You didn’t spend the money, but that doesn’t always mean you don’t have to pay it back. Understanding when this occurs can help you avoid negative financial situations or, in the event you are taking on the debt, how to proceed.
Every year, the College Board releases new college cost data and trends in its annual report. The figures published are average cost figures based on a survey of approximately 4,000 colleges across the country.
The holiday season is synonymous with joy, warmth, and, unfortunately, a spike in spending. This year, U.S. consumers budgeted over $600 to spend on presents for loved ones.1