The other day we talked about college students protecting their identity at school. As a parent, there are things you can do as well to protect your good credit and possibly protecting your identity at the same time.
The Education Department recently reported an increase in defaults within the first two years of repayment in the fall of 2009 of 7% to almost 9% for the two years ended in the fall of 2010.
As the saying goes, you can never be too careful. It doesn't take a rocket scientist to figure out important information about you by putting "two and two" together with information posted online. But, that's not the only thing you need to be mindful of; there are other ways of having your identity stolen at school.
More than ever, with new banking regulations, banks want to pitch their products to college students. It seems that a college student's account has a major impact on the bank's earnings.
Before stepping onto campus for the first time, there are three things every Freshman should know about finances. It's important to get aquainted with a these three financial instruments; they'll not only be important throughout college, but the rest of your life. They'll serve you well if you serve them well, but before you can begin to serve them well, you must understand them.
So many folks are rethinking the value of a college education. As a matter of fact, we've recently had a post on the pros and cons of a college degree. I've always felt, no matter where the education comes from, it's something that can never be taken away from you.
College tuition is increasing at a rate double that of general inflation. In 2010 the annual tuition for a public four-year college was $16,000, which was up 6.1% from 2009. The cost of a private four-year college was up 4.3% from 2009 to 2010, coming in at a staggering $37,000.
Access to student loans has been the path, and the only path, to higher education for many students, escpecially those who want to attend prestigious private universities. In 2008, 60% of college students carried some form of student loan and low-interest student loans from the federal government have been a huge source for funding; however, with the upcoming deficit reduction, this could be an area that is cut.
Ah yes, that first time away from home at school. So much free time, so many things to discover, and so much freedom! All these really cool "activities" cost money, so you start spending it; and this is money you don't even have. But, wait! I can put these expenses on my new credit card; they were handing them out like candy, along with a free t-shirt next to the Student Union.
Saving for your child's education is something some people start when their child is born, which isn't a bad idea. It's always good to get a head start, especially when considering inflation. Over the past several years tuition inflation has been more than double general inflation.
Yes I know college is a lot more expensive today than it was back in the days of covered wagons, when I was attending The University of Virginia. However, in order to better understand the situation, let's first talk about how students get into debt in the first place; there is a fundamental phenomenon for the cause.
More and more students are going into debt for college, and it's killing them. An education is one of the greatest things you can have, for it is something that can never be taken away from you.
Parents are finding new ways to get their kids started off as a young adult without the burden of debt on their shoulders.
Well, unless you think reading a textbook is fun. Yep, besides checking your stocks, going online, getting directions, tweeting your friends and playing games, if you're in school you may be using your iPad to read your textbooks. Now you can get in touch with your textbooks as well as getting in touch with many other things.
Today, students are graduating from college (if they studied hard) literally with a mortgage on their hands. Some students have upwards of $100,000 or more in student loans.
Too many of my clients exclaim that they don't make enough money. This feeling pervades all groups, from wealthy to minimum wage earner, from the recent college graduate to the person getting ready to retire.