students http://www.wisebread.com/taxonomy/term/11541/all en-US CSS Is One Source of College Financial Aid You Can't Afford to Overlook http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/student_graduation_cap_72466853.jpg" alt="Student learning about CSS for college financial aid" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When it comes to applying for financial aid for college, most families know about the Free Application for Federal Student Aid (FAFSA). It is important for all college-bound individuals to apply for FAFSA, but there is also another important financial aid program to apply for alongside the FAFSA &mdash; the College Scholarship Service Profile, a.k.a the CSS PROFILE.</p> <p>The CSS PROFILE application is created by the College Board, the same people who create the SAT, and used by over 300 colleges and universities nationwide. Where FAFSA is an application for federal aid, PROFILE is for nonfederal financial aid, usually money that the school has control over doling out. (See also:&nbsp;<a href="http://www.wisebread.com/what-to-do-if-you-didnt-save-for-your-childs-college?ref=seealso">What to Do if You Didn't Save for Your Child's College</a>)</p> <h2>When to Apply to CSS?</h2> <p>Individuals can apply for CSS as early as October 1st. The College Board encourages applicants to fill out their PROFILE no later than two weeks before their school's priority filing period.</p> <h2>Does the CSS Cost Money?</h2> <p>Yes, the CSS PROFILE application costs $25 for the initial application, and $16 for each additional report. However, there is a fee waiver available for low-income students, as well as individuals who have received a fee waiver for the SAT. Typically families who make less than $40,000 a year or individuals under 24 years of age who are orphans and wards of the court will qualify for a fee waiver. (See also: <a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts?ref=seealso">8 Ways College Students Can Save Money Before Class Starts</a>)</p> <h2>Should You Apply for the CSS or FAFSA?</h2> <p>It is very important to note that the CSS does not replace the FAFSA. Instead, it is an additional application required for some colleges. You should apply for both financial aid programs if your school is one of the 300 <a href="https://profileonline.collegeboard.org/prf/PXRemotePartInstitutionServlet/PXRemotePartInstitutionServlet.srv">listed by College Board</a>. If your school is not on the list, then you will not have to fill out the CSS. The list is made up of mostly private schools, and the only state college on the list is Colorado State University.</p> <h2>What Are the Differences Between CSS and FAFSA?</h2> <p>The two applications have quite a few differences that families should be aware of. First off, the CSS calculates family assets and income a little differently than the FAFSA does. This can potentially hurt applicants, causing them to receive less aid.</p> <p>For example, the FAFSA considers gifts made to the parents, including monetary gifts grandparents give to parents for the use of college, as assets. This allows the student to remain eligible for aid. However, CSS considers the same type of gift as income, which would reflect in the aid package.</p> <p>On the plus side, CSS does collect a more in-depth look at your family's finances. For example, the FAFSA does not take into account if you are paying medical expenses or tuition for younger children's schooling. CSS looks at a wide range of circumstances in order to determine what your family can afford.</p> <p>Another important difference to remember is that some schools require divorced families to fill out an additional form. The list of the 300 schools will also inform you if your school wants the details of the noncustodial parent's financial information. If so, you will need to fill out an additional Noncustodial PROFILE.</p> <h2>How Does the CSS Benefit Families?</h2> <p>In many cases, the CSS PROFILE will allow families to receive a financial aid package for 90% to 100 percent of the money they need to attend college. However, it is important to note that this aid package is not always free money. For most families, the financial aid package will also include loans, most likely a mix of private loans and Parent PLUS loans.</p> <p>Families considered high needs, usually those who make less than $40,000 per year, are more likely to receive aid packages that do not have loans in them.</p> <p>Financial aid packages might be presented to families as one lump sum. It is important to sit down with an adviser and know the break down for the aid given. Know what is free aid (aid that never has to be repaid), and know how much of the aid is in the form of loans. It is also important to know what types of loans they are offering to you. You don't want to accept loans at a higher interest than you can get on your own.</p> <p>For more information on the CSS PROFILE, visit the&nbsp;<a href="http://css.collegeboard.org/">College Board</a> website for an interactive tutorial, as well as a list of recently asked questions. You can also talk with your child's college adviser for more information and resources.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-most-common-financial-aid-mistakes-and-how-to-avoid-them">The 10 Most Common Financial Aid Mistakes — And How To Avoid Them</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-borrow-student-loan-money-from-amazon-prime">Should You Borrow Student Loan Money From Amazon Prime?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-do-if-you-didnt-save-for-your-childs-college">What to Do If You Didn&#039;t Save for Your Child&#039;s College</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-money-moves-to-make-the-moment-you-graduate">5 Money Moves to Make the Moment You Graduate</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training college College Board css profile FAFSA federal student aid financial aid student loans students Fri, 30 Sep 2016 10:30:12 +0000 Ashley Eneriz 1801998 at http://www.wisebread.com What Every Parent Should Know About the New College Financial Aid Rules http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/what-every-parent-should-know-about-the-new-college-financial-aid-rules" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_student_books_21091679.jpg" alt="Parents should know about the new college financial aid rules" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>While school just started for many, if your child is college-bound or in college, it's already time to start planning for the next school year. Many families rely on the Free Application for Federal Student Aid (FAFSA) to help shoulder the costs of college, and there have been many new changes to the program. These new changes go into effect this October, so listen up.</p> <h2>New Application Start Date</h2> <p>In the past, families would submit the FAFSA form at the beginning of the new year. However, the new start date is now as early as October 1, 2016. This is a huge change, and if you are in college or have a child in college, you will want to fill the application out that day, or at least in the first few weeks of October.</p> <p>For some states, FAFSA aid is distributed on a first come, first served basis. Individuals who apply earlier have a better chance of receiving aid, including grants, work-study, and federal loans.</p> <h2>Change Tax Information Submissions</h2> <p>Another big change is that individuals will not be required to submit the previous year's taxes, but instead tax information from two years prior. This means for the 2017&ndash;2018 school year, families will send in 2015 information. For families that filled out the FAFSA for the 2016&ndash;2017 year, this means you will be sending in your 2015 tax info two years in a row.</p> <p>This change will make filling out and submitting the FAFSA on time a lot easier, since families used to begin the application process at the beginning of the year. Many families would have to estimate tax information and fix it later on.</p> <h2>Less Asset Protection Could Mean Less Aid</h2> <p>When parents report their finances for their child's FAFSA, a portion of their assets, including savings and investment funds, is not calculated as part of the <a href="http://www.finaid.org/calculators/finaidestimate.phtml">Expected Family Contribution</a> (EFC). This was good news for families with healthy investments but not a lot of liquidity to pay for college.</p> <p>However, the dollar amount of assets exempt from the EFC will drop this year, and will continue to drop in following years. This change could mean less financial aid for many families. This will affect middle-income families that were relying on financial aid the most. However, families with lower incomes will most likely not feel the change.</p> <h2>Don't Fall for These FAFSA Myths</h2> <p>Even though there were three major changes to the FAFSA this year, it is still a free form that all families should fill out. Don't fall for these common FAFSA myths and leave money and aid on the table.</p> <h3>1. My Child's Grades Are Not Good Enough</h3> <p>While some schools use FAFSA applications to award merit-based aid, most aid is needs-based. A good portion of financial aid is awarded based off a family's income and size.</p> <h3>2. I Make Too Much Money to Qualify</h3> <p>Many families often forgo applying for financial aid because they believe they make too much. Even if your income makes you ineligible for aid, colleges give out federal student loans through the FAFSA process. If you plan on taking out federal student loans, which are preferable to private student loans, then you must fill out the FAFSA.</p> <h3>3. I Didn't Qualify Last Year</h3> <p>It is wise to apply for FAFSA each year, even if you didn't qualify for aid the year before. There could be unseen changes to your family that you might not have accounted for, such as two children in college rather than one. Also, with the new changes happening this year, you might qualify for aid.</p> <h3>4. The FAFSA Is Too Confusing to Fill Out</h3> <p>This year, you are now allowed to skip questions that do not relate to your family's financial situations. This should make the process a little easier and streamlined. If you are still having issues with your application, there are many free resources online and offline that can help. Please remember that you should never have to pay someone to file this application, nor should you pay for information regarding the process.</p> <p>Circle October 1st on your calendar and have your tax information ready and easy to access. Even if you don't think you will qualify for aid, apply anyway. And remember: You must apply each and <em>every</em> year your child is in college. This isn't a one-time thing.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-to-make-the-most-of-your-student-loan-grace-period">4 Ways to Make the Most of Your Student Loan Grace Period</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-borrow-student-loan-money-from-amazon-prime">Should You Borrow Student Loan Money From Amazon Prime?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-do-if-you-didnt-save-for-your-childs-college">What to Do If You Didn&#039;t Save for Your Child&#039;s College</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-10-most-common-financial-aid-mistakes-and-how-to-avoid-them">The 10 Most Common Financial Aid Mistakes — And How To Avoid Them</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training changes college FAFSA free application for federal student aid loans rules school student loans students Wed, 28 Sep 2016 09:30:25 +0000 Ashley Eneriz 1801616 at http://www.wisebread.com Should You Borrow Student Loan Money From Amazon Prime? http://www.wisebread.com/should-you-borrow-student-loan-money-from-amazon-prime <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/should-you-borrow-student-loan-money-from-amazon-prime" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_thinking_pencil_86188509.jpg" alt="Woman borrowing student loan money from Amazon Prime" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Amazon Prime has several money-saving benefits for students, including discounted student memberships and textbook rentals. Now, Amazon Prime is offering discounted student loans to its list of perks.</p> <p>Hold up &mdash; Amazon is selling student loans right alongside a <a href="http://amzn.to/2b3wvM0">yodeling pickle</a> and&nbsp;<a href="http://amzn.to/2bzCWDg">unicorn meat</a>? Is that even legal?</p> <p>Amazon is not the actual lender of these loans. Instead, Amazon is partnering with Wells&nbsp;<a href="https://welcome.wf.com/amazonstudent/">Fargo</a> to offer Student Prime members loans at a discounted rate of 0.5%.</p> <p>See also: <a href="http://www.wisebread.com/7-amazon-prime-perks-youve-forgotten-to-use?ref=seealso">7 Amazon Prime Perks You've Forgotten to Use</a></p> <h2>Is There a Catch?</h2> <p>Both Amazon and Wells Fargo are for-profit businesses that are continually looking for creative strategies to increase profits. It was a smart move for both companies, since Amazon will be able to use this perk to increase student prime membership to $49 a year, while also gaining free media coverage. Wells Fargo also benefits from being connected to the largest e-commerce business and its loyal customers.