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The Best Financial Holiday Gift For Your Child’s Education Planning

Forbes – Megan Gorman

“Given the staggering numbers for student loan debt and holiday spending, there’s a way to merge some of the funds spent on the holiday season into help for education funding – gift cards directly targeted for 529 plans. “Hands down — helping a loved one save for college or pay down student loan debt is a gift that will keep on giving,” says Wayne Weber, CEO of Gift of College. “It alleviates stress and leads to brighter financial outcomes.” Gift of College is a simple approach to funding college that solves a common problem. Family and friends can buy a gift card through the website, or in a store, for a child’s 529 plan, in any denomination $25 or above.” (more)

Financial education could ease student loan stress

Futurity – Sheena Rice-Missouri

“Estimates indicate that a quarter of American adults currently have student loans to pay off, and most don’t have the financial literacy to manage their debt successfully. The average student in the Class of 2016 has $37,172 in student loan debt.” (more)

Financial literacy serves up both fiscal and SEL returns

Education Dive – Lauren Barack

“When most educators think about teaching their students financial literacy skills, balancing checkbooks, and paying bills on time are likely at the top of the list. But having some investing skills — for example, understanding how the stock market works, what a mutual fund is, and how a 401k is structured — is just as crucial to their financial health.” (more)

6 Ways To Save Your Kids From The Rising Cost Of Education And Prevent The College Debt Trap

Forbes – Ron Carson

“In his recent New York Times article: “The Student Debt Problem Is Worse Than We Imagined”, author and senior director for post secondary education at the Center for American Progress, Ben Miller stated that one of America’s best investments in socioeconomic mobility — college — has become a debt trap for far too many. While I wholeheartedly agree with Miller, in my experience, it’s not just the students who are getting caught in this trap, it’s their parents as well.” (more)

From investing to debt to budgeting, 19 financial mistakes millennials should avoid

USA Today – Staff Writer

“The money moves you make when you’re young are going to set the stage for future financial success — or make it harder for you to achieve your dreams. While focusing on financial responsibility may not seem like much fun, young people have the benefit of time and a clean slate when it comes to money matters. If you make good choices from the start, you can make the magic of compound interest work for you and set yourself on the path to success. But, it’s important to avoid mistakes that could cost you.” (more)

Education Department says malicious hackers are targeting student financial aid

The Hill – John Bowden

“The Department of Education is warning schools about phishing attacks aimed at students’ financial aid after reports of such incidents at several colleges. A spokesperson for the department said in a statement on Saturday that multiple schools have reported malicious hackers gaining access to student financial aid in phishing attacks. The attacks, the department said, are getting through student emails via their institution’s password-protected website.” (more)