Monday, May 30, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

Reward! Lost: Fox Terrier, white and orange female, named Sara, no collar, went missing May 1, near F.M. 775 and 3432. Call Lindsay at 210-284-0094.

VideoLost: German mix, male, tip of one ear missing, micro chipped, last seen with blue collar and blue bone tag with name and house number. Call if found, 830-779-2512.

VideoMISSING TORTOISE from S. Palo Alto Dr. in Estates of Eagle Creek on May 17th. If you see him, please contact us @ (210) 913-4558 or (830) 393-4030.
More Lost & Found ads ›

Help Wanted

Walk-in bathtub sales person wanted. $100,000+ $4,000/mo. guaranteed. Sales experience required. Call Jerry Stewart at 913-276-2143, Ewing Enterprises, LLC.
Landscape foreman needed, must have experience in masonry, irrigation, planting, etc.; pay $12-$16 per hour. Call 210-494-6469, Hill Horticulture, Inc.
More Help Wanted ads ›

Featured Videos





Video Vault ›
You’ve been granted free access to this subscribers only article.

The 411: Youth


Plan your child’s college funding




E-Mail this Story to a Friend
Print this Story
July 24, 2013 | 1,707 views | Post a comment

Generation after generation, parents have taught their children to prepare for college now, which often means in elementary school or even earlier. These days, financial experts like John McDonough are giving parents the same advice.

“Can you afford the college that will give them the best chance in life? Will paying for their education force you to have to work well into your golden years? These are the questions I ask parents every day,” said McDonough, CEO of Studemont Group College Funding Solutions, CollegeFundingFreedom.com, which offers advice for parents worrying about how to pay for their child’s education. “Many parents really don’t know how to begin answering these questions; they are afraid of walking into a financial situation that they won’t be able to safely walk out of. But the alternative -- saddling their children with debt well into their 30s and 40s -- is not an appealing alternative.”

McDonough reviews four disturbing trends in the challenge of paying for a college education:

•The net worth of today’s 30-somethings:

Adults in their 30s have 21 percent less net worth than 30-somethings 30 years ago, according to a new Urban Institute report. Why? Much of it has to do with high-interest student loans and credit card debt. The return on investment of a college education is excellent -- college grads earn 84 percent more than those with only a high school diploma, according to Georgetown’s Center on Education and the Workforce. But paying off that investment without outside help is exceedingly burdensome for a graduate.

•Student loan debt is even greater than credit card debt:

That’s right -- topping all Americans who have made poor decisions with their credit cards are ambitious high school graduates, whose collective student load debt shoots past $1 trillion! More important than this being a crucial social epidemic, it’s potentially a very real problem for your child. President Obama scored some political points in identifying with most Americans when he said his student load debt was paid off only after he was elected to the U.S. Senate. Two-thirds of students leave college with some form of debt, according to the Federal Reserve Bank.

•Fluctuating interest rates:

Recent controversy over federal Stafford loans interest rates adds to the insecurity of borrowing as a college financing strategy. Given the unpredictability of Congress, which allowed the U.S. credit rating to drop while standing on political principles, one can’t reliably predict whether interest rates will rise or fall.

•Your children cannot refinance their loans:

While a borrower who has racked up tens of thousands of dollars in gambling debt can refinance their payments, student loans remain at fixed rates. In collecting money on student loans, there is no statute of limitation, and today it’s very common -- the norm, actually -- for student loan holders to take nearly two decades to pay off their debt. With the annual average cost of public universities exceeding $22,000 per year, and the same often surpassing $50,000 at private universities, it’s no surprise.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

The 411: Youth Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. FHS May students of the month (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FSE names conservation contest winners (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Guerrero named to Who’s Who (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hernandez earns bachelor’s from SLU (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Medina graduates from Temple College (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Perez makes McMurry dean’s list (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Sara Strey Foundation names scholarship recipients (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Story Time begins June 6 (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. TLU releases 2016 dean’s, president’s list (May 25, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Area students graduate from TAMU-Kingsville (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Area students named Father Moczygemba scholarship winners (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Beta Gamma Sigma inducts Lyssy (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Darr, Jarzombek initiated into Phi Kappa Phi (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. East Central ACE team shares ideas with UTSA (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Falls City Library Summer Reading program (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Moore earn’s master’s from Mary Hardin-Baylor (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Nixon-Smiley students reach for the stars (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Perez is a McMurry University grad (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale Elementary School honor roll (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tooth decay prevention kits (May 18, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. 4-H Rabies Clinic (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Apply to U.S. service academies (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. LeAnn Yelton receives SSFCU scholarship (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. LV Odyssey of the Mind teams claim state victory (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth Honor Rolls (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Rocketry teams are grand champions! (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. SA Zoo celebrates military (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale Elementary School pre-k registration is May 19 (May 11, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Brothers face off in tie-breaker ‘bug-off’ (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Catch rising stars in action (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FHS April students of the month (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Fun, learning at AVID family night (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. High School Art Show is May 14 (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Junior Historians demo ecology for Earth Day (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register for 4-H summer camps (May 4, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register now for May 14 Archery Day (May 4, 2016)
NIE school
Allstate & McBride RealtyHeavenly Touch homeVoncille Bielefeld homeTriple R DC Experts

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.