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Educational Consultants
1001 Ogden Ave.
Suite 204
Downers Grove, IL

Financial Consultants
1717 North Naper Blvd
Suite 200
Naperville, IL

We gladly use video conferencing for clients who are unable to meet in person.

Parent Plus Loan Forgiveness

Parent Plus Loans: What You Need to Know

Why the Parent Plus Loan is not recommended by Financial Advisors Financial Advisors who have not been informed about of all the complexities in the Parent Plus Loan program have hesitated to recommend it as a way to pay for college. There are three important reasons for their reluctance: A loan given without any consideration given to income, assets, or income-to-debt ratio is going to hurt a lot of families.  Even the worst of our subprime lenders prior to the 2008 crash…

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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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There’s More To Be Scared About than Paying For College

There is no doubt that the ever-accelerating costs of paying for college are daunting for almost every family--the good news is that there are experts and professionals out there who can help you. A competent financial advisor who understands how the system works can work with you to uncover any number of potential strategies that may help reduce your out-of-pocket cost for college.  They can also create cash flow strategies, educate you on different types of loans, and even blend in tax…

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Loans or Retirement Account to Pay for College?

Remember the birth of your child? As new parents we set out to give only the best to our children.   The first time they wrapped their tiny little hand around our finger we made a promise to give them the best. With that promise, of course, also came the responsibility of saving for college. Fast forward eighteen years later The time has come to live up to that promise.  If you are like most parents, however, life didn’t make it easy for you to…

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Federal Student vs. Mortgage Loans for College

There is no one-size-fits-all when it comes to financing a college education. Among the many choices in loans to pay for college, federal student loans, private student loans, home equity loans or refinancing your home – all options must be on the table. The Options Federal Student Loans have many pay-back options. Jack Schacht talked about these options in a recent blog on the subject. Just like the other options available to you, you have to study them carefully and see…

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Student Loan Servicers Keep Families in the Dark

With the many flexible income-based repayment options now available for student loans, I continue to scratch my head  why defaults have continued to increase.  Students Are Not Being Told About More Flexible Payback Options While it may be true that most people don’t know about these payback options wouldn’t you think their loan servicing companies would at least mention them as a way to help their customers avoid default? Apparently, these loan servicers prefer to keep their customers in the…

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