Managing Student Finances
How do I pay for school?
Thordo
Dec 9 2011 - 11:25am
Recently, we were asked what we thought of investing as a way to save and pay for school, and here is what we think...
If parents can start investing even very small amounts of money for their child's tuition early enough, the effects of compound interest would go a long way to pay for an entire post-secondary education.
Using investment vehicles such as mutual funds and bonds can help students and parents take advantage of compound interest with relatively low risk, and thus stretch their ...
How Are You Paying for School?
Thordo
Sep 6 2011 - 5:18pm
Are you paying for school in a unique way?
Typically students pay for school by means of the savings from a summer job, their parents help pay, they take out student loans, or they receive scholarships and bursaries. If none of these methods describe how you've been paying for school, please let us know at timhordo@academicinvest.com for your chance to win $50 cash!! (to help pay for school, of course).
Will the Federal Government Give Me a Tuition Grant?
db-admin
Aug 25 2011 - 10:48am
At Academicinvest.com, we receive a LOT of questions similar to the following: "Will the government pay my tuition". We also hear a lot of students say, "I'm going back to school and I want the government to pay for it". Fair enough...but here are the facts.
The Canadian Federal Government began a new grant program in the 2009-2010 academic year, in which students who meet the following criteria may be eligible for a grant: (please be aware, that you must qualify for a Canada Student Loan prior to becoming eligible...
Save Early - Save Often
Thordo
Aug 14 2011 - 1:59pm
With tuition rising across the country and student debt at record levels, we are facing large educational problems. The first is that students are avoiding entering post-secondary institutions because of cost. The second is that students are graduating with what for some, can safely be described as crippling amounts of debt. Throw into the mix problems such as emergency financial situations which cause numerous drop-outs, and you can see the situation needs to be fixed.
A potential solution could be to look at the American savings model. Due to a...
Mortgage, or Student Loan?
Thordo
Jul 11 2011 - 10:19am
Did you know, that in Canada mortgage interest rates are cheaper than interest rates for Canada Student Loans? The fixed rate for paying back a student loan is currently prime +5%; compare that to an average mortgage rate which, although vary, are typically around prime +2%. This is quite frightening considering interest rates are supposed to rise over the coming few years.
Overwhelming Student Debt
Thordo
Jul 7 2011 - 11:58am
It's no secret that student debt is becoming out of control in Canada. What are we to do about it? The Canadian Federation of Students reports that students graduate with an average debt load of $27,000, and Statistics Canada reports that students graduate with an average debt load of just over $18,000. Whichever figure is closer to correct is somewhat of a moot point because either figure is a large burden. When you take into account interest rates, especially when they are on the rise, new Canadian graduates find themselves in a desperate position; one which leaves them trying to...
How are you funding your education?
Thordo
May 26 2011 - 2:54pm
At academicinvest.com, we'd like to know how you have been, or how you plan on paying for school.
We are aware of the various data sets currently available for statistics such as these, although those data sets aren't quite specific to the users of this website.
Currently, a vast majority of students pay for school by using at least two seperate sources of funding. Are you among them? Submissions can be in writing or video, and a select few will be featured on our blog and included in our marketing material.
Please send all responses to...
