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1001 Ogden Ave.
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Downers Grove, IL

Financial Consultants
1717 North Naper Blvd
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Are Student Loans Funding College Or Social Life?

Are Student Loans Funding College or Social Life?

Students loans are a saving grace for many families that otherwise wouldn’t be able to send their children to college. But that dream come true has turned into a nightmare for many parents as they learn those loans might be covering more than just tuition and a dorm room. In a recent study from LendEDU, more than 30% of survey respondents admitted they’d be using some of their loan money to get some spring break r&r. If you’ve ever wondered how non-working college…

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How Will The Education Budget Affect College Families?

How Will the Education Budget Affect College Families?

From the screaming headlines over the past few days, it would seem that the president’s new budget on higher education will be devastating to American families who are already struggling to pay for college. So, it’s time to be objective and look at the facts.  The president’s budget, if implemented, is really not going to have that much impact on MCPT families. Here’s a brief overview: Pell Grant Funding Though the talk about reducing the Pell Grant surplus has been…

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Can Parent Plus Loan Forgiveness Rescue Some Families From A Lifetime Of Debt?

Can Parent Plus Loan Forgiveness Rescue Some Families from a Lifetime of Debt?

Unbeknownst to many who are struggling to pay for college, the current loopholes in the Parent Plus Loan rules allow some families to receive full forgiveness on a boat load of college debt.   It’s not a viable strategy for everyone, it’s not a recommendation by any means, and there is quite a bit of controversy surrounding it, but there is a way to banish the bills from your Parent Plus Loan for good. But should you? Parent Plus Loans…

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Uncertainty Looms Over the Student Loan Forgiveness Program

Federal student loan borrowers who had believed they qualified for loan forgiveness under a particular federal income-driven repayment (IDR) program are suddenly facing a financially shaky future. The spotlight’s on the Public Service Loan Forgiveness Program due in part to a lawsuit filed by four participants: they fulfilled employment and loan repayment requirements and made employment decisions based on eventual student loan relief only to have those qualifications later reversed. What is the Public Service Loan Forgiveness Program (PSLF)? In…

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Beware Of Student Loan Scams!

Beware of Student Loan Scams!

Debt, despite how essential it is for many American families trying to afford college, can be in and of itself the cause for quite a bit of stress. When you factor in the further difficulty students are having finding employment after graduation, and loan management companies that can be less than forthcoming with information that could ease your repayment burdens, the tension only grows. Wouldn't it be great if there was a trick or a quick fix to help get…

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Update On Federal Student And Parent Loans

Update on Federal Student and Parent Loans

After what will likely go down as one of the more colorful campaign seasons; America has finally made its choice and the Federal government is on the eve of a substantial regime change. Under President Obama, federal student loan programs saw massive reform. Now that the White House is set to be under new management, it's only natural to wonder which of these reforms will remain, be adjusted, or discarded altogether. While the President-Elect has mentioned proposed changes here and…

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The Real Cost Of 2 Extra Years Of College

The Real Cost of 2 Extra Years of College

  It can be tempting to believe that after the FAFSA is filed, the credit-hours are allocated and the tuition payment is sent, that the financial aspect of the college experience is on hold until next semester. However, the classes your student selects, and of course how well they do in them, can have farther reaching ramifications than you might think. It’s common knowledge that more time in college means more money coming out of pocket; what’s less conspicuous, it…

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The Peace Corps Can Help Reduce College Costs

The Peace Corps Can Help Reduce College Costs

Who wouldn't love a chance to work a job that pays off student loans? The Peace Corps offers federal loan forgiveness, plus a whole world of other benefits. Graduating with a mountain of debt has become a tradition in our country. Thanks in part to easy access to low-interest college loans over the past 25 years, we've become a nation of debtors. But for anyone who took out loans under the William D. Ford Federal Direct Loan (Direct Loan) Program, there's hope…

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5 Common Student Loan Mistakes

5 Common Student Loan Mistakes

My College Planning Team's Financial Aid Team presents five of the most common student loan mistakes. https://www.youtube.com/watch?v=QqXP7WTrDmk Need Help Paying for College? My College Planning Team's Financial Team can assist you with identifying the best methods to use to fund your student's college education. Contact our team for more information or click here to schedule a free consultation. My College Planning Team Serves the Following Chicagoland Areas: Arlington Heights · Aurora ⋅ Barrington ⋅ Bartlett ⋅ Batavia ⋅ Bloomington ⋅ Bolingbrook ⋅ Buffalo Grove · Carol Stream ⋅ Carpentersville · Clarendon Hills…

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Student Loans: Why Parents Shouldn’t Worry

Student Loans: Why Parents Shouldn’t Worry

While nobody likes debt, student loans may not be the crucible you’re expecting. Further exacerbating the issue is talk of the Student Loan Crisis currently gripping America. To understand why student loans may not be the worry you think they are, let’s explore what the current loan crisis actually is. Student Loan Crisis! The abridged version: The price of college is soaring, to compensate for this more and more families must take out exorbitant loans saddling them with mountains of debt. To make…

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