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
When Stephen Vial noticed the bright, yellow collection box bearing the name...
Calling it a long overdue project for Luling, Cory Savoie praised St. Charles...
St. Charles Parish Public Schools ranked as third best district in Louisiana by the...
With four residential development projects in the works, the housing market is...
Anthony “Pooka” Williams followed up on his breakout sophomore campaign with an...
Renaming Preston Hollow Road after gospel singer Rowena Smith isn’t only a...
Over 25 Years of Quality Sales, Service and Repairs on YAMAHA, MERCURY, EVINRUDE and JOHNSON Motors.
Lady Cats stay unbeaten, surge to Sugar Bowl championship - 1482 views
Time was running out for Destrehan to come back in its Allstate Sugar Bowl National Prep Classic championship game against John Curtis, down 10 with less than four minutes remaining. And yet in the end, there was more than enough remaining for the Ladycats to turn up the heat and secure the win.