Education &amp; Training http://www.wisebread.com/taxonomy/term/12010/all en-US How Trump's Presidency Might Change Student Loans http://www.wisebread.com/how-trumps-presidency-might-change-student-loans <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-trumps-presidency-might-change-student-loans" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/saving_college_fund_544603158.jpg" alt="Learning how Trump&#039;s presidency might change student loans" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Whether you were a Trump supporter or not, the $1.3 billion student debt issue is one that needs to be tackled. Trump called student debt an 'albatross' around the necks of borrowers. While he didn&rsquo;t spend a lot of his election talking about student loans, he did offer several plans to solve the debt problem.</p> <p>All of the President-Elect&rsquo;s student loan plans are still just that &mdash; plans. However, here is how Trump&rsquo;s presidency might affect your current or future student loan (or your children&rsquo;s loans).</p> <h2>Cap on Maximum Repayment Amount</h2> <p>Trump addressed the ever-growing student loan debt dilemma in his rally in Columbus, Ohio, on October 13. One of his proposed solutions was to cap how much a borrower would have to repay. He said, &quot;We would cap repayment for an affordable portion of the borrower&rsquo;s income, 12.5%, we&rsquo;d cap it. That gives you a lot to play with and a lot to do.&quot;</p> <p>Currently, the Revised Pay As You Earn, or REPAYE, plan allows borrower&rsquo;s to cap their monthly payments at 10% of their discretionary income. However, this is only applicable for federal loans, and the plan requires borrowers to extend the length of their loan, meaning they will pay for their debt longer.</p> <p>Trump&rsquo;s plan to cap loan repayment at 12.5% might look higher initially, but depending on how he enforces the plan, it could save a lot of money for borrowers. If Trump allows the monthly cap to be applied to private loans, then this plan will benefit many borrowers.</p> <h2>Student Loan Forgiveness After 15 Years</h2> <p>Trump added to his speech in Columbus, Ohio, &quot;And if borrowers work hard and make their full payments for 15 years, we&rsquo;ll let them get on with their lives. They just go ahead and they get on with their lives.&quot;</p> <p>Currently loan forgiveness is available through special forgiveness programs, such as the public service loan forgiveness plan and the teacher loan forgiveness plan. The income-driven repayment plan will also forgive student loan debt after 20 or 25 years of payments, depending on which plan you qualify for.</p> <p>Trump&rsquo;s 15-year forgiveness plan would drastically cut the length of loan repayment and finally offer solutions for individuals weighed down with private loan debt. Trump did not give exact numbers to how much this plan would cost or save Americans, but it was said that it would be paid for through reduced federal spending overall. Also, it is believed that this plan would save the government money through fewer defaulted loans. (See also: <a href="http://www.wisebread.com/how-to-stop-student-loans-from-ruining-your-life?ref=seealso">How to Stop Student Loans From Ruining Your Life</a>)</p> <h2>Cut College Costs</h2> <p>Trump also addresses the root of the student loan dilemma &mdash; costs set by colleges. On his site, Trump wrote that he plans to, &quot;work with Congress on reforms to ensure universities are making a good-faith effort to reduce the cost of college and student debt in exchange for the federal tax breaks and tax dollars.&quot;</p> <p>Colleges have no incentives to lower costs, so why should they? If Trump were to offer significant tax breaks, then students might see lower tuition bills, too.</p> <h2>Aid for Non-Traditional Schools</h2> <p>Right now, federal aid is for students attending schools that are accredited through the Department of Education. This means that if a vocational school or nontraditional school program is not accredited, students cannot receive federal aid to help them attend. Trump said on his campaign website that he would help make it possible for any student to attend and complete whatever school or program they wanted.</p> <p>According to his website, he wants to &quot;ensure that the opportunity to attend a two- or four-year college, or to pursue a trade or a skill set through vocational and technical education, will be easier to access, pay for, and finish.&quot; (See also: <a href="http://www.wisebread.com/what-is-student-loan-forbearance-anyway?ref=seealso">What Is Student Loan Forbearance, Anyway?</a>)</p> <h2>So What Does Trump&rsquo;s Plans Mean for You?</h2> <p>If you are already paying student loan debt, then there is a possibility that the plans will not fully be developed and implemented for another year or two. Taking on something as big as student debt and bloated college costs is not an overnight job.</p> <p>However, if you are currently in college or are a parent with a child attending college in the next three years, then there is a possibility that Trump&rsquo;s plan will benefit you. For the rest of America, it is hard to determine just how much Trump&rsquo;s plans will cost.</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/how-trumps-presidency-might-change-student-loans">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/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-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-get-trapped-by-these-higher-education-scams">Don&#039;t Get Trapped by These Higher Education Scams</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-get-student-loan-debt-forgiveness">8 Ways to Get Student Loan Debt Forgiveness</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/4-ways-student-loans-impact-your-taxes">4 Ways Student Loans Impact Your Taxes</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training college debt donald trump federal aid loan forgiveness president trump REPAYE school student loans vocational school Fri, 02 Dec 2016 12:30:07 +0000 Ashley Eneriz 1844379 at http://www.wisebread.com 15 Unique Holiday Gifts for Teachers That They'll Actually Like http://www.wisebread.com/15-unique-holiday-gifts-for-teachers-that-theyll-actually-like <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/15-unique-holiday-gifts-for-teachers-that-theyll-actually-like" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-483199046.jpg" alt="teachers will love these gifts" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The holiday season is upon us, and I've been starting my gift shopping in the hopes of finishing early so I can relax. On the list this year are my daughter's preschool teachers (three of them!) who have been tremendously helpful, nurturing, and caring.</p> <p>Out of respect for allergies in the classroom (as well as New Year's diet resolutions), I'm planning to give nonfood gifts this year. As a former teacher myself, I accumulated a good amount of impractical tchotchkes, so I assembled this list of practical gifts that teachers will actually like and use.</p> <h2>1. Personalized Tote Bag</h2> <p>As a former teacher, I spent many days lugging assignments back and forth in reusable shopping bags. Why not help a teacher out by giving him/her a sturdy, personalized tote bag? You can make it yourself by printing an iron-on transfer and decorating a plain canvas tote bag from the craft store, monogram a bag with fabric paint, or you can purchase one ready-made on Etsy. Either way, it's sure to send a message that an educator's hard work is appreciated.</p> <h2>2. Water Bottle</h2> <p>Coffee mugs are so 2003. Hydration is where it's at these days! Help your teacher stay healthy by providing them with a <a href="http://www.wisebread.com/the-5-best-aluminum-and-stainless-steel-water-bottles">sturdy reusable water bottle</a> that can be sipped from all day. Bottles from Camelbak and Contigo are always well-received, but less expensive options can be found at big box stores if you're on a budget.</p> <h2>3. Lunchbox Accessories</h2> <p>Like your kids, teachers usually pack a lunch to eat at school. Make your teacher feel a little more pampered at lunch time by giving them a fancy insulated lunch bag, a Thermos, and/or a few ice packs and reusable containers (at the rate I lose them, you can never have too many). A cookbook full of lunch ideas is also a great idea.</p> <h2>4. Gift Cards</h2> <p>While not the most personal gift, gift cards are certainly practical and are more likely to be used than any other gift. Starbucks, iTunes, and Amazon <a href="http://www.wisebread.com/save-on-christmas-shopping-with-this-clever-gift-card-strategy">gift cards are always useful</a> and appreciated. Gift cards to local restaurants are also a great way to help a teacher relax. Many teachers spend their own money on school supplies for students, so a gift card to Target, Walmart, Staples, or a craft store can help them keep costs down. Pair it with a thoughtful note and your teacher will be a happy camper.</p> <h2>5. Organization Tools</h2> <p>When it comes to gifts, teachers may have tchotchkes a-plenty, but nary a place to store them. Give the gift of organization with a set of sturdy baskets, boxes, and drawer organizers. Alternatively, a gift card to The Container Store might do the trick.</p> <h2>6. Personalized Office Supplies and Stationery</h2> <p>Put a smile on a teacher's face every time they open their desk drawer by providing a set of personalized office supplies. A monogrammed notepad, a personalized stamp, fancy scissors and staplers, and cute paper clips can brighten a teacher's day while remaining super practical.</p> <h2>7. Travel Accessories</h2> <p>Gift-giving occasions for teachers often happen before the winter or summer holidays, and your teacher might be taking a much-needed vacation. Why not make traveling a little easier by gifting some travel accessories? An attractive travel pouch with small toiletry bottles, mesh suitcase organizers, or a tote with a beach towel and sunscreen, can all be used by a jet-setting teacher.</p> <h2>8. Quality Bath Products</h2> <p>I always feel a little ambiguous about giving bath products, because as a teacher, I received my fair share of cheap, dollar-store bubble baths and lotions. However, I was always happy to receive quality bath products from brands like Bath and Body Works, The Body Shop, or Philosophy. De-stressing in a hot bath with some aromatherapy bath salts really did wonders to lift my mood after a hard day.</p> <h2>9. Low-Maintenance Plants</h2> <p>The great thing about giving plants is that the teacher can leave them in the classroom to brighten up their work day, or take them home if they desire. And if they die, they can be thrown away and won't clutter up a junk drawer for years. Easy care plants such as succulents and air plants are good choices, or a pretty flower like an orchid or bromeliad that blooms for a long time.</p> <h2>10. Movie Night In</h2> <p>Give a teacher a relaxing night in by packing a basket with a cozy throw blanket, a gift card for an online movie rental (such as iTunes, Amazon, or Google Play), and a box of microwave popcorn. (Okay. Technically, this is a food gift, but popcorn makes every movie better!)</p> <h2>11. Classroom Supplies</h2> <p>If you're a teacher, you'll know that students are constantly asking to borrow pens, and somehow those pens rarely find themselves back onto your desk. Keep your child's teacher's costs down by giving him/her a jar full of pens that can be kept on their desk. Other useful items that teachers often buy themselves include highlighters, bandages, stickers, sticky notes, and sanitizing wipes.</p> <h2>12. Books for the Classroom</h2> <p>Most teachers get plenty of trinkets from students every year, but classroom supplies remain neglected. Age-appropriate books are great for kindergarten and lower-grade classrooms which may reuse the same small selection of books all year. You may want to ask the teacher what books are needed, or simply give them a gift card to a bookstore so they can make the best choice.