</p> <p>The partnership will allow the bank to have better access to student consumers who can be targeted for many banking products. Overall, it is a win-win partnership for both companies, but will these loans actually benefit borrowers?</p> <h2>Are Student Loans Through Amazon a Good Deal?</h2> <p>Don't get too distracted by the discount Amazon is offering. The loan is still a private student loan through Wells Fargo. Private loans are not eligible for debt forgiveness programs like many federal loans, and sometimes federal loans even have better rates.</p> <p>Private student loans shouldn't be your first choice when seeking to finance a college education. Students should exercise all of their options before driving into debt, including the following:</p> <ul> <li>Federal aid through FAFSA;</li> <li>Scholarships;</li> <li>Grants;</li> <li>Accomplishing the first two years of their degree at a community college;</li> <li>Choosing a state university rather than a private university;</li> <li>Work-study programs;</li> <li>Employment tuition reimbursement programs;</li> <li>Paid internships.</li> </ul> <p>After all of these options are exhausted, then it is best to apply for federal student loans, which have more flexible payment options after graduation. Of course, federal loans have limits on how much a student can borrow, which is why many students turn to private loans.</p> <h2>The Problem With Amazon's Student Loans</h2> <p>Don't be blinded by a discounted interest rate. The 0.5% discount is subtracted from Wells Fargo's usual rates, which are not the lowest among private lenders.</p> <p>Many credit unions will offer discounted rates for being members and enrolling into autoplay, so if private loans are something you are considering, shop around before settling for the Wells Fargo loan.</p> <p>See also: <a href="http://www.wisebread.com/16-amazon-deal-hacks-you-may-not-already-know?ref=seealso">16 Amazon Deal Hacks You May Not Already Know</a></p> <h2>What You Need to Know About Private Student Loans</h2> <p>After graduation, many uncontrollable issues can come up. For example, graduates can struggle getting a job, make less than they expect, or even have a period of illness or disability that does not make work possible. Graduates with federal loans are granted forbearance or deferment. Federal loans can also be eligible for income-based repayment plans to make the monthly payments affordable for each borrower.</p> <p>Many private lenders have forbearance programs in place for cases of unemployment or disability, but acceptance to the program is dependent on the lender. Also, most private lenders will limit the duration of forbearance for unemployment and some might even charge forbearance &quot;fees.&quot; And income-based repayment programs are limited to federal loans.</p> <p>Is foregoing these benefits a risk you're willing to take?</p> <p>UPDATE (September 02, 2016)</p> <p>Just six weeks after announcing their partnership, Amazon and Wells Fargo have ended their private student loan program. Although specific reasons were not given, the end of the partnership was announced shortly after Wells Fargo revealed it had agreed <a href="http://www.wsj.com/articles/wells-fargo-to-pay-4-million-to-settle-student-loan-servicing-probe-1471899134">to pay a $4 million penalty</a> to the Consumer Financial Protection Bureau in response to allegations of illegal student loan servicing practices.</p> <p>For more information about private student loans and how to find the best financing for your college degree, please see the following helpful articles:</p> <ul> <li><a href="http://www.wisebread.com/6-things-every-college-student-must-know-about-private-student-loans?ref=internal">6 Things Every College Student Must Know About Private Student Loans</a></li> <li><a href="http://www.wisebread.com/3-things-you-must-know-about-repaying-your-private-student-loans?ref=internal">3 Things You Must Know About Repaying Your Private Student Loans</a></li> <li><a href="http://www.wisebread.com/3-private-lenders-that-can-really-save-you-money-on-your-student-loans?ref=internal">3 Private Lenders That Can Really Save You Money on Your Student Loans</a></li> </ul> <p><em>What do you think of Amazon and Wells Fargo's partnership to offer discounted student loans?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/should-you-borrow-student-loan-money-from-amazon-prime">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-money-moves-to-make-the-moment-you-graduate">5 Money Moves to Make the Moment You Graduate</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-to-make-the-most-of-your-student-loan-grace-period">4 Ways to Make the Most of Your Student Loan Grace Period</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts">8 Ways College Students Can Save Money Before Class Starts</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training Amazon amazon prime college private loans student loans students Wells Fargo Wed, 24 Aug 2016 10:00:08 +0000 Ashley Eneriz 1777930 at http://www.wisebread.com 9 Freshman Shopping Tips to Cut College Costs http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-freshman-shopping-tips-to-cut-college-costs" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/friends_students_together_76179069.jpg" alt="College freshman using shopping tips to cut costs" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Strapped for cash as a freshman? If not now, you will be soon. That goes double for your parents, who are likely footing a portion of the bill &mdash; from tuition to room and board to all the living essentials you'll need when you move into the dorm. To make the transition from high school to college just a little easier on the wallet for both you and your obligatory benefactors, here are a few ways to cut costs as you head into the first year of university.</p> <h2>1. Don't Buy What You Already Own</h2> <p>At the beginning of every school year, students get a list of suggested (and some mandatory) supplies that they'll need for the year. The good news for you is that you've been in school for 12 years now, and you probably already have more than a few things on the freshman list. That means you don't need to spring for new items if the ones you already own are in good condition.</p> <p>&quot;The extensive list of recommended dorm room essentials will make your head spin and your wallet disappear,&quot; money-saving expert Andrea Woroch quips. &quot;While some suggested items like 'bedding to fit an extra long twin mattress' are necessities, items like towels, hangers, and pillows can likely be packed from home.&quot;</p> <p>Also, use common sense and identify items you can cross off the list indefinitely, like a drying rack for laundry (you can hang your clothes around the room) and any stand-alone device that's also in your phone: alarm clock, camera, calculator, MP3, etc.</p> <h2>2. Split Big-Ticket Costs With Your Roommate(s)</h2> <p>If you want a few conveniences of home in your dorm room &mdash; like a fridge or microwave &mdash; considering going halfsies with your roommate(s). Contact your roommates ahead of time to discuss those big-ticket purchases that will be shared among everyone, and how to effectively split the cost. Consider downloading a bill-splitting app to simplify this process. (See also: <a href="http://www.wisebread.com/5-modern-ways-to-split-the-bill?ref=seealso">5 Modern Ways to Split the Bill</a>)</p> <h2>3. Stock Up on Penny Deals</h2> <p>&quot;When it comes to basic school supplies like pens, notebooks, folders, and sticky notes, it's best to search for penny deals offered during the back-to-school shopping rush and watch for rotating discounts every week,&quot; Woroch suggests.</p> <p>I've seen these types of deals at several popular retailers lately, including Target, Wal-Mart, and Staples, though they're not limited to these stores. Hit them at the right time and you'll walk away with much of what you'll need for classes &mdash; pens, pencils, notebooks, and more &mdash; for just few bucks. You also can access circulars online or via the&nbsp;<a href="https://flipp.com/">Flipp app</a> for quick comparison.</p> <h2>4. Treat Your Old Wardrobe Like It's Brand-new</h2> <p>Everybody loves to go back-to-school clothing shopping. Heck, I'm 35-years-old and I still use this time of year as an excuse to freshen up my wardrobe. If you're on a tight budget, however, consider that your existing wardrobe will be brand-new to everyone at college since nobody has ever seen you before. If you <em>must</em> add a few new pieces to your closet, shop end-of-season sales, clearance sections, or pop into a few secondhand shops (some of which can be found online today).</p> <h2>5. Eat Where It's Free or Discounted</h2> <p>When I was in college, my friends and I had a propensity for buying late-night pizza or bingeing on junk food in our rooms all hours of the day. The problem with this strategy (besides its quick contribution to your Freshman 15) is that it costs a lot of money.</p> <p>To trim some of this expense, eat most of your meals in your cafeteria and take small items back to your room for later, like fruit, bagels, chips, or fixings for peanut butter and jelly sandwiches. Or, if you're super stealthy, bring an empty food storage container and confiscate heartier meals, like chicken fingers, salads, and your other favorites to scarf down when the cafeteria is closed. If you do plan to go out to eat, identify nights that are easy on your wallet, including half-price apps at happy hour, student nights, and special dish night, like 25-cent wing night or the like.</p> <h2>6. Rent Your Textbooks Instead of Buying Them</h2> <p>Before you buy your textbooks outright, I want you to ask yourself one question: What will you do with that book when the course is over? Your answer is nothing &mdash; except sell it back for a mere fraction of the price you originally paid. And that's if you can even sell it back at all. Publishers are really great at &quot;updating&quot; textbooks and discontinuing previous editions so that the school can require you to purchase the latest version. Because what're you going to do, drop out of school? Uh huh &mdash; they've got you right where they want you.</p> <p>Alas, two can play that game. Woroch explains.</p> <p>&quot;It's no surprise that textbooks represent the biggest line item in your college budget,&quot; she says. &quot;The National Association of College Stores (NACS) estimates the average student spends $655 on these study essentials every year. To save big bucks, skip the overpriced campus store and head straight to an online textbook rental site such as&nbsp;<a href="http://www.chegg.com/textbooks">Chegg</a> and&nbsp;<a href="http://www.campusbookrentals.com/">Campus Book Rentals</a> to save over 70%. To ensure you're not slapped with any fees at the end of the semester, keep the book in pristine condition and avoiding highlighting or marking up the margins.&quot;</p> <h2>7. Go Grocery Shopping in Groups</h2> <p>Need to stock up on groceries? Get a group together &mdash; which is especially helpful for those who don't have vehicles on campus &mdash; and charge a couple bucks per person for gas. At the store, buy the things you'd like for yourself, but go in equally for items that may be shared by the group, like cereal, coffee, chips, and ramen.</p> <h2>8. Use Your Student ID Everywhere You Go</h2> <p>One of the best parts of being a student is using the student discount wherever it's available. I kept my student ID for years after college, and that granted me savings on clothing, movies, food, electronics, and more for years well past its prime. Of course, you should take advantage of it while you're in college, too. As a general rule of thumb, before you purchase anything anywhere, ask if they offer a student discount. Many establishments do, and that simple question will keep more money in your pocket.</p> <h2>9. Search for Open Box or Refurbished Electronics</h2> <p>In a recent survey, the National Retail Federation found that many colleges and universities require incoming and current students to bring their own computers, so a new laptop is likely on the top of your shopping needs. Instead of investing in the newest and most expensive model, search for open box or refurbished options. Best Buy typically has open box items set up on their salesroom floor, while online vendors such as&nbsp;<a href="http://www.newegg.com/Open-Box/Store">Newegg</a> have webpages dedicated to these lower-priced options with discounts on open box laptops ranging from 10% to 40%. Apple also offers refurbished MacBooks and iPads, so always check these options before you buy.