The percentage of parents who pay at least a portion of their children's college costs is between 22 and 35 percent. The rate varies depending on the components of cost and payment figured into the calculation.Continue Reading
A University of Michigan-Ann Arbor study suggests that 62 percent of children received tuition support from their parents. Parents who have the ability to use their own money make use of personal savings, money from retirement funds and income to help with the cost of their children's tuition, in addition to or instead of taking out loans.
Further, there is a 21-point difference in college graduation success rates for students who receive some form of help from parents. Students who receive help have a graduation rate of 63 percent, while students who do not receive help have a graduation rate of just 42 percent.Learn more about Credit & Lending
The H.H. Gregg Company offers a credit card with an annual percentage rate of prime plus 14.73 percent. In April 2015, the prime rate is 3.25 percent, as quoted by Bankrate. That makes the APR for the H.H. Gregg card 17.98 percent.Full Answer >
The Direct Rewards Platinum card offers many benefits for card users, including an introductory zero percent APR and no annual fee as well as reward points, according to Finance Globe. The first nine months after the issuance of the card and creation of the account constitute the introductory period.Full Answer >
The refinance program on the Get Better Loan website helps members lower payment rates to up to 1.9 percent and save at least $100 monthly. Registering for the program is an easy and secure online application. In addition, the program shortens the payment period, and members can choose to skip a payment, explains OpenRoad Lending.Full Answer >
As of 2015, the average interest rate for a commercial loan for a small business is usually between 6 and 8 percent. Loans under $100,000 tend to have a lower interest rate, while those for more than $100,000 have higher interest rates.Full Answer >