</p> <h2>13. Activity Books</h2> <p>Adult coloring books are all the rage these days, and for good reason. They are incredibly relaxing. A coloring book with a set of nice colored pencils could be a thoughtful gift for a teacher, especially for someone who likes crafting. A sudoku or crossword puzzle book could be similarly fun to do when the teacher gets a little spare time.</p> <h2>14. Hobby Supplies</h2> <p>Have your child ask the teacher what hobbies they enjoy, and give them hobby supplies. Some ideas include: scrapbooking supplies, gardening supplies, baking tools and mixes, or a gift certificate to a hobby store.</p> <h2>15. Handmade Gifts</h2> <p>Nothing is as memorable or personal as a gift that was lovingly handmade by your child. Whether that's a personalized T-shirt or baseball cap, a classroom scrapbook, a planter, ornament, or picture frame, it's sure to send the message that you and your child appreciate the teacher's hard work and dedication to their job.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/camilla-cheung">Camilla Cheung</a> of <a href="http://www.wisebread.com/15-unique-holiday-gifts-for-teachers-that-theyll-actually-like">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/wise-bread-gift-guide-gifts-that-save-money">25 Gifts That Save Money</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/are-you-spending-too-much-on-halloween-this-year">Are You Spending Too Much on Halloween This 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/the-art-of-the-group-gift">The Art of the Group Gift</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-holiday-gifts-hostesses-love">6 Holiday Gifts Hostesses Love</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/50-unique-gift-ideas-for-men">50+ Unique Gift Ideas for Men</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Shopping budgeting gift guide gift ideas gifts for teachers holiday shopping Holidays nonfood gifts teachers Thu, 01 Dec 2016 12:00:13 +0000 Camilla Cheung 1844263 at http://www.wisebread.com How Your Child Can Earn College Credits in High School (For Cheap) http://www.wisebread.com/how-your-child-can-earn-college-credits-in-high-school-for-cheap <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-your-child-can-earn-college-credits-in-high-school-for-cheap" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/student_happy_books_82665501.jpg" alt="Student earning college credits in high school for cheap" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>College credits are expensive. Even a class at a community college can add a few hundred dollars to your overall tuition bill. For most undergrad degrees, the first two years are devoted to general education basics that don't necessarily impact an individual's future career. For example, to get my degree in English, I still needed to take Biology and Calculus classes.</p> <p>There are a few methods that will allow high school students to earn college credits before they actually enter the college scene. Doing so can help them shave off a semester or even a whole year, which translates into a lot of money saved, depending on your college's cost per unit. (See also: <a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs?ref=seealso">9 Freshman Shopping Tips to Cut College Costs</a>)</p> <h2>Take CLEP Exams</h2> <p>The College Level Examination Program allows students to earn three credits or more on passed CLEP tests. There are 33 tests that can be taken and there are currently 2,900 colleges and universities that will accept credit for passing CLEP.</p> <p>According to CollegeBoard, &quot;More than 60% of CLEP test takers said that they relied on their <a href="https://bigfuture.collegeboard.org/get-in/testing/learn-about-the-clep-program">high school course work</a> to learn the material needed for their CLEP exam(s).&quot;</p> <p>The average college course costs $900, and the cost of CLEP is $80. If your child is able to pass five CLEPs, then it will cost you $400, but potentially save you $4,100 in tuition.</p> <p>Every university has their own set of rules, so make sure you know how many credits from CLEP tests they will accept beforehand. It is also wise to know how many CLEPs are applicable toward your major. For example, the college might accept 10 CLEPs, but a specific major might only need eight of those. You don't want to waste time or money taking CLEPs that cannot be applied to your degree.</p> <h2>Take AP Tests</h2> <p>Many schools offer AP courses, which are more demanding that typical high school courses. Not only do AP courses look impressive on college applications, but they can count as college credit if students pass the exam.</p> <p>AP courses and fee exams differ for each school. The standard fee for each exam is $93. A reduced fee is available for low-income families. Some schools might charge additional fees for proctoring and administering the course and exam.</p> <p>Even if your child's school does not offer a certain AP course, your child can still take the exam. You will need to find an authorized testing center, and know that the test might be harder for individuals that did not take the specialized course for the entire year.</p> <h2>Enroll in International Baccalaureate Courses</h2> <p>Depending on the high school, students can take singular IB courses or choose to pursue an IB diploma. An IB diploma is challenging, but it can shave a whole year off a student's college experience. Unfortunately, IB is a smaller program than AP, and is not as widely offered. However, if your child's school does offer IB courses, it is possible that they can transfer for more units than an AP course, depending on the college and course.</p> <p>Check with your child's school to see the exact cost of the IB program. As an example, Davis School District in Bountiful, Utah charges $864 for an IB diploma, which comes with six exams, on top of a $168 registration fee. However, they say their average IB students complete high school with 44 college credits, which comes out to the affordable price of $23.45 per unit. That is a huge difference from the usual $200&ndash;500 per unit cost that community and state colleges charge.</p> <h2>Take College Classes While in High School</h2> <p>Depending on your child's high school and community college regulations, your child can enroll in limited college courses while still in high school. Some college courses require prerequisites and you might need to gain signed authorization from your child's high school principal before they can dual enroll.</p> <p>This option can cost more than AP classes or IB courses, but it can also be more flexible. Community college courses can be demanding, but for a student that is dedicated, it is more than likely they will pass the class. It can be disheartening to take a rigorous AP course only to have your credit riding on passing one exam.</p> <p>Also with community colleges, your child will have access to online class options, help from professors, and summer class options.</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/how-your-child-can-earn-college-credits-in-high-school-for-cheap">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/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-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/the-9-best-state-529-college-savings-plans">The 9 Best State 529 College Savings Plans</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-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-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-trumps-presidency-might-change-student-loans">How Trump&#039;s Presidency Might Change Student Loans</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training ap classes clep college credits ib courses saving money school semesters tuition Tue, 15 Nov 2016 10:00:14 +0000 Ashley Eneriz 1827229 at http://www.wisebread.com 6 Ways to Get College Kids Home for the Holidays for Cheap http://www.wisebread.com/6-ways-to-get-college-kids-home-for-the-holidays-for-cheap <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-ways-to-get-college-kids-home-for-the-holidays-for-cheap" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/friends_traveling_together_58534620.jpg" alt="Finding ways to get college kids home on the cheap" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Kid off to college this year? You're already feeling the pinch on your budget as he or she starts their (fingers crossed) four-year career, but there are perhaps a few expenses you may have overlooked during all the hustle and bustle &mdash; like how your little smarty pants will get home during breaks and holidays. To keep these travel costs manageable, consider these inexpensive ways.</p> <h2>1. Cash in Miles for Free Flights</h2> <p>In all the years you've been saving those airlines miles for the vacation of a lifetime, I bet you never thought you'd have to compromise them by bringing your kid back and forth from college for holiday breaks. Yeah, it sucks, but when they graduate and land that high-paying job, they'll totally pay you back&hellip; right?</p> <p>While you hold your breath on that prospect, consider consulting <a href="http://www.rewardexpert.com/">RewardExpert</a>, which helps travelers create easy-to-follow strategies by developing customized points earning plans and maximizing frequent flyer rewards. The service makes it easy to earn free tickets in just a few months, or help you make the most of what you already have.</p> <h2>2. Carpool With Someone Headed the Same Direction</h2> <p>I often carpooled with friends to and from college who lived at least somewhat close to my home. I'd offer gas money for the ride, and my parents would pick me up from their homes so they didn't have to go out of their way to drop me off at mine. Your kids can do the same thing the old-fashioned way by asking their friends for a ride, or &mdash; if they don't have any friends who live within driving distance of where you're from &mdash; suggest that they post an ad on Craigslist or a community or school message board looking for a driver.</p> <p>Alas, if that's too 20th century for them, there's <a href="http://thecollegecarpool.com/">College Carpool</a>, one of a handful of services that allow students to connect with others driving the same direction through private pages for each college. Through forums, students can find available rides, or proactively request one.</p> <h2>3. Enroll in a Car Share</h2> <p>Does your kid prefer to take the wheel, but they don't have a car of their own on campus? Nowadays they can sign up for car-sharing services, which help eliminate the issue of not being able to rent a car from traditional services (like Alamo) that usually require drivers to be at least 25 years old. Car-sharing services like <a href="http://www.zipcar.com/universities">Zipcar</a> and <a href="https://www.enterprisecarshare.com/us/en/home.html">Enterprise CarShare</a> are available to university students, and monthly fees are low. Once registered, students can reserve a car whenever they need one. This is a helpful convenience especially around the holidays when the rest of the family is busy with their own day-to-day concerns.</p> <h2>4. Hop on the Bus</h2> <p>I never took the bus home from college &mdash; that eight-hour ride didn't much appeal to me, plus I had awesome friends who didn't mind giving me a lift &mdash; but when I moved to Manhattan without a car in my mid-20s, I often hopped on a Greyhound to get back to my hometown of Baltimore. It was convenient, fast, and, most importantly, cheap.</p> <p>Thus, if you live a reasonable distance from child's university and they don't mind tight quarters, this may be a good option for you and your family. It's actually a rather relaxing ride once you get situated; most modern bus services, including BoltBus and Megabus, feature free WI-FI, power outlets, and even reclining seats. Smaller-scale regional buses, like <a href="http://www.coachusa.com/info/shortline/ss.studentdiscounts.asp">Short Line</a>, also offer student discounts.