How to pay for college Payment Plans VS 529 Plans VS Student Loans

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  • เผยแพร่เมื่อ 6 ม.ค. 2025

ความคิดเห็น • 68

  • @colindeem6091
    @colindeem6091 2 ปีที่แล้ว +1

    Thank you, good stuff on the 529. Class of 2022, Senior at Middlesex High School, Middlesex, NJ

  • @debbiedevery124
    @debbiedevery124 2 ปีที่แล้ว +1

    Wow, must pay attention to those numbers. Thank you. Roxbury high school senior parent here.

  • @barbarasibree-rodriguez5664
    @barbarasibree-rodriguez5664 3 ปีที่แล้ว +2

    Thank you for the very helpful information - Great tip re: Health insurance, if don't need from college, reducing bill and ALL the other items to be aware of.

  • @bozenaz5354
    @bozenaz5354 3 ปีที่แล้ว +1

    Thank you, Class of 2022, Middlesex High School Senior. Middlesex, NJ.

  • @barbarasibree-rodriguez5664
    @barbarasibree-rodriguez5664 3 ปีที่แล้ว +1

    Rewatched this in preparation for our loan meeting - very helpful. Thank you!

  • @randy_g2094
    @randy_g2094 2 ปีที่แล้ว

    Thabk you for all of the information. You really help. My daughter attends Bryant High School in Arkansas, class of 2023. She is wanting to attend Harding University (Architecture). Harding cost for Freshman year will be approximately 32K. Thank again.

  • @jseely126
    @jseely126 2 ปีที่แล้ว

    Very helpful information. Pequannock Townshio HS Class of 2023!

  • @debbiedevery124
    @debbiedevery124 2 ปีที่แล้ว +1

    Wish our 529 could pay their entire tuition. Thank you for the info. Roxbury high school senior parent here.

  • @johnphilip6214
    @johnphilip6214 ปีที่แล้ว

    Ed, thanks for the great information. Will you update this video given the different financial environment we are now in? Interest rate increases have goosed the 529s but driven loan rates up into near double digits. Would love to hear your advice. Love the scholarship idea: my son is the class of 2024 at St. Anthony's HS in South Huntington, NY. Thanks.

  • @jamesdeane2843
    @jamesdeane2843 ปีที่แล้ว

    Your videos are a lifesaver, thanks.

  • @jennifermeola1567
    @jennifermeola1567 3 ปีที่แล้ว +1

    Thank you, Pequannock Township High School Senior 2022

  • @politimikelekis4970
    @politimikelekis4970 29 วันที่ผ่านมา

    Thanks! Columbia HS, Maplewood, NJ Class of 2025. (Is there an updated video on this topic? Will check the videos, and thought I'd ask here too.)

  • @bward76
    @bward76 3 ปีที่แล้ว +1

    Wonderful content for everyone! Thank you for keeping it real :)

  • @lisagordon2632
    @lisagordon2632 2 ปีที่แล้ว +1

    Luv the health insurance tip. Really wish I had started a 529 plan early. Daughter chose a private needs based school so no aid 😩Pequannock Township HS class 2022

  • @Mysr246
    @Mysr246 3 ปีที่แล้ว +1

    Great video, very informative, thank you!
    If I am on my junior year and after FA my balance is less that 1k, but I want to take minny semester classes and FA will not cover those; would it be better to get a subsidized loan than to get a payment plan so that I can have enough $ to pay for those future minny semesters?
    I have no student debt

  • @amyrichards7084
    @amyrichards7084 3 ปีที่แล้ว +1

    Very helpful and clear. Much appreciated

    • @edzamoracollegeprepchannel3820
      @edzamoracollegeprepchannel3820  3 ปีที่แล้ว +1

      Thank you for watching and commenting we are using the videos to create scholarships so the more you watch the more it helps.

  • @2eckert
    @2eckert 3 ปีที่แล้ว

    Thanks Ed, Morris county school of technology 2022

  • @ajlaurid
    @ajlaurid 2 ปีที่แล้ว +1

    Great video. Thank you for the amazing content. If we’re paying from a 529 does it still make sense to use the college’s payment plan if we can? Does it change things if our 529 has taken a hit this year in earnings?

  • @jenfernandez4290
    @jenfernandez4290 3 ปีที่แล้ว +1

    Thank you for your video. How to pay for college Payment Plans VS 529 Plans VS Student L. Ridgefield Park high school Ridgefield Park New Jersey class of 2022

  • @KRVS69
    @KRVS69 2 ปีที่แล้ว

    Please discuss the current high inflation and likely dramatic increase in interest rates over the next 4 years. If 529 plan can pay for 1 or 2 years and high inflation/interest. Doesn't it make more sense to take loan for first year when interest is expected to be the lowest in the 4 year experience than waiting until last year? Also you mentioned interest adding to it but wouldn't that not be an issue if start making payments right away?

