Education &amp; Training http://www.wisebread.com/taxonomy/term/12010/all en-US 5 College Degrees With the Highest ROI http://www.wisebread.com/5-college-degrees-with-the-highest-roi <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-college-degrees-with-the-highest-roi" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/smart_kid_000012050388.jpg" alt="Kid learning the college degrees with the highest ROI" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The first two things people usually want to know when you tell them you're making preparations for college are your intended school and major. Sure, they're curious to learn more about what you're interested in studying. But it's also because these are two of the main factors in determining your earning potential beyond college.</p> <p>Most of us sacrifice years of our time and make a significant financial investment in order to obtain an <a href="http://www.wisebread.com/5-college-degrees-not-worth-the-money">undergraduate degree</a>. If you want your future earnings to reflect these commitments, focus on high-earning majors, such as these.</p> <h2>1. Science</h2> <p>There are several high-paying careers within the three major areas of science &mdash; biology and life sciences, physical sciences, and social sciences. According to U.S. Bureau of Labor Statistics, chemistry, biology, geology, climatology, and hydrology majors, to name a few, are in high demand and graduates in these fields earn upwards of $100,000 at mid-career level. In particular, says Salary.com, biology majors from public colleges can see an <a href="http://www.salary.com/8-college-degrees-that-will-earn-your-money-back/slide/7/">ROI of over 100%</a> on their degrees.</p> <h2>2. Technology</h2> <p>Many of our recent advances in society are due to technology majors &mdash; making them highly sought after and crucial to employers. According to Salary.com, BI specialists and IT managers can expect mid-career earnings in excess of $100,000 and a <a href="http://www.salary.com/8-college-degrees-that-will-earn-your-money-back/slide/4/">degree ROI of approximately 170%</a>. Some in-demand technology fields include computer information systems, computer science, management information systems, developers, and network security.</p> <h2>3. Engineering</h2> <p>Engineering graduates are also among top paid new hires. For 2015, undergraduates earning their degree in engineering can expect to earn an entry level salary of between $55,000&ndash;$57,000 per year. Competitive industrial engineering majors include, mechanical engineering, electrical engineering, and civil engineering. Biomedical, software, environmental, and petroleum engineers are also among the highly paid fields.</p> <h2>4. Math</h2> <p>Whether you enjoy math or not, you might want to consider a degree in a math-related field because math majors remain at the cornerstone of being some of the most lucrative careers. A math major can expect mid-career earnings of over $70,000 in roles such as an actuary, or over $140,000 as an operations research analysis manager, according to Salary.com. That's an ROI of over 200% on public college degrees, in some cases.</p> <h2>5. Business</h2> <p>Business majors account for 26% of graduates. For those looking for a bit more flexibility in their careers, business might be just the right fit. For instance, you can specialize in business management, global business, or market research. An entry level salary for business majors is upwards of $50,000 per year and varies by geographic locale.</p> <p><em>What did you major in?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/5-college-degrees-with-the-highest-roi">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/stay-in-school-until-the-job-market-improves">Stay in School until the Job Market Improves?</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/20-freebies-for-college-students">20+ Freebies for College Students</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-college-degrees-not-worth-the-money">5 College Degrees Not Worth the Money</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/10-high-paying-careers-with-low-educational-barriers">10 High-Paying Careers With Low Educational Barriers</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/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> </ul> </div> </div> </div> </div><br/></br> Education & Training career degrees majors return on investment school Tue, 28 Jul 2015 09:00:15 +0000 Qiana Chavaia 1505776 at http://www.wisebread.com Start Off Your Credit History Right with Journey Students Rewards from Capital One http://www.wisebread.com/start-off-your-credit-history-right-with-journey-students-rewards-from-capital-one <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/start-off-your-credit-history-right-with-journey-students-rewards-from-capital-one" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/000052630702.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>College students starting out in the world of credit often face a pretty substantial roadblock: no credit history to establish a credit history. Cards like the <a href="http://www.wisebread.com/capital-one-journey-student-rewards?ref=review">Journey Student Rewards from Capital One</a> offer students the opportunity to get a foot in the door, without paying many of the fees associated with other student credit cards. (See also: <a href="http://www.wisebread.com/the-5-best-credit-cards-for-college-students?ref=review">Best Credit Cards for College Students</a>)</p> <p>If you are a college student with what is considered an <a href="http://www.wisebread.com/what-does-your-credit-score-mean-good-bad-or-excellent?ref=review">&ldquo;average&rdquo; credit score</a> &ndash; generally between 630 and 689, the Journey Card may be a great card to start your credit journey.</p> <h2>Why We Like This Card</h2> <ul> <li>Specifically for students with &ldquo;average&rdquo; credit ratings who may not qualify for other credit cards.</li> <li>Receive up to 1.25% cash back on all purchases</li> </ul> <h2>How This Card Works</h2> <p>Get 1% cash back on all purchases made with the card, plus an additional 25% bonus on the cash back you earn every month that you pay on time, totaling 1.25% in cash back. You can earn an unlimited amount of rewards which do not expire unless the account is closed.</p> <p>You can redeem your cash back as either a statement credit or check at $25. Capital One also provides the option to set up automatic redemption so that you receive your cash back at intervals or thresholds that you determine. For example, you can set up your automatic redemption at $25 or $50 intervals or on certain dates each calendar year. You can also redeem for gift cards which are available for as low as $20.</p> <h2>Other Benefits</h2> <p><strong>Credit Tracker. </strong>You can access your TransUnion credit score free through Credit Tracker. This program also allows you to monitor your credit.</p> <p><strong>Credit line increase.</strong> If you make your first five monthly payment on time, you may be eligible through Credit Steps, to receive a credit line increase.</p> <p><a href="http://www.wisebread.com/capital-one-journey-student-rewards?ref=review"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" width="154" height="50" alt="" /></a></p> <h2>Costs</h2> <ul> <li>$0 Annual Fee</li> <li>19.8% APR (purchases and balance transfers)</li> <li>$0 Balance Transfer Fee</li> <li>$0 Foreign Transaction Fee</li> </ul> <h2>Pros</h2> <p><strong>Average credit is okay.</strong> Students often find approval for credit cards difficult. The Journey Card is designed for students who have &ldquo;average&rdquo; credit ratings and are not able to get approved from other card issuers. This not only allows you to establish your credit, but also carry a credit card for emergency purchases that can earn cash back.</p> <p><strong>No fees.</strong> This card provides an opportunity to earn cash back without worrying whether you earn enough to pay for the card, plus you can transfer a balance from a card with a higher APR without paying the typical fee of 3%.</p> <p><strong>No purchase categories. </strong>Some cards such as the <a href="http://www.wisebread.com/discover-it-chrome-for-students-simple-rewards-for-responsible-spending?ref=review">Discover it Chrome for Students</a> award more cash back but only when you use your card for purchases in certain categories. Purchases made outside of those categories generally earn 1% cash back. The Journey Card allows you to earn a flat rate of 1% on all purchases made with the card, plus you can earn an additional .25% just for making your payment on time each month.</p> <p><strong>No foreign transaction fee. </strong>Some credit cards carry a foreign transaction fee of as much as 3%. This can be a considerable fee if you use your card for traveling abroad or making foreign purchases. One of the best features of Capital One credit cards is that there is no foreign transaction fee at all.</p> <h2>Cons</h2> <p><strong>No introductory APR</strong>. Because student credit cards often carry higher APRs, most offer an introductory APR for purchases and/or balance transfers, but this card does not. Although there is no balance transfer fee, you don&rsquo;t have an opportunity to pay down a balance transferred without paying interest. Plus, the APR on the card you are transferring from would need to be higher than 19.8% in order for you to save money on the transfer.</p> <p><strong>High APR.</strong> The APR of 19.8% is the highest APR charged by most, if not all, other student credit cards. If you pay your balance in full each month you can avoid paying interest on your purchases. However, if you carry a balance from month to month, you should instead opt for student cards with lower APRs such as the <a href="http://www.wisebread.com/discover-it-for-students-rewards-for-smart-spending?ref=review">Discover it for Students</a> or <a href="http://www.wisebread.com/discover-it-chrome-for-students-simple-rewards-for-responsible-spending?ref=review">Discover it Chrome for Students</a>, both with APRs of 12.99%.</p> <p><strong>Low rewards rate.</strong> Although you can earn up to 1.25% cash back by making your payments on time each month, the fact remains that most other student credit cards with rewards programs allow you to earn more if you tolerate purchase categories. For example, if you find that the majority of your purchases are gas and restaurants, you can earn a full 2% cash back on those purchases with the <a href="http://www.wisebread.com/discover-it-chrome-for-students-simple-rewards-for-responsible-spending?ref=review">Discover it Chrome for Students</a>.</p> <h2>Who This Card Is Best For</h2> <p>The Journey Student Rewards from Capital One is best for college students who are just starting out and are diligent in paying balances in full each month, not only in order to earn the full award of 1.25% cash back, but to avoid paying the high interest rate. It is also best for those whose purchases vary from month to month because of the flat rate of rewards you earn from all purchases made with the card. If you frequently travel abroad, the card is also ideal because it is one of the few student credit cards which does not charge a foreign transaction fee.</p> <p><a href="http://www.wisebread.com/capital-one-journey-student-rewards?ref=review"><strong>Click here to apply for the Journey Student Rewards from Capital One today!