</p> <h2>5. Travel by Train</h2> <p>If booking your kid a bus ticket isn't an option, perhaps riding the friendly rails is a more accommodating compromise. <a href="https://www.amtrak.com/student">Amtrak</a> provides service from 500 destinations in 46 states, and it offers a 15% student discount along with the opportunity to earn points toward free travel. Amtrak is the only nationwide rail-service, which means you don't have any other options for train travel, unless you can work your regional lines to your advantage if they exist.</p> <h2>6. Get Creative</h2> <p>You don't always have to choose one option over another. Sometimes you can use a few different methods &mdash; like a bus to a train or a train to a plane, for instance. Look for the best deals among the types of transportation available to you and plan your student's trip home accordingly. It may take some time to plan and settle on the most efficient and cost-effective method, but it's worth it &mdash; especially when you consider how often you may have to do this over and over again in the next four (or five or six) years.</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%2F6-ways-to-get-college-kids-home-for-the-holidays-for-cheap&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F6%20Ways%20to%20Get%20College%20Kids%20Home%20for%20the%20Holidays%20for%20Cheap.jpg&amp;description=6%20Ways%20to%20Get%20College%20Kids%20Home%20for%20the%20Holidays%20for%20Cheap" 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/u5180/6%20Ways%20to%20Get%20College%20Kids%20Home%20for%20the%20Holidays%20for%20Cheap.jpg" alt="6 Ways to Get College Kids Home for the Holidays for Cheap" width="250" height="374" /></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/6-ways-to-get-college-kids-home-for-the-holidays-for-cheap">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/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-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/get-the-most-from-your-airline-miles-in-these-5-overlooked-cities">Get the Most From Your Airline Miles in These 5 Overlooked Cities</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-lessons-that-teach-your-kid-to-be-their-own-boss">5 Lessons That Teach Your Kid to Be Their Own Boss</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-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-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-money-moves-to-make-as-soon-as-the-kids-move-out">7 Money Moves to Make as Soon as the Kids Move Out</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Family Travel carpooling college flights holiday breaks kids moving home public transportation rewards miles teens trains young adults Wed, 09 Nov 2016 10:00:13 +0000 Mikey Rox 1806658 at http://www.wisebread.com Does Divorce Affect Your Student Loans? http://www.wisebread.com/does-divorce-affect-your-student-loans <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/does-divorce-affect-your-student-loans" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/broken_heart_cash_25865628.jpg" alt="Learning if divorce affects your student loans" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Going through a divorce can get messy, especially when there are a lot of assets to divide and financial matters to take care of. Even worse, couples often forget that debts &mdash; and not just assets &mdash; must often be split. And student loan debt can be especially hairy. Understanding the ramifications of divorce on student debt is essential to negotiating a mutually beneficial split. (See also: <a href="http://www.wisebread.com/heres-what-happens-to-a-mortgage-in-a-divorce?ref=seealso">Here's What Happens to a Mortgage in a Divorce</a>)</p> <h2>When Did You Take on the Debt?</h2> <p>If you took on your student loan before marriage, then the debt is considered separate property, and you are solely responsible for it. Similarly, you won't be held responsible for any debt taken out by your spouse before marriage.</p> <p>However, if you or your spouse took on student <a href="https://www.nolo.com/legal-encyclopedia/debt-marriage-owe-spouse-debts-29572.html">loan debt while married</a>, then the debt is considered your shared property. As a matter of fact, any debt taken on in a marriage is considered shared property, including the following:</p> <ul> <li>Mortgages</li> <li>Car loans</li> <li>Personal loans</li> <li>Sometimes business loans</li> <li>Credit card debt</li> </ul> <h2>It All Depends on Your State's Laws</h2> <p>Many states are <a href="https://en.wikipedia.org/wiki/Community_property">community property states</a>, which means everything is split down the middle. If you live in a community property state, the student loan debt (along with all other debt) will be split 50-50. Even if one party will suffer financial hardships from the split debt, the court will still hold them liable for half of it.</p> <p>Of course, it is the court's discretion how they split marital property, and each state has unique rules in place. In <a href="https://www.legalzoom.com/knowledge/divorce/topic/equitable-distribution-community-property">equitable distribution states</a>, such as New York, each divorce is weighed differently. According to The Wall Street Journal, &quot;If it seems like one spouse will have high income after a divorce and another will struggle to make debt payments, the higher earner may end up having to fork over some <a href="http://www.wsj.com/articles/SB10001424052702304626804579363253873904162">temporary spousal support</a> to cover the ex's debt payments.&quot;</p> <h2>Consolidated Student Loans</h2> <p>Before 2006, married couples were able to consolidate their loans. Many couples did this to get a lower interest rate and save money &mdash; but for couples that did this, they had to permanently attach themselves to the loan.</p> <p>Unfortunately, if one party does not pay their assigned portion of their loan, the other party will still be held fully responsible. Married couples can no longer consolidate their student loans, so if you were married after 2006, then this does not apply to you.</p> <h2>How to Avoid Problems Before Marriage</h2> <p>No couple wants to think about divorce before they get married, but if student loan debt is worrisome to you, there are a few things you can do before tying the knot. First, it is important that both you and your potential spouse know how much debt you each have. Everything should be laid out on the table. Secondly, to protect yourself, sign a prenuptial agreement that states how debt is supposed to be split in the case of a divorce. (See also: <a href="http://www.wisebread.com/could-a-divorce-improve-your-finances?ref=seealso">Could a Divorce Improve Your Finances?</a>)</p> <h2>So How Much Student Loan Debt Will I Be Responsible for After Divorce?</h2> <p>When it comes to figuring out how much student loan debt you will be responsible for after a divorce, it all depends on your case and the state you live in. It is important for you and your spouse to know <a href="http://www.wisebread.com/life-after-bankruptcy-whats-next">the financial weight of your divorce</a> before committing to one fully. Talk with a divorce attorney to find out more information that relates to your specific case.</p> <p>If the court does hold you responsible for your spouse's student loan debt after divorce, then it is important to pay it. If you don't, you will be held liable, your wages could be garnished, and your credit score can suffer.</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/does-divorce-affect-your-student-loans">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/how-to-manage-your-money-during-a-spousal-separation">How to Manage Your Money During a Spousal Separation</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/5-ways-to-pay-off-your-student-debt-faster">5 Ways to Pay Off Your Student Debt Faster</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/could-a-divorce-improve-your-finances">Could a Divorce Improve Your Finances?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training consolidation court divorce loans marriage state laws student debts Tue, 08 Nov 2016 10:00:15 +0000 Ashley Eneriz 1827231 at http://www.wisebread.com 7 Skills Today's Employers Value Most http://www.wisebread.com/7-skills-todays-employers-value-most <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-skills-todays-employers-value-most" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_91557661_MEDIUM.jpg" alt="employers value these skills most" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A college degree can increase your chances of getting a job, but sometimes it takes more than education to impress employers. Personally, when I&rsquo;m hiring for my own business, I look beyond the degree and even the resume to find a candidate whose actual talent make them worth the money I&rsquo;m going to spend on them. Likewise, you also need to possess <a href="http://www.wisebread.com/how-to-use-snapchat-in-your-job-search">sought-after skills</a> &mdash; the kind that keep the direct-deposit flowing straight to your bank account &mdash; which you may or may not have learned in college. Enhance your chances of climbing the corporate ladder with these seven skills employers value most.</p> <h2>1. Written Communication Skills</h2> <p>Effective verbal communication skills are practically a necessity with any type of job. You'll speak with customers, clients, coworkers, and your employer. The ability to express yourself in a clear, concise manner is key to getting your thoughts across and lessening the likelihood of miscommunication.</p> <p>But you need more than verbal communication skills to get the job done. Some positions also require excellent writing skills for drafting emails, memos, and reports. You'll need strong written skills to get your points across on paper and communicate your message with clarity. In addition, technology plays a big role in business with many companies taking their brand online. If you can demonstrate good written skills and produce error-free copy, there could be opportunities to assist the marketing team with blog posting, article writing, and social media marketing.</p> <h2>2. Time-Management Skills</h2> <p>To make it in a fast-paced environment, you need superior time management skills, and depending on the nature of your job, you might constantly deal with a pile of work and tight deadlines. If you can't prioritize, you'll fall behind and slow down productivity for the entire office. Employers value someone who has the ability to multitask and work quickly, but efficiently. Your employer can't afford for you to spend too much time on a single task.</p> <h2>3. Tolerance for High Stress Situations</h2> <p>It doesn't matter where you work or what you do, just about every job has its stressful periods. When the going gets tough, the last thing employers need is someone who crumbles under pressure. Rather, they're looking for someone who can perform under harsh conditions without jeopardizing the quality of their work. This doesn't mean you should stick with a job that tests your patience or affects your health in a negative way &mdash; your job isn't supposed to drive you insane &mdash; but there's value in demonstrating mental strength to tackle and deal with occasional stressful elements of your job without missing a beat.</p> <h2>4. Creative Thinking</h2> <p>A company has to evolve from time to time to keep up with their competition and to give customers what they need and want. Company heads generally take the lead in generating new ideas, but they often welcome suggestions from their staff. If you're a creative thinker who isn't afraid to take the initiative and share your ideas and solutions, you'll become an integral part of the team and contribute to the company's growth. Some of your suggestions could be ideas your superiors never considered. A creative mind paves the way for a position with greater responsibility.