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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)

FAFSA Completion Rates Matter: But Mind the Data

Education Next – Richard V. Reeves and Katherine Guyot

“FAFSA season has just ended — the final deadline to fill out the 2018-19 Free Application for Federal Student Aid (FAFSA) was June 30. This year, as every year, many students who are eligible for aid will have failed to complete the form. [1] This means many miss out on financial aid, which can have a serious impact on postsecondary enrollment, persistence, and completion. [2] As many as one in seven students eligible for financial aid who enroll in college do not complete the FAFSA. [3]” (more)

Piggybacking on good credit: Things to consider before co-signing a student loan

USA Today – Carmen Reinicke

“You’ve watched your children or relatives celebrate college graduation, move to new cities and start first jobs. You might be settling into life with an empty nest, or simply enjoying one less person in the house. That is, until your child brings up student loan refinancing and asks if you will help by co-signing.” (more)

Nine Things To Know About Saving For Education

Forbes – Roxana Maddahi

“The cost of college increases by approximately 8% per year on average, making the financial burden terrifying. The average cost of a four-year private university today is $34,740. Based on those numbers, tuition at a private university could cost kids born today well over $100,000 a year.” (more)

College Decision Day Brings Relief, Excitement And Big Worries About Money

KQED News Mind/Shift – Elissa Nadworny

“Across the country, schools celebrate the achievement in different ways. Some hold assemblies where students get up and announce their decisions. In other places, students wear their college gear — a T-shirt or ball cap or sweatshirt. Walk down any high school hallway — or sit in a college adviser’s office — and you’ll likely hear a chorus of “Where are you going next year? What’s your school choice? Where are you going?” That’s what I hear in an adviser’s office at McKinley Tech High School in Washington, D.C. The room is abuzz with activity. Students are filling out scholarship prompts, trying to access their financial award letters to inform last minute decisions and announcing their final college choice to anyone who asks.” (more)