</p> <p><em>Are you heading into your freshman year of college, or have a kid who's starting their freshman year? How are you saving on supplies and other essentials? I'd love to hear from you in the comments below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-saving-hacks-every-college-student-should-try">8 Money-Saving Hacks Every College Student Should Try</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts">8 Ways College Students Can Save Money Before Class Starts</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/upromise-world-mastercard-credit-card-review">Upromise World MasterCard Credit Card Review</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students">Don&#039;t Skip These 8 Tax Breaks for Students</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Shopping back-to-school classes clothes college discounts dorms freshmen roommates students supplies textbooks Thu, 18 Aug 2016 10:30:07 +0000 Mikey Rox 1773246 at http://www.wisebread.com 8 Money-Saving Hacks Every College Student Should Try http://www.wisebread.com/8-money-saving-hacks-every-college-student-should-try <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-money-saving-hacks-every-college-student-should-try" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/college_students_happy_87827713.jpg" alt="College students learning money-saving hacks" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Don't let the costs of college loom over your head. Use these seven financial hacks to cruise through college and save thousands off your overall experience.</p> <h2>1. Rent Your Textbook Through Amazon</h2> <p>No need to buy every textbook, especially with <a href="https://www.amazon.com/Rent-Textbooks/b?ie=UTF8&amp;node=5657188011">Amazon's rental textbook program</a>. My sister rents all of her textbooks through Amazon and saves $50&ndash;$100 off each book. For example, she rented <em>Multicultural Education in a Pluralistic Society</em> (9th Edition) for a recent class for $37.45. The new price of the book is $138.47 and the used price is $67.48. Amazon Prime covered shipping costs.</p> <h2>2. Research Book Costs Before Enrolling</h2> <p>When you first start taking college classes, you will have more flexibility over which classes you can choose, especially when you need to fulfill the GE requirement of your degree. Choose your class based on textbook and material fee cost, if possible. I signed up for a psychology class in my freshman year, but the textbook was written by the teacher and would cost $190. Since there was not a way find the book used, I dropped the class within the acceptable time period and took another class that fulfilled the requirement and had $20&ndash;$30 in book costs.</p> <p>Often you can borrow the textbook from the university library. At my school, the recent edition textbooks were only lent out for in-library use for an hour, but that was usually enough time to finish my work.</p> <p>See also:&nbsp;<a href="http://www.wisebread.com/8-part-time-jobs-that-offer-college-benefits?ref=seealso">8 Part-Time Jobs That Offer College Benefits</a></p> <h2>3. Piggyback Your Degree With Community College Courses</h2> <p>I graduated debt-free, and one of the major things that helped me do that was the abundance of community college courses I was able to take. My university allowed 70 community college transfer units. With the help of online classes, I was able to enroll in two local community colleges that increased the type of classes that I could transfer to my degree.</p> <p>I simply looked up agreements between my university and my two local community colleges and took as many classes as possible. One semester, I was enrolled and taking classes at three colleges at once. This also allowed me to take more than 18 units, which allowed me to finish my degree in three years, instead of four. All of this saved me five semesters at my university, which means I saved roughly $20,000.</p> <h2>5. Test Out of Classes</h2> <p>Research the possibility of testing out of some college classes. This can help you avoid boring and costly introduction classes that you already are knowledgeable in. The&nbsp;<a href="https://clep.collegeboard.org/">College-Level Examination Program (CLEP)</a> is accepted by over 2,900 colleges. The CLEP site allows you to search which colleges allow which test, though you will have to find out the maximum amount of credit your university allows through CLEP. The test costs $80, but military personnel may be eligible to receive funding for the cost of CLEP exams.</p> <h2>6. Check Out Local Thrift Stores</h2> <p>Shop at thrift stores that are near your university for a better chance to find apparel with your college's logo on it, as well as still-relevant textbooks. You can score both inexpensively, and either keep them for yourself, or sell them for more online or to other students via sale fliers on the campus' public bulletin board.</p> <h2>7. Become a Resident Assistant (RA)</h2> <p>Movies usually portray resident assistants as overbearing college students who have been on campus for almost a decade. However, the job can be fun and the free rent is definitely a perk that will save you $8,000 to $12,000 a year. Know that these positions are usually competitive, so make your application stand out, and volunteer for other on-campus events to show you have school spirit.</p> <h2>8. Get on a Family Plan</h2> <p>There are many different family plans that you can share to save money. The most popular family plans are offered through cellphone providers. Being on a family plan rather than on your own individual plan can save you $50&ndash;$100 a month off your cellphone bill.</p> <p>Family plans are not just for cellphones, though. You can save money by sharing TV streaming, Amazon Prime, Uber, and more. (See also: <a href="http://www.wisebread.com/how-family-plans-can-save-you-tons?ref=seealso">How Family Plans Can Save You Tons</a>)</p> <p>College is expensive, but that doesn't mean you have to drown in debt to get your degree. Living frugally and minimizing living costs in college will make it easier to once you graduate.</p> <p><em>What are your favorite ways to save money while in college? Already a graduate? Share your experience of frugal college living.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/8-money-saving-hacks-every-college-student-should-try">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">9 Freshman Shopping Tips to Cut College Costs</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts">8 Ways College Students Can Save Money Before Class Starts</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-your-child-can-earn-college-credits-in-high-school-for-cheap">How Your Child Can Earn College Credits in High School (For Cheap)</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/upromise-world-mastercard-credit-card-review">Upromise World MasterCard Credit Card Review</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Shopping classes college community college hacks rent free saving money school students textbooks Mon, 15 Aug 2016 09:30:24 +0000 Ashley Eneriz 1771548 at http://www.wisebread.com 8 Career Mistakes New Grads Make http://www.wisebread.com/8-career-mistakes-new-grads-make <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-career-mistakes-new-grads-make" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/new_grad_unemployed_85374233.jpg" alt="Woman making career mistakes new grads make" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>After four long years of studying hard, budgeting every thin dime, and learning the finer points of a ramen-based cuisine, you've finally graduated. As you toss that mortar board in the air and begin the job hunt, be mindful of common pitfalls that can get your career off to a bad start. Here are eight career mistakes new grads make.</p> <h2>1. Keeping Social Media Accounts Public</h2> <p>It's called <em>social </em>media for a reason. No matter how run-of-the-mill our Facebook or Twitter posts may be, we always run the risk of offending someone for something. Assume every potential employer will attempt to review your online presence early in the hiring process. If you can't <a href="http://www.wisebread.com/5-ways-to-break-your-social-media-habit">break your social media habit</a> completely, set your status to &quot;private&quot; across all networks and control the conversation.</p> <h2>2. Not Having a Plan</h2> <p>Without a plan, your career can take on a life of its own &mdash; and not in a good way. Think of your career as an extension of your education and design a plan for short-term and long-term success. Where do you want to be in three years? What about in 10? What are your income and lifestyle goals? What will it take to reach them? Shape every job search around specific incremental moves that will help make your plan a reality and avoid taking any job &quot;just because.&quot;</p> <h2>3. Not Dressing the Part</h2> <p>In today's hyper-casual culture, most young people have never learned how to dress for business success. Invest in an interview wardrobe that reflects the sort of professional you want to become. Choose versatile pieces that are understated, classically styled, and fit flawlessly. Oh, and two more things: Rediscover the lost art of ironing and remember that club wear is not formal wear. (See also: <a href="http://www.wisebread.com/build-a-work-wardrobe-for-any-job-on-a-budget?ref=seealso">Build a Work Wardrobe for Any Job on a Budget</a>)</p> <h2>4. Submitting Standardized Resumes and Cover Letters</h2> <p>Hiring managers are impressed by applicants who do their research. Avoid the &quot;click-apply-submit&quot; job search method by taking a few minutes to learn about each company you're interested in and each role you're applying for. Then, customize your resume and cover letter to address the employer's specific needs.</p> <h2>5. Jumping on the First Job Offer</h2> <p>Getting your first job offer after college is exciting and flattering, but don't let that cloud your judgment. Before you accept that job, know why. How does it fit with your career plan? Is it something you'll excel at and enjoy? Is there an obvious path for advancement? Does it pay enough to cover your expenses?</p> <h2>6. Buying a New Car</h2> <p>It happens so often it's almost cliché: A new graduate receives her first real paycheck, gets a little cash drunk after four lean years of college, and rewards herself with a brand-new car. This isn't just a financial mistake; it's a career mistake, too. That new car you'll be paying off for the next five years depreciated 25% the minute you drove it off the lot. And now you can't risk even a temporary hiccup in income and wouldn't dare settle for a more fulfilling job that pays less.</p> <p>A better option is to stay lean and nimble the first few years in your career by avoiding all forms of consumer debt. Remember, you're not sure where your professional life will take you &mdash; be ready to seize new opportunities. (See also: <a href="http://www.wisebread.com/3-reasons-why-you-should-never-buy-a-new-car?ref=seealso">3 Reasons Why You Should Never Buy a New Car</a>)</p> <h2>7. Gunning for a Promotion</h2> <p>First jobs are exciting and some newly-minted employees can get overeager to prove themselves. But trying to move up the corporate ladder too early can alienate coworkers and suggest to management that you're dissatisfied. Pace yourself by fully investing in your current role, building a strong network with colleagues, and waiting for the right opportunity to come along.</p> <h2>8. Freaking Out and Going Back to School</h2> <p>Overwhelmed by responsibility and underwhelmed by the glacial pace of career advancement, many new graduates respond by going back to school to pursue an advanced degree. A few years later, they've amassed more debt, lost valuable career-building time, and still have no clear plan for success. Be strategic. If you're unhappy with your work life, explore ways to <a href="http://www.wisebread.com/how-to-make-a-major-career-switch-without-going-back-to-school">shift careers without further schooling</a>. And if you decide to return to college, make sure it's a proactive and not a reactive decision.</p> <p><em>What advice would you give new grads? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kentin-waits">Kentin Waits</a> of <a href="http://www.wisebread.com/8-career-mistakes-new-grads-make">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-ways-youre-being-a-terrible-employee">12 Ways You&#039;re Being a Terrible Employee</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/book-review-the-adventures-of-johnny-bunko">Book review: The Adventures of Johnny Bunko</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-answer-23-of-the-most-common-interview-questions">How to Answer 23 of the Most Common Interview Questions</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-deal-when-you-work-with-someone-you-hate">8 Ways to Deal When You Work With Someone You Hate</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-dream-jobs-youre-never-too-old-to-pursue">9 Dream Jobs You&#039;re Never Too Old to Pursue</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building career career advice career mistakes grads graduation life lessons new grads students Wed, 22 Jun 2016 09:00:04 +0000 Kentin Waits 1736431 at http://www.wisebread.com 8 Money Moves Students Should Make During a Gap Year http://www.wisebread.com/8-money-moves-students-should-make-during-a-gap-year <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-money-moves-students-should-make-during-a-gap-year" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_travel_selfie_58375086.jpg" alt="Man making money moves during his gap year" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Parents and soon-to-be college students are giving the gap year a second look after the White House announced that Malia Obama will be taking one <a href="http://www.nytimes.com/2016/05/02/us/politics/malia-obama-to-attend-harvard-but-not-until-2017.html?