</p> <h2>5. Flexibility</h2> <p>As a company evolves, it's also important for its employees to adapt to change as the climate or situation at work may not stay the same forever. Management can make new decisions and implement new strategies for the betterment of the organization. For the company to move in the right direction, employers rely on their team's support, and they need flexible employees who can successfully adjust to changes in the situation.</p> <h2>6. Ability to Work in Teams</h2> <p>Some people prefer working alone. But when you join an organization, you become part of a team. Employers value those who have the ability to work in a group and collaborate with minimum disagreements or tension. Teamwork is essential because this is how a company establishes new ideas and solves problems. Two heads are better than one, after all. Therefore, some employers seek candidates who understand the importance of a team-oriented metric, and who are willing to work together to achieve the company's main goals.</p> <h2>7. Staying Motivated</h2> <p>It's your employer's responsibility to provide feedback and monitor your performance. But since you're not the only employee at the company, your boss can't hold your hand through every task. Being able to work on your own initiative without direct supervision is an asset employers value.</p> <p>Although you shouldn't overstep boundaries or come off as presumptuous, your employer may appreciate your resourcefulness with an ability to identify problems, come up with practical solutions, and decide the best course of action within your limits. Employers have a lot on their plates and they need workers who can consistently perform independently with minimum supervision.</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/7-skills-todays-employers-value-most">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/5-great-retail-jobs-for-working-parents">5 Great Retail Jobs for Working Parents</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-great-careers-you-can-have-with-a-liberal-arts-degree">10 Great Careers You Can Have With a Liberal Arts Degree</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-great-jobs-for-people-who-hate-the-9-5">10 Great Jobs for People Who Hate the 9-5</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-things-you-must-do-after-the-interview-to-land-the-job">6 Things You Must Do After the Interview to Land the Job</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/standout-stuff-to-put-on-your-resume">Standout Stuff for Your Resume and LinkedIn Profile</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Education & Training career skills employers finding a job job hunt skills work skills Mon, 07 Nov 2016 09:30:11 +0000 Mikey Rox 1827218 at http://www.wisebread.com 10 Great Careers You Can Have With a Liberal Arts Degree http://www.wisebread.com/10-great-careers-you-can-have-with-a-liberal-arts-degree <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-great-careers-you-can-have-with-a-liberal-arts-degree" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_72871715_LARGE.jpg" alt="careers you can have with a liberal arts degree" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It's quite possible you were warned against getting a liberal arts degree. &quot;It's too broad&quot; or &quot;you won't earn a great living&quot; are statements often hurled at people who pursue liberal arts. Common majors include English, mathematics, communication, history, language, philosophy, sociology, psychology, and the arts (fine art, music, performing arts). However, there are many <a href="http://www.wisebread.com/5-reasons-librarian-is-still-a-great-career-choice">great careers and opportunities</a> out there that pay an excellent wage, and offer a fulfilling vocation. Here are 10 of the best.</p> <h2>1. Public Relations Director</h2> <p>A <a href="http://study.com/articles/Public_Relations_Director_Job_Duties_Salary_and_Requirements.html">public relations (PR) director</a> is responsible for developing and executing strategies and tactics that will shine a positive light on his or her clients. You've no doubt heard the phrase &quot;that's good PR,&quot; and most of the time, there's a PR director behind the campaign. The director will have climbed the ladder from lower positions in the PR department, and is responsible for managing those people who help make things happen. These days, a lot of PR is done through social media and TV appearances, but it can be done in any number of ways, including stunts, viral videos, promotions, and public appearances. The hours are not typically 9-to-5, but the rewards can be tremendous.</p> <p><strong>Annual salary</strong>: $88,169-$161,449</p> <h2>2. Archaeologist</h2> <p>Before you don the fedora and the whip, realize that archaeologists like Indiana Jones are pure fantasy. But that doesn't mean it's not <a href="http://www.payscale.com/research/US/Job=Archaeologist/Salary">a fun and rewarding career</a>. Archaeology is the study of human activity through the ages, and involves the recovery and analysis of &quot;material culture.&quot; Most archaeologists study human prehistory and history, and a typical week's work could involve surveying, excavating, and analyzing the findings. Where we have been, and how we got here today, are areas of great interest to archeologists. And of course, much of what they recover ends up on display in a museum. </p> <p><strong>Annual salary</strong>: $29,965-$71,266</p> <h2>3. Senior Copywriter</h2> <p>Do you have a way with words? Are you skilled in the art of persuasion? Do you often come up with wild and inventive ideas that would make people sit up and take notice? Then a career as a copywriter could be right up your alley. Most copywriters start out on pitifully low salaries, especially those working in the big name ad agencies. But after 5-7 years, you can land the role of <a href="http://www1.salary.com/CopyWriter-IV-Salaries.html">senior copywriter</a>, and make close to six figures. If you go freelance, you can double, or even triple, that amount. Senior copywriters often go on to become creative directors, and those salaries can hit seven figures in the New York and London shops.</p> <p><strong>Annual salary</strong>: $56,992-$95,357</p> <h2>4. Sales Director</h2> <p>It takes a certain kind of person to excel in sales. The main focus of the sales director is to sell products and/or services through the implementation of national (or even international) sales plans and promotions. The <a href="http://swz.salary.com/SalaryWizard/Sales-Director-Salary-Details.aspx">sales director</a> will have a team of regional sales managers to oversee, and is responsible for the overall performance of the brand's financial success. Sales directors need to excel in negotiating, motivation, building relationships, coaching, market knowledge, developing budgets, and managing complex processes. It's a stressful job, but one that has great financial rewards.</p> <p><strong>Annual salary</strong>: $111,721-$207,227</p> <h2>5. Economist</h2> <p>If you're one of those lucky people who enjoys crunching numbers and researching economic trends, you could make a very comfortable living. An <a href="http://swz.salary.com/SalaryWizard/Economist-Corporate-Salary-Details.aspx">economist</a> typically collects and analyzes data relating to economic issues, designs policies to solve economic problems, and prepares reports for businesses, governments, and individuals. Although math is at the core, economists work in a variety of different fields, including business, health, education, the environment, and energy. The insight of a talented economist can be invaluable, and as such, skilled economists are in high demand &mdash; the salary clearly reflects this.</p> <p><strong>Annual salary</strong>: $80,978-$174,300</p> <h2>6. Sociologist</h2> <p>Sociology gets a bad rap. It's frequently said that people who get a sociology degree mean well, but have not thought things through. Typical jobs synonymous with sociology are social work, roles in correctional facilities, and counselors. All of these positions have a low median wage, but that is only one side of the story. <a href="http://www.truity.com/career-profile/sociologist">Professional sociologists</a> can earn an excellent living. Their workweek involves designing research projects to test theories on social issues, collecting and analyzing data, collaborating with social scientists, and helping government policymakers to create the best possible initiatives. Areas of interest include health, crime, education, family, population, gender, and poverty. And helping others can be extremely fulfilling work.</p> <p><strong>Annual salary</strong>: $43,280-$129,760</p> <h2>7. Real Estate Broker</h2> <p>First, let's establish the difference between a <a href="http://www.payscale.com/research/US/Job=Real_Estate_Broker/Salary">real estate broker</a> and a real estate agent. A real estate broker is a licensed individual who works for him or herself, whereas a real estate agent usually works for a broker or agency. Real estate brokers are typically go-getter types. They are driven, organized, ambitious, and charming. Day-to-day duties include soliciting clients who want to buy and sell properties, marketing those properties, arranging presentations and open houses, organizing paperwork, and supervising agents on the payroll. As it is primarily based on commission, the salary range is vast. Good brokers can earn a very handsome annual salary.</p> <p><strong>Annual salary</strong>: $29,333-$147,741</p> <h2>8. Psychologist</h2> <p>The lines between <a href="http://www1.salary.com/Psychologist-Salary.html">psychology</a> and psychiatry often get blurred. The basic difference is that a psychologist focuses on treating emotional and mental suffering with behavioral therapy; and a psychiatrist is a trained medical doctor, and can therefore prescribe medications and go beyond therapy. But it takes a lot longer to become a trained and licensed psychiatrist. As a psychologist, you will spend the majority of your day interacting with individuals, couples, and groups. It may be emotionally stressful at times. Many psychologists work for themselves, some out of their own homes. You can set your own hours, and feel good knowing you spend every day helping people feel better.</p> <p><strong>Annual salary</strong>: $69,953-$111,703</p> <h2>9. Executive Assistant</h2> <p>If you are exceptionally well-organized, have software and scheduling skills, and are happy jumping whenever a big cheese demands it, then you should look into a career as <a href="http://swz.salary.com/SalaryWizard/Executive-Assistant-Salary-Details.aspx">an executive assistant</a>. Big corporations these days have dozens of high-paid executives, and they all require an assistant to keep everything in order. It will go beyond just answering phones and emails, though. Get ready to conduct research, schedule travel and meetings, coordinate special projects, and supervise a lower tier of assistants and clerical staff. As top executives often work 70-hour weeks, you may be required to come into the office at unusual times. And don't be surprised to get phone calls at 3:30 a.m.</p> <p><strong>Annual salary</strong>: $47,717-$75,320</p> <h2>10. Actor</h2> <p>People with liberal arts degrees have a foundation of skills that make them good with people, and they are usually in touch with their emotions. These are both great qualities for an <a href="http://www.payscale.com/research/US/Job=Actor_%2f_Actress/Salary">aspiring actor</a>. While many actors, male and female, have to work a fairly ordinary day job to support themselves at first, some find their way into Hollywood's spotlight. And they can go from serving food to being served the finest meals in five-star hotels. For someone who makes it all the way to the top, like <a href="http://www.wisebread.com/6-money-lessons-we-could-all-learn-from-dwayne-the-rock-johnson?ref=seealso">Dwayne Johnson</a> ($64.5 million a year) or Jennifer Lawrence ($46 million a year) &mdash; it's a career that brings incredible rewards.