Student loans - Chladek Wealth Management

4 Questions To Discuss With Your Child Before You Pay For Graduate School

John Chladek2022-06-29T01:19:50+00:00July 1, 2022|College Planning, Family Financial Information|

Graduate school applications and admissions are on the rise. With more and more students pursuing graduate-level education, it begs the question, Should parents have to foot that bill, too? Maybe you’ve already committed funds to your child’s undergraduate degree. Or perhaps this is the first time your child is asking for your help with education expenses. You may find yourself in either situation wondering if you have the resources to fund any part of your [...]

PSLF Overhaul: What You Need to Know

John Chladek2021-11-10T03:36:39+00:00October 20, 2021|Blog, College Planning, Family Financial Information|

In October 2021, the US Department of Education initiated an overhaul of the existing Public Service Loan Forgiveness program (PSLF). Per the US Department of Education: “The Department estimates that the limited waiver alone will help over 550,000 borrowers who had previously consolidated their loans see their progress toward PSLF grow automatically, with the average borrower receiving 23 additional payments. This includes approximately 22,000 borrowers who will be immediately eligible to have their federal student [...]

Student Loan Debt Just Crossed $1.7 Trillion, How To Save Your Finances From This Startling Statistic

John Chladek2021-09-01T16:41:42+00:00September 15, 2021|Blog, College Planning, Investments|

Earning a degree is often part of the “American Dream,” making it an accomplishment worth working toward. And while graduating from college is a collective dream, the cost of obtaining it can be somewhat of a nightmare. On average, earning an undergraduate degree results in about $36,510 in student loan debt. For those earning a master’s? That number nearly doubles to $71,318 (according to educationdata.org). Keep in mind that the type of degree one earns [...]