_r=1">before attending Harvard in 2017</a>. Also popularized by England's Prince Harry, who famously took time out for ranching in Australia and volunteer work in Africa in 2004, the gap year is a break between high school and the start of a person's higher education (or between college and graduate school).</p> <p>Most often, the gap year is used by young people as an opportunity to see the world, explore new cultures, immerse themselves in a nonacademic pursuit, work a job or internship, or volunteer for a cause. The goal is to gain valuable life experience before delving deeper into academics, trade school, military service &mdash; wherever your next step in life takes you.</p> <p>Of course, a year of self-exploration doesn't come free. Read on for our student guide to prepping finances for a gap year.</p> <h2>1. Start Saving a Year Out</h2> <p>How much a gap year will cost depends on how you plan to use it. So, map out your yearlong plan, estimating how much money you'll need. Of course, plans change. And that's okay. All you really need is a good estimate to get you motivated to start saving.</p> <h2>2. Open a Gap Year Bank Account</h2> <p>Now that you've got a savings goal, open up a separate bank account to house your gap year fund drive. To make your big funding goal seem more achievable, break it down into smaller, more manageable monthly and weekly goals. This will keep you from feeling overwhelmed. Next, devise a plan for reaching these mini-fundraising goals. Will you cut down on weekend spending? Will you get a part-time job or pick up extra hours at your existing gig? Whatever you decide, be sure to hold yourself accountable.</p> <h2>3. Apply for a Grant or Scholarship</h2> <p>There are plenty of grants and scholarships out there created specifically to ease the financial burden of enrichment programming and travel during the gap year. If you have interest in visiting the Middle East, for example, a grant from Unofficial Ambassadors' <a href="http://unofficialambassadors.com/our-programs/aua-mosaic-scholarship/">Mosaic Grants Program</a> can make the experience more affordable. If you have demonstrated leadership in tackling issues aimed at protecting the environment, the <a href="http://www.broweryouthawards.org/">Brower Youth Awards</a>, which is an initiative by Earth Island Institute, divvies out $3,000 scholarships to young people each year.</p> <p>Be sure to also check out any opportunities offered by your prospective university or college as well as local organizations in your area. In Humboldt County, California, for example, there's a&nbsp;<a href="http://www.americangap.org/humboldtscholarship.php">generous annual scholarship</a> that offers up to $6,000 to gap year students who are seeking participation in a program accredited by the American Gap Association. Schools including Tufts University and the University of North Carolina have financial aid programs for gap year students, as well.</p> <h2>4. Give Creative Fundraising a Shot</h2> <p>There are so many ways to rake in extra cash. Just ask the twin teens from England who used their gap year to cultivate a loyal following on a YouTube channel that has earned them <a href="http://www.telegraph.co.uk/lifestyle/9544479/YouTube-videos-funded-our-gap-year-travels.html">tons of money in advertising</a>, which funded their year of travel. Other ideas: Launch a crowdfunding campaign or host an event &mdash; battle of the bands, pool party, theatrical performance &mdash; to which you sell tickets that will cover your expenses.</p> <h2>5. Invest in Traveler's Insurance</h2> <p>If you plan to travel abroad during your gap year, organizations such as <a href="https://www.internationalsos.com/">International SOS</a> offer top-notch insurance policies that can save you hundreds or thousands of dollars should something go wrong. Let's hope you never need it. Truth be told, most of the time traveler's insurance does end up being a waste of money. But should you ever need to cover the cost of inconveniences such as a last-minute trip cancellation, emergency medical evacuation, or lost luggage, you'll be more than glad that you have it.</p> <p>Of all the expenses to skimp on while traveling abroad, don't let insurance be one of them. After you choose a plan, be sure to do your research so that you know exactly what it covers &mdash; and what it doesn't.</p> <h2>6. Learn the Ins and Outs of Your Bank's ATM Fees</h2> <p>Commit to memory the occasions on which your bank will hit you with an ATM fee. Then be sure to avoid them. While a few dollars here and there might not seem like much, over time they can really add up. Just as there's no reason to throw money out the window, there's no reason to not educate yourself on your bank's ATM fee policies.</p> <h2>7. Devise a Strategy for Accessing Day-to-Day Funds Abroad</h2> <p>Despite fees, ATMs are still the best bet for accessing money abroad. If your travels are set to land you in a major international airport, you'll likely get the best rate by withdrawing cash in the local currency from an ATM upon arrival to your destination city. While it can be comforting to travel with some local currency already in your pocket, having that convenience will cost you. You'll have to fork over a commission fee to exchange money at a bank or ATM in the U.S.</p> <p>However, if you'll be flying into a smaller airport, there may not be any ATMs &mdash; or at least not any properly functioning ones &mdash; when you get there. In this case, it's best to travel with about $100 in the local currency so that you can pay for immediate expenses, such as food and transportation, without hassle. Once you journey outside the airport, you can find an ATM and withdraw more local money at a better rate.</p> <h2>8. Reapply for FAFSA</h2> <p>Students who qualify for federal financial aid before deferring college for a year must reapply the next year by filling out the Free Application for Federal Student Aid. So long as the finances of the student's family don't change in a major way, the student will likely receive the same financial aid package. Also, students who have secured a scholarship from their university can sometimes negotiate to have the aid held for them until their delayed matriculation. So if you have a university or college-funded scholarship, be sure to inquire about how you can go about receiving the award after your gap year.</p> <p><em>Did you &mdash; or will you &mdash; take a gap year? What'd you do? How did you prepare your finances before you left?</em></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <p>&nbsp;</p> <p style="text-align: center;"><a href="//www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F8-money-moves-students-should-make-during-a-gap-year&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F8%20Money%20Moves%20Students%20Should%20Make%20During%20a%20Gap%20Year.jpg&amp;description=8%20Money%20Moves%20Students%20Should%20Make%20During%20a%20Gap%20Year" data-pin-do="buttonPin" data-pin-config="above" data-pin-color="red" data-pin-height="28"><img src="//assets.pinterest.com/images/pidgets/pinit_fg_en_rect_red_28.png" alt="" /></a> </p> <!-- Please call pinit.js only once per page --><!-- Please call pinit.js only once per page --><script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script></p> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/8%20Money%20Moves%20Students%20Should%20Make%20During%20a%20Gap%20Year.jpg" width="250" height="374" alt="" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/8-money-moves-students-should-make-during-a-gap-year">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-get-college-kids-home-for-the-holidays-for-cheap">6 Ways to Get College Kids Home for the Holidays for Cheap</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">9 Freshman Shopping Tips to Cut College Costs</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-stop-student-loans-from-ruining-your-life">How to Stop Student Loans From Ruining Your Life</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students">Don&#039;t Skip These 8 Tax Breaks for Students</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Travel atm fees bank accounts college financial aid gap year scholarships self exploration students traveling abroad Tue, 21 Jun 2016 10:00:10 +0000 Brittany Lyte 1735468 at http://www.wisebread.com 7 Amazon Prime Perks You've Forgotten to Use http://www.wisebread.com/7-amazon-prime-perks-youve-forgotten-to-use <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-amazon-prime-perks-youve-forgotten-to-use" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_music_headphones_000091734517.jpg" alt="Woman forgetting to use her Amazon Prime perks" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>With the recent news of Amazon changing <a href="http://www.nytimes.com/2016/04/18/business/amazon-challenges-netflix-by-opening-prime-to-monthly-subscribers.html">how they charge for Prime</a>, and allowing users to pay on a month-by-month basis, it has many revisiting their membership and asking themselves if they're using Prime to its fullest potential. It's with this frame of mind that I wanted to talk about some of the lesser known Prime perks. After all, Amazon Prime these days is much more than just free two-day shipping, and some of these perks can actually replace monthly premium pay services and help reduce your overall entertainment costs.</p> <h2>1. Unlimited Photo Storage</h2> <p>One of the least used Prime perks is the free <a href="https://www.amazon.com/clouddrive/primephotos">unlimited photo storage service</a>. Their cloud drive is secure and allows you to upload and access photos from your PC, mobile device, or via any web connection. So the next time your smartphone or SD card on your digital camera is reaching capacity, you can easily upload your photos to the Amazon cloud.The only limit that Amazon places on your cloud storage is with 1080p video &mdash; you're only allowed 5GB of storage, where the Google free storage option allows unlimited storage.</p> <h2>2. Prime Music</h2> <p>The <a href="http://amzn.to/1TuI49b">Amazon Prime Music Streaming Service</a> has gotten much better in recent months and is worth revisiting. Its improvements make it a fantastic alternative to premium pay music services like Spotify Premium and Pandora One. For example, all Prime Music Stations and custom created playlists now offer ad-free listening with unlimited skips, making it very comparable to premium services. You can now also download songs directly to your listening device, allowing for offline playback when an Internet connection is not available.</p> <h2>3. Prime &quot;Early Access&quot; Deals</h2> <p>As a Prime member, have you ever heard of a site called <a href="http://www.myhabit.com/">MyHabit</a>? If you're like most members, probably not, but it's definitely worth a look as it's owned by Amazon and specializes in highly discounted clothing, shoes, handbags, jewelry, and home items. The deals, often in the 70% off range, are only available to registered Amazon members, and <a href="http://www.myhabit.com/help/201612240">30-minute early access</a> to these deals is granted only to Prime members. Once on the MyHabit website, simply look for the Early Access logo and start your bargain shopping before popular items get snatched up by non-Prime members. It's also worth mentioning that, unfortunately, free two-day Prime shipping is not available on your orders from MyHabit. Their standard shipping rate is a flat $5.95.</p> <h2>4. Amazon Prime Pantry</h2> <p>Another perk that many busy families are not taking advantage of is <a href="http://amzn.to/1YaPEKg">Prime Pantry</a>, which offers &quot;low-priced everyday essentials in everyday sizes, delivered to your home.&quot; The key takeaway to their tagline is &quot;everyday sizes,&quot; as you no longer have to order in bulk and hope you use it all. You can now order the amount that you'll actually use. As long as it fits in your &quot;virtual box,&quot; you'll get it delivered to your doorstep for a flat $5.99. It becomes kind of a fun game to follow your box &quot;fill-percentage&quot; while building your online order. Popular <a href="http://www.wisebread.com/can-you-really-save-with-amazon-prime-pantry">Amazon Pantry</a> product categories include groceries, snacks, household, pet supplies, and baby care. If you've never explored this Prime service, and you could use some help keeping your kitchen pantry full, it's definitely worth a look.