College Savings / Student Loans Questions

college funding

I enjoy listening to you on WGN. My children are an incoming college freshman and high school sophomore. We have...

Student loan – can’t pay full amount

Thank you Terry for your response to my student loan question. My loans are through Nelnet and I believe these...

Student Loan

Good morning Terry , I am in the process of repaying my loans. The loan company that I am with...

UTMA Account and College

Terry: In 1995, in the days before 529 plans were created, we established a college savings plan for our first-born...

529 Plans

If the child decides down the road not to attend college but pursue another avenue, what happens to the funds...

Utility Stock and a 529 Plan

Terry, My fiance's son will start college this fall as a freshman, out of state. His grandfather has utility stock,...

Refinancing of ParentPlus loans

Hello Ms. Savage, I read your recent Chicago Trib column on the refinancing of college loans, specifically ParentPlus loans. I...

Illinois College Bonds

28 years ago, my husband and I began purchasing Illinois College Bonds. They were purchased at various prices depending on...

Pre-paid college tution

HI Terry, I caught the last half of your answer on WGN this morning regarding pre-paid college tution. I was...

Student Loans: Using federal loans to pay off private loans

I am a recent graduate and I have secured a job as a teacher in a high need area. I...

student loan — 7 year rule??

need help is there a seven year rule that you do not have to pay your student loan Terry Says: ...

parent plus loans for students

I read your column in the Chicago Tribune on sunday, june 21st on 5 things to know about refinancing student...

Can Parent Change PLUS loan to son’s name?

My son is paying for the Parent Plus loan that we took out for him 10 years ago. He thought...

refinancing student loan

Dear Ms.Savage, I read your column about refinancing student loans in the Sunday Providence Journal (6/21/15). I have two parent...

student loan interest

Circa 2001, if you refinanced a student loan, the interest could no longer be taken as an income tax deduction....

Student Loans after Forbearance

Dear Terry, I am not able to pay my student loan payments with Sallie Mae, not Naviant. I have been...

student loan debt for daughter

Great news today on the ability of students to refinance their loans! Have read through everything. My question is this:...

Student loan refinancing

Where do I go to consolidate both federal and private college loans into one manageable loan. Terry Says:  Please read...

Long-term, high rate, already consolidated student loan!

I HAVE A SCHOOL LOAN FOR THE PAST 18 YEARS AT 7.5% AT ACS. IS THERE ANY WAY I COULD...

Student Loan Refinancing

I have looked for opportunities to refinance my student loans, to no avail. To qualify for services such as SoFi,...

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