</strong></a></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christina-majaski">Christina Majaski</a> of <a href="http://www.wisebread.com/start-off-your-credit-history-right-with-journey-students-rewards-from-capital-one">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/when-you-should-get-a-business-credit-card-over-a-consumer-card">When You Should Get A Business Credit Card Over a Consumer Card</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/no-fees-and-unlimited-miles-capital-one-ventureone-rewards-credit-card">No Fees and Unlimited Miles: Capital One VentureOne Rewards Credit Card</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-5-best-credit-cards-for-college-students">The 5 Best Credit Cards 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/capital-one-venture-rewards-card-review">Travel Rewards Doesn&#039;t Get Easier Than This: Capital One Venture Rewards Card</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/get-20-off-uber-with-capital-one">Get 20% Off Uber with Capital One</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Education & Training Capital One Wed, 22 Jul 2015 07:10:31 +0000 Christina Majaski 1499596 at http://www.wisebread.com Don't Leave College Without Making These 5 Moves for Financial Success http://www.wisebread.com/dont-leave-college-without-making-these-5-moves-for-financial-success <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/dont-leave-college-without-making-these-5-moves-for-financial-success" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/new_graduates_000063091987.jpg" alt="New grads leaving college maving moves for financial success" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Graduating from college is both an exciting and stressful time as a young adult. The economy is not what it used to be, so there are a lot more unknowns about the future. On the flip side, there has never been a better time to be <a href="http://www.wisebread.com/making-your-own-luck-is-no-secret">make your own luck</a>, carve out a different career path, or make strides towards financial goals.</p> <p>Here are five of the best financial moves you can make as a <a href="http://www.wisebread.com/this-recent-grad-paid-off-34k-in-sudent-loans-and-launched-a-business-in-just-4-years">college grad</a> to ensure a successful future.</p> <h2>1. Don't Wait to Invest &mdash; Time Is on Your Side</h2> <p>One unique advantage that college grads have (as compared to older individuals) is the fact that time is on your side. The best time to start investing in your future is now because of the power of compounding interest.</p> <p>This example from Get Rich Slowly explains it plainly. Let's say you're 20 years old and make a one-time $5,000 retirement savings deposit into a Roth IRA account that earns an 8% return. If you don't touch these funds until retirement at age 65, you'll have <a href="http://www.getrichslowly.org/blog/2008/04/02/the-extraordinary-power-of-compound-interest/">$180,000 saved up</a>. However, if you wait until age 40 to make that one-time $5,000 contribution, earning the same 8% return and not touching the money until age 65, you'll only have $40,000 in the account.</p> <p>The difference is $130,000 in free money gained from interest simply because you waited 20 years to start saving. A small amount of money, saved or invested over time, can add up to quite a bit the more time it has to grow. That's the magic of compounding interest and why you must start making financial moves now. Don't wait!</p> <h2>2. Determine Your First Priority</h2> <p>Do you have student loan debt? Do you have a car payment? Do you want to travel and have adventures? Do you plan to get married and have a family? In other words, what are your goals?</p> <p>Determine what's most important to you, in order of when you expect these life events to happen. Then prioritize these goals and create a financial plan for how to accomplish them. If you plan on paying down debt, it's time to cut back spending and increase your income as much as possible. Consider taking on freelance work or a part-time job on the weekends.</p> <p>If you want to <a href="http://www.wisebread.com/how-to-travel-full-time-for-17000-a-year-or-less">become a digital nomad</a> and travel the world, you'll have to create a plan to sell your belongings, save up money, and prepare to live in different countries. Make your goals a priority and create a plan to pursue them.</p> <h2>3. Make Saving Money Automatic</h2> <p>Thanks to <a href="http://www.wisebread.com/5-microsaving-tools-to-help-you-start-saving-now">new microsaving tools</a>, there are lots of ways to automate the saving process. Something as small as $10 a week, or $25 a month is better than not saving anything. You can choose a free service to help you create goals and set up automatic transfers each month, or open a new savings account at your local bank and make recurring deposits on your own.</p> <p>However you prefer to save money, the important thing is to make saving money easy and automatic. You don't want to turn it into a weekly task where you have to make a deposit transfer each month. You'll eventually tire of this and give up on the process.</p> <h2>4. Keep Investments Simple</h2> <p>Investing usually comes off as a complicated and confusing topic, which turns many of us off to taking steps down that path. But don't let this barrier stop you. Keep your investing strategy simple and only put your money into retirement vehicles if it makes sense.</p> <p>Don't worry about stock market trading, or staying up on the latest economic news. Simply sign up for your employer's 401K, or open a Roth IRA or CD at your local bank and start putting small chunks of money away every month. Diversification is important, but you don't want it to get overly complicated. Keep it sweet and simple until you get comfortable with investing basics.</p> <h2>5. Find a Mentor</h2> <p>One of the best ways to decrease the process of learning, and save yourself loads of headaches, is to <a href="http://www.wisebread.com/6-small-business-mentors-you-can-access-for-nearly-free">find an expert or mentor</a> to learn from. If you want to learn more about starting a business, work with a business coach or other successful business person who can mentor you.</p> <p>If you want to learn more about investing and building a portfolio, find a smart investor you want to pattern yourself after. A mentor can teach you things based on their life experiences, and pass along ideas and tips that wouldn't otherwise be available to you.</p> <p>Enjoy the time you have as a recent college grad, but don't let too much time go by before taking steps towards these financial moves. Time is on your side &mdash; don't wait!</p> <p><em>Are you a recent college grad? What are your plans for the near future?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-smith">Carrie Smith</a> of <a href="http://www.wisebread.com/dont-leave-college-without-making-these-5-moves-for-financial-success">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/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About 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/100-ways-to-save-money-in-college">100 Ways to Save Money in College</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-creative-uses-for-a-529-plan">5 Creative Uses for a 529 Plan</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-ways-greece-and-chinas-economic-problems-might-impact-you">5 Ways Greece and China&#039;s Economic Problems Might Impact You</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/20-freebies-for-college-students">20+ Freebies for College Students</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training college grads investing success Tue, 23 Jun 2015 09:00:10 +0000 Carrie Smith 1462302 at http://www.wisebread.com 3 Private Lenders That Can Really Save You Money on Your Student Loans http://www.wisebread.com/3-private-lenders-that-can-really-save-you-money-on-your-student-loans <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/3-private-lenders-that-can-really-save-you-money-on-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/new_graduate_000021016547.jpg" alt="New grad refinancing student loans with private lenders" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Unlike mortgages and cars loans, the options for refinancing student debt have always been few and far between. Now, a handful of innovative lending startups are helping borrowers trim away at the $1 trillion in outstanding <a href="http://www.wisebread.com/7-ways-paying-off-student-loans-early-can-boost-your-finances">student loan debt</a> owed by college graduates. It's a big market. Two-thirds of students at four-year private schools and more than half of all students at public ones take out loans, according to federal data.</p> <h2>SoFI</h2> <p><a href="https://www.sofi.com/refinance-student-loan/?source=104">SoFi</a>, a San Francisco company, says it saves borrowers who refinance their loans an average of $9,400 over 10 years by offering low fixed-rate and variable interest loans, as well as career coaching. An anonymous reviewer on CreditKarma rated SoFi five stars, saying the firm helped him <a href="https://www.creditkarma.com/reviews/personal-loan/single/id/sofi-personal-loans?pgsz=25&amp;prdhlder=0#reviewsListFullWrapper">save $900 per month</a> in interest and slashed more than 60% off of his original interest rate. Not too shabby.</p> <p>No, it's not too good to be true. But there is a catch.</p> <p>SoFi's loans are limited to &quot;highly qualified&quot; graduates hailing from an exclusive list of colleges and universities. If your school is on the list, however, SoFi will tap into your alumni network, connecting you to investors from the same alma mater. It's sort of like banking meets LinkedIn. SoFi makes borrowing personal, which comes with a slew of added benefits &mdash; opportunities for career advising, networking, and entrepreneurial support. In fact, SoFi claims its <a href="http://www.bizjournals.com/sanfrancisco/blog/2015/03/sofi-social-finance-student-loans-mortgages-ipo.html">novel alumni lending scheme</a> has helped 60 members find new jobs and more than 20 entrepreneurs start new businesses. &quot;I'll admit it,&quot; said Jennifer Beall, a Northwestern graduate whose SoFi story is trumpeted on the firm's webpage. &quot;I'm obsessed with SoFi. I discovered SoFi and began the process of refinancing my loans, which led to over $5,000 in savings on interest.&quot;</p> <h2>Upstart</h2> <p><a href="https://www.upstart.com/">Upstart</a>, another new, low-cost lender, considers things like your academic performance and work history when calculating your rate. Shedding student debt is a whole new game when your rate is based on Upstart's predictive modeling algorithm, which measures <a href="http://millennialmagazine.com/paul-gu-tackles-the-issue-of-student-loans-with-upstart/">your potential future income</a> &mdash; not just what you're currently earning. Folks with advanced degrees and good jobs &mdash; or at least a solid job offer &mdash; will get the best rates from Upstart. Co-founder Paul Gu describes the algorithm as imperfect, opening the door to many borrowers who might get shut out by traditional lending banks, while unintentionally excluding others. Gu admits that he himself doesn't even qualify for a loan through his own company. The algorithm, he says, is a work in progress.</p> <h2>CommonBond</h2> <p><a href="https://commonbond.co/refinance-loan?utm_source=Partnership&amp;utm_medium=referral&amp;utm_campaign=SLHMAR15&amp;utm_campaignname=Student+Loan+Hero+-+March+2015&amp;newparameter=104">CommonBond</a>, another non-bank lender, has so far handed out more than $200 million in loans to more than 2,000 borrowers with MBA, law, medical, and engineering graduate degrees. Like SoFi and Upstart, not every student with debt will qualify for refinancing. What sets CommonBond apart from other alternative lenders is that it allows student loan debtors to consolidate undergrad and graduate loans into a variety of fixed rate, adjustable rate, and hybrid loans. The company claims its borrowers save, on average, $10,000 over the life of the loan. There are no application fees, no origination fees, no prepayment penalties.</p> <p>Let's recap. With private lenders like SoFi, Upstart, and CommonBond, you can slash your interest debt by refinancing. That is, if you qualify. These firms adhere to nontraditional eligibility requirements, which can be great &mdash; so long as you earned the right degree or attended the right college or landed the right job. These new, lower-cost lenders are mostly going after students they consider sure bets. And who could blame them? About 10% of the 4.7 million students who graduated with federal loan debt in 2011 had defaulted by 2012, the government reports, which means they didn't make any payments for at least nine months.