As many parents start ramping up their retirement planning efforts, their children are also preparing for an important next step in their lives: higher education. It may seem overwhelming to manage both at once, but it’s important to face some very hard decisions. If you’re thinking about tapping into your retirement accounts, ask yourself a few questions:
When you embark on your college career, there is a good chance that you may have to seek additional funds through the procurement of student loans to pay for tuition, expenses, and even living costs. When you request student loans, the loan company is likely to pay the tuition directly to the institution you have chosen and then issue to you any overages.