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Sunday, August 17, 2014

Heading Off to College? Time to Think About Banking Needs

The New York Times – Ann Carrns

“IF you’re a student heading off to college for the first time, you have a lot of options for handling your money these days. It makes sense to think about it before you arrive on campus and find yourself swept up in the back-to-school whirlwind.” (more)

Friday, August 15, 2014

Financial Aid Not Enough? Ideas on How to Fill the Gap

Homeroom – Justin Chase Brown

“The reality of college costs is that many families find themselves struggling to pay the entire college bill, despite having already filed the Free Application for Federal Student Aid (FAFSA) and receiving federal, state, and institutional financial aid resources. If you find yourself in this position, here are some ideas to consider to help fill the gap between what your financial aid covers and what you owe the institution.” (more)

Saturday, August 9, 2014

Crediting the classroom

The Economist – Staff Writer

“TAKING on debt is one of the most important economic decisions a person can make. Borrowing to invest in education can yield a large return. However, debt is a risky endeavour, and can carry a high cost if it is not promptly repaid. Compound interest can amplify even small periods of delinquency, leading to lower incomes, scarred credit ratings, even bankruptcy.” (more)

Monday, August 4, 2014

A guide to graduating with less, or even no, debt

The Miami Herald – Teresa Mears

“The average student loan debt is $33,000 for a 2014 graduate, but there are some stories of students owing $100,000 or more. The crisis is serious enough that President Barak Obama has directed the Department of Education to come up with ways to help young people manage their debt. There is one sure way to avoid having debt dog your life after graduation: Don’t borrow money or, if you must, borrow as little as possible.” (more)

Friday, July 18, 2014

Getting your children involved in saving for college

Real Vail – Jeff Nelligan

“Most articles about college planning focus on advice for parents or other adults who expect to pay the cost for a younger person’s education. But what about the beneficiary who plans to attend college? Although most young people don’t have the assets for college savings that their elders do, being part of the planning process can be educational, offering financial lessons for the future.” (more)

Monday, July 14, 2014

Parents: Stop Taking Out Loans For Your Child’s College Education

Forbes – Robert Farrington

“It’s almost time to write that first check for your child’s first year at college. Ouch. Looking at that first statement from your child’s university can be painful – even if they are attending a public college, you’re going to be paying several thousand dollars per year. It’s not cheap.” (more)

Saturday, July 12, 2014

Survey: Long-Term Effects of Student Loans Worry Parents

Education News – Grace Smith

“According to a Discover Student Loans survey, most parents are worried about the long-term impact of students loan debt. The survey included 1,000 adults with children 16-18 years old who are planning to attend college and was conducted by Rasmussen Reports, an independent survey research firm.” (more)

Friday, July 11, 2014

California Community College Students Taking Longer To Graduate

Education News – Kristin Decarr

“A study released this week from the Campaign for College Opportunity found that almost half of the 64,000 students enrolled in community colleges in California need twice the traditional two-year dedication to graduate with an associate’s degree.” (more)

Thursday, June 26, 2014

Global education summit raises £16.8bn

BBC News – Sean Coughlan

“An international summit on supporting education in developing countries has received pledges worth £16.8bn…The summit, held in Brussels on Thursday, brought together education and international development ministers, aid organisations and United Nations agencies.” (more)

Tuesday, June 24, 2014

Tuition financial aid on the way for middle-class California families

The L.A. Times – Larry Gordon

“Some financial relief is in sight for thousands of middle-class students at California’s public universities, under a new and unusual state program that will provide aid to families that earn up to $150,000 annually.” (more)