents shuffled in through the doorway at the...
Today's Car Care is the name people trust when it comes to outstanding tires and automotive service in the River Region and beyond.
Suspect captured in attempted kidnapping in Boutte - 930 views
A man who is believed to have attempted to kidnap a 17-year-old girl from a Boutte parking lot at gunpoint has been captured.