College and Money

Fewer Students Sign Up for Credit Cards

Credit Cards Image

Yes!  Finally, the Credit CARD Act (click here for a complete summary of the Credit CARD Act) is showing signs of relief for students.  As you may remember, the Credit CARD Act took effect on February 22, 2010 – it aimed to reform the entire credit card industry and change the credit card game...
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How College Students Can Achieve Financial Success in the New Year

How College Students Can Achieve Financial Success in the New Year

With 2011 only hours away and since most college students are off on winter break, now is a great time to focus on your finances for the New Year. Follow these five simple steps to ensure that your finances are safe for 2011: 1. Credit Cards: If you have credit card debt, determine exactly...
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Is Congress Helping College Students Save Money?

Is Congress Helping College Students Save Money?

I know it sounds hard to believe, but Congress is helping college students save money – on textbooks that is. This month, more than 18 million students will be attending college and according to the College Board, spending an average of $1,000 on textbooks. A new law just took effect to help students combat...
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Student Loan Guide

Student Loan Guide

College costs are at record highs, which is forcing many students and their families to finance high education via student loans.  But there are several different types of loans and each comes with different terms.  Check out HelpSaveMyDollars.com’s student loan guide below: Direct Subsidized Stafford Loans: These are the “best” types of loans.  The...
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The Lifeline for College Students: Credit Unions

Money management is a key part of the college experience. Since only 24 states require students to take personal finance classes in high school, the majority of incoming college freshmen are not prepared to tackle their finances. In fact, 45% of high school seniors said they were not ready to manage their money, according...
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College Graduates Who Earn the Most Money

College is an investment!  The goal is to attend college that gives you the greatest return on investment!  According to PayScale.com’s report, here’s a list of the colleges whose graduates earn the highest salary at mid-career: 1.  Harvey Mudd College – $126,000 2.  Princeton University – $123,000 3.  Dartmouth College – $123,000 4.  Harvard...
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Benefits of Credit Unions

If you’re fed up with the nasty tactics most credit card companies use (high fees, unexpectedly raising interest rates or lowering credit limits) to generate revenue, credit unions are here to help.  Credit unions are not-for-profit financial institutions formed by members.  Any profit made by the credit union is directed back to the members...
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Student Loans Cannot Be Discharged in Bankruptcy…Or Can They?

Student loans cannot be discharged in bankruptcy – you could claim bankruptcy 100 times and your student loans will still exist.  Some lawmakers, however, are trying to change that!  Debt from credit cards, auto loans and mortgages will be discharged (completely erased!) upon claiming bankruptcy.  Now this may sound good, but your credit score...
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Student Loan Reform on July 1

The student loan industry will be changing as of July 1, 2010.  As part of the health care bill that was signed into law last March, new student loan reform will take effect next week.  This reform will affect all students who rely on student loans to pay for college. Here’s what you need...
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