</p> <p><strong>Annual salary</strong>: $20,040-$209,525&hellip;and way beyond!</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/10-great-careers-you-can-have-with-a-liberal-arts-degree">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/7-skills-todays-employers-value-most">7 Skills Today&#039;s Employers Value Most</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-signs-your-college-is-a-scam">6 Signs Your College Is a Scam</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/3-reasons-you-are-more-than-your-job">3 Reasons You Are More Than Your Job</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/9-careers-you-dont-need-a-ton-of-experience-to-start">9 Careers You Don&#039;t Need a Ton of Experience to Start</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/6-places-to-find-cheap-or-free-education">6 Places to Find Cheap (or Free!) Education</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Education & Training artistic talent college degree communications high paying jobs job hunting liberal arts liberal arts degree Tue, 01 Nov 2016 10:30:11 +0000 Paul Michael 1824622 at http://www.wisebread.com How to Stop Student Loans From Ruining Your Life http://www.wisebread.com/how-to-stop-student-loans-from-ruining-your-life <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-stop-student-loans-from-ruining-your-life" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/debt_piggy_bank_71881857.jpg" alt="Finding ways to stop student loans from ruining your life" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Student loans have become a huge problem. According to an analysis of government data from Edvisors, some 70% of recent college grads have education debt, and the total amount borrowed works out to an average of more than $37,000 per borrower. So burdensome is this debt that more than 40% of borrowers are behind on their payments or have stopped making them altogether, according to the U.S. Education Department.</p> <p>What can you do to avoid that fate? Here are four ideas &mdash; two geared toward families of high school students who haven't taken out student loans yet, and two aimed at college students who <em>have</em> borrowed.</p> <h2>Before You Borrow</h2> <p>Of course, the best way to keep student loans from ruining your life is to avoid borrowing in the first place. Here are two steps that can help.</p> <h3>1. Get Clear About What You're Going to Study</h3> <p>One reason why college costs so much for so many students is that so few graduate in four years. According to &quot;Four-Year Myth,&quot; a report from Complete College America, the four-year graduation rate at public universities ranges from 19% to 36%. Some who fail to graduate in four years drop out, others flunk out, but many others end up with extended stays on campus because they change majors.</p> <p>College is a very expensive place to &quot;find yourself.&quot; It's far better to enter school with as much clarity as possible about what you want to study.</p> <p>For high school juniors and seniors, there are numerous online assessments designed to help connect their skills, interests, and temperament to a number of possible careers. Some to consider include:</p> <ul> <li><a href="http://www.youscience.com/">YouScience</a>;</li> <li><a href="https://careerdirect-ge.org/">Career Direct;</a></li> <li><a href="https://www.mymajors.com/">MyMajors.</a></li> </ul> <p>Knowing what you want to study can help you avoid the five or six-year college plan and its associated costs.</p> <h3>2. Take a Gap Year</h3> <p>Taking a year off in between high school and college has been a popular practice in Europe for many years and is rapidly growing in popularity in the U.S. So much so that there is now a <a href="http://www.americangap.org/index.php">gap year association</a> as well as <a href="http://www.interimprograms.com/">consulting organizations</a> that help families (for a fee) determine whether a gap year makes sense for their children, and if so, how to best structure the gap year. Some schools will accept students and then allow them to defer enrollment for a year. The University of North Carolina even offers a <a href="http://admissions.unc.edu/explore/enrich-your-education/global-gap-year-fellowship/">global gap year fellowship</a>.</p> <p>A gap year can be used to earn money for college or explore career interests. Either way, it can help lessen the need for loans. (See also: <a href="http://www.wisebread.com/8-money-moves-students-should-make-during-a-gap-year?ref=seealso">8 Money Moves Students Should Make During a Gap Year</a>)</p> <h2>After You Borrow</h2> <p>If you have already taken out loans to pay for college, here are two practical steps for minimizing the burden of such borrowing.</p> <h3>3. Create a Post-College Budget</h3> <p>Numerous surveys have found that students with education loans have little idea what they've gotten themselves into.</p> <p>A recent survey by Lendedu, a company that helps students refinance their education loans, found less than 10% of student borrowers understood how long it would take to pay off their loans or what interest rate they were being charged. Less than 30% understood that if they fail to repay on time, the government could garnish their wages or withhold their tax refunds.</p> <p>A couple of years ago, a study by the Brookings Institute found that among first-year students who had students loans, 17% said they didn't realize they even <em>had</em> loans.</p> <p>If you're going to borrow, you need to know <em>that </em>you owe, <em>what</em> you owe, and what it's going to take to repay. One of the best reality checks is to calculate the monthly cost of your loan payment while you're still in school. Then create a detailed post-college budget using a monthly <a href="http://www.mattaboutmoney.com/resources/">Cash Flow Plan</a> form.</p> <p>Creating a budget that includes student loan payments may motivate you to avoid taking on more debt. At very least, it'll help you understand how much you can afford for housing and other expenses after you graduate and may persuade you to avoid taking on other debts, such as a car loan.</p> <h3>4. Prioritize Accelerated Repayment</h3> <p>Under a standard loan contract, a student loan is to be paid off in 10 years. But you don't have to take that long, and the sooner you can be done with debt, the better. Especially since there are no penalties for paying off a student loan early, commit now putting your debt on an accelerated payoff schedule.</p> <p>The monthly cost calculator mentioned above enables you to run some what-if scenarios based on adding different amounts on top of your required payments. Seeing how much more quickly you could be out of debt may motivate you to live well beneath your means after graduating in order to prioritize accelerated debt repayment.</p> <p>Today, the burden of student loans is causing many young people to delay getting married, put off starting a family, and give up on buying a home. But it doesn't have to be that way for you.</p> <p>Whether you're a high-school student who's just thinking about college financing options or a college student who has already taken on debt, these simple steps should help you keep student loans from taking over your life.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/matt-bell">Matt Bell</a> of <a href="http://www.wisebread.com/how-to-stop-student-loans-from-ruining-your-life">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/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-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-trumps-presidency-might-change-student-loans">How Trump&#039;s Presidency Might Change 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/3-private-lenders-that-can-really-save-you-money-on-your-student-loans">3 Private Lenders That Can Really Save You Money on Your 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/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/student-loans-how-to-make-post-college-decisions">Student Loans: How to Make Post-College Decisions</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Debt Management Education & Training bills borrowing budgeting college degree gap year loan repayment planning school student loans Tue, 11 Oct 2016 09:30:21 +0000 Matt Bell 1810486 at http://www.wisebread.com 6 Signs Your College Is a Scam http://www.wisebread.com/6-signs-your-college-is-a-scam <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-signs-your-college-is-a-scam" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_93713933_MEDIUM.jpg" alt="signs your college is a scam" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A college degree opens doors. While there are certainly ways to find professional and financial success without a college degree, it can be a harder and longer path. The relationships built, the skills learned, the knowledge granted, and the credentials earned open pathways that might have beyond an individual's reach.</p> <p>However, not all colleges in the United States deliver the type of education that will lead to financial success. ITT Technical Institutes' <a href="http://www.theatlantic.com/news/archive/2016/09/itt-tech-closes/498752/">recent and sudden closure</a> after it was barred from admitting students utilizing federal funds, was a reminder of that fact. The closure of the school put the educational and financial prospects of thousands of students in jeopardy.</p> <p>Prospective students need to remember that technical schools and colleges &mdash; even nonprofits &mdash; are run like businesses. They won't necessarily broadcast that they aren't capable of delivering the type of education you expect. It's up to you to investigate the school and discover any red flags that indicate the college is a total scam. Here are a few warning signs to look out for.</p> <h2>1. It's in Poor Financial Health</h2> <p>ITT Tech's closure due to financial issues isn't an isolated, once-in-a-blue-moon incident. Inside Higher Ed reports that on average, <a href="https://www.insidehighered.com/news/2015/09/28/moodys-predicts-college-closures-triple-2017">five colleges close down annually</a>. The number of college closures per year is expected to triple in the coming years as admission rates at smaller colleges drop. Smaller private and public colleges are dependent on tuition to remain financially viable. This means that years of low admission rates can result in a slow, prolonged death for the college which can blindside students.</p> <p>When a school closes, students might need to:</p> <ul> <li>Restart the school vetting process;</li> <li>Pay admission and application fees for new colleges;</li> <li>Find an institution that will transfer the most credits;</li> <li>Potentially apply to have&nbsp;<a href="https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/closed-school">federal loans discharged</a>;</li> <li>Contend with issues keeping&nbsp;<a href="http://www.scpr.org/news/2016/09/19/64802/itt-tech-closure-could-turn-into-housing-crisis-fo/">housing benefits</a>.</li> </ul> <p>In order to avoid enrolling in a college that might go under before you graduate, potential college students can check the financial health of their college by doing a Google search about the school's financial health or admission rates.</p> <h2>2. It Lacks Proper Accreditation</h2> <p>Proper accreditation is vital to a degree or certificates' worth. According to RuthAnn Althaus, a program coordinator at Ohio University, <a href="http://onlinemasters.ohio.edu/mhadegree-org-an-interview-with-dr-ruthann-althaus/">accreditation is vital because</a> it &quot;provides assurance to students, their employers, and the U.S. Department of Education (DOE) that institutions are meeting rigorous educational standards and are professionally sound.&quot;</p> <p>If you accidentally attend a college without proper accreditation, you will not be qualified to work in a field that requires a degree, and employers might not recognize your degree as a valid educational credential. You can ensure that the institution is accredited by searching for the school's website for the accreditation information. Be sure to double check the accreditation claim on the accrediting institution's website.