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Tuition Ignition: A week-long series looking at the soaring cost of college at public and private institutions

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One-stop site for government personal finance informationEver wish you could find one place to go for basic financial information about anything? If that’s your wish, you’ll find all that you need at the government’s newly launched MyMoney.gov website, which was developed with financial information from 12 Federal agencies, departments and bureaus that make up the Financial Literacy and Education Commission.

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Tuition Ignition: A week-long series looking at the soaring cost of college at public and private institutions

(Continue the story…)


Filed under: , , , ,

One-stop site for government personal finance informationEver wish you could find one place to go for basic financial information about anything? If that’s your wish, you’ll find all that you need at the government’s newly launched MyMoney.gov website, which was developed with financial information from 12 Federal agencies, departments and bureaus that make up the Financial Literacy and Education Commission.

(Continue the story…)


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College enrollment overall is on the rise, but recession-weary and debt-wary students are being choosier when it comes to selecting academic institutions. But so too, are colleges becoming more selective about admitting students, increasingly putting an emphasis on those they believe can pay their bills and complete a degree. When money — tuition — dictates the student body, what happens to the quality of education?

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paperless billing makes people happyA recent survey of 5,000 nationally-representative adults, sponsored by NACHA, the National Automated Clearing House Association (a group of companies in the payments industry) asked the question: Why do people go paperless when it comes to receiving and paying their bills? The answers:

  • It’s easy to access my statements online — 62%
  • To reduce clutter — 50%
  • To help the environment by reducing paper waste — 49%

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This week, you’ve heard from students and graduates with debt far beyond the average amounts. How far beyond? According to The Project on Student Debt, in 2008, a whopping 67% of graduating students at four-year colleges had debt: averaging $20,000 at public colleges, and nearly $28,000 at private schools.

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Dad probably has two sources of retirement income – a pension and Social Security. Sure, he has a savings account, but chances are, he’s like my mother-in-law. All of that money is in certificates of deposit and U.S. savings bonds and he hasn’t spent any of it in years.

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Will Congress deliver caps on credit card ratesAs the financial reform debate winds its way through Congress, one recently-proposed amendment would offer relief from the many Americans who feel trapped under their debt because of the high interest rates on their credit cards. Senator Sheldon Whitehouse (D-R.I.) created an amendment that would give states the authority to set caps on the maximum interest rate credit card companies could charge.

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Every weekday, Betsy Langston makes a 90-minute drive with her son to Myrtle Beach, S.C. Then, after about three hours there, she drives the same 90 minutes back home to Florence.

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