by Mara Strom It's a conundrum. When you graduate from college, you'll want to have a good credit score. Everyone from mortgage banks to potential employers will be checking your credit report to see if you are a credit worthy individual. And if you have never had a credit card (or some kind of secured debt, such as a mortgage or car loan), then your credit worthiness will … [Read more...] about 3 Lessons in Credit Card Debt for College Students
Financial Aid News
8 Essential Financial Tips for New College Grads
Hey all you soon-to-be college grads: Congratulations! Whether you have a great job lined up already or not, there's no doubt that the real world is eagerly awaiting you! Even if you majored in finance, however, there is at least one big challenge waiting for you, too: handling your personal finances. The truth is that being a wise steward of your resources is rarely taught … [Read more...] about 8 Essential Financial Tips for New College Grads
529 College Savings Plans Comparisons
The Coverdell Education Savings: This type of college savings plan can be applied to more than college. A Coverdell Education Savings Account can be used as savings for elementary through high school education as well as college. Parents or students may contribute up to $2,000 a year tax-free. A few stipulations are that single parents may not earn more than $110,000 and … [Read more...] about 529 College Savings Plans Comparisons
2 Reasons Not to Hang Your Hopes on Athletic Scholarships
I read an interesting article today about the drawbacks to athletic scholarships. I know not everyone can be a star athlete. But if you really excel at football, cheerleading, soccer, softball or some other team or individual sport, it seems like going for an athletic scholarship might be a great way to pay for college, right? Wrong. At least according to the stats I read … [Read more...] about 2 Reasons Not to Hang Your Hopes on Athletic Scholarships
A Cautionary Tail about Diploma Mills
The Chronicle of Higher Education reported that Rochville University has awarded a dog an M.B.A. Apparently this "diploma mill" of an online college received a check for $499 from Chester Ludlow -- a pug -- and sent in return a package containing a diploma and transcripts. Included as well were a certificate of distinction in finance for the pooch, and a letter documenting … [Read more...] about A Cautionary Tail about Diploma Mills