New Video Shows Parents Buried in Student Loan Debt How to Save for Their Kid's College Education

Don't get caught still paying off your student loan debt when it's time to send your kids to college. Learn a simple technique that can jump start your kid's college savings plan and pay off your student loans fast.
 
May 2, 2012 - PRLog -- Burbank, Calif., Financial Evolution Group, a personal finance education and consulting company that specializes in helping college graduates and highly educated professionals who are drowning in student loan debt, released a new video for parents on how to save for their kid’s college education while they are paying off their own student loans.  This video can be found below or on the company’s website under the title: Saving for Kid’s College and Paying Off Your Student Loans: Video.

http://www.youtube.com/watch?v=l8RCHf7vyuA



Christopher T. Lawson, CRPC, director of planning for Financial Evolution Group said, “One of the biggest fears our clients with children have is that they will still be paying off their own student loan debt when it’s time to start paying for their kids to go to college.  Fortunately there are some simple steps that parents can take to begin the college savings process for their kids without sacrificing their own student loan debt pay off schedule.”

Parents know they need to save for their children’s college education but the problem is that their own student loan debt payments take up such a large portion of their monthly income that after finding the money to pay bills, other loans, housing expenses, and saving for retirement there’s nothing left.  As a result, most families end up sacrificing one or several goals in order to meet others.  

A recent Reuters analysis of more than 3 million credit reports revealed that borrowing for education is growing most rapidly for the 35 to 49 year old age group.  Over the past three years this group saw its student loan debt burden increase by 47 percent.  Due to the tough economy, this demographic group is seeking mid-career training at a time when they are also starting to be concerned with saving for their children’s rapidly approaching college educations.

The short video explains how to reframe the traditional college savings process by employing technology to enlist the help of friends and family to pick up the slack in saving for college so parents can focus on paying off their own student loan debt.

“Getting a jump on college savings isn’t a difficult task,” Lawson said.  “If parents with student loan debt spend four minutes watching this video, they can be well on the way to pre-funding their kid’s college educations and relieving their own stress by paying down their own student loan debt faster.  It doesn’t take much time to learn how to protect yourself from living every parent’s worst college nightmare, the 11th hour crisis to find the money for college as you struggle to pay back your own student loan debt.

About Financial Evolution Group

Financial Evolution Group is an independent, objective, financial education, seminar, and consulting company that provides free public education and private consultation services to college graduates and highly educated professionals who are drowning in student loan debt to help them: get organized, gain clarity, restore peace of mind, and pay off student loan debt faster than they ever thought possible while saving thousands of dollars in the process.

For more information visit Financial Evolution Group at http://financialevolutiongroupblog.com/
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Location:Burbank - California - United States
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Page Updated Last on: Nov 12, 2012
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