</p> <h2>3. Does It Have National or Regional Accreditation?</h2> <p>There's another layer to the accreditation conundrum. In the U.S., colleges and programs can either be regionally accredited or nationally accredited. Accreditation from nationally accredited institutions (a lot of for-profit schools fall into this category) are often not recognized by public colleges.</p> <p>ITT Tech students are currently dealing with this issue. Due to the fact that ITT Tech was nationally accredited, students have very few options as they attempt to find a replacement school. Right now, ITT students<a href="https://www.insidehighered.com/news/2016/09/01/options-itt-tech-students-if-profit-chain-collapses"> who want to transfer to another school</a> are limited to other nationally accredited schools and the few community colleges that are willing to consider transferring their credits.</p> <p>Before you apply to a nationally accredited institution, you should seriously consider if you would like the option to eventually transfer to a regionally accredited institution.</p> <h2>4. The School Is Facing Accreditation Probation or Withdrawal</h2> <p>Accreditation isn't a lifetime endorsement for a college. Accredited institutions must continually prove that they meet the required educational and financial standards to keep their certification. Schools that fail to meet standards can be placed on probation.</p> <p>Enrolling into a college that is in a probationary period is risky. Failure to improve can lead to the institution losing their accreditation either voluntarily or by having it revoked. The loss of accreditation will mean that if you want a degree that is actually worth anything, you will need to transfer to another school. If this happens in the middle of the semester, you can lose time and money.</p> <h2>5. It's Linked to State or Federal Investigations</h2> <p>State or federal investigations of the school or its accrediting agency might be a sign that the school will not be a good investment. While not all investigations indicate wrongdoing, in recent years, the federal and state investigations of ITT Technical Institutes resulted in the Department of Education barring the school from utilizing federal aid to enroll students. That restriction led to the collapse of the school.</p> <p>When accrediting agencies are investigated, the fallout can be even more extreme. ACICS, the agency that accredited ITT Technical Institution, has been <a href="https://www.insidehighered.com/news/2016/06/24/federal-panel-votes-terminate-acics-and-tightens-screws-other-accreditors">recommended for termination</a> after a federal investigation. If the recommendation goes through, <em>every college</em> ACICS accredits will have 18 months to get recertified with a different agency. Those school's ability to find another certification agency to endorse them really depends on the quality of the institution and their financial health.</p> <p>To be safe, before you enroll in a college, you should search for any news of investigations of the colleges you are vetting or the agency that accredits the college. If the investigations have to do with the school's finances or recruitment practices, you might want to dig a little deeper into the investigation before enrolling.</p> <h2>6. It Has Low Freshman Retention and Graduation Rates</h2> <p>Enrolling in a college with low student retention and graduation rates is an extremely risky endeavor. While you shouldn't discount a school entirely due to low rates, it should at least be a warning sign that should lead to further investigation.</p> <p>Low rates can be the result of:</p> <ul> <li>Students transferring to another school before graduation;</li> <li>Students taking more than four years to graduate;</li> <li>Low emotional and academic student support and guidance by teachers and advisers;</li> <li>Lower academic standards for admission.</li> </ul> <p>You can check the rates of colleges utilizing the website&nbsp;<a href="https://collegescorecard.ed.gov/">College Scorecard</a>.</p> <p>Colleges whose rates are around the national average &mdash; you probably don't need to investigate further. If the college has lower than average rates (10%-20%), that might be a major red flag to take into account before enrolling. You should at least prepare yourself for an uphill battle in your quest to earn your degree.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/samantha-stauf">Samantha Stauf</a> of <a href="http://www.wisebread.com/6-signs-your-college-is-a-scam">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/how-trumps-presidency-might-change-student-loans">How Trump&#039;s Presidency Might Change Student Loans</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-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-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/20-freebies-for-college-students">20+ Freebies for College Students</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-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-5 views-row-odd views-row-last"> <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> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Education & Training back to school college college degree fraud higher education ITT Tech scam school Fri, 07 Oct 2016 09:30:24 +0000 Samantha Stauf 1807406 at http://www.wisebread.com 4 Ways to Make the Most of Your Student Loan Grace Period http://www.wisebread.com/4-ways-to-make-the-most-of-your-student-loan-grace-period <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-ways-to-make-the-most-of-your-student-loan-grace-period" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_happy_diploma_94435335.jpg" alt="Woman making the most of her student loan grace period" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Graduating from college with your degree in hand is exciting. But the thought of paying back your students loans? Not so much. But, depending on the type of student loans you took, you're probably eligible for a grace period, or a set number of months after graduation in which you don't have to start repaying your loans.</p> <p>During this time, you can take financial steps to prepare yourself not only for your looming monthly loan payments, but also for your entire financial future. Take advantage of this grace period to begin building your savings, building a solid credit score, and building a budget.</p> <p>Don't skimp on these steps. After all, that grace period doesn't last forever.</p> <h2>How Grace Periods Work</h2> <p>The federal government doesn't always expect you to begin repaying your student loans as soon as you leave college. Instead, most federal student loans come with a grace period. The goal is to give recent graduates a chance to start earning money and settle their finances before they have to start making monthly student loan payments.</p> <p>The grace period varies depending on the type of federal loans you are repaying. Direct subsidized loans, direct unsubsidized loans, subsidized federal Stafford loans, and unsubsidized federal Stafford loans come with a grace period of six months during which you won't have to make payments. Federal Perkins loans come with a grace period of nine months. Depending on when you took them out, the interest on some loans might continue to grow even during the grace period.</p> <h2>1. Select a Repayment Plan</h2> <p>It's during your grace period that you'll need to select a repayment plan for your student loans. For federal student loans, you'll automatically be entered into the Standard Repayment Plan. This plan gives you at least 10 years to repay your student loan debt, and is usually the most affordable choice. Under this plan, you'll pay the least amount of interest.</p> <p>There are exceptions, though. If you haven't been able to find a job or if your job pays you little, an income-driven plan might make more sense. These plans come with lower monthly payments that are designed to be affordable to you. However, you will end up paying more interest over the long run.</p> <p>As your grace period ticks away, make sure to stay in contact with the servicer that is handling your loan repayments. Your servicer can answer any questions you have and help you find the best repayment option. You can find the servicer of your loan at <a href="https://studentaid.ed.gov/sa/?login=true">My Federal Student Aid</a>.</p> <h2>2. Create a Budget</h2> <p>Once you enter the workforce, it's essential to create a budget. Simply list all of the money that you earn during the month. Then list all of your expenses, including estimated costs for items such as groceries, dinners out, and entertainment. Now you'll know how much extra money you should have every month. (See also: <a href="http://www.wisebread.com/build-your-first-budget-in-5-easy-steps?ref=seealso">Build a Budget in 5 Easy Steps</a>)</p> <p>Make sure to factor in your estimated monthly student loan payments in this budget. This will help you determine whether you can repay your loans under the Standard Repayment Plan or if you'll need to consider an income-based option for tackling your monthly loan payments.</p> <h2>3. Start Building Your Savings</h2> <p>It's tempting when you get your first paychecks to spend everything you've earned. Resist. Instead, start building your savings. It's important to have an emergency fund that you can tap into whenever a financial emergency pops up. And these emergencies will happen. Your car might suddenly need expensive repairs. If you've built up an emergency fund, you won't have to rely on your high interest rate credit cards to cover these unexpected financial hits. (See also: <a href="http://www.wisebread.com/the-best-low-interest-rate-credit-cards?ref=seealso">Transfer Balances to These Low Interest Rate Cards</a>)</p> <p>It might sound good, but your grace period is a great time to start saving for retirement. The sooner you start putting money away for your eventual retirement, the better off you'll be once you leave the workforce. Retirement might seem like it's ages away. But if your employer offers a 401K plan, enroll in it and start saving at least some of each paycheck for retirement. If your employer doesn't offer a 401K plan, consider opening an IRA on your own.</p> <p>Of course, this assumes that you'll have enough money to save and meet your monthly financial obligations, including your upcoming student loan payment. If you can't, put retirement savings on hold.</p> <h2>4. Build Your Credit</h2> <p>You need a strong credit score today. Lenders rely on this score when determining who qualifies for auto and mortgage loans and at what interest rates. Fortunately, you can start building a good credit score as soon as you graduate (or before, really). Pay all your bills on time. When you use credit cards, only charge what you can afford to pay off in full when your payment is due. If you take out a car loan, make your payments on time every month.</p> <p>Taking these simple steps will help you build a solid credit score. And when it's time to start making your student-loan payments? Every time you make one of these payments on time, you'll be taking a small step to building your score, too.