Patricia Seaman: October 25, 2018

GET SCHOOLED ON STUDENT DEBT

Strategies to Help Families Manage the Rising Costs of Higher Education and Student Loan Debt

 

Patricia Seaman

Financial Expert, SmartAboutMoney.org

 

Americans are more burdened by student loan debt than ever before. In fact, Americans now owe $1.5 trillion in student loan debt and many families struggle with college affordability even decades after graduation. October marks the opening of the application period for the Free Application for Federal Student Aid (FAFSA), and it’s recommended parents don’t delay and miss out on available money to help offset the rising costs of college. Understanding the types of awards available, and accounting for true costs of higher education can help families save thousands.

Among considerations for families:

·       What types of financial aid should we apply for

·       How do we complete and update the FAFSA and look for scholarship and grant opportunities

·       How can we manage student debt

·       As parents how can we be a positive role model, and protect ourselves from debt

Pat Seaman, financial expert at smartaboutmoney.org is available to discuss the burden of student load debt and strategies to help lower the cost of college. She will also reveal results of a recent survey illustrating what families are doing to save for college and how they are planning on funding their child’s education

For more information visit SmartAboutMoney.org

 

MORE ABOUT PATRICIA SEAMAN:

Patricia (Pat) Seaman, senior director, National Endowment for Financial Education

Seaman joined NEFE in 2007. She is a life-long student of personal finance and is conversant in a wide variety of financial education topics and research. Her recent media interviews include the New York TimesOprah.comCNBCNerdWallet, and more. Prior to joining NEFE, Seaman was executive director of communications for the University of Wisconsin-Madison School of Business. Before that, she worked in education programs for the Radio Television News Directors Foundation (RTNDF) and the Radio Television News Directors Association (RTNDA).

Produced for: National Endowment for Financial Education (NEFE), a non-profit

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