</p> <p>The bottom line: you can save a ton by refinancing your student loans with one of these new-age private lenders &mdash; so long as you fit the profile of what these firms classify as a &quot;safe bet.&quot;</p> <p><em>How are you paying off your student loan(s)? Have you considered consolidating with one of these lenders?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/3-private-lenders-that-can-really-save-you-money-on-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-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/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-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/which-student-loan-repayment-plan-saves-you-the-most">Which Student Loan Repayment Plan Saves You the Most?</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/cancel-student-loans-to-save-and-receive-an-interest-free-120-day-loan">Cancel Student Loans to Save — and Receive an Interest-Free 120-Day Loan</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/share-your-thoughts-consolidating-student-loans">Share Your Thoughts: Consolidating 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/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 private lenders refinancing school student loans Thu, 11 Jun 2015 13:00:13 +0000 Brittany Lyte 1448399 at http://www.wisebread.com 100 Ways to Save Money in College http://www.wisebread.com/100-ways-to-save-money-in-college <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/100-ways-to-save-money-in-college" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_piggy_bank_000019734269.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Many college students know exactly what it's like to live from day to day with no extra money. However, there are lots of ways students can save money. Here are 100 of them! One more simple way to save money is to get a credit card that offers rewards. If you know you can be responsible and pay off your balance every month, we've picked out the <a href="http://www.wisebread.com/the-5-best-credit-cards-for-college-students?ref=seealso">best credit cards for college students</a>.</p> <h2>Food</h2> <p><strong>1. Stock your kitchen.</strong> Even if you have two meals a day from the dollar menu at the local fast food joint, you'll be spending more than you would on food you&nbsp; make at home.</p> <p><strong>2. Purchase off-brand. </strong>The ingredients are usually the same. You're just paying less for the packaging and name.</p> <p><strong>3. Grab extra condiments.</strong> If you pick up packets of sugar, ketchup, mustard, mayonnaise and creamer when you eat out, you won't have to purchase them.</p> <p><strong>4. Try ramen noodles.</strong> They're cheap and generally well-liked. To avoid a sodium overdose, don't use the seasoning packet. Add a little butter, garlic and green onion to the noodles instead.</p> <p><strong>5. Plan cheap meals.</strong> Tuna sandwiches, macaroni and cheese with bacon bits, rice and beans, etc. are tasty and easy on your wallet. Be creative!</p> <p><strong>6. Make your own coffee.</strong> You can literally save hundreds of dollars each semester by skipping the trip to Starbucks.</p> <p><strong>7. Use coupons.</strong> Check your weekly paper and try to do your grocery shopping on days when grocery stores are doing 'double coupon day' or 'triple coupon' day. You could end up getting products for free!</p> <p><strong>8. Create a budget goal. </strong>Know how much you can spend at the grocery store each week. If you need to eat on $25 or $50 for the week, make it happen.</p> <p><strong>9. Carry a calculator.</strong> Add the price of the items as you shop. This is a great way to ensure that you stick to your budget.</p> <p><strong>10. Plan meals with a friend.</strong> For instance, you can create a meal for you and your friend on Mondays, Wednesdays, and Fridays. You friend can do the cooking on Tuesdays, Thursdays, and Saturdays.</p> <p><strong>11. Buy in bulk.</strong> Most grocery stores have bulk sections so you can stock up on the goods you use most.</p> <p><strong>12. Stick to your list.</strong> You can really save a lot of money if you buy only what you need. Avoid endcaps and checkout shelves, as the items are mostly unnecessary and can add up quickly.</p> <p><strong>13. Check the store sales papers.</strong> Determine where you can save money every week and plan accordingly.</p> <p><strong>14. Price match.</strong> Find out if your grocery store has this policy. If it does, take advantage of it and carry other stores' sales papers with you.</p> <h2><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u11/student_library_000018190590.jpg" width="605" height="339" alt="" /></h2> <h2>General Supplies and Shopping</h2> <p><strong>15. Look for cheap hygiene supplies.</strong> Find the ones with 25% or 50% more in the bottles. Many manufacturers do this in order to boost sales, and the products will last longer. Avoid brand names with items like shampoo, deodorant, toothpaste, conditioner, soap, and face wash.</p> <p><strong>16. Go for 'Buy One Get One Free' deals.</strong> They're advertised at the store and in the coupon section of the paper. Only buy things you would have purchased anyway, though.</p> <p><strong>17. Grab free product samples.</strong> You can find them online at places like <a href="http://www.TotallyFreeCrap.com">Totally Free Crap</a>. If you see something you would use, sign up for a sample to save money.</p> <p><strong>18. Buy used clothing.</strong> Shop at Goodwill, thrift shops, and yard sales. There are lots of clothes for sale that are brand name and practically brand new &mdash; all for a fraction of the cost of department stores.</p> <p><strong>19. Sign up for </strong><a href="http://www.Freecycle.org"><strong>Freecycle</strong></a><strong>.</strong> You'll receive an email when someone in your local group wants to give something away for free. You'd be surprised to find what people are willing to get rid of for nothing.</p> <p><strong>20. Post 'wanted' emails.</strong> Individuals can respond to you if they have the item you need. (You can do this on Freecycle, too.)</p> <p><strong>21. Take hotel goodies.</strong> Don't leave all the extra shampoo, conditioner, and soap. You can use this and save money rather than purchasing your own.</p> <p><strong>22. Buy from the farmer's market.</strong> It's a great way to save money on fruits and vegetables, and the produce is likely fresher and better quality.</p> <p><strong>23. Email companies.</strong> Tell them you'd like to try their product but are wary of purchasing it first. Most companies will send a free sample and you can get samples of shampoo, conditioner, cleaning supplies, soap, food, drinks, and anything else you can think of. Simply find their website and the 'contact' link to get an email address.</p> <p><strong>24. Reuse simple things. </strong>Think Ziploc bags, liquid soap dispensers, etc.</p> <p><strong>25. Save containers.</strong> Wash and reuse things like butter and sour cream containers rather than purchasing Tupperware.</p> <h2>Off-Campus Living</h2> <p><strong>26. Get a roommate.</strong> Make sure it's someone trustworthy and dependable. If possible, get two. This will cut the cost of living significantly.</p> <p><strong>27. Rent a room in someone else's house.</strong> This is generally cheaper than renting your own apartment. Just be sure it's someone dependable and honest.</p> <h2>Holidays and Birthdays</h2> <p><strong>28. Make gifts.</strong> If you have supplies from a hobby you enjoy, you can use these rather than having to buy gifts for friends and family.</p> <p><strong>29. Trade with friends.</strong> You make handmade items for their family members and receive handmade items for your family members from your friends. This is a great way to toss up the gifts your family and friends are getting, and can be cheap and fun as well.</p> <p><strong>30. Ask for things you can use.</strong> For instance, gift cards to the local grocery store, stationery supplies, and books are practical things that you will use; if someone else gives them to you, you save money.</p> <p><strong>31. Re-gift.</strong> It may seem tacky to some people, but if you really think another friend or family member would like and use the gift, it's fine. Just make sure you give the gift to someone who isn't likely to come across the person who gave it to you!</p> <p><strong>32. Return duplicate gifts.</strong> Use the money for something practical.</p> <p><strong>33. Return expensive but needed gifts.</strong> Instead, buy a less expensive version of the same thing. Then put the extra money in your savings account.</p> <p><strong>34. Carpool.</strong> Ride with a responsible person going the same way and share gas costs.</p> <p><strong>35. Pack food and drinks to share.</strong> Don't stop for fast food on your road trips home.</p> <h2><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u11/piggy-bank-iStock_000046923706_Small.jpg" width="605" height="340" alt="" /></h2> <h2>Managing Your Money Correctly</h2> <p><strong>36. Put your change into a free account.</strong> Either checking or savings (or both) would work. You'd be surprised how quickly it adds up!</p> <p><strong>37. Pay off your credit card each month.</strong> Even if you can't, try to avoid charges that are not absolutely necessary. Doing this will save you a ton of money in interest fees.</p> <p><strong>38. Don't use the ATM.</strong> Many ATMs charge $1.50 to $2.50 every time you use them if they aren't part of your bank's network. Take out a lump amount at the bank each week and make it last.</p> <p><strong>39. Balance your checkbook correctly.</strong> This will help keep your checks from bouncing. The fees that come with bounced checks can quickly drain your bank account.</p> <p><strong>40. Keep receipts.</strong> It'll help you keep track of your purchases. At the end of the month, total it up and determine where you spent the most money. Cut back on this particular spending habit. Creating a limit of what you can spend and sticking to it is a good idea.</p> <p><strong>41. Manage your money with a journal.</strong> Plan out what you can spend on each category, from entertainment to food to other necessities. Stick to your plan and place any extra money in a savings account.</p> <p><strong>42. Don't use coin counting machines.</strong> You'll get charged a fee at best and ripped off at worst. Roll your own money.</p> <p><strong>43. Tip selectively.</strong> Pizza delivery guys and cashiers at check-out counters already make a salary per hour. Anything you tip is extra. Waitresses are different since their tips actually make up a large part of their paychecks.</p> <p><strong>44. Pay with cash.</strong> It makes it easier to keep track of what you're spending.</p> <p><strong>45. Bank online.</strong> Take advantage of this service to check your account every week. This can help you keep track of what you have in the bank and avoid overdraft charges.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u11/students_study_000039499760.jpg" width="605" height="339" alt="" /></p> <h2>Textbooks and School Supplies</h2> <p><strong>46. Buy used textbooks.</strong> There are many different websites where students can find used textbooks.</p> <p><strong>47. Sell your old textbooks.</strong> Make the money to purchase the new ones.</p> <p><strong>48. Find student discounts.</strong> Some stores offer discounts for students on school supplies like paper, pens, and pencils.</p> <h2>Furnishing Your Dorm or Apartment</h2> <p><strong>49. Try the flea market.</strong> You're sure to find a great assortment of fun and eccentric furniture for less money.</p> <p><strong>50. Haggle.</strong> Most of the time, flea market merchants are willing to drop the price a little.</p> <p><strong>51. Create your own art.