  • @sharonang9566
    @sharonang9566 2 ปีที่แล้ว

    I called and told my son have insurance and it's with 5 miles away and there response was still need health insurance through college can they do that

  • @jenniferczepiel5491
    @jenniferczepiel5491 2 ปีที่แล้ว

    Great video. Lots to start thinking about. Pequannock Twp HS Class of 2024

  • @loribarnhard8977
    @loribarnhard8977 3 ปีที่แล้ว +1

    Helpful information. Thank you!

    • @edzamoracollegeprepchannel3820
      @edzamoracollegeprepchannel3820  3 ปีที่แล้ว +1

      Thank you for watching and commenting we are using the videos to create scholarships so the more you watch the more it helps.

  • @gulizaysan7618
    @gulizaysan7618 2 ปีที่แล้ว

    Hi I am a USA citizen living abroad. ı missed extension daedlines for 2021 taxes.. But I have 2020 taxes. should I choose the ' will not file ' option and enter 1040 informations from 2020 manually? or retrieve 2020 info. from IRS automatically? thank you. your video is very helpful.

  • @user-ed1vt4vv1w
    @user-ed1vt4vv1w 2 ปีที่แล้ว +1

    Amazing information

  • @taran986
    @taran986 2 ปีที่แล้ว

    Can you please explain529 vs utma savings for college? I’m reading 529 is better to have and utma goes against ability for aid , and you may or may not be able to transfer money from utma to a 529 plan before doing the fasfa

  • @pattyfazzini
    @pattyfazzini 2 ปีที่แล้ว

    Very informative.

  • @zeebags9885
    @zeebags9885 3 ปีที่แล้ว +1

    Fantastic stuff, thank you

  • @thruefact
    @thruefact 3 ปีที่แล้ว +2

    Please talk about how to maximize free money such grant and scholarships.

  • @kathyluebke3158
    @kathyluebke3158 2 ปีที่แล้ว +1

    The school offered subsidized loan $1227 and $4223 subsidized. Is there a way to increase the subsidized loan?

    • @edzamoracollegeprepchannel3820
      @edzamoracollegeprepchannel3820  2 ปีที่แล้ว +1

      That would be because of lack of need to that college unless your 2021 taxes are lower they can't

  • @LearnAtMyExpense
    @LearnAtMyExpense ปีที่แล้ว

    My son was accepted into the honors program for a college where the NPC estimated a 45k grant but the award letter only has 39k. Is this appealable?

  • @andrealiaci234
    @andrealiaci234 3 ปีที่แล้ว

    Great information! Thank you!

  • @jasondegan3419
    @jasondegan3419 2 ปีที่แล้ว

    here is my question, my senior has been accepted to schools in state and out of state. he is interested in physical education major. we do NOT have much in savings (maybe 2-3 thousand). we have not received any information in regards to financial aid. our house hold income only crack 100k in the last five years. what would you suggest?

    • @jasondegan3419
      @jasondegan3419 2 ปีที่แล้ว

      and we have a junior looking into his future plans too.

  • @lf8366
    @lf8366 3 ปีที่แล้ว +1

    Great video!!!

  • @lindaalgieri7733
    @lindaalgieri7733 3 ปีที่แล้ว +1

    After looking at Sallie Mae...Does it make more sense to select variable apr of 3.37% or fixed 5.49%? I know you said in the video best to find less than 4%

    • @edzamoracollegeprepchannel3820
      @edzamoracollegeprepchannel3820  3 ปีที่แล้ว +2

      With rates likely going up I would look to lock them in now. Variable would be risky know.

    • @edzamoracollegeprepchannel3820
      @edzamoracollegeprepchannel3820  3 ปีที่แล้ว +1

      Also thank you for watching we are using the videos to create scholarships so the more you watch the more it helps.

  • @dawnmousie3398
    @dawnmousie3398 2 ปีที่แล้ว +1

    Hi Ed .... Do you consider DPT a career that warrants student loan debt (40,000 plus a year) Schooling will be 6/7 years.
    Also, once loan is taken out for the year, do you or can you start putting money towards paying off?

  • @randyyi2000
    @randyyi2000 2 ปีที่แล้ว

    Thank u!!!

  • @pbuck3387
    @pbuck3387 ปีที่แล้ว

    This whole process is so difficult to understand. I thought I was someone with average intelligence until my kid needed a loan for college.

  • @cathyd57
    @cathyd57 2 ปีที่แล้ว

    Are colleges going to discount having multiple children in college simultaneously because of new legislation ?

  • @paigemcdonald568
    @paigemcdonald568 ปีที่แล้ว

    What is your audience demo? Who are these rich people? 😆

  • @karendeane7786
    @karendeane7786 2 ปีที่แล้ว

    IHA 2023

  • @janetjackson6055
    @janetjackson6055 2 ปีที่แล้ว

    You talk too damn much too long doing too much

  • @shakibello-botts9295
    @shakibello-botts9295 3 ปีที่แล้ว +1

    Great video!!!