Kevin Waldron, from Merrill Lynch fills us in on common financial mistakes that college students make and some great advice for parents on how to proactively help their children avoid making these mistakes.
Aug 14
Help for Unemployed College Grads
In the tough job market, grads are finding it increasingly difficult to land a job post graduation, so new programs are focusing their efforts on lending a helping hand. BridgeSpan Financial introduced SafeStart this week, which helps grads who are either unemployed or have loan payments greater than 10% of their income to repay their [...]
Aug 10
Students Transfer In-State to Save
As families struggle to readjust to lower incomes, many students are facing the tough decision of whether or not to transfer to an in-state college to save on tuition and eliminate their housing costs by living at home. In NJ, some colleges are attracting transfers by offering more scholarships and ramping up programs to [...]
Jul 14
Community College Initiative
Obama announced the “American Graduation Initiative” to strengthen community colleges by investing $12 billion over the next 10 years to help 2-year institutions reach, teach and train more people for “the jobs of the future” when the economy recovers and jobs are created. The program would be funded by ending wasteful subsidies to banks and [...]
Jun 30
New Payment Plan for Student Loans
Two-thirds of four-year undergraduates leave college with debt, and many students are graduating without a job, so making loan payments will not be easy. Now there may be a solution.
Beginning tomorrow July 1, a new repayment plan, Income Based Repayment (IBR), will kick into effect for the major types of federal loans made to students. [...]
