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
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 >
Suze Orman suggests that consumers see if they qualify for a balance transfer into a new credit card with a low or 0 percent introductory interest rate, states the Suze Orman website. Orman also suggests that consumers pay the minimum monthly payment due on each credit card and if possible, send the credit card company extra money on top of the minimum payment.Full Answer >
As of 2015, the interest rates on a typical spot loan range from about 15 percent on the first $100 to an annual rate of 390 percent, depending on the loan amount and the state law that applies. For example, in Connecticut, the interest cannot exceed 30.3 percent.Full Answer >
As of 2014, the interest rate for the Blaze MasterCard was 29.9 percent. The card also featured an annual fee of $75, issued in the form of a charge against the account once it is created, and a credit limit of up to $1500.Full Answer >