It’s July and Fall college semesters start in a month or so.  And while parents are shopping for dorm necessities, they are also fretting about how they are going to pay tuition for the next four (or more) years.  One of my favorite quotes from a parent of a college student is that “paying tuition is like buying a luxury car every year and then immediately driving it off a cliff.”  That is how most parents feel.  The expense is daunting and there is no immediate ROI.

I've been meaning to share this New York Times article about Federal Student Loan Repayment Plans that should (emphasis on "should") make understanding repayment options easier for most borrowers.  Of course, as it is mentioned in the article, it would be better if the whole process were easier, but let's take what we can get for the moment.  There are some resources listed at the end of the article worth sharing with clients that may help better explain the repayment options available to them.