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/4-ways-to-make-the-most-of-your-student-loan-grace-period">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/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-2 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-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/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-5 views-row-odd views-row-last"> <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> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training budgeting college federal loans grace periods loans planning repayment plans savings stafford loans student loans Wed, 05 Oct 2016 10:00:05 +0000 Dan Rafter 1805246 at http://www.wisebread.com 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 11 Smart, Frugal Things Every College Care Package Should Include http://www.wisebread.com/11-smart-frugal-things-every-college-care-package-should-include <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/11-smart-frugal-things-every-college-care-package-should-include" 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_boxes_13133755_0.jpg" alt="Parent sharing frugal things that all college care packages need" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>My son headed off to college this fall, so I have been thinking about the best things to send in a college care package. Whatever you ultimately decide to include, make sure the items inside your care package fit the following criteria:</p> <ul> <li><strong>Small</strong>: So your care package items won't take up too much space in a small dorm room or apartment.<br /> &nbsp;</li> <li><strong>Lightweight</strong>: For inexpensive shipping or easy carrying to the room.<br /> &nbsp;</li> <li><strong>Nonperishable</strong>: So items won't spoil before they can be enjoyed.<br /> &nbsp;</li> <li><strong>Inexpensive</strong>: After all this is a <a href="http://www.wisebread.com/9-freshman-shopping-tips-to-cut-college-costs">frugal care package</a>!<br /> &nbsp;</li> <li><strong>Personal</strong>: Make them remember the comforts of home, as it will relieve stress as they cram for exams.<br /> &nbsp;</li> <li><strong>Useful</strong>: Don't make your student store and haul items around that they'll never use.<br /> &nbsp;</li> <li><strong>Scarce</strong>: Items not easily obtained on campus will be appreciated more.</li> </ul> <p>It is difficult to find things that meet all of these criteria, but good college care package items should meet at least <em>some </em>of them. Here are some best bets for a college care package.</p> <h2>1. Homemade Cookies</h2> <p>Since homemade cookies only stay fresh for a few days, a dozen is a good number to send. Pack your homemade cookies in a zip-lock bag to extend freshness.</p> <h2>2. Clean Clothes</h2> <p>I included a favorite pair of my son's exercise pants that he left at home in my last care package. I remember from my college days how much clean clothes are appreciated!</p> <h2>3. Handwritten Note</h2> <p>Of course you could send a note by text or email, but it is nice to get something tangible from home that your student can have around as a reminder that they have not been forgotten.</p> <h2>4. Photos</h2> <p>It is nice for your student to have some real hard-copy photos from home to look at and maybe even put up in their room or on their desk.</p> <h2>5. Lucky Item</h2> <p>I went to college with a wool trench coat that my father wore when he was in college, which I thought was really cool. I gave my son a medallion that I received to take with him for good luck.</p> <h2>6. Small Toys</h2> <p>Small toys can be good stress relievers and provide a convenient break from studying. Some good toys for a college care package are a Jenga, Play Doh, a deck of cards, or a Rubik's Cube.</p> <h2>7. Smart Snacks</h2> <p>College kids keep weird hours, so late night snacks are always appreciated. Some good snack items are: beef jerky, gum, granola bars, a box of their favorite cereal, microwave popcorn, instant oatmeal, and tea bags. Include a ceramic microwaveable mug that your student can use to heat water to prepare items that require hot water.</p> <h2>8. Cash</h2> <p>Cash will never go unused or unappreciated by a college student! Gift cards are also useful, but I prefer the simplicity and convenience of cash since gift cards cost money to purchase and may have restrictions on where they can be used.</p> <h2>9. Team Gear</h2> <p>This item breaks the rule to send things that are not readily available on campus, but is sure to be a hit anyway. Send a hat, T-shirt, or sweatshirt with the school logo.</p> <h2>10. Forgotten Items</h2> <p>Surprise your student with small things they forgot to take with them. Send their slippers, grooming or self-care products, and other personal items that were left behind. Your student will appreciate these things after they are settled in.</p> <h2>11. Reverse Care Package</h2> <p>Here is a free care package idea &mdash; take stuff away from your student! There were a few items that my son took to college with him that he didn't need, so we picked up a &quot;reverse care package&quot; from his dorm room. Taking unneeded items away gets them out of the way and frees up space. Plus we got to visit our son and see his room after he had it all set up.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dr-penny-pincher">Dr Penny Pincher</a> of <a href="http://www.wisebread.com/11-smart-frugal-things-every-college-care-package-should-include">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/20-freebies-for-college-students">20+ Freebies for College Students</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-trumps-presidency-might-change-student-loans">How Trump&#039;s Presidency Might Change 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/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-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-5 views-row-odd views-row-last"> <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> </ul> </div> </div> </div> </div><br/></br> Frugal Living Education & Training care package college college care package college living college student dorm Wed, 28 Sep 2016 10:31:03 +0000 Dr Penny Pincher 1801617 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 9 Careers You Don't Need a Ton of Experience to Start http://www.wisebread.com/9-careers-you-dont-need-a-ton-of-experience-to-start <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-careers-you-dont-need-a-ton-of-experience-to-start" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_police_officer_92304699.jpg" alt="Woman finding career that doesn&#039;t need experience to start" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>So, you don't have a lot of experience, but you don't want to settle for a terrible job. What are your options? Well, you may be surprised to learn that there are careers out there <a href="http://www.wisebread.com/6-great-side-jobs-you-can-do-on-your-bicycle">offering decent salaries</a> that don't even require a high school diploma, let alone a degree. And since the cost of college these days is so high, continuing education may not even be an option for you. If you're looking for a career that doesn't need any real experience to start, here are nine options worth considering.</p> <h2>1. Private Investigator</h2> <p>You'll see <a href="http://www.bls.gov/ooh/protective-service/private-detectives-and-investigators.htm">private investigators</a> popping up in movies and TV shows all the time, and they seem to live the lifestyle of an action hero crossed with Sherlock Holmes. In reality, a P.I. does not spend his or her time jumping off buildings, embroiled in car chases, and saving the day. Instead, the job involves a lot of research and background checking, and 80% of the work will be done in front of a computer and on the phone. Cases usually revolve around personal disputes, legal issues, or financial troubles &mdash; although sometimes a P.I. will be brought in to help look for a missing person, deliver a subpoena, or track down a relative. Although a background in either law enforcement of the military is the usual path of getting into the business, all you really need is a skill for uncovering information and, in some states, a P.I. license.</p> <p><strong>Average Annual Salary</strong>: $45,610</p> <h2>2. Real Estate Broker</h2> <p>With good people skills and the ability to convince someone to buy something, you could do well in real estate. To get started, you will need to get a license to become an agent, and that requires you to take a 60-hour course. Once you have that, you can either go out on your own, or get a job with a local real estate firm. And after you've tucked a little experience under your belt (usually 1-3 years), you can take another test to become a broker. Then, you can build a network of clients and referrals, and start making some serious money. Although the median salary is just over $70k, top real estate brokers can earn well over $300k per year.</p> <p><strong>Average Annual Salary</strong>: $72,500</p> <h2>3. Delivery Driver</h2> <p>If you have a license to drive an automobile, you can become a delivery driver. You do not need a Commercial Driver's License unless the job you're applying for states it specifically. Delivery driver jobs can range from part-time work at the local pizza place, to handling dangerous substances (known as Hazmat). Once upon a time, you needed a good working knowledge of the local, or sometimes national, roads and highways, but smartphones with built-in GPS and map apps have changed all that. The hours can be long, and not always 9-5, but if you're looking for a job with no experience, this is a good bet.</p> <p><strong>Average Annual Salary</strong>: $38,326</p> <h2>4. Deckhand</h2> <p>If you like the ocean and want to do some free traveling, a <a href="http://www.indeed.com/salary/Deckhand.html">deckhand</a> could be just the job you're looking for. The deckhands on a cruise ship don't get to do a lot of fun work, but they do get to see a little of the world as part of the job. Duties include monitoring gangways, running ship drills, mopping, sweeping, cleaning, making minor repairs, painting, helping to dock the boat, solving small problems, and basically being a jack-of-all-trades. Deckhands are also needed on dredges, riverboats, fishing vessels, and scows. No experience is needed to start this job, and contracts are usually for six months or longer. After you gain some experience on the ship, you can move up to deck officer, mate, or even captain.</p> <p><strong>Average Annual Salary</strong>: $38,000</p> <h2>5. Police Officer</h2> <p>&quot;To protect and to serve.&quot; It's the motto of many police departments, and if you have what it takes to do it, you could make a fine police officer. All you need is a high school diploma, and to be in good physical shape. Police expert Neal C. Griffin says that great officers exhibit the <a href="http://www.how-to-become-a-police-officer.com/">Five I's: integrity, intellect, industry, initiative, and impact.</a> Therefore, you should also exhibit excellent moral character, have a knack for solving problems, and work well under duress. If this sounds like something you are interested in, you will need to submit an application, complete a written test (called a civil service exam), and take a physical fitness test. After that, you'll undergo a background check before being accepted to an academy for training. This takes six months, after which you'll do 3-6 months of field training.</p> <p><strong>Average Annual Salary</strong>: $48,815</p> <h2>6. Oil Field Worker</h2> <p>When asked about the experience needed in an interview for <a href="http://www.jobshadow.com/interview-with-a-roughneck/">JobShdaow.com</a>, the &quot;roughneck&quot; replied, &quot;You don't even have to have a GED to do this job. In fact a lot of the industry never finished high school, or middle school. There is no educational boundaries for drilling. All you need is a strong back and a lot of common sense.&quot;</p> <p>This 22-year-old who was interviewed is already making over $100K a year, but does warn that it is hard, sometimes backbreaking work, and the 84-hour workweek can be grueling (you work two weeks on, two weeks off). If you can take direction well, don't mind getting your hands dirty, and can manage the schedule, you'll do well in this business, and make a lot of money. Of course, it can also be dangerous work; <a href="http://www.npr.org/2013/12/27/250807226/on-the-job-deaths-spiking-as-oil-drilling-quickly-expands">in 2012,</a> 138 workers died on the job, with the fatality rate eight times higher than the all-industry rate of 3.2 deaths per 100,000 workers.