</p> <h2>5. Free Video Streaming</h2> <p>Are you a Prime member and currently paying for an online streaming service like Netflix or Hulu Plus? If so, you probably haven't explored <a href="http://amzn.to/1TuIa0B">Prime Video</a> recently. For many users, it has become an excellent replacement for the above mentioned pay services. Improvements in recent months include several highly rated Amazon original series, more monthly-added Prime movies and TV shows, and an easier to navigate interface.</p> <h2>6. Amazon Family</h2> <p>My wife and I had our Prime membership for two years before we took the time to see if the<a href="http://amzn.to/1WL7GDR"> Amazon Family</a> program (formerly Amazon Mom) could benefit us. Come to find out, I wish we had used it much earlier as it saves us a lot of time and money every month. Straight from their site, &quot;Amazon Family provides Prime members exclusive family-oriented offers, coupons, age-based recommendations, 20% off diaper subscriptions, and a 15% Baby Registry completion discount.&quot; The 20% diaper savings alone would have been of a great benefit. Also, if you have young children, the coupon offers will often save you 15%&ndash;20% on baby health items, baby food, as well as kitchen and beauty items.</p> <h2>7. Free Trial for Students</h2> <p>I was just recently chatting with a college freshman, and he was telling me about all the things he needed to buy for his dorm room. I asked if he had taken advantage of the <a href="http://amzn.to/1YaQcj2">free six-month Amazon Prime</a> trial that they offer. Surprisingly, he had never heard of it and was excited to get the free two-day shipping on all products sold directly by Amazon. It's worth noting that other perks like Prime Video, Prime Music, and the Kindle Lending Library are not available during the trial period. But after your six-month trial ends, you'll have the option to purchase Amazon Prime for 50% off the $99 price tag at which point you'll gain access to all the Prime perks.</p> <p><em>How do you use Amazon Prime to its fullest potential? Or if not a member, do any of these perks sway your decision to join?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kyle-james">Kyle James</a> of <a href="http://www.wisebread.com/7-amazon-prime-perks-youve-forgotten-to-use">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/16-amazon-deal-hacks-you-may-not-already-know">16 Amazon Deal Hacks You May Not Already Know</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-things-you-should-always-order-on-amazon">10 Things You Should Always Order on Amazon</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-best-discount-shopping-days-of-the-year">7 Best Discount Shopping Days of the Year</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-avoid-sneaky-online-price-changes">6 Ways to Avoid Sneaky Online Price Changes</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-little-known-amazon-shopping-hacks">5 Little Known Amazon Shopping Hacks</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping Amazon early access deals free shipping music online shopping Prime prime pantry students Wed, 18 May 2016 10:00:09 +0000 Kyle James 1706851 at http://www.wisebread.com 5 Most Common Tax Mistakes Made by College Grads http://www.wisebread.com/5-most-common-tax-mistakes-made-by-college-grads <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-most-common-tax-mistakes-made-by-college-grads" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/000059339990.jpg" alt="College grads making common tax mistakes" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Attention grads: While you may be done with college, you aren't off the hook from major assignments. One of those major assignments is filing your tax return, and this is one assignment deadline that you don't want to miss.</p> <p>This year, Monday April 18th is the deadline to file your federal taxes. (Residents of Maine and Massachusetts get an extra day!) With time running out, it&rsquo;s important to file your return correctly the first time around. Be on the lookout for the five most common tax mistakes made by college grads.</p> <h2>1. Not Claiming Education Credits</h2> <p>According to a 2014 study from H&amp;R Block, only two-thirds of Americans eligible for <a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students">tax breaks for students</a> actually claim them! Within those tax breaks, the American Opportunity Credit and the Lifetime Learning Credit stand out because they can reduce your tax bill by up to $2,500 and $2,000, respectively.</p> <p>Unlike other tax deductions, the American Opportunity Credit can still get you a refund even when you don't owe any federal income tax. If the American Opportunity Tax Credit brings the amount you owe to zero, you can have 40% of the remaining amount of the credit (<a href="http://www.irs.gov/Individuals/AOTC">up to $1,000</a>) refunded to you.</p> <p>While the American Opportunity Tax Credit requires you to not have finished the first four years of higher education at the beginning of the tax year, the Lifetime Learning Credit doesn't require students to be working toward a degree. You're eligible to claim this credit as long as you're taking at least one class.</p> <p>Bonus: If you're taking a sabbatical from your recent graduation and are eligible to be claimed as a dependent by your parents, they can claim these credits in their own return.</p> <p>File <a href="http://www.irs.gov/pub/irs-pdf/f8863.pdf">Form 8863</a> with your federal return to claim the American Opportunity and Lifetime Learning Credits.</p> <h2>2. Not Filing Taxes When Abroad</h2> <p>Talking about sabbaticals, you still need to check with Uncle Sam every year during tax season even when you're abroad. Your worldwide income is subject to U.S. income tax, no matter where you live.</p> <p>The good news is that when you expect to get a refund or not to owe any federal taxes, you can take advantage of the <a href="https://www.irs.gov/Individuals/International-Taxpayers/U.S.-Citizens-and-Resident-Aliens-Abroad---Automatic-2-Month-Extension-of-Time-to-File">automatic two-month extension</a> to file your return. However, if you believe that you will owe federal taxes, then file by the regular deadline (April 15 most years) to avoid paying applicable interest charges or penalties.</p> <h2>3. Forgetting About Moving Expenses</h2> <p>Chances are that your first job after graduation will require you to move. No matter whether you move away from your college dorm, parent's home, or own rental, double check how far away your new job location is from your old residence. If the distance is <a href="https://www.irs.gov/uac/Moving-Expense-Deduction">at least 50 miles</a>, then the IRS allows you itemize several moving expenses, including:</p> <ul> <li>Transportation and storage of household goods and personal effects within any period of 30 days in a rows after date of move;<br /> &nbsp;</li> <li>Insurance for those household goods and personal effects before delivered to your new home;<br /> &nbsp;</li> <li>Out-of-pocket expenses for gas and oil or mileage at 23 cents a mile, in case you drive for the move; and<br /> &nbsp;</li> <li>Parking fees and tolls.</li> </ul> <p>Use <a href="https://www.irs.gov/pub/irs-pdf/f3903.pdf">Form 3903</a> to figure out whether or not you can deduct your moving expenses and what is your allowable moving expense deduction.</p> <h2>4. Withholding Too Much in Taxes</h2> <p>Whether you graduate in the spring, summer, or fall, you would expect to be employed fewer than 245 days (about eight months) during the current calendar year. In that case, you can ask your employer to use the <a href="https://www.irs.gov/publications/p505/ch01.html#en_US_2016_publink1000194430">part-year withholding method</a> so that less tax is withheld from each of your paychecks.</p> <p>IRS Publication 505 states that you must ask your employer in writing to use this method. In your letter, make sure to include these three items:</p> <ul> <li>Date of your last day of work for any prior employer during the current calendar year;<br /> &nbsp;</li> <li>Statement that you don't expect to be employed more than 245 days during the current calendar year; and<br /> &nbsp;</li> <li>Statement that you're using the calendar year as your tax year.</li> </ul> <p>If your employer approves your request, the HR department will use the regular percentage method tables from Publication 15 with adjustments for your part-year employment. This is the best way to maximize those first-year checks. Remember that you don't earn interest on refunds!</p> <h2>5. Miscalculating Student Loan Interest</h2> <p>Mom and Dad are always willing to lend you a helping hand and may have footed your student loan payments until you landed your first post-graduation job. In that case, and as long as you're not claimed as a dependent by your parents, you can deduct up to $2,500 of interest paid on qualifying student loans by them from your income subject to tax every year. Just make sure to let your parents know that they won't be able to deduct those interest payments from their own return.</p> <p>Even when you're making student loan payments yourself, you can still deduct up to $2,500 of the interest payments. To be eligible to claim this deduction in 2016, your modified adjusted gross income (MAGI) must be less than $80,000 if single, head of household, or qualifying widow(er), or $160,000 if married filing a joint return.</p> <p>To figure out your student loan interest deduction, check Form 1098-E from the institution that receives interest payments made on your behalf or paid by you. Your interest deduction is gradually reduced when your MAGI is between $65,000 and $80,000 ($130,000 and $160,000 if you file a joint return).</p> <p>Let's imagine that you paid $2,600 on interest for a qualified student loan throughout 2015. Assuming you file your return as single, here's how much you could deduct based on your 2015's MAGI:</p> <ul> <li><strong>MAGI is $50,000</strong>: You can deduct the full $2,500.<br /> &nbsp;</li> <li><strong>MAGI is $70,000:</strong> You need to phase out your student loan interest deduction using rules from <a href="http://www.irs.gov/publications/p970/ch04.html">IRS Publication 970</a>: $2,500 x ($70,00-$65,000)/$15,000 = $833.33. Your eligible student loan interest deduction would be $2,500 - $833.33 = $1,666.67.<br /> &nbsp;</li> <li><strong>MAGI is $85,000</strong>: You can't deduct any student loan interest payments.</li> </ul> <p><em>Have you made any of these tax mistakes?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/5-most-common-tax-mistakes-made-by-college-grads">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-student-loans-impact-your-taxes">4 Ways Student Loans Impact Your Taxes</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students">Don&#039;t Skip These 8 Tax Breaks for Students</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tax-tricks-to-try-if-youre-stuck-with-student-loans">8 Tax Tricks to Try if You&#039;re Stuck With Student Loans</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-important-tax-changes-for-2016">5 Important Tax Changes for 2016</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Taxes abroad college grads deductions IRS moving expenses student loans students Tue, 12 Apr 2016 09:00:13 +0000 Damian Davila 1687443 at http://www.wisebread.com Don't Skip These 8 Tax Breaks for Students http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/dont-skip-these-8-tax-breaks-for-students" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/female_student_000051988928.jpg" alt="Female student finding helpful tax deductions and breaks" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Dear students, I'm sure that you have heard the news: Every single year the average student loan debt per borrower is increasing. For example, the average class of 2015 graduate with student loan debt will owe a <a href="http://blogs.wsj.com/economics/2015/05/08/congratulations-class-of-2015-youre-the-most-indebted-ever-for-now/">little more than $35,000</a>.</p> <p>Still, there is a silver lining: College students and grads often qualify for significant tax breaks and deductions. To minimize your tax bill and increase your chances of a refund, here are eight tax deductions and breaks worth knowing about.</p> <h2>1. 529 Plans</h2> <p>If your parents or other donor started a 529 plan for you, you're in luck. Also known as qualified tuition programs, 529 plans allow individuals to save for education expenses on a tax-deferred basis and allow a designated beneficiary (ideally, that's you) to use those funds, including interest gains, for qualified expenses free of taxes or penalties.