College Savings / Student Loans Questions
Bright Start — still against it??
Do you still not recommend using the Illinois Bright Start program? Terry Says: You can start a 529 savings/investment plan using...
ROTH IRA features for children vs 529
I would like to set up a ROTH IRA for my grandchildren. Can they later on take the money out...
college loans
My kids need to get a loan for college this year. Hopefully we can pay it off quickly. Where is...
529 Plan on FAFSA — which (divorced) Parent should be custodian?
Hi Terry, it was good to see your article discussing the FAFSA today. My daughter is a freshman...
Coverdell ESA tax free distributions?
I would like to know if any of the following expenses are reimbursable (tax free) from a Coverdell ESA? SAT/ACT...
Tax on non-educational withdrawal Bright Start program
Hello, We withdrew funds from our four grandchildren's Bright Start account. We used the money as a down payment to...
taxes on a college savings account?
I have College savings accounts for my two grandchildren totaling about $133,850 together. Since I am in my upper 80's,...
FAFSA and parental privacy
Hi Terry. I just read your BLOG posting about FAFSA and Family via Huffington Post. You are the first person...
Recent college graduate filling out forms to payback student loans
Where should we look for how to fill out the online questions for my son to repay his college loans......
College Illinois prepaid tuition program
We have paid for the college Illinois plan in full Our child is within 7 years of entering college. Do...
Financial Planning for College, Money in Children’s savings acct?
All my kids have savings accounts, but as you know they earn nothing. I was thinking of closing the accounts...
Best student loans and not the greatest credit
We had a business that failed, so I don't have the best credit. I'm returning to school and will need...
adjustable or fixed rate student loan
Hi Terry, Our oldest child is going to be a sophomore in college. He attends a highly-selective school and received...
Defaulting on CollegeIllinois payments.
I just quit my job and can no longer make CollegeIllinois! payments. How do I get out of the contract?...
Student loan
What was the link you mentioned on WGN for student loan forgiveness? Thank You Terry Says: Use this link and...
student loan responsibility: parent or student?
Terry, whose responsibility should it be, the parent or the student, when repaying parent plus portion of the total student...
College Illinois follow up
Some people are telling me to pull the money out of college Illinois and put it into college savings plan...
wills
I need advice about preparing my will? I have very few heirs...no husband and no children... but I wish to...
Student loans
HI Terry! I have been watching you on WGN in Chicago a few times and I love your advice. My...
Student loan consolidation
My daughter is trying to consolidate her $40,000 is student loans. Any advice? Terry Says: Lots of advice -- but...