</strong> This can be very cheap if you're taking art in college. The supplies are there and you don't have to spend a dime.</p> <p><strong>52. Visit church missions.</strong> See if you can get furniture for free. Many places give out unwanted or unneeded furniture like sofas, tables, beds, nightstands, and more.</p> <p><strong>53. Ask family members.</strong> They may have unwanted items that you can use to furnish your dorm or apartment.</p> <p><strong>54. Shop outlet stores.</strong> Outlet stores and huge discounts stores have furnishings and other accessories at great prices.</p> <p><strong>55. Look for curbside goods.</strong> While dumpster diving is illegal in some places, many people put old furniture out by the side of the road. If it's in good shape and something you need, grab it.</p> <h2>Utilities and Bills</h2> <p><strong>56. Use calling apps.</strong> Many apps allow you to make phone calls via Wi-Fi, either for free or for a low fee.</p> <p><strong>57. Use free Wi-Fi.</strong> Don't pay for an Internet bill if free Wi-Fi is available on campus.</p> <p><strong>58. Skip cable.</strong> Or only pay for basic cable and avoid Pay-Per-View.</p> <p><strong>59. Turn off what you don't use.</strong> This goes for every light and electrical appliance.</p> <p><strong>60. Don't use the dishwasher.</strong> Or at least wait until it's completely full to use it.</p> <p><strong>61. Do laundry with a full load.</strong> Also, time the dryer so that it doesn't over-dry your clothes. This will cost more money in electric bills and will also ruin your clothing faster.</p> <p><strong>62. Take quick showers.</strong> It saves money on water if you pay a water bill, and it also saves on the electricity used to heat the water. Not to mention, it's more eco-friendly.</p> <p><strong>63. Pay bills online.</strong> You'll save a stamp and help the environment.</p> <p><strong>64. Layer up.</strong> Instead of turning the heat up, put on extra clothes to save on your heating bill.</p> <p><strong>65. Use box fans or ceiling fans.</strong> This alternative to turning up the air conditioner saves money on the utility bill.</p> <p><strong>66. Hang dark drapes over the windows.</strong> This will save a lot of money on the utility bill in the summer, since the sun shining in windows accounts for a great deal of the heat you'll feel inside.</p> <p><strong>67. Shut down your computer at night.</strong> This saves a lot more energy than you would realize and can cut down your electricity bills.</p> <h2>Transportation</h2> <p><strong>68. Walk.</strong> Not only is it better for your health and the environment, but you'll also save money.</p> <p><strong>69. Use public transportation.</strong> A few dollars a week for a bus ride is cheaper than filling your car up with gas.</p> <p><strong>70. Ride with a friend.</strong> If you're going to the same place, why not?</p> <p><strong>71. Buy gas early in the morning.</strong> The heat in the afternoon makes the gas expand and you get less for your money.</p> <p><strong>72. Multitask your trip.</strong> If you must make several trips a week, try to make them all at the same time. This way, you can save gas and get all of your errands finished while you're out.</p> <p><strong>73. Take your bike.</strong> It'll help you get around at college. It's also a great way to stay in shape, and it's good for the environment.</p> <p><strong>74. Have a designated driver.</strong> It's cheaper than calling a cab to take you home if you've been out and drinking.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u11/students_000023181407.jpg" width="605" height="342" alt="" /></p> <h2>Entertainment</h2> <p><strong>75. Use RedBox.</strong> You can rent movies for $1 a night rather than having cable or a video store membership.</p> <p><strong>76. Share DVD rentals with friends.</strong> Several people can watch the DVD before it's due back and the cost will be cut into fractions, saving you money.</p> <p><strong>77. Use YouTube and other streaming services.</strong> It's cheap entertainment!</p> <p><strong>78. Do game nights. </strong>Have friends gather at the apartment or dorm room for games rather than going out where you're likely to spend money. Make your own snacks rather than purchasing extra.</p> <p><strong>79. Go to free concerts.</strong> You don't have to pay for a concert or show to have a good time.</p> <p><strong>80. Catch the matinee.</strong> And while you're there, don't order drinks or popcorn at the movie theater, because this is how they really make their money. $4 for a small Coke just isn't practical.</p> <p><strong>81. Read library books.</strong> This is a great way to catch up on the books you've wanted to read, and keep yourself entertained at the same time.</p> <p><strong>82. Avoid cover fees.</strong> If you do go out with friends, check for places that charge cover fees &mdash; and find somewhere else.</p> <p><strong>83. Visit clubs on ladies' night.</strong> Or if you're a guy, look for guys' night. Free drinks = savings. Just make sure you leave when the hours are over.</p> <p><strong>84. Make your own drinks.</strong> Have get-togethers in your apartment or dorm rather than going out (if this is allowed). You can buy cheap vodka or tequila for mixing and save tons of money on the cost of mixed drinks.</p> <h2>Dates</h2> <p><strong>85. Cook for your date.</strong> Instead of eating out, invite your date over for a home-cooked meal. Research cheap but elegant meals that are easy to make, such as spaghetti and garlic bread, stuffed bell peppers, or chicken Parmesan.</p> <p><strong>86. Skip the restaurant dinner.</strong> No one said every date has to include it. Come up with creative date ideas like a picnic that you've packed on the beach or at the park.</p> <p><strong>87. Eat buffet.</strong> Depending on how much (and what) you eat, the buffet restaurant may be a better deal than ordering from the menu.</p> <p><strong>88. Gift creatively.</strong> Pick some wildflowers and tie a ribbon around them. This is absolutely classy and thoughtful &mdash; and very cheap. Or write your date a poem.</p> <p><strong>89. Ask your friends for help.</strong> For example, have a buddy do a favor for you and cook (you supply the ingredients) and serve you and your date. Return the favor later. This will make the atmosphere more fun and you get wait staff without the fancy restaurant cost.</p> <h2>Making a Few Extra Dollars</h2> <p><strong>90. Sell your old stuff.</strong> You may not need or want them, but someone on eBay might. A free PayPal account will allow you to accept payments instantly.</p> <p><strong>91. Sell ad space.</strong> Create a free blog with <a href="http://www.blogger.com">Blogger</a> or <a href="http://www.wordpress.com">WordPress</a> and place Google Adsense ads on your blog to make a bit of extra money.</p> <p><strong>92. Ask for donations.</strong> Put a PayPal donation button on your blog, so individuals can send a few dollars if your blog is interesting or useful to them.</p> <p><strong>93. Sell your crafts.</strong> If you create handmade things, list them for sale on <a href="http://www.Etsy.com">Etsy</a> to make some extra money.</p> <p><strong>94. Sell makeup.</strong> Make extra money selling Avon or MaryKay to your fellow college students.</p> <p><strong>95. Sell your skills.</strong> Offer discounted services like web design or logo design if you're taking graphic arts in college.</p> <p><strong>96. Do odd jobs.</strong> If you have any free time at all, walk dogs, babysit or do errands to earn a few extra dollars.</p> <p><strong>97. Tutor.</strong> If you're particularly good at a subject, you can get paid by teaching it to someone else.</p> <p><strong>98. Sell your jewelry.</strong> If you've got old jewelry or broken jewelry that you no longer want, sell it for extra money.</p> <p><strong>99. Freelance over the Internet.</strong> Your hours are flexible and you can work from anywhere.</p> <p><strong>100. Housesit.</strong> You can do it on the weekends for people taking trips, or offer to housesit over the summer to rack up some cash before the next semester.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/100-ways-to-save-money-in-college">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-5"> <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/dont-leave-college-without-making-these-5-moves-for-financial-success">Don&#039;t Leave College Without Making These 5 Moves for Financial Success</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/5-creative-uses-for-a-529-plan">5 Creative Uses for a 529 Plan</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/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About Money</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/3-reasons-not-to-save-for-your-childs-college-fund">3 Reasons Not to Save for Your Child&#039;s College Fund</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training college Sat, 06 Jun 2015 17:17:47 +0000 Amy Lu 1437358 at http://www.wisebread.com College Guide http://www.wisebread.com/college <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/college" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/college-iStock_000027621000_Small.jpg" alt="college campus" title="college campus" class="imagecache imagecache-250w" width="250" height="184" /></a> </div> </div> </div> <p>Paying for a college education is an expensive but important part of personal finance planning. This guide offers tips for saving for and getting financial aid for college, plus additional advice for students to save while in school and tips for recent graduates. Also check out our <a href="http://www.wisebread.com/college/college-resources">40+ Resources for Parents and Students</a> for even more information. Use the links below to jump to any section.</p> <ul> <li><a href="#saving">Saving for College</a></li> <li><a href="#paying">Paying for College</a></li> <li><a href="#students">Student Savings</a></li> <li><a href="#graduates">Tips for Recent Graduates</a></li> </ul> <p><a name="saving"></a></p> <h2>Saving for College</h2> <p><a href="http://www.wisebread.com/college/cost-of-college"><strong>Calculating the Cost of College</strong></a><br /> One of the hardest parts of saving for your child's college expenses is calculating just what those expenses will total. Here are some ideas to get a better financial picture of the actual cost of college.</p> <p><a href="http://www.wisebread.com/college/saving-for-college"><strong>How to Save Money for College</strong></a><br /> There are several different options for building a college fund that will cover part or all of a student's college expenses.</p> <p><a href="http://www.wisebread.com/college/section-529-plans"><strong>Section 529 Plans</strong></a><br /> A Section 529 plan offers an opportunity to invest money for your child's college tuition tax free. A Section 529 plan also offers the alternative of prepaying your child's tuition at today's prices, rather than the higher costs you can expect when your child is ready to enroll.</p> <p><a href="http://www.wisebread.com/college/coverdell-education-savings-account"><strong>Coverdell Education Savings Accounts</strong></a><br /> The Coverdell Education Savings Account (also known as the Coverdell ESA) is a college savings option that allows you to save money towards your child's college expenses with tax advantages.</p> <p><a href="http://www.wisebread.com/college/utma-ugma-custodial-accounts"><strong>UTMA/UGMA Custodial Accounts</strong></a><br /> Over the years, Uniform Transfers to Minors and Uniform Gifts to Minors custodial accounts (also known as UGMA and UTMA accounts) have become less popular than college savings options.</p> <p><a href="http://www.wisebread.com/college/college-savings-bonds"><strong>Series I and Series EE U.S. Savings Bonds</strong></a><br /> Rather than setting up an account for your child under one of the many college savings plans (like a Section 529 Plans, Coverdell ESAs, or UTMA/UGMA Accounts), you can simply buy Series I and Series EE savings bonds.