</p> <p>But few people know that you can also start a 529 plan for yourself. Yes, if you anticipate returning to school for any reason, you can save for related expenses in your own 529 plan &mdash; at any age. The list of qualified education expenses goes beyond tuition and academic fees, including expenses for room and board, transportation, equipment, and accommodations for individuals with special needs, so adults can benefit, too. (See also: <a href="http://www.wisebread.com/the-9-best-state-529-college-savings-plans?ref=seealso">The 9 Best State 529 College Savings Plans</a>)</p> <h2>2. Qualified IRA Distributions</h2> <p>Qualified distributions taken from a traditional IRA for use in qualified higher education expenses create no tax burden or penalty for you, assuming you only withdraw contributions, and not any earnings on the contributions. (Note: If your spouse, parent, or grandparent takes distributions from their own plans to fund your educational expenses, they would have to pay applicable income taxes on those funds, but don't have to pay the early distribution penalty which applies if under age 59 1/2.)</p> <h2>3. American Opportunity Credit</h2> <p>Replacing the Hope Scholarship credit, the <a href="http://www.irs.gov/Individuals/AOTC">American Opportunity Credit</a> allows you to cover up to $2,500 of undergraduate college costs, including:</p> <ul> <li>100% of your first $2,000 qualified education expenses; and<br /> &nbsp;</li> <li>25% of next $2,000 qualified education expenses.</li> </ul> <p>Keep in mind that you can claim the American Opportunity tax credit on your own academic expenses or on those of your spouse and kids. This means that you can claim up to $2,500 per student living in your household. However, to be eligible for the full credit, your modified adjusted gross income must be $80,000 or less (those making more receive a reduced amount of the credit).</p> <p>Another advantage of this tax credit is that 40% of it is refundable, meaning that the IRS will issue a refund for that amount even if you don't owe any federal income tax.</p> <h2>4. Lifetime Learning Credit</h2> <p>The <a href="http://www.irs.gov/Individuals/LLC">Lifetime Learning Credit</a> allows you to deduct up to 20% of your first $10,000 in qualified education expenses, up to $2,000 per taxpayer.</p> <p>Unlike the American Opportunity Credit, the Lifetime Learning Credit isn't refundable. You can use it to reduce any tax that you owe, but won't receive a refund for the unused portion when your tax bill is already zero.</p> <p>However, the Lifetime Learning Credit doesn't require you to be working towards a degree like the American Opportunity Credits does. A single class makes you eligible for this tax credit.</p> <p>To claim the American Opportunity and Lifetime Learning Credits, file <a href="http://www.irs.gov/pub/irs-pdf/f8863.pdf">Form 8863</a> with your federal return.</p> <h2>5. Business Deduction for Work-Related Education</h2> <p>The IRS allows you to deduct the costs of <a href="https://www.irs.gov/publications/p970/ch12.html#en_US_2015_publink1000178645">qualifying work-related education</a> as business expenses as long as the education is:</p> <ul> <li>Required by employer of by law;</li> <li>Necessary to maintain or improve skills; or</li> <li>Indispensable to meet minimum requirements.</li> </ul> <p>You can also deduct qualifying transportation and travel expenses necessary for completing the education. For example, you can deduct 57.5 cents per mile driven and 50% of meals when traveling overnight for education purposes throughout 2015.</p> <p>Make sure to keep all records, such as transcripts and catalogs of coursework, and receipts from all of your education expenses to provide sufficient support, especially in case of an IRS audit. A best practice is to obtain a statement from your employer providing details about your required education and reimbursements.</p> <p>For more details, consult Chapter 12 from <a href="http://www.irs.gov/pub/irs-pdf/p970.pdf">IRS Publication 970</a>.</p> <h2>6. Coverdell Education Savings Account</h2> <p>Students under age 18, or of any age with special needs, don't pay any tax on distributions from <a href="http://www.irs.gov/taxtopics/tc310.html">Coverdell Education Saving Accounts</a> for qualified education expenses at eligible institutions.</p> <p>While there is no limit on the number of Coverdell Education Savings Accounts that can be opened for the same beneficiary, the total cash contribution to all accounts on behalf of the beneficiary cannot exceed a total of $2,000 per year. Contributions can only be made in cash.</p> <h2>7. Education Savings Bond Program</h2> <p>Series EE bonds issued after 1989 and Series I bonds qualify for the <a href="http://www.irs.gov/publications/p970/ch10.html">Education Savings Bond Program</a>, allowing you to not pay tax on the interest earned on those U.S. savings bonds. While you can take the tax deduction for your own education, you must be at least 24 years old before the bond's issue date.</p> <p>For additional eligibility criteria, such as modified adjusted gross income tiers, consult Chapter 10 from IRS Publication 970.</p> <h2>8. Scholarship and Fellowship Grants</h2> <p>Last but not least, the IRS exempts students from any taxes on funds from scholarship or fellowship grants that don't exceed qualified education expenses or represent payment for teaching, research, or other services.</p> <p>To increase the combined value of educational credits and other types of educational assistance, the IRS recommends to coordinate Pell grants and other scholarships by including some or all of the additional assistance in income in the years it's received.</p> <p><em>What are other tax deductions and breaks available for students?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-most-common-tax-mistakes-made-by-college-grads">5 Most Common Tax Mistakes Made by College Grads</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tax-tricks-to-try-if-youre-stuck-with-student-loans">8 Tax Tricks to Try if You&#039;re Stuck With Student Loans</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-ways-student-loans-impact-your-taxes">4 Ways Student Loans Impact Your Taxes</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-your-child-can-earn-college-credits-in-high-school-for-cheap">How Your Child Can Earn College Credits in High School (For Cheap)</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Taxes 529 plans college credits deductions savings programs students Wed, 09 Mar 2016 10:30:27 +0000 Damian Davila 1668045 at http://www.wisebread.com Upromise World MasterCard Credit Card Review http://www.wisebread.com/upromise-world-mastercard-credit-card-review <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/upromise-world-mastercard-credit-card-review" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000029978892_Medium.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p><em><strong>Editor's note: This offer is currently unavailable.</strong></em></p> <p>There are a number of student credit cards on the market designed to help college students start out healthy credit journeys, but credit cards that award you cash back that can be used to save for college or pay student loans are limited. The Upromise&reg; World MasterCard&reg; is one of the only rewards credit cards on the market designed to actually help prepare for college or pay off the mountain of loans usually incurred during college. Sallie Mae&rsquo;s Upromise program not only provides a different opportunity for earning rewards for purchases, but with the Upromise World MasterCard offers one of the most valuable rewards programs available.</p> <p>If you are a student or someone who would like to <a href="http://www.wisebread.com/cool-convenient-cash-11-easy-ways-to-make-money-online?ref=review">earn cash back</a>, this card provides one of the best rewards programs offered by a credit card. (See also: <a href="http://www.wisebread.com/the-5-best-credit-cards-for-college-students?ref=review">Best Credit Cards for College Students</a>)</p> <h2>Why We Like This Card</h2> <ul> <li>$100 cash back bonus</li> <li>Up to 10% total cash back rewards on purchases</li> </ul> <h2>How This Card Works</h2> <p>In order to earn cash back rewards with this card you must open a free Upromise account. The card features 2% cash back on eligible in-store and movie theater purchases and 1% cash back on all other purchases. You can earn up to 10% total cash back as a Upromise member when you use your card on purchases with online retailers and travel partners at Upromise.com. There is no annual fee.</p> <p>These awards are separate from the cash back you get just for being a Upromise member, even without the card. For example, you would earn 5% on eligible purchases at an online retailer or travel partner through Upromise.com. If you used your Upromise credit card, you get an <em>additional</em> 5%. This allows you to earn as much as 10% total cash back on Upromise purchases.</p> <p><strong>Sign up bonus: </strong>Use your new card within 90 days of opening your account and get a one-time $100 cash back bonus. Also, get 0% intro APR on balance transfers for the first 15 billing cycles (transfers must be made within the first 45 days).</p> <p>Cardholders can choose to redeem the cash back as an investment into a high-yield Sallie Mae savings account or tax-deferred 529 plan, or use it as payment toward a Sallie Mae student loan. Another option is to request the cash back as a check starting at $10. There are no limits to the amount of cash back you can earn, and it does not expire.</p> <h2>Costs</h2> <ul> <li>$0 Annual Fee</li> <li>14.24%, 20.24%, or 23.24% variable APR (purchases and balance transfers); 0% introductory APR for balance transfers made within 45 days of opening the account, for 15 billing cycles.</li> <li>3% Balance Transfer Fee (or $5, whichever is greater)</li> <li>3% Foreign Transaction Fee of each transaction in U.S. dollars</li> </ul> <!--<p><a rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=200&amp;pid=122&amp;pp=0&amp;uv=sbutton2&amp;fot=1342" target="_blank"><img class="img-exempt" alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" height="50" width="154" /></a></p>--><!--<p><a rel="nofollow" href=" http://ct.wisebread.com/click.php?pg=200&amp;pid=122&amp;pp=0&amp;uv=sbutton2&amp;fot=1342" target="_blank"><img class="img-exempt" alt="" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" height="50" width="154" /></a></p>--><h2>Pros</h2> <p><strong>Cash back sign-up bonus.</strong> You can earn a bonus of $100 just for using the card within your first 90 days of opening the account (it can be any activity, even a balance transfer!). While this is not the largest sign-up bonus available, it is one of the easiest to earn, without the spending requirement attached to bonuses with other rewards credit cards. Further, it is the highest offered by any student credit card on the market. (See also: <a href="http://www.wisebread.com/5-best-credit-cards-that-offer-bonus-cash-for-sign-up">Credit Cards that Offer Bonus Cash for Sign-Up</a>)</p> <p><strong>Introductory APR.</strong> The introductory APR of 0% offered for balance transfers is one of the longest term introductory offers available with any credit card. Most student credit cards do not offer 0% for longer than six or seven months. If you have a balance to transfer from another credit card, especially one with a higher APR, you can save a significant amount of money in interest payments for 15 months. (See also: <a href="http://www.wisebread.com/the-best-0-balance-transfer-credit-cards">Best 0% Balance Transfer Credit Cards</a>)</p> <p><strong>Multiple bonus categories.</strong> Because Upromise includes over 850 retailers, you have an opportunity with the Upromise World MasterCard to earn bonus cash back in a wide range of categories from retailers such as Amazon.com, Best Buy and Target, to a number of department store and restaurant merchants. Many rewards credit cards offer bonus opportunities, but the categories are limited to one or two types of purchases. Plus, the categories with other rewards programs might rotate quarterly.</p> <p><strong>High earning opportunities.</strong> There are no other rewards credit cards, especially student credit cards, which provide an opportunity to earn as much as 10% cash back on your purchases. Because of the partnership with Upromise retailers, you can earn much more cash back with this card than most other rewards cards. (See also: <a href="http://www.wisebread.com/5-best-cash-back-credit-cards">Best Cash Back Credit Cards</a>)</p> <h2>Cons</h2> <p><strong>Must use Upromise.com.</strong> In order to earn the most cash back from your credit card, it is important that you are diligent in actually shopping and making your purchases through Upromise's online shopping mall. Otherwise, you lose the extra 5% boost and depending on the type of restaurants and travel, you may not even get 5% back. If you aren&rsquo;t able to dedicate your shopping trips to Upromise, you can likely earn more cash back with credit cards that focus specifically on the types of purchases you make. (See also: <a href="http://www.wisebread.com/the-5-best-credit-cards-for-dining-out">5 Best Cards for Dining Out</a>)</p> <p><strong>Foreign transaction fee.