Review Category : College

Social Media May Be Your Best Freshman Class

It’s likely that students starting college in September have spent the past four years of their lives become experts at social media mediums including Instagram, Facebook, and Tumblr. Without ever taking a class on social media, these platforms are indelibly integrated in the way an 18 year old communicates with their friends and family. In 1987, I didn’t even have a computer to bring to Boston College with me. Rather than give advice on student loans, budgeting, and other financial topics, I’d like to encourage the upcoming freshmen going to college to expand their social media networks and learn how to use these platforms to build their future. You see, it’s simple that life teaches you it’s not what you know but who you know that will ultimately get you further in life. This doesn’t mean you shouldn’t strive to become an excellent student, but rather leverage your expertise and begin to build your networks out today so when you ...

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Learn The Term ‘Delayed Gratification’

With the average recent graduate in 2014 accumulating almost $30,000 in student debt, now is not the time to spend money on purchases you do not need. The moment a new college graduate starts earning an income, it will generally be more net cash flow coming into their household than they have ever seen before in their lives. Often, this new found cash flow can burn a hole in the pocket of new college graduate. Spending a ton of cash to take a huge car loan on a nice sports car, taking too fancy a vacation, or even buying a new home when you aren’t ready for all the ancillary expenses can pile debt higher and deeper before student loans are paid off. Incurring more debt after your enormous student debt is a very bad idea. Now is the time to take stock of exactly where you are with each and every loan. You should access the National Student Loan ...

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Can Your Student Loans Be Forgiven?

Last week, I did an interview with Lynn Berry about how new college graduates should handle student debt.   With the average debt approaching $30,000 per college graduate, many students are wondering about the best methodologies to deal with this issue as they begin their careers.   Saying “I Forgive You” is never easy and here are my smart money moves on how some of your student loan debt can be forgiven. Public Loan Service Forgiveness Program- The PSLF Program is intended to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers. (source: studentaid.ed.gov)   The idea under this program is similar to what some public employer’s do with an MBA program.  You work for us for a period of time (generally a minimum ...

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Five Things To Buy At Five Below

My oldest daughter absolutely loves Five Below.   This is the store where essentially everything is five dollars or less and is really geared for that tweener group as a base consumer.   Often, when we bring our kids to a flea market, dollar store, or places like Five Below, you still have teach them about how to be a smart shopper and find the really good deals.   Here are five of my favorite smart money move purchases to make if you go to Five Below. Candy- Yes, I said candy.   You are going to need to buy candy somewhere, and there are plenty of $1 per box candy deals available at Five Below.   More of the drugstore chains, Wal Mart, and other stores are recognizing that people have home movie theaters and that has really driven down the price of a box of candy.  Never, never pay full price for Milk Duds againJ Case Protectors- These are amongst the best deals ...

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How Do You Get In State Tuition At An Out Of State School?

The cost for college education continues to rise at a blistering pace.  Although tuition and fees can vary widely amongst colleges and universities, the cost for tuition and fees for the 2013-2014 school year was $30,094 at private colleges.    For in state schools it was $8,893 and $22,203 for out of state students at public schools.   That doesn’t include housing and meals which ran another $10,000 on average and books and school supplies that were about $1,200.   Considering these factors, is the only answer to send your child to an in state school?   Not necessarily.   Here are some ideas on how to get your child in state tuition to an out of state school. By the way, the answer we aren’t searching for is to change your children’s address to a relative that lives in the state where you want your child to go to school.  What the real smart money moves are about, is gaining a better understanding of ...

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