</p> <p><a name="paying"></a></p> <h2>Paying for College</h2> <p><a href="http://www.wisebread.com/college/college-resources"><strong>40+ College Resources for Parents and Students</strong></a><br /> 40+ resources that help you pay for college and save money while in school.</p> <p><a href="http://www.wisebread.com/college/financial-aid"><strong>College Financial Aid Options</strong></a><br /> There is so much aid out there including grants, federal student loans, private loans, federal tax credits, and even federal work study programs for students seeking federal financial aid for college.</p> <p><a href="http://www.wisebread.com/college/federal-student-loans"><strong>Federal Student Loan Options</strong></a><br /> The U.S. government has created a number of different federal student loan programs in order to address the needs of different groups of students.</p> <p><a href="http://www.wisebread.com/6-ways-to-pay-less-money-for-a-college-degree"><strong>6 Ways to Pay Less Money For a College Degree</strong></a><br /> A four-year college degree can be one of the most expensive purchases in a person's lifetime. Here are six ways you can expect to pay less money for a traditional four-year college degree.</p> <p><a href="http://www.wisebread.com/how-to-win-small-scholarships-for-a-big-payoff"><strong>How to Get a Big Payoff From College Scholarships</strong></a><br /> Depending on your financial circumstances, scholarships can help you save on tuition now, and reduce the interest and principal on student loans later. Here are some tips on managing the business of applying for scholarships</p> <p><a href="http://www.wisebread.com/stopping-the-student-loan-debt-stress"><strong>Stopping the Student-Loan Debt Stress</strong></a><br /> Is your student-loan debt causing stress, influencing you to make financial decisions that are not necessarily in your best long-term interests, and delaying your entry into what your parents may perceive as adulthood? If so, you aren't alone.</p> <p><a href="http://www.wisebread.com/to-fafsa-or-not-to-fafsa-a-former-students-view-of-student-loans"><strong>A Former Student's View of Student Loans</strong></a><br /> To FAFSA or not to FAFSA? Wise Bread blogger Sarah Winfrey discusses, in retrospect, her experience with student loans.</p> <p><a href="http://www.wisebread.com/are-private-schools-worth-the-money-they-demand"><strong>Are Private Schools Worth the Money They Demand?</strong></a><br /> Here are some points that argue yes, private schools are worth the money.</p> <p><a name="students"></a></p> <h2>Student Savings</h2> <p><a href="http://www.wisebread.com/timeless-tips-for-college-students"><strong>Timeless Tips for College Students</strong></a><br /> Want to get good grades in college or help your favorite student thrive? Here are some timeless tips for college students.</p> <p><a href="http://www.wisebread.com/school-bookstores-cant-afford-cheap-textbooks"><strong>School Bookstores Can't Afford Cheap Textbooks</strong></a><br /> Ever wondered why textbooks at campus bookstores are so expensive? Find out here. Plus: other textbook-purchasing options.</p> <p><a href="http://www.wisebread.com/how-to-find-the-cheapest-college-textbooks"><strong>How to Find the Cheapest College Textbooks</strong></a><br /> The campus book store won't give you the bargains you want &mdash; neither will the usual book stores. If you want your textbooks at the lowest possible price, online is the way to go.</p> <p><a href="http://www.wisebread.com/united-world-college-study-abroad-for-way-less-than-you-think"><strong>Study Abroad for Way Less Than You Think At United World College</strong></a><br /> Does your high-school aged child want to study abroad? If so, United World College could be a good fit. And for a school abroad, you may be surprised at the sticker price &mdash; or lack thereof.</p> <p><a href="http://www.wisebread.com/6-savvy-strategies-to-ward-away-college-hunger-and-avoid-overspending"><strong>6 Savvy Strategies to Ward Away College Hunger and Avoid Overspending</strong></a><br /> With these strategies in mind, the hungry college student will never go hungry again!</p> <p><a href="http://www.wisebread.com/college-student-eating-survival-guide-until-spring-break"><strong>College Student Eating Survival Guide (Until Spring Break)</strong></a><br /> Eating seems to be a major expense for college students not on some sort of meal plan. And even students that are on meal plans often find they underestimated. Lucky for you, there are other ways to eat.</p> <p><a href="http://www.wisebread.com/how-to-succeed-as-an-online-student"><strong>How to Succeed as an Online Student</strong></a><br /> If you're considering online studies, don't underestimate the workload, discipline, and communication skills needed to succeed. Here are tips on excelling as an online student.</p> <p><a href="http://www.wisebread.com/sit-in-on-a-class-at-mit-for-free"><strong>Sit in on a Class at MIT for Free!</strong></a><br /> Many colleges offer free access to their online instruction. Assuming that you just want the knowledge and could care less about the official college credit, you might enjoy this resource to get some of the best online instruction for absolutely no money.</p> <p><a href="http://www.wisebread.com/a-frugal-resource-the-community-college"><strong>A Frugal Resource: The Community College</strong></a><br /> The community college offers a depth of resources available not only to enrolled students but also to community members. Here are ideas on getting value from your tuition and tax money.</p> <p><a href="http://www.wisebread.com/dont-go-to-college-to-learn"><strong>Don't Go to College to Learn</strong></a><br /> There are good reasons to go to college. And, if you do go to college, you will no doubt learn a lot. But you can learn anywhere &mdash; and probably learn more, better, and faster if you do so on your own. If you choose to go to college, make sure you know what you're paying for.</p> <p><a href="http://www.wisebread.com/back-to-school-the-case-for-majoring-in-english"><strong>The Case for Majoring in English</strong></a><br /> It's the one with the most job options, the cheapest on books, and the most frugal on investment. Here are more reasons to consider the English major.</p> <p><a name="graduates"></a></p> <h2>Tips for Recent Graduates</h2> <p><a href="http://www.wisebread.com/new-income-based-federal-student-loans-repayment-plan-can-you-benefit"><strong>Income Based Federal Student Loans Repayment Plan &mdash; Can You Benefit?</strong></a><br /> This month a new repayment plan for federal student loans is going into effect that allows borrowers to base their monthly payments on their income after graduation. Here are some details on how the new Income Based Repayment Plan (IBR) affects loan payments for borrowers, and some pros and cons of participating in the plan.</p> <p><a href="http://www.wisebread.com/7-great-jobs-that-offer-college-loan-forgiveness"><strong>7 Great Jobs that Offer College Loan Forgiveness</strong></a><br /> These seven careers are not only growing in opportunity, but they can sometimes offer partial to complete loan forgiveness!</p> <p><a href="http://www.wisebread.com/welcome-to-the-real-world-my-best-advice-for-new-graduates"><strong>Advice for New Graduates</strong></a><br /> Here is some advice for new graduates who are transitioning from the safe structured environment of school to a seemingly infinitely larger world.</p> <p><a href="http://www.wisebread.com/resumes-for-recent-college-graduates"><strong>Resumes for Recent Grads</strong></a><br /> Are you wondering what to include in your resume and what to leave out? Here are ways to translate class projects, volunteer activities, and campus involvement into real-life skills valuable in the workplace.</p> <p><a href="http://www.wisebread.com/translating-volunteer-experiences-and-skills-to-workplace-credentials"><strong>Translating Volunteer Experiences to Workplace Credentials</strong></a><br /> Need ideas for parlaying volunteer hours into skills and experiences valued by employers? Here are a few ways to present your volunteer experience on your résumé, as an integral part or valuable addition to your professional credentials.</p> <p><a href="http://www.wisebread.com/it-pays-to-be-true-to-your-school-5-ways-your-alma-mater-can-save-you-money"><strong>5 Ways Your Alma Mater Can Save You Money</strong></a><br /> Alumni associations are doing everything they can to make things better for graduates of their college during this difficult time. Amazingly enough, some of the savings are pretty substantial.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/college">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-6"> <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-much-college-can-you-and-your-kid-afford">How Much College Can You (and Your Kid) Afford?</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/a-better-way-to-rank-americas-colleges">A Better Way to Rank America&#039;s Colleges</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/college/college-resources">40+ College Resources for Parents and Students</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-leave-college-without-making-these-5-moves-for-financial-success">Don&#039;t Leave College Without Making These 5 Moves for Financial Success</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training college financial aid Thu, 21 May 2015 23:32:26 +0000 Amy Lu 1432745 at http://www.wisebread.com 7 Great Sources of Financial Aid for Switching Careers http://www.wisebread.com/7-great-sources-of-financial-aid-for-switching-careers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-great-sources-of-financial-aid-for-switching-careers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/coworkers_at_computer_000014305206.jpg" alt="Students participating in fellowships and grants for adult career training" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>With ever-growing competition in the job market, it's imperative to improve and develop our professional skill sets. Although higher education and career training can be an expensive investment, there are many sources of financial aid in the form of adult <a href="http://www.wisebread.com/how-to-score-extra-scholarship-money-for-college">career scholarships</a>, fellowships, and grants. Consider these seven.</p> <h2>1. Government Opportunities</h2> <p>Federal, state, and local governments often have money set aside to award grants and scholarships for adult learning. These opportunities are not very well advertised, but they are easily found if you know where to look. The best source of information on these is your State Education Bureau and the <a href="https://studentaid.ed.gov/">Federal Student Financial Aid Center</a>.</p> <h2>2. Scholarships for Women</h2> <p><a href="http://www.scholarshipsforwomen.net/">Scholarships for Women</a> is an excellent site that lists little-known financial aid opportunities for women. Many of them are expressly dedicated to specific demographics, including race, religion, family structure, field of study, sexual orientation, and education level.</p> <h2>3. Scholarships for Working Parents and Those Who Want to Work Abroad</h2> <p>If you are returning to college to finish a degree or start a new one as an adult student, <a href="https://www.scholarships.com/financial-aid/college-scholarships/scholarships-by-type/scholarships-for-adult-students/">Scholarships.com</a> has a number of links for adult learners. Some are specialized for working parents who are returning to the workforce after some time away. If you're adventurous and looking to have a second act abroad, the <a href="http://www.peacecorps.gov/50plus/">Peace Corps</a> has a special initiative to entice experienced professionals 50 years of age and older to join its ranks.</p> <h2>4. Vocational Training</h2> <p>There have been a number of recent news stories about the lack of well-trained tradespeople, since these jobs remain very much in demand. If trade school interests you, there's money available to help you make that career transition. Check out the link for trade school scholarships at <a href="http://www.collegescholarships.org/scholarships/vocational-school.htm">CollegeScholarships.org</a>.