</strong> Because of the 3% foreign transaction fee, this is not a great card if you frequently travel abroad or make foreign purchases. This fee can decrease the value of the cash back earned from your purchases a great deal and should only be used on domestic purchases. For students traveling abroad, the <a href="http://www.wisebread.com/start-off-your-credit-history-right-with-journey-students-rewards-from-capital-one?ref=review">Capital One Journey Student Rewards</a> and <a href="http://www.wisebread.com/discover-it-chrome-for-students-simple-rewards-for-responsible-spending?ref=review">Discover it Chrome for Students</a> are both no foreign transaction fee cards, and might be more economical for foreign purchases. (See also: <a href="http://www.wisebread.com/smarter-security-and-no-foreign-transaction-fees-the-best-credit-cards-to-use-while-on-vacation">Best Credit Cards with No Foreign Transaction Fees</a>)</p> <h2>Who This Card Is Best For</h2> <p>The Upromise World MasterCard is best for those who regularly shop online and are diligent in using the Upromise shopping mall in order to earn the most cash back possible. It is also best for cardmembers who will use the card primarily for domestic purchases, and is particularly ideal if you need to transfer a balance (and can pay it down within the promotional period) from a credit card with a higher APR.</p> <!--<p style="text-align: center;"><a href="http://ct.wisebread.com/click.php?pg=200&amp;pid=122&amp;pp=0&amp;uv=send&amp;fot=1342"><strong>Click here to learn more and apply for the Upromise&reg; World MasterCard&reg; today!</strong></a></p>--><!--<p style="text-align: center;"><a href="http://ct.wisebread.com/click.php?pg=200&amp;pid=122&amp;pp=0&amp;uv=send&amp;fot=1342"><strong>Click here to learn more and apply for the Upromise&reg; World MasterCard&reg; today!</strong></a></p>--><!--<p style="text-align: center;"><img src=" http://www.imgsynergy.com/191x120/upromise-world-mastercard-061615.png" class="img-exempt" alt="" height="124" width="196" border="0" /><a href=" http://ct.wisebread.com/click.php?pg=200&amp;pid=122&amp;pp=0&amp;uv=sbutton1&amp;fot=1342" target="_top"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" class="img-exempt" alt="" /></a></p>--><!--<p style="text-align: center;"><img src=" http://www.imgsynergy.com/191x120/upromise-world-mastercard-061615.png" class="img-exempt" alt="" height="124" width="196" border="0" /><a href=" http://ct.wisebread.com/click.php?pg=200&amp;pid=122&amp;pp=0&amp;uv=sbutton1&amp;fot=1342" target="_top"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" class="img-exempt" alt="" /></a></p>--><br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christina-majaski">Christina Majaski</a> of <a href="http://www.wisebread.com/upromise-world-mastercard-credit-card-review">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">9 Freshman Shopping Tips to Cut College Costs</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-saving-hacks-every-college-student-should-try">8 Money-Saving Hacks Every College Student Should Try</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/barclaycard-visa-with-apple-rewards-credit-card-review">Barclaycard Visa with Apple Rewards Credit Card Review</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/barclaycard-credit-card-offers-applications-reviews">Barclaycard Credit Card Offers: Applications &amp; Reviews</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students">Don&#039;t Skip These 8 Tax Breaks for Students</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Education & Training Shopping barclaycard college credit card reviews students upromise Fri, 16 Oct 2015 04:40:54 +0000 Christina Majaski 1546624 at http://www.wisebread.com 8 Ways College Students Can Save Money Before Class Starts http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-ways-college-students-can-save-money-before-class-starts" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/student_with_books_000045839110.jpg" alt="College student saving money before classes start" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>College tuition and housing is expensive enough on its own. But then you start adding up all of the other college costs, both in and out of the classroom, and things can become quite overwhelming. Fortunately, there are ways to save significant money on expenses if you do some planning and look for out-of-the-box ways to save. (See also: <a href="http://www.wisebread.com/college/college-resources?ref=seealso">40+ College Resources for Parents and Students</a>)</p> <h2>1. Buy Textbooks Used</h2> <p>News alert: Brand new college textbooks are really, really expensive. Fortunately, the ease of shopping online has created an excellent way to buy gently used textbooks at a steep discount. We're talking over 75% off the retail price of new books and savings in the range of $1,000 over the course of an academic year. A few excellent online resources worth exploring include&nbsp;<a href="https://www.chegg.com/used-textbooks">Chegg</a>, <a href="http://www.anrdoezrs.net/click-2822544-11662519-1420053963000?sid=kjames-1536773" target="_top">eCampus.com</a>, <a href="http://www.jdoqocy.com/click-2822544-7391941-1425315629000?sid=kjames-1536773" target="_top">AbeBooks.com</a>, <a href="http://www.bigwords.com/">BigWords.com</a>, and even <a href="http://www.barnesandnoble.com/h/textbooks/used">Barnes &amp; Noble</a> has entered the used textbook field. (See also: <a href="http://www.wisebread.com/20-places-to-buy-or-rent-textbooks?ref=seealso">20 Places to Buy or Rent Textbooks</a>)</p> <p>You can also sell back used textbooks for a pretty decent return, so be sure to take care of the books as condition is a huge factor when determining how much you'll get back at the end of the semester. If you don't want to buy your books, you can also look into renting them for the semester and saving a good chunk of change in the process. A few resources worth exploring include&nbsp;<a href="http://www.textbookrentals.com/">TextbookRentals</a>, <a href="http://www.tkqlhce.com/click-2822544-10734724-1428334428000?sid=kjames-1536773" target="_top">BookRenter</a>, and <a href="http://www.amazon.com/Rent-Textbooks/b/ref=as_li_ss_tl?_encoding=UTF8&amp;camp=1789&amp;creative=390957&amp;linkCode=ur2&amp;node=5657188011&amp;tag=wisbre03-20&amp;linkId=52PUT3E2P7YMCVMA">Amazon</a>.</p> <h2>2. Ask About Student Discounts</h2> <p>When buying items like clothing, shoes, backpacks, and laptops in preparation for the upcoming school year, it would really benefit you to ask about student discounts. A few examples of discounts available include 20% off your order at Banana Republic, 15% off at J. Crew, and even 10% off at your local Goodwill. When it comes to buying tech,&nbsp;<a href="http://www.bestbuy.com/site/global/college-student-deals/pcmcat276200050000.c?id=pcmcat276200050000">Best Buy</a>, <a href="http://www.apple.com/shop/browse/campaigns/education_pricing">Apple Store</a>, and <a href="http://www.dell.com/learn/us/en/6099/campaigns/welcome-to-dell-university">Dell</a> all have student-specific online programs that offer significant discounts. Apple, for example, is currently offering $200 off a new MacBook and up to $20 off an iPad.</p> <p>Typically, all you need to get the discount is your student ID. If you're a freshman and don't have an ID yet, just bring along your registration letter, or something similar, to prove your student status.&nbsp;Make it a healthy habit to always ask about student discounts when shopping anywhere. Also, be sure to ask when dining out as many restaurants offer unadvertised discounts to students.</p> <h2>3. Find Free or Cheap Transportation</h2> <p>Many colleges and universities team up with local bus authorities to offer free bus rides for students. Many incoming students are not made aware of this. Speaking from my own experience, I was a sophomore in college before I realized I could ride the local bus for free. Once you get on campus, ask around about this possibly free, or highly discounted, transportation method. Not only will you save on gas, but you'll avoid all of the other costs that come with maintaining a vehicle while in school.</p> <h2>4. Call Your Roommate to Avoid Duplicate Purchases</h2> <p>I'll never forget showing up on campus and meeting my first college roommate. It turned out we had quite a bit in common, including ownership of a microwave, mini-fridge, and 27&quot; tube TV. If only I had called him ahead of time to see what stuff he was bringing, it would have saved me significant money. After all, no dorm room ever built has enough room for all your stuff and it's silly not to share. Lesson learned the hard way. Always communicate with your future roommate and determine what items you actually need to buy.</p> <h2>5. Choose the Meal Plan That Works for You</h2> <p>I can remember a friend during my college days who paid for three meals a day (21 meals a week) in the school cafeteria but typically only went 10-15 times per week. At the time, I figured we was blowing close to $50 a week on uneaten meals, not including the money he spent eating out and at the grocery store. Always consider your eating habits when deciding on the right meal plan for you. For example, if you tend to skip breakfast and grab a bagel on the way out the door, you'll want to adjust your meal plan accordingly. Also, if you like throwing a sandwich together for a light lunch and have classes scheduled during lunch hours, you'll want to adjust your plan as well. Bottom line, don't blindly sign up for a meal plan without considering how much of the plan you'll actually use.</p> <h2>6. Research the Best Cell Phone Plan</h2> <p>You can also save significant money by researching the best cell phone plan that meets your specific needs. Simply adding another line to a family plan is not always going to give you the best deal. Or perhaps you're in a situation where that is not even an option. If you tend to use very few talk minutes (100 or less per month), you should consider a&nbsp;<a href="http://prepaid-phones.t-mobile.com/other-prepaid-plans">T-Mobile prepaid plan</a>. For a very affordable $30 a month, you get unlimited web and text, 5GB data at 4G speeds, and 100 talk minutes. I have this no-contract plan and absolutely love it.</p> <p>If you're a big talker and texter, but don't necessarily need high-speed data because of free college Wi-Fi, consider&nbsp;<a href="https://www.cricketwireless.com/cell-phone-plans">Cricket Wireless</a>. For only $25 per month, you get unlimited talk and text, all with no annual contract. If you need a data plan, you can upgrade to 2.5 GB for an additional $15 per month. You can either buy a phone directly from Cricket, or save money by scoring a deal on an unlocked used smartphone on eBay.</p> <h2>7. Set up the Right Student Checking Account</h2> <p>Never blindly accept the bank or checking account recommended by your school. In many cases, they're loaded with hidden fees and often times the college or university receives a kickback for promoting the bank, making it a biased recommendation. It's important to do some independent research and find the right checking account for you. Look for student checking accounts that have no fees for debit transactions, branches near campus so you avoid out-of-network ATM charges, and no monthly fees when a reasonable account balance is maintained.</p> <p>Also, if you're comfortable doing your banking via your smartphone, consider using an online mobile bank like <a href="http://www.wisebread.com/capital-one-360-review?ref=internal">Capital One 360</a>. The lack of physical branches is more than made up for by the lack of fees along with a decent interest rate. No overdraft fees, no minimum monthly balance required, and all completely FDIC insured. Are you worried about not being able to get quick access to cash? Don't be, as Capital One has over 2000 ATMs in addition to 38,000 fee-free ATMs account users can use. (See also: <a href="http://www.wisebread.com/5-best-online-checking-accounts?ref=seealso">Best Online Checking Accounts</a>)</p> <p>By doing your due diligence and researching frugal ways to save on college costs, you can definitely lower your stress level when it comes time to pay your monthly bills. After all, balancing college life and your studies can be stressful enough without worrying about finances too.</p> <p><em>What other tips do you have for saving money on college expenses?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kyle-james">Kyle James</a> of <a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-saving-hacks-every-college-student-should-try">8 Money-Saving Hacks Every College Student Should Try</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">9 Freshman Shopping Tips to Cut College Costs</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-your-child-can-earn-college-credits-in-high-school-for-cheap">How Your Child Can Earn College Credits in High School (For Cheap)</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training college discounts meal plans saving money school students textbooks Fri, 28 Aug 2015 17:00:32 +0000 Kyle James 1536773 at http://www.wisebread.com Best Money Tips: Things You Need to Know About Financial Aid http://www.wisebread.com/best-money-tips-things-you-need-to-know-about-financial-aid <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-things-you-need-to-know-about-financial-aid" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/5628821867_db38690d5f_z-1.jpg" alt="Things You Need to Know About Financial Aid" title="Things You Need to Know About Financial Aid" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some awesome articles on things you need to know about financial aid, must-have millionaire habits, and getting financially fit.