If you missed NBC’s Today Show – Money 911 this morning, make sure to watch the segment now. We had tons of great questions from the viewers, and helpful tips from the panel. We answered questions on how to pay down student loans, what to do with the money you get from selling your home, and what you can and can’t use a 529 plan for.
Plus, I would like to take a minute to welcome our new intern, Jonathan to the FinishRich team. We are thrilled to have him helping us out for the summer! Today, he got to take a peek behind the scenes of Money 911.
If you missed NBC’s Today Show – Money 911 segment this morning, make sure to watch it now. This week we discussed how to take advantage of cell phone loyalty programs, whether to use extra money to pay of student loans or put towards a home, and what to do about collection agencies harassing you about your debt. Hopefully our answers helped you this week. If you have a question you would like answered on Money 911, go HERE to submit it!
If you missed me this morning on NBC’s TODAY show – Money 911 make sure to watch the segment now, we had a great time as always, with lots of laughs and tons of information. This week we helped viewers with what do to help pay for college loans, gave advice on what to do with a home you’re growing out of, and how to distribute a mutual fund to help pay for your child’s college education.
This week on Today.com our question comes from Robert:My Daughter is graduating medical school with over $200,000 in school loans, both private and federal. My wife and I have a substantial nest egg, where we could pay off at least half of her outstanding loans. What would the tax implications if we do this?
Watch above to find out how you can help pay off your child’s college loans without having to pay taxes.
If you missed the Money 911 segment this morning NBC’s TODAY, make sure to watch it now! Today we helped people tackle their student loans and discussed forgiveness options, spoke about what to do and where to go if you’re struggling to make mortgage payments on an investment property and ran the numbers for a viewer when it came to refinancing their 30-year mortgage, so it could be paid off by the time their daughter goes to college. Tons of great information and I hope it can help you too!
For all of those who missed me on NBC’s Today Show – Money 911 this morning make sure to check out the segment now! Today we discussed 401ks, the best online budgeting websites, and student loans. Enjoy!
Just in case you missed me on NBC’s TODAY Show – Money 911 this morning here’s the segment – so make sure to check it out. Today, I answered viewer’s questions on financial aid for college students and how to increase your credit score—fast! In my first answer, I mentioned a few websites to look into to get money for school without a cosigner, so below is Loran’s question and the information that I gave her, that can hopefully help you too!
Question from Loran:
My daughter is in college and needs more money for school, which we don’t have. She’s been working several jobs, but with her apartment and car she often doesn’t have enough money. She’s tried getting loans but needs a co-signer which we can’t do. What should we do?
First look at a Federal Pell Grant, it is for undergraduate students unlike a loan, does not have to be repaid. The amount depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less. The maximum amount given is $5,550.
Next, I would look into a Federal Perkin’s Loan which is a low interest (5%) loan for students with “exceptional financial” need. The U.S. Department of Education provides funding to your school. In turn, your school determines which students have the greatest need. Your school combines federal funds with some of its own funds for Perkins loans for qualifying students. Both of these can be applied for at http://www.fafsa.ed.gov/.
You can find out more information on getting money for school at http://studentaid.ed.gov/ under the tab – “Get Money for School.” Also check out http://www.fastweb.com/. It bills itself as “the leading scholarship search provider for every student, whether you’re in high school or a mother of two returning to school” and with 34 million users, the boast is probably justified. This amazing website contains everything you need to know to find help quickly about both scholarships and college loans.
Today on NBC’s TODAY show – Money 911 we answered viewer’s questions ranging from what financially supported college students can do to help alleviate their parent’s retirement concerns to what happens when you own three different properties and decide to stop paying the mortgage on one. It was a great segment and you owe it to yourself to check it out!
Jean Chatsky, myself, and Sharon Epperson on Money 911!