October 16, 2012 |
Republican presidential challenger Mitt Romney referred to a plan to give Massachusetts students a “tuition free” education at state schools. He is correct that it covers tuition, but students did not get a free ride. Fees, for example, and other costs were not included. Also it's worth noting that Massachusetts is a relatively high tax state, with more funding for public education. The former Massachusetts governor also referred to supporting Pell Grants, which are federal funds that support the education of the lowest-income students.
February 19, 2012 |
Dear Liz: When my cousin and I were children more than 20 years ago, my grandparents opened a college savings account for each of us. I have no idea what kind of account this was, or where it was located. My grandfather passed away a few years later. While I was in high school, my grandmother informed me the investments had not done well, and she was closing the accounts. I received a check for $500 at high school graduation that was supposed to be the balance of the account. I assumed my cousin received the same, until she recently posted on a social networking site she was thankful her grandmother started a college fund when she was young that covered the entire cost of her education.
January 22, 2012 |
Dear Liz: I have a high-interest car loan (more than 10%) and just landed a part-time job to add to my full-time cash flow. I want to pay the car off as quickly as possible, but I have read and been told that paying a loan off early doesn't help scores as much as paying the duration of the loan. Is there truth to this? It seems foolish, though, since won't I be paying more interest? Answer: The primary concern with paying off a loan is that the lender may stop reporting the account to the credit bureaus.
CALIFORNIA | LOCAL
September 3, 2011 |
Heavynle Ceasar headed to New York for college last week. She took one big suitcase, a tiny heart-shaped pillow for the flight and the boundless good wishes of countless strangers whose gifts are helping ease her passage through grief. Heavynle is the Lawndale teenager I wrote about in June after she lost both her parents in one torturous moment: One week before her prom, two months from graduation, Heavynle's father shot her mother to death and then killed himself in the family's condo.
June 14, 2011 |
Families investing in California's college-saving plan soon may have lower average fees and a new lineup of fund options. The state board that oversees the ScholarShare program selected investment giant TIAA-CREF, a big manager of retirement accounts for teachers and others working in education, to manage the so-called 529 plan. The New York firm would replace Boston-based Fidelity Investments. Fidelity did not submit a bid to continue running ScholarShare, which has assets totaling $4.4 billion across 291,000 accounts.
CALIFORNIA | LOCAL
February 27, 2011 |
I grew up in an apartment house owned by my grandfather in downtown Pittsburg, Calif. No, there's no "h" at the end of Pittsburg. We did it our way up there in Contra Costa County, an hour east of San Francisco. Neither of my parents went to college, but we always did just fine because my dad had union jobs that paid a living wage. He drove trucks for milk and bread companies, and later worked as a candy and tobacco salesman. When I was 7, my parents moved my brother and sister and me out of the apartment because they'd saved enough for a down payment on the house my mom and dad still live in. I always had part-time jobs growing up, but when I went to San Jose State, my parents paid my tuition and the bulk of my room and board.