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.getrichslowly.org/blog/2012/09/20/15-things-you-need-to-know-about-financial-aid/">15 Things You Need to Know About Financial Aid</a> &mdash; Did you know that you should apply for financial aid even if you don't think you are eligible? [Get Rich Slowly]</p> <p><a href="http://www.savvysugar.com/Good-Habits-Millionaires-5477536">6 Must-Have Millionaire Habits</a> &mdash; Learn a lesson from millionaires and be in control of your money. [SavvySugar]</p> <p><a href="http://blog.creditkarma.com/personal-finance/4-steps-to-getting-financially-fit/">4 Steps to Getting Financially Fit</a> &mdash; When getting financially fit, establish an easy plan that you will stick to. [Credit Karma Blog]</p> <p><a href="http://amateurassetallocator.com/2012/09/17/3-reasons-i-prefer-traditional-index-mutual-funds-to-etfs/">3 Reasons Traditional Index Mutual Funds Are Better Than ETFs</a> &mdash; Traditional index mutual funds are easier to rebalance than ETFs. [Amateur Asset Allocator]</p> <p><a href="http://andthenshesaved.com/surprise-unemployment/#more-1516">Surprise Unemployment? Make The Most of It</a> &mdash; If you suddenly find yourself unemployed, make the most of it by claiming unemployement benefits and using a budgeting tool. [And Then She Saved]</p> <h2>Other Essential Reading</h2> <p><a href="http://blog.themillionairenurse.com/2012/09/20/8-ridiculously-simple-ways-to-save-time/">8 Ridiculously Simple Ways to Save Time</a> &mdash; To save time, identify tasks you can replace with automation, then automate those tasks! [The Millionaire Nurse Blog]</p> <p><a href="http://www.1099mom.com/2012/09/3-big-mistakes-small-business-sites.html">3 Big Mistakes Small Business Sites Commonly Make</a> &mdash; Do you have a website for your small business? Don't make the mistake of not having a real way for customers to contact you. [1099 Mom]</p> <p><a href="http://www.freemoneyfinance.com/2012/09/what-are-you-doing-to-make-millions-more.html">What Are You Doing to Make Millions More?</a> &mdash; If you want to make more money, take the time to grow professionally. [Free Money Finance]</p> <p><a href="http://www.carefulcents.com/timeshare-rentals/">Timeshare Rentals: A Surprising Money-Saving Alternative</a> &mdash; Next time you go on vacation, consider renting a timeshare. It will help you eat healthier! [Careful Cents]</p> <p><a href="http://parentingsquad.com/how-to-host-a-fall-harvest-birthday-party">How to Host a Fall Harvest Birthday Party</a> &mdash; Looking for a good snack to serve at a fall birthday party? Try pumpking peanut butter dip. [Parenting Squad]</p> <h2>News &amp; Events</h2> <p>Be sure to check out our <a href="http://www.wisebread.com/top-100-most-popular-personal-finance-blogs/calendar">News &amp; Events Calendar</a> to see all the awesome upcoming events in the personal finance world!</p> <p>Also, PopSugar is doing a special series with First Lady Michelle Obama! Readers can submit questions to the First Lady about any range of topics &ndash; from fashion and healthy living, to the tough important issues facing voters today. Head on over to the <a href="http://www.popsugar.com/Michelle-Obama-Video-PopSugar-24934435">announcement post</a> to submit your questions!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-things-you-need-to-know-about-financial-aid">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-students-should-make-during-a-gap-year">8 Money Moves Students Should Make During a Gap Year</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students">Don&#039;t Skip These 8 Tax Breaks for Students</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">9 Freshman Shopping Tips to Cut College Costs</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training best money tips college financial aid students Fri, 21 Sep 2012 10:00:43 +0000 Ashley Jacobs 954632 at http://www.wisebread.com Ask the Readers: Should College Students Have a Credit Card? http://www.wisebread.com/ask-the-readers-should-college-students-have-a-credit-card <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/ask-the-readers-should-college-students-have-a-credit-card" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/5554288100_b68ee57c9c_z-1.jpg" alt="Should College Students Have a Credit Card?" title="Should College Students Have a Credit Card?" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p><em>Editor's Note: Congratulations to </em><a href="http://www.wisebread.com/ask-the-readers-should-college-students-have-a-credit-card#comment-545651"><em>Ben</em></a><em>, </em><a href="http://www.wisebread.com/ask-the-readers-should-college-students-have-a-credit-card#comment-546092"><em>Guest</em></a><em>, and </em><a href="http://www.wisebread.com/ask-the-readers-should-college-students-have-a-credit-card#comment-545647"><em>rm</em></a><em> for winning this week's contest!</em></p> <p>Building credit at a young age is an important part of having a well-rounded financial picture. College students tend to get bombarded with offers from credit card companies offering incentives like free shirts if they sign up for a credit card. While some students can handle the potential risks of credit cards, others may fall into deep debt if they aren't able to properly use their credit card.</p> <p><b>Should college students have a credit card?</b><span style="font-weight:normal">&nbsp;If yes, what are some good rules of thumb for them to follow? If not, at what age should people get their first credit card?</span></p> <p>Tell us if you think college students should have a credit cards and we'll enter you in a drawing to win a $20 Amazon Gift Card!</p> <h2>Win 1 of 3 $20 Amazon Gift Cards</h2> <p>We're doing three giveaways &mdash; one for random comments, one for random Facebook &quot;Likes&quot;, and another one for random tweets.</p> <h3>Mandatory Entry:&nbsp;</h3> <ul> <li>Post your answer in the comments below&nbsp;</li> </ul> <h3>For extra entries (1 per action):</h3> <ul> <li>Go to our <a href="http://www.facebook.com/pages/Wise-Bread/26830741467?ref=ts">Facebook page</a>, &quot;Like&quot; us, and leave a comment on this article telling us you did, or</li> <li><a href="http://www.twitter.com/">Tweet</a> your answer. You have to be a follower of our <a href="http://twitter.com/wisebread">@wisebread account</a>. Include both &quot;@wisebread&quot; and &quot;#WBAsk&quot; in your tweet so we'll see it and count it. Leave a link to your tweet (click the timestamp for the individual URL) in a separate comment.</li> </ul> <p><strong>If you're inspired to write a whole blog post OR you have a photo on flickr to share, please link to it in the comments or tweet it.</strong></p> <h4>Giveaway Rules:</h4> <ul> <li>Contest ends Monday, September 3rd at 11:59 pm Pacific. Winners will be announced after September 3rd on the original post. Winners will also be contacted via email.</li> <li>You can enter all three drawings &mdash; once by leaving a comment, once by liking our Facebook update, and once by tweeting.</li> <li>This promotion is in no way sponsored, endorsed or administered, or associated with Facebook.</li> <li>You must be 18 and US resident to enter. Void where prohibited.</li> </ul> <p><strong>Good Luck!</strong></p> <div class="field field-type-text field-field-blog-teaser"> <div class="field-items"> <div class="field-item odd"> Tell us if you think college students should have a credit card and we&#039;ll enter you in a drawing to win a $20 Amazon Gift Card! </div> </div> </div> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/ask-the-readers-should-college-students-have-a-credit-card">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-200-giveaway-would-you-ding-your-credit-to-get-out-of-debt">Ask the Readers $200 Giveaway: Would You Ding Your Credit to Get Out of Debt?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-every-parent-should-know-about-the-new-college-financial-aid-rules">What Every Parent Should Know About the New College Financial Aid Rules</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-tricks-to-save-money-with-credit-cards">10 Tricks to Save Money with Credit Cards</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/ask-the-readers-200-giveaway-what-is-your-top-question-about-personal-finance">Ask the Readers $200 Giveaway: What is Your Top Question About Personal Finance?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts">8 Ways College Students Can Save Money Before Class Starts</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Giveaways Ask the Readers college credit credit cards students Tue, 28 Aug 2012 10:36:41 +0000 Ashley Jacobs 952370 at http://www.wisebread.com Best Money Tips: Take Advantage of Back to School Sales http://www.wisebread.com/best-money-tips-take-advantage-of-back-to-school-sales <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-take-advantage-of-back-to-school-sales" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/2908834853_2d4116edf9_z-1.jpg" alt="Take Advantage of Back to School Sales" title="Take Advantage of Back to School Sales" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some great articles on ways to take advantage of back to school sales, automating your budget, and habits of the wealthy.</p> <h2>Top 5 Articles</h2> <p><a href="http://savingmoneytoday.net/7-ways-to-take-advantage-of-back-to-school-sales/">7 Ways to Take Advantage of Back to School Sales</a> &mdash; Use back to school sales to supply your home office. [Saving Money Today]</p> <p><a href="http://www.moolanomy.com/6197/how-to-automate-your-budget/">How to Automate Your Budget</a> &mdash; To automate your budget, find a good money management software application. [Moolanomy]</p> <p><a href="http://www.thewisdomjournal.com/Blog/7-habits-of-the-wealthy/">7 Habits of the Wealthy</a> &mdash; Did you know wealthy people have the habit of living within their means? [Wisdom Journal]</p> <p><a href="http://genxfinance.com/three-mistakes-you-cant-afford-to-make-when-buying-your-first-house/">Three Mistakes You Can't Afford to Make When Buying Your First House</a> &mdash; When buying your first house, don't make the mistake of buying more house than you can afford. [Generation X Finance]</p> <p><a href="http://moneyning.com/life-style/exercise-your-way-to-a-bigger-paycheck/">Exercise Your Way to a Bigger Paycheck</a> &mdash; By exercising and living healthier, you can potentially earn $320 more per month. [MoneyNing]</p> <h2>Other Essential Reading</h2> <p><a href="http://freelanceswitch.com/industry-tips/take-time-off-earn-more/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+FreelanceSwitch+%28Freelance+Switch%29">How to Take Time Off and Actually Earn More</a> &mdash; Want to take time off work but earn more money? Consider raising your rates! [Freelance Switch]</p> <p><a href="http://www.financiallypoor.com/money-management/4-tips-to-protect-yourself-from-identity-theft/">4 Tips to Protect Yourself From Identity Theft</a> &mdash; To protect yourself from identity theft, don't keep your wallet in plain sight. [Financially Poor]</p> <p><a href="http://www.narrowbridge.net/how-should-a-young-person-get-started-with-investing/">How Should a Young Person Get Started with Investing</a> &mdash; A great way for a young person to get started with investing is to take advantage of investing through their employer. [Narrow Bridge]</p> <p><a href="http://www.savvysugar.com/How-Feel-Like-Child-Again-24186170">16 Ways To Feel Like A Kid Again</a> &mdash; Feel like a kid again by cooking a grilled cheese on your ironing board. [SavvySugar]</p> <p><a href="http://parentingsquad.com/the-ins-and-outs-of-bows-and-arrows">Archery for Kids: The Ins and Outs of Bows and Arrows</a> &mdash; If your child is under 5 years of age, stick with toy bows and arrows as opposed to the real thing. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-take-advantage-of-back-to-school-sales">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-big-list-of-money-saving-coupon-codes-for-halloween-2016">The Big List of Money-Saving Coupon Codes for Halloween 2016</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-save-on-school-supplies-without-going-crazy">How to Save on School Supplies Without Going Crazy</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-saving-hacks-every-college-student-should-try">8 Money-Saving Hacks Every College Student Should Try</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-back-to-school-shopping-hacks-for-big-savings">6 Back-to-School Shopping Hacks for Big Savings</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-classic-toys-that-won-christmas">8 Classic Toys That Won Christmas</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping back to school best money tips kids sales school students Tue, 31 Jul 2012 09:48:42 +0000 Ashley Jacobs 947009 at http://www.wisebread.com