</p> <h2>5. Financial Aid for Senior Citizens<strong> </strong></h2> <p>You're never too old to learn, and many senior citizens are returning to school as a professional second act, or to pursue a long-held educational dream. Many schools (especially state schools) offer scholarships and grants specifically for senior citizens. Contact a college near you to learn about specific financial programs for seniors.</p> <h2>6. Career-Specific Opportunities</h2> <p>If you know exactly what field you want to study and need the funding to make it possible, <a href="https://www.scholarshipexperts.com/scholarships/by-major">ScholarshipExperts</a> gives you a way to search by topic of study. And the topics vary widely &mdash; from the liberal arts to science to business to trade school.</p> <h2>7. Culinary School</h2> <p>In recent years, our national palate has gotten more sophisticated thanks to the craft food and beverage movement, as well as the popularity of media properties like the Food Network. More people than ever are pursuing further culinary training, and happily, there are a number of educational funding opportunities available. The <a href="http://www.jamesbeard.org/education/scholarships-and-grants">James Beard Foundation</a> and cooking schools such as <a href="http://www.chefs.edu/tuition-and-financial-aid/scholarship-opportunities">Le Cordon Bleu</a> offer financial aid in the form of scholarships and grants.</p> <p><em>Are you considering returning to school or switching careers? How will you pay for it?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christa-avampato">Christa Avampato</a> of <a href="http://www.wisebread.com/7-great-sources-of-financial-aid-for-switching-careers">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-7"> <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/college">College Guide</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/the-college-freshman-budget">The College Freshman Budget</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/15-free-ways-to-learn-something-new">15 Free Ways to Learn Something New</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/college-without-loans-where-to-find-scholarships">College Without Loans: Where to Find Scholarships</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-much-college-can-you-and-your-kid-afford">How Much College Can You (and Your Kid) Afford?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training fellowships financial aid grants higher education scholarships Fri, 08 May 2015 13:00:08 +0000 Christa Avampato 1410186 at http://www.wisebread.com 4 Low-Cost Alternatives to a 4-Year Degree http://www.wisebread.com/4-low-cost-alternatives-to-a-4-year-degree <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-low-cost-alternatives-to-a-4-year-degree" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/office_coworkers_000053393492.jpg" alt="Group of students utilizing low-cost options to four-year degree" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Education is about self-discovery, personal improvement, and professional development. And there are a whole host of ways to achieve those things outside of the traditional four-year college experience. Read on for our roundup of some of the most viable alternatives to a four-year degree.</p> <h2>1. Start a Business</h2> <p>Bill Gates, Steve Jobs, and Walt Disney are just a sampling of names on the list of America's uber-successful entrepreneurs who never earned a college diploma. Their legacies are proof that higher education is not a prerequisite to building a profitable business, no matter what anyone tells you.</p> <p>Today, the barriers to launching a one-person enterprise are lower than ever. With dedication, drive, and an Internet connection, you can <a href="http://fourhourworkweek.com/2012/05/24/six-figure-businesses-built-for-less-than-100-17-lessons-learned/">start a thriving business</a> for less than $100. After all, the best way to gain experience in business is by launching one of your own. Even if it flops &mdash; 8 out of 10 <a href="http://www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/">new businesses fail</a> within the first 18 months &mdash; the practical experience you gain will help you become more successful in your next endeavor. (See also: <a href="http://www.wisebread.com/starting-your-dream-business-is-easier-than-you-think-heres-how?ref=seealso">Starting Your Dream Business Isn't as Hard as You Think &mdash; Here's How</a>)</p> <h2>2. Learn a Trade</h2> <p>How many college grads have you met who have no idea what career they want to pursue in life? This is rarely the case with trade school students, who graduate with a clear path to gainful employment.</p> <p>Trade and vocational schools offering programs in fields like information technology, culinary science, construction, woodworking, and hairdressing will set you on the fast track for a skilled and potentially high-paying job. They're also usually much more reasonably priced than a four-year college and typically have more lenient acceptance requirements.</p> <p>In fact, vocational schools are so successful in placing graduates in high-earning jobs that they have become the norm in countries like Switzerland, where young adults view the practicality of learning a trade as much more valuable than a more traditional college education. Whether your passion lies in auto mechanics or makeup artistry, you can launch a successful career by enrolling in a trade school that will help you hone your skills in a specific pursuit &mdash; without all those liberal arts requirements.</p> <h2>3. Go Straight to Work</h2> <p>The benefit of moving into the workforce rather than the college dorms is that you'll be honing new job skills, racking up experience, and &mdash; this is the big one &mdash; actually making money. That's pretty huge, considering the average college graduate is responsible for $30,000 in student loan debt. Loan officer, firefighter, web developer, retail or restaurant manager, commercial pilot, and criminal investigator are just a sampling of the bright and lucrative careers that don't require a four-year degree. Among the <a href="http://www.bls.gov/emp/ep_table_107.htm">highest paying gigs</a> that don't require a diploma are purchasing agent ($59,000), insurance claims adjuster ($60,000), and construction site supervisor ($60,000).</p> <h2>4. On the Job Training</h2> <p>Many employers provide educational credits and on-the-job training that can help you develop valuable skillsets without investment in a college degree. Others will offer financial support or rebates for continuing education at local colleges. Take advantage of this opportunity to learn for free or at a reduced cost.</p> <p><em>What other alternatives to a college degree have you enjoyed?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/4-low-cost-alternatives-to-a-4-year-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-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-tips-for-my-career-clueless-college-self">5 Tips for My Career-Clueless College Self</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/is-this-job-worth-it">Is This Job Worth It?</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-important-signs-that-your-job-sucks">10 Important Signs That Your Job Sucks</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-unexpected-costs-of-a-higher-paying-job-offer">4 Unexpected Costs of a Higher-Paying Job Offer</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-great-jobs-that-offer-college-loan-forgiveness">7 Great Jobs that Offer College Loan Forgiveness</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Education & Training business college degrees entrepreneurs job hunting trade schools work Wed, 29 Apr 2015 17:00:25 +0000 Brittany Lyte 1400877 at http://www.wisebread.com 10 High-Paying Careers With Low Educational Barriers http://www.wisebread.com/10-high-paying-careers-with-low-educational-barriers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-high-paying-careers-with-low-educational-barriers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/high_paying_job_000009131941.jpg" alt="Woman seeking high-paying career with low educational barrier" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>According to the College Board, the average cost of tuition and fees for the 2014&ndash;2015 school year was $31,231 at private colleges, $9,139 for state residents at public colleges, and $22,958 for out-of-state residents attending public universities.</p> <p>Ouch.</p> <p>Let's take a realistic look at some careers that not only pay well given a relatively low educational investment, but also have a positive income growth potential. For the purposes of this article, I've used the U.S. Department of Labor's Occupational Outlook Handbook, narrowing my search to jobs that usually pay $50,000 or more a year, and that also have a projected growth rate of 20% or more within the next decade.</p> <h2>Jobs Requiring a Two-Year Associate of Arts Degree</h2> <p>Most Americans can earn an affordable two-year degree at a local community college.</p> <h3>1. Sonographers</h3> <p>In 2012, the median pay for sonographers (or &quot;ultrasound techs&quot;) was $60,350; job outlook for growth was at 39%. While most work in hospitals, others find employment in physicians' offices as well as in private radiology facilities. My friend Clarissa worked in a hospital until she decided to start a family, at which time she decided shift work was not for her, and she went to work at a radiology office. Because it is in the health care industry, job satisfaction is high, and the work environment usually non-competitive and friendly.</p> <h3>2. Dental Hygienists</h3> <p>When my friend Lisa became a dental hygienist, I said, &quot;Yuck &mdash; aren't you grossed out all the time?&quot; She laughed and said no, it was usually just fine. She had the last laugh &mdash; at a salary of $70,210 per year (2012 data) with a 33% growth outlook. Because it is a family-friendly profession, she was also able to eventually choose her hours.</p> <h3>3. Cardiovascular Technicians</h3> <p>Here is another positive-growth position, predicted at 39% growth and paying an average of $52,000 per year. Most positions are located in hospitals; some are in physicians' offices or diagnostic laboratories. If you are good at communicating, are drawn to helping people, and can multi-task and think quickly on your feet, this may be a good position to investigate.</p> <h3>4. Web Developers</h3> <p>With a faster-than-average predicted growth (20%) and median pay of $62,500, the position of web developer is very intriguing. If you enjoy working with computers, learning and writing code, and have a creative side, this may be for you. Read these <a href="http://www.myinkblog.com/5-reasons-why-i-love-being-a-web-designer/">developers' accounts</a> of favorite things about their jobs.</p> <h3>5. Radiologic and MRI Technologists</h3> <p>At a median of $55,910, these positions also predict good growth (21%), plus the option of working in a hospital or private radiology setting. Interesting was this quote from an MRI technologist: &quot;The biggest surprise of my career is the <a href="http://www.citytowninfo.com/career-story/radiologic-tech/MRI-technologist-at-a-hospital">job security</a>. In this difficult economy, I am at no risk of losing my job.&quot;</p> <h3>6. Nuclear Medicine Technologist</h3> <p>While the rate of growth is just slightly slower than other imaging positions listed above, the salary is still impressive ($55,000 to $74,000). Most work in hospitals, or, in metropolitan-area, private radiological facilities. It is exacting work, with much of it spent on your feet.