The ‘best’ way to save on college debt
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Posted October 10, 2018 08:04:16 “College savings is a very good investment,” said John W. Kagan, the chief investment officer of The Parsec, which specializes in investing for college students.
“And it is a good way to get into the real estate market.”
The parsec, founded in 2001, offers more than 40 different types of investing tools that range from simple investment products like stocks to proprietary ETFs to more complicated investment vehicles.
In the process, The ParSec has become one of the best-known financial services companies for student investors, helping thousands of students save up for their educations.
The company’s founders were part of the original student investors who took to the Internet in 2008 to find affordable, online-only financial products to help them save money.
“In the end, it’s not really a decision for students,” Kagan said.
“It’s a decision that we made.
And that’s why it’s so important to get the right tools to invest.”
The Parse website offers hundreds of online portfolios, as well as several other financial products like savings accounts, personal savings accounts and 529 plans.
The site also provides personalized advice and recommendations based on a student’s financial needs.
And The Parsea Group is not alone in offering college savings.
For instance, the Parsec Financial Management Institute (PFMI), which was founded in 2012, is also one of Parsec’s primary partners.
The PFMI offers a variety of financial products including stock index funds, investment vehicles, index funds and ETFs.
It also offers an online portfolio management tool called the PFMII.
For its part, the company offers a wealth management software called AssetShares, which it calls an “alternative investment platform” that it says is the most advanced investment platform on the market.
PFM is a subsidiary of the investment management company BlackRock, which also has a major presence in the financial services industry.
BlackRock is the second-largest investor in the US with a market capitalization of about $10.5 trillion, according to the latest SEC filings.
“There are so many options out there,” said Matthew G. Smith, a partner at The Parsey Group, which oversees the Parse business.
“If you’re looking for a college-savings portfolio that can save you $1,000 a year in tuition and living expenses, there’s a lot of choices.”
Smith said The Parsse’s investment products are geared toward college students who may be considering taking on a large amount of debt.
“Students are the fastest-growing group of consumers,” Smith said.
That’s because they’re more likely to spend more money on their education than the average American.
In 2016, students borrowed $1.6 trillion on average, according the Bureau of Labor Statistics.
That means college students are more likely than the general population to borrow money.
However, they also tend to have higher incomes and have more college experience, which can mean higher monthly payments.
“People who take out student loans are not getting a lot out of it,” Smith added.
For a college student to save $1 on a $100,000 loan is equivalent to saving $600 a month, according a 2014 report from the Federal Reserve Bank of New York.
That same report said that student loan debt is one of America’s highest costs for the average student.
But Smith said that is only the beginning of the savings potential students can have from investing in college savings accounts.
“College students can save money even without getting into the stock market,” he said.
The Par sec’s portfolio management product, The PFSI, is designed to be used by students who have been enrolled in college or are seeking to start a new career, said the company’s chief investment adviser, Mike T. Coyle.
“PFSI is a wealth-management tool that allows you to make smart financial decisions and get an immediate return,” he added.
“Our goal is to help you get your money back and be able to go on to the next phase of your education.”
The PFA, which is part of The parse, also offers a savings program for student retirees.
The program offers a $300,000 investment for students who are 70 or older.
“For students who don’t have that option, we offer a tax-free retirement account, which we think is the best option for the generation of students that are now retiring,” T.C. Doyle, PFA CEO, said in a statement.
“We have been working with the Par sec to make this the best retirement account we can offer to all our students.”
The student retirement plan is offered in five tiers, with a total annual limit of $3,000.
Students can choose a tier that includes investments in the stock index fund, bond index fund or investment in the U.S. Treasury bond market.
The retirement account can also be opened for cash or by checking. The
Posted October 10, 2018 08:04:16 “College savings is a very good investment,” said John W. Kagan, the chief investment officer…