Joen Kinnan began her career as a secondary school English teacher in Ohio and Michigan. After moving to the Chicago area, she became a writer and later department head for Marquis Who’s Who, a publisher of biographies. Subsequently, she served as a senior associate with William M. Young & Associates, where she developed and delivered workshops around the country. When that company closed upon Dr. Young’s retirement, she founded Cygnet Communications, an independent company that provides writing, editing, proofreading and consulting services. While affiliated with the Independent Writers of Chicago, she held many offices, including that of president. She has taught writing and editing courses at Oakton Community College and Concordia University. Joen Kinnan is a graduate of Denison University and did postgraduate work at Ohio State University and Michigan State University at Oakland.
How to Use Crowdfunding to Cover College Costs
Crowdfunding is a means of raising money online from a large number of people. Crowdfunding has been used to raise money to provide relief for hurricane victims and financial aid for starving people in Africa, to get capital for start-up companies, to pay for medical treatment, and to achieve other worthwhile goals. Some students also use crowdfunding to pay a portion of their college costs or to repay student loans.
How to Get a Cosigner for a Private Student Loan for College
If you need a private student loan for college, you probably also need a cosigner. Only about ten percent of undergraduate students can qualify for a private student loan on their own, according to the Consumer Financial Protection Bureau. Apart from helping you secure the loan, having a financially responsible cosigner may also reduce the interest rate on your private student loan.
Paying for College with Your 401(k): Wise Move or Bad Choice?
As an alternative to traditional student loans, borrowing against your 401(k) to pay for a child’s or grandchild’s college education presents advantages and disadvantages. Experts caution against 401(k) loans because they will impact your own retirement situation. However, a 401(k) loan might be a viable option for you under certain circumstances. In other cases, it may be the only option.