</p> <h3>7. Nursing</h3> <p>Although I found varying statistics about the growth rate for nursing jobs, I felt I shouldn't rule it out, given a 2012 median pay of $65,000 &mdash; with just a two-year degree. There is a lot of versatility in this area &mdash; from hospitals to doctors' offices, clinics, the military, hospices, public health, etc. Another plus for nursing is that it can be a very family-friendly schedule, especially if you work in a clinic or doctors' office, for example, which are closed on weekends.</p> <h2>Jobs Requiring a High School Diploma</h2> <p>Yes, there are still high paying careers that require nothing more than a high school diploma.</p> <h3>8. Elevator Installers and Repairers</h3> <p>Having seen a young woman working on the elevator at the local hospital, I wondered if it was a good job, so I checked. The 2012 median pay? Try $76,650, with projected growth of 25% &mdash; faster than average. One article even calls it a &quot;<a href="http://www.riseandgrind.com/2010/03/10/elevator-technician-recession-proof/">recession-proof job</a>.&quot; To get the gig, you'll need to serve an apprenticeship, be physically fit, and often be on call.</p> <h3>9. Law Enforcement</h3> <p>As of the 2007 census, only about one in eight local <a href="http://www.bjs.gov/index.cfm?ty=tp&amp;tid=71">police officers were women</a>. This career deserves a hard look. The pay ranges from $55,000 to $74,000 with a high school education and some on-the-job training. Government police jobs also have excellent health benefits, including dental and retirement funds. If you earn the rank of detective, pay takes a big jump. I only know one female police officer, and it ain't easy. It's dangerous work, but these women love their jobs.</p> <h3>10. Purchasing Manager</h3> <p>At a 2012 median of $60,550, the pay is good, but 4% growth is slow. Most of the job openings I found seemed to have &quot;specialties,&quot; i.e., automotive, construction, government, etc. Obtaining certification is recommended. If you are someone who enjoys the hunt of the best bang for your buck, you'd probably enjoy this job.</p> <p><em>Do you have a high-paying job without a four-year degree? Tell us about it below!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/marla-walters">Marla Walters</a> of <a href="http://www.wisebread.com/10-high-paying-careers-with-low-educational-barriers">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-9"> <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-college-degrees-with-the-highest-roi">5 College Degrees With the Highest ROI</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/7-great-jobs-that-offer-college-loan-forgiveness">7 Great Jobs that Offer College Loan Forgiveness</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/6-american-cities-with-the-highest-minimum-wage">6 American Cities With the Highest Minimum Wage</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/10-things-you-didn-t-learn-in-college-but-you-should-have">10 Things You Didn’t Learn in College (but You Should Have)</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/do-these-8-things-to-profit-from-the-improving-economy">Do These 8 Things to Profit From the Improving Economy</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Job Hunting careers degrees growth income Thu, 23 Apr 2015 15:00:10 +0000 Marla Walters 1398947 at http://www.wisebread.com 8 Ways to Get Student Loan Debt Forgiveness http://www.wisebread.com/8-ways-to-get-student-loan-debt-forgiveness <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-ways-to-get-student-loan-debt-forgiveness" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/new_grads_000037875416.jpg" alt="New graduates considering ways to get student loan debt forgiveness" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The cost of higher education keeps climbing. Since 2004-2005, <a href="http://trends.collegeboard.org/college-pricing/figures-tables/average-net-price-time-full-time-students-public-four-year-institutions">average college tuition</a> in the U.S. has grown by over 35% to a total of $9,500 in the 2014-2015 school year. While there are many opportunities to receive grants, scholarships, and relatively affordable loans to finance a college education, there are also a number of loan forgiveness programs that can help to erase debt after you've graduated. Here are some of the best loan forgiveness options available.</p> <h2>1. Teachers</h2> <p>Many areas of the country need high quality teachers, particularly schools with students who fall into low income brackets. If you teach at one of these schools or at educational service agencies for five consecutive years, you may be eligible for up to $17,500 worth of complete <a href="https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/teacher">forgiveness on Federal Stafford Loans</a>. PLUS loans are not eligible for forgiveness under this program.</p> <h2>2. Educators</h2> <p>While the forgiveness of Federal Stafford Loans is limited to teachers, the <a href="https://studentaid.ed.gov/repay-loans/forgiveness-cancellation/charts?_ga=1.108876742.595209384.1427678197#perkins-loan-cancellation">forgiveness of Federal Perkins Loans</a> is more expansive, and broadly includes educators. Perkins Loans can be 100% forgiven if you elect to become a school librarian, an employee at a child or family-centered agency, a staff member at a Head Start program, pre-kindergarten, or childcare program, or a school speech pathologist, special education teacher, or full-time teacher. Most of these programs require you to work in a low-income school, remain a teacher for a certain number of years, and some also carry specific education requirements, such as a master's degree.</p> <h2>3. Armed Forces</h2> <p>If you are considering joining the military, there are loan forgiveness opportunities for you. Should you serve in a hostile fire or imminent danger area, you may be eligible for forgiveness of your Federal Perkins Loans. If your active service ended on or before August 14, 2008, you can receive up to 50% loan forgiveness. If your service began after or includes August 14, 2008, you may receive up to 100% loan forgiveness.</p> <h2>4. Firefighters or Law Enforcement Officers</h2> <p>Should you feel called to protect your city by becoming a firefighter, law enforcement officer, or corrections officer, you may be able to receive up to 100% forgiveness of your Federal Perkins Loans.</p> <h2>5. Nurses or Medical Technicians</h2> <p>Nurses and medical technicians across the country are in short supply. In less than 10 years, the nursing field is expected to <a href="http://www.aacn.nche.edu/media-relations/fact-sheets/nursing-shortage">increase job openings</a> by 19%. Full-time nurses and medical technicians can be awarded up to 100% loan forgiveness of their Federal Perkins Loans.</p> <h2>6. AmeriCorps VISTA or Peace Corps Volunteers</h2> <p>Many young college graduates feel a compelling call to serve in a volunteer capacity in the U.S. or overseas. If you fall into that category, there are two programs that would help you to gain up to 70% loan forgiveness of your Federal Perkins Loans: <a href="http://www.nationalservice.gov/programs/americorps/americorps-vista">AmeriCorps VISTA</a> is a volunteer program for students who want to serve in vulnerable areas in the U.S. The <a href="http://www.peacecorps.gov/">Peace Corps</a> is a storied program that pairs American volunteers with sites abroad in developing nations.</p> <h2>7. Early Intervention Services of the Disabled</h2> <p>There are many nonprofit and government organizations that seek to provide critical and early intervention services for the disabled. If you work for one of these organizations, you may be eligible to receive up to 100% forgiveness on your Federal Perkins Loans.</p> <h2>8. Full-Time Faculty at a Tribal College or University</h2> <p>The U.S. Department of Education has designated certain colleges and universities as <a href="http://www.ed.gov/edblogs/whiaiane/tribes-tcus/tribal-colleges-and-universities/">tribal colleges</a>. This means that these colleges and universities are primarily focused on educating U.S. citizens who are American Indians and Alaskan Natives. Full-time faculty members at these schools can receive up to 100% forgiveness of Perkins Loans.</p> <p>Receiving a college education today is now an expensive proposition for just about everyone. Luckily, these loan forgiveness programs provide options to finance your education while also helping you to make a meaningful and lasting impact in a community that needs your skills and talents.</p> <p><em>Have you participated in one of these loan forgiveness programs? If so, please share your experience in the comments section. </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christa-avampato">Christa Avampato</a> of <a href="http://www.wisebread.com/8-ways-to-get-student-loan-debt-forgiveness">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-10"> <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-ways-paying-off-student-loans-early-can-boost-your-finances">7 Ways Paying Off Student Loans Early Can Boost Your Finances</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/which-student-loan-repayment-plan-saves-you-the-most">Which Student Loan Repayment Plan Saves You the Most?</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/share-your-thoughts-consolidating-student-loans">Share Your Thoughts: Consolidating 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/student-loans-how-to-make-post-college-decisions">Student Loans: How to Make Post-College Decisions</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/college/college-resources">40+ College Resources for Parents and Students</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Debt Management Education & Training college education federal perkins loans federal stafford loans loan forgiveness student loans Mon, 20 Apr 2015 09:00:08 +0000 Christa Avampato 1390886 at http://www.wisebread.com Which Student Loan Repayment Plan Saves You the Most? http://www.wisebread.com/which-student-loan-repayment-plan-saves-you-the-most <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/which-student-loan-repayment-plan-saves-you-the-most" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/college_student_000013097599.jpg" alt="Female college student thinking about paying student loans" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>In recent years, the U.S. Department of Education implemented a flexible solution to help borrowers with financial difficulty repay their federal student loan debt, also known as <a href="https://studentaid.ed.gov/repay-loans/understand/plans/income-driven">income-driven repayment plans</a>. These plans calibrate monthly payments based on the individual's income. Most applicants will qualify for at least one of the three types of repayment plans. However, selecting a plan type is entirely up to the borrower, which makes it critical to understand the differences before entering into a binding agreement.</p> <h2>PAYE vs. IBR</h2> <p>The two most popular repayment plans are Pay As You Earn (PAYE) and Income-Based Repayment (IBR), because in most cases, the monthly payment will be lower than the Income-Contingent Repayment (ICR) plan. Under PAYE, borrowers make payments of 10% of their monthly income, and any remaining debt is forgiven after 20 years. Meanwhile, IBR sets payments at 15% of monthly income and forgives remaining debt after 25 years. During years when you're unemployed (or beneath the poverty threshold), your monthly payments are zero.</p> <p>Each plan determines your monthly payment based on your family's size and household income. To qualify, your adjusted payment amount must be less than it would be under the <a href="https://studentaid.ed.gov/repay-loans/understand/plans/standard">standard repayment plan</a> based on a 10-year repayment period.</p> <p>So, given that PAYE seems like the more generous option, why would anyone choose IBR?</p> <p>Simple: The Pay As You Earn plan stipulates that only &quot;new borrowers&quot; qualify. You are considered a new borrower if your loans were disbursed on or after October 1, 2011, or if you had no outstanding loan balances on or after October 1, 2007.