The Cost of a Victory LapTaking an extra year or two to complete a bachelor’s degree is common these days, but that additional time could cost a student nearly $300,000, according to a new study by NerdWallet. NerdWallet examined how much one or two “victory laps,” as extra years are sometimes jokingly called, would cost students by factoring in: Real costs: Out-of-pocket tuition plus interest paid on student loans over a 10-year standard repayment period. Opportunity costs: Lost entry-level income and forgone retirement savings. Here are the results:
At Successful Education Solutions, our goal is to help students and parents navigate the complex college planning process.
SES strives to help students choose the school that best fits their academics and personality while enabling their families to maintain their financial quality of life. After making the mistake of choosing a college and major that were not ideal, Jeff set out to assemble a team to provide students with the information and resources necessary to make the optimal college choice.
College is the second highest expenditure for many families, next to the purchase of their home. Have you ever purchased real estate without seeking the advice of a professional? Of course you didn't. There is crucial information you need to know about the cost of college before you start planning.
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My wife and I used Jeff to help us choose a suitable colllege for our daughter. Jeff was excellent in breaking down the financial offers and college comparisons which helped narrow our daughters decision process. She is very happy with the college she picked. His company also helps with the FAFSA form. We were very pleased with his work, highly recommended!Steve
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