</p> <p><strong>Average Annual Salary</strong>: $69,000</p> <h2>7. Administrative Assistant</h2> <p>Although many companies will look for at least a high school diploma on your resume, there is no experience required to be an administrative assistant. You should have good typing and organization skills, and familiarity with some of the most common software programs (Microsoft Word, Excel, PowerPoint). Admin assistants are usually tasked with filing, making and receiving calls, managing visitors, typing letters, organizing business meetings, and doing other odd jobs around the office. If you excel in the position, you can quickly rise to senior administrative assistant, executive assistant, and even senior executive assistant. The higher up the ladder you go, the greater the perks and the pay. You may get to do a lot of traveling, and attend some pretty fancy industry events, too.</p> <p><strong>Average Annual Salary</strong>: $37,006</p> <h2>8. Security Guard</h2> <p>Don't think that all security guards are strapping six-foot bodybuilders with former military experience. While some positions do require someone with good physical fitness and self-defense training, many are simply asked to report suspicious activity. In fact, many retirees go into security work, and they are in their sixties and seventies.</p> <p>Duties can include sitting in a room watching CCTV monitors, crowd control, and doing regular patrols of the building. It's possible you will have to confront people, but that will be outlined in the job description. If you're young and fit, you could easily get promoted to head up a team of guards, and may eventually get a job at the head office.</p> <p><strong>Average Annual Salary: </strong>$29,083</p> <h2>9. Car Sales Consultant</h2> <p>No experience is needed to sell automobiles, but how much you earn in a year will vary greatly depending on the kind of salesperson you are. Now, the profession gets a bad rap, but the industry has definitely cleaned up its image over the last decade. And with the Internet helping people do a lot more research, sales consultants are much less likely to force bad deals and excessive pricing on customers. Instead, the job is more about selling the great features and benefits of the car, and closing the sale. Interestingly enough, only 20% of a dealership's revenue comes from new car sales; the majority comes from buying and selling used cars for a profit, servicing cars, and financing. Selling cars can be hard work, especially during the weekdays when few people come onto the lots. But if you're good at it, you can easily make over $300K a year selling higher-end cars like BMWs and Audis.</p> <p><strong>Average Annual Salary</strong>: $31,000 + Commission</p> <p><em>Salary information found on </em><a href="http://www.indeed.com/"><em>Indeed</em></a><em>, </em><a href="http://www.payscale.com/"><em>Payscale</em></a><em>, and </em><a href="https://www.glassdoor.com/index.htm"><em>Glassdoor</em></a><em>. </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/9-careers-you-dont-need-a-ton-of-experience-to-start">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/your-guide-to-getting-a-job-right-out-of-college">Your Guide to Getting a Job Right Out of College</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/make-guerrilla-job-hunting-work-for-you">Make Guerrilla Job Hunting Work for You</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-get-the-job-without-saying-a-word">How to Get the Job Without Saying a Word</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-terrible-work-from-home-jobs-you-should-avoid">8 Terrible Work-From-Home &quot;Jobs&quot; You Should Avoid</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-best-times-of-year-to-start-a-job-search">The Best Times of Year to Start a Job Search</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Job Hunting careers job application job experience job hunting job search job training resume salary Tue, 20 Sep 2016 10:00:09 +0000 Paul Michael 1796100 at http://www.wisebread.com Student Loan Debt in Collections? Try These 5 Steps http://www.wisebread.com/student-loan-debt-in-collections-try-these-5-steps <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/student-loan-debt-in-collections-try-these-5-steps" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_stressed_bills_87593851.jpg" alt="Woman using 5 steps with student loan debt in collections" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>We are all too familiar with the stats when it comes to student loan debt. American borrowers owe more than <a href="http://www.wisebread.com/5-sobering-facts-about-student-loan-debt">1.2 trillion in student loan debt</a>, and more than 70% of U.S. college graduates have student loans of some sort. This staggering amount of student loans has far surpassed credit card debt, which now stands firmly in second place behind mortgage debt as the largest source of U.S. debt.</p> <p>But the less-mentioned student loan debt problem is the rising default rate. According to the National Student Loan Data System, 12% of subsidized loans, and 25% of Family Federal Education Loans (FFEL), were in default in 2015.</p> <p>If you're in this situation, and your student loan is on the brink of default, here are five steps to handle student loan debt in collections.</p> <h2>1. Check Your Credit</h2> <p>If you haven't bothered to open up your student loan statement recently, it might be time to check your credit report. Many people don't realize that their student loans are actually in default and spend years thinking the loan must've magically disappeared, or the student loan fairy came and paid off the debt.</p> <p>Once your loan goes into default, it is handed over to a <a href="http://www.wisebread.com/account-in-collections-heres-how-to-fix-it">collection agency</a>. An account in collection significantly <a href="http://www.wisebread.com/the-5-things-with-the-biggest-impact-on-your-credit-score">affects your credit score</a>. While this might not matter to you now, if you're thinking about buying a house or a car or applying for a credit card, you might find yourself out of luck with a low credit score.</p> <p>It's easier than ever to check your credit fast and easy. There are loads of apps you can use, like <a href="http://www.dpbolvw.net/click-2822544-10809829-1284618439000">Credit Karma</a> and <a href="http://www.tkqlhce.com/click-2822544-12336153-1455123184000">Credit Sesame</a>, that will show your credit score and give you tips on how to better your score. You can also check your credit for free at <a href="https://www.annualcreditreport.com/index.action">AnnualCreditReport.com</a> &mdash; you'll receive your credit report, but will need to pay a small fee if you want to get your actual score.</p> <p>Also, many credit card companies now include your credit score on your monthly statement with some detail about your score.</p> <h2>2. Rehab Your Loan</h2> <p>The next step is to get your loan in a rehabilitation program. Contact the collection agency handling your loan and ask them how to enter the rehabilitation program.</p> <p>Rehabbing a loan is critical because once your student loan is in collections, there are many adverse consequences that extend beyond your credit score. Some collection agencies will garnish your wages to recoup the balance that is owed. Not only can your paychecks be tapped, but also your highly-coveted tax return money.</p> <p>Rehabbing a student loan is just like any other form of rehab &mdash; you've got to get super committed to the process to see results. Rehab brings your loan safely out of default, which will help repair your credit score. It's a process, so make sure you understand exactly what you need to do with each collection agency to bring your loan back to life.</p> <h2>3. Always Pay on Time</h2> <p>Once your loan is in rehab, paying on time will be your best ally in winning the war against student loan default. Rehab offers you a chance to get right with your loan, often through small monthly payments based on your income.</p> <p>The key to loan rehab is to make nine consecutive monthly payments on-time while in the program before your loan can be taken out of collections and sent to a new loan servicing company. At that point, your default status will be removed, and you'll also have access to programs like deferment and <a href="http://www.wisebread.com/what-is-student-loan-forbearance-anyway">forbearance</a>.</p> <h2>4. Get It in Writing</h2> <p>As with most things in life, getting something in writing is your best defense. The same goes for student loan rehabilitation. Once you've made your nine monthly on-time payments and your loan rehab is complete, kindly ask the collection agency for a nice letter stating that all related negative marks from your student loan record have vanished.</p> <p>Now, this is the tricky part. Collection agencies aren't known for their excitement over supplying a letter in writing, which again is why you need to ask in your nicest voice and use a lot of &quot;pretty pleases.&quot;</p> <p>This letter is worth its weight in gold to you, though. It is what you will send to the three main credit bureaus &mdash; Experian, TransUnion, and Equifax &mdash; to ensure that the marks are removed. Make sure that the letter includes your name, the name of the collection agency, the account number that the letter is referencing, and the date the loan rehabilitation process was completed.</p> <h2>5. Stay on Track</h2> <p>The last step may seem like an obvious one, but staying on track is the best way to keep your student loans out of collections. Once you've gone through all the work of rehabbing your loan, the last thing you want to do is undo that process by neglecting your student loan.</p> <p>Here are a few steps to stay on track:</p> <ul> <li>Select a new payment plan that works with your budget. There are countless payment plan options like <a href="http://www.wisebread.com/the-definitive-guide-to-pay-as-you-earn-a-great-student-loan-repayment-plan">Pay As You Earn</a>, which adjusts with your salary.<br /> &nbsp;</li> <li>Put your new student loan payments on auto-debit each month so that you make sure it's getting paid.<br /> &nbsp;</li> <li>Create a new monthly budget that includes your student loan payment and scrub through your bank statements to find ways to save money each month. There are lots of <a href="http://www.wisebread.com/7-apps-that-make-budgeting-fun-no-really">mobile apps</a> to help you.<br /> &nbsp;</li> <li>Regularly check your credit score to ensure that you're not missing any payments and that your credit score is improving.</li> </ul> <p>If your student loan debt is in collections, it's not the end of the world. It happens to thousands of people each year, so you're not alone. However, you'll want to make sure that you follow these steps, rehab your student loan, and find ways to make your student loan payments work in your budget.</p> <p><em>How are you doing with your student loans?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/shannah-game">Shannah Game</a> of <a href="http://www.wisebread.com/student-loan-debt-in-collections-try-these-5-steps">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/4-times-student-loan-refinancing-can-save-you-big">4 Times Student Loan Refinancing Can Save You Big</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/avoid-these-5-common-mistakes-while-rebuilding-your-credit">Avoid These 5 Common Mistakes While Rebuilding Your Credit</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-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-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-surprising-ways-to-pay-off-your-student-loans">8 Surprising Ways to Pay Off Your Student Loans</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/prioritize-these-5-bills-when-youre-short-on-cash">Prioritize These 5 Bills When You&#039;re Short on Cash</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Debt Management Education & Training collections credit score forbearance past due paying bills rehab student loans Mon, 12 Sep 2016 10:00:12 +0000 Shannah Game 1788933 at http://www.wisebread.com