</p> <p>The Income-Contingent plan is also open to any borrower with federal loans. There is no income requirement. But, payments will be slightly higher than Pay As You Earn and IBR plans. In some cases (such as years in which you make a high income), your monthly payment could be higher than it would be under the standard repayment plan, because they are calculated based on your annual income.</p> <p>Their key differences are:</p> <ul> <li>Any borrower with eligible federal loans qualifies for the ICR plan.</li> <li>Monthly payments for Pay As You Earn and IBR plans are lower.</li> <li>Borrowers must meet additional requirements to qualify for Pay As You Earn.</li> </ul> <p>Wise Bread's <a href="http://www.wisebread.com/the-definitive-guide-to-pay-as-you-earn-a-great-student-loan-repayment-plan?ref=seealso">The Definitive Guide to Pay As You Earn</a> has detailed information about the PAYE repayment option. <a href="http://www.wisebread.com/what-recent-grads-must-know-to-repay-federal-student-loans?ref=seealso">What Recent Grads Must Know to Repay Federal Student Loans</a> and <a href="http://www.wisebread.com/new-income-based-federal-student-loans-repayment-plan-can-you-benefit?ref=seealso">New Income Based Federal Student Loans Repayment Plan - Can You Benefit?</a> are also useful resources.</p> <h2>Federal Student Loan Forgiveness, Discharge, or Cancellation</h2> <p>We all know that student loan debt is one of the few types of debt that is rarely forgiven. It is excluded from bankruptcy filings and can be garnished from your wages if you default. However, there are several circumstances in which the federal government will grant borrowers <a href="https://studentaid.ed.gov/repay-loans/forgiveness-cancellation">forgiveness, discharge, or cancellation</a> of their federal student loans.</p> <p>Most borrowers who are interested in learning about the <a href="http://www.finaid.org/loans/forgiveness.phtml">loan forgiveness</a> program, whereby all or a portion of federal student loan debt is forgiven if you volunteer time, serve in the military or certain <a href="http://www.finaid.org/loans/publicservice.phtml">public service positions</a>, practice medicine, teach in low-income communities, or responsibly make payments for at least 20 or 25 years under one of the aforementioned income-driven repayment plans (and are still unable to repay the balance of your loans). Such circumstances include:</p> <ul> <li>Public interest loan forgiveness: Under IBR and PAYE, borrowers who make regular monthly payments and work in the non-profit or public sector for 10 years can have the balance of their student loans after that time forgiven.<br /> &nbsp;</li> <li>Everyone else's loan balances are forgiven after 20 years of consecutive monthly payments under PAYE, and 25 under IBR.<br /> &nbsp;</li> <li>Be forewarned that PAYE is facing changes, including the likelihood that only $57,500 of debt can be forgiven, so understand what you're likely to owe at the end of your repayment term. This change only applies to new PAYE borrowers, so act before December of 2015 to get grandfathered into the more generous current version of the plan, if you qualify.</li> </ul> <p>Repaying student loans can be burdensome. Make repayment less onerous by selecting the right plan for you.</p> <p><em>How are you repaying 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/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/which-student-loan-repayment-plan-saves-you-the-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-11"> <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-to-get-student-loan-debt-forgiveness">8 Ways to Get Student Loan Debt Forgiveness</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/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-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/cancel-student-loans-to-save-and-receive-an-interest-free-120-day-loan">Cancel Student Loans to Save — and Receive an Interest-Free 120-Day Loan</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/share-your-thoughts-consolidating-student-loans">Share Your Thoughts: Consolidating 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/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 income-based loan forgiveness loan repayment pay as you earn student loans Thu, 09 Apr 2015 09:00:08 +0000 Qiana Chavaia 1370264 at http://www.wisebread.com 3 Ways Obama's Free Community College Deal Will Help You http://www.wisebread.com/3-ways-obamas-free-community-college-deal-will-help-you <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/3-ways-obamas-free-community-college-deal-will-help-you" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/happy-college-students-thumbs-up-Dollarphotoclub_70193711.jpg" alt="happy college students" title="happy college students" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>President Barack Obama's 2015 State of the Union address proclaimed that community college should be as free and universal in America as high school. If passed by Congress (currently unlikely, given the political polarization in Washington), the plan could make the first two years of community college free, allowing many to obtain free Associate's Degrees, reduce the total cost of a four-year degree, or obtain necessary job skills and training. (See also: <a href="http://www.wisebread.com/8-cheap-ways-to-continue-your-education-without-going-back-to-school?ref=seealso">8 Cheap Ways to Continue Your Education Without Going Back to School</a>)</p> <p>Whether the pursuit of a new degree is in your future or not, here's how a program geared at making it happen could benefit the economy, and by extension, your pocketbook.</p> <h2>1. Economic Growth Would Soar</h2> <p>Putting a college degree in the hands of more Americans would be beneficial for everyone. Here's why.</p> <p>Right now, there are more jobs requiring college degrees than there are college educated people in the job market. It's no wonder that the&nbsp;<a href="http://finance.yahoo.com/news/nearly-all-good-jobs-now-require-a-college-degree-151644528.html">value of a college degree</a>&nbsp;is $300,000 &mdash; close to an all-time high. But a free two-year community college program could help restore the balance.</p> <p>Such a job market would also drive economic competitiveness. After all, competition is the backbone of the U.S. economy, and it's vital to a thriving job market. If the U.S. were able to close the educational achievement gaps between white children and minority children with the President's proposed free community college program, the economy would be&nbsp;<a href="https://www.americanprogress.org/issues/race/report/2014/11/10/100577/the-economic-benefits-of-closing-educational-achievement-gaps/">5.8% larger by 2050</a>&nbsp;(nearly $2.3 trillion) according to a study by the Center for American Progress. The cumulative increase in GDP from 2014 to 2050 would amount to $20.4 trillion, or an average of $551 billion per year.</p> <p>A community college expert, Josh Wyner of The Aspen Institute, told PBS NewsHour, &quot;The fact of the matter is that we're projected within the next decade to need an educated work force&hellip; where 60% of Americans have a college degree. And, today, just over 40% have one.&quot; He added, &quot;In today's society, in order to have a chance to get into the middle class, in order to fuel economic growth for our country, we need more people with a college credential.&quot;</p> <h2>2. The Wealth Gap Would Narrow</h2> <p>In the last decade, the <a href="http://fortune.com/2015/01/20/the-case-for-obamas-state-of-the-union-free-college-proposal-in-6-charts/">college attendance rate</a>&nbsp;has dropped significantly for students from low and middle-class families. Among the reasons is a steady decrease in state funding for tuition, which has made the price tag of a college degree more expensive than at almost any other time in history. The fallout is that a higher degree has become something enjoyed by the haves and, unfortunately, a luxury out of reach for the have-nots. &quot;We have got a gap between rich and poor that's growing in our country,&quot; Wyner said in his PBS NewsHour appearance. &quot;And we still have lots of Americans, low-income Americans, African-American folks in the country, who don't get access to higher education.&quot;</p> <p>But increasing access to community college through the program proposed by the President could help many low-income Americans enter the middle class, equipping them with the ticket they need to be competitive in the workforce. And a stronger middle class would help foster a healthier economy, triggering a ripple effect that could benefit Americans in all socio-economic brackets.</p> <p>One demographic that would particularly benefit from the President's zero-cost education plan is Hispanics. About half of all&nbsp;<a href="http://nces.ed.gov/programs/digest/current_tables.asp">Hispanics who attend college</a> are enrolled in a two-year community college, more than any race or ethnicity, according to U.S. Department of Education data.</p> <h2>3. Social Security and Medicare Will Have Brighter Futures</h2> <p>When the Baby Boomers retire, the federal budget will feel the pressure. More retirees means more people drawing from benefit programs like Medicaid, Medicare, and Social Security. But the President's free community college deal could ease some of this pressure by creating a higher-earning workforce that's better able to financially sustain such programs for the future. As Americans earn more, they'll pay more in taxes and thus provide future budget relief.</p> <p>A study by the Center for American Progress estimates that closing the racial and ethnic educational achievement gaps would boost Social Security tax contributions by $877 billion by 2050. Similarly, Medicare tax revenues for the Hospital Insurance Fund would increase by $265 billion from 2014 to 2050, providing a substantial lift to Medicare solvency. In other words, the study concludes, strengthening the educational achievement of our youth will help provide economic security for future generations.</p> <p><em>Were the President's plan to become law, would you or anyone you know take advantage of it?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/brittany-lyte">Brittany Lyte</a> of <a href="http://www.wisebread.com/3-ways-obamas-free-community-college-deal-will-help-you">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-12"> <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/10-things-you-didn-t-learn-in-college-but-you-should-have">10 Things You Didn’t Learn in College (but You Should Have)</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/5-masters-degrees-that-will-drastically-increase-your-earning-power">5 Master&#039;s Degrees That Will Drastically Increase Your Earning Power</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-times-you-should-choose-private-school-over-public">7 Times You Should Choose Private School Over Public</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-save-on-college-tuition">6 Ways to Save on College Tuition</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/3-ways-to-get-a-legit-business-education-online">3 Ways to Get a Legit Business Education Online</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Personal Development community college education free tuition obama tuition Tue, 03 Feb 2015 10:00:15 +0000 Brittany Lyte 1284841 at http://www.wisebread.com 7 Times You Should Choose Private School Over Public http://www.wisebread.com/7-times-you-should-choose-private-school-over-public <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-times-you-should-choose-private-school-over-public" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000047632946_XXXLarge.jpg" alt="boy private school" title="boy private school" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Private school can be expensive, but it can also be well worth the cost, depending on your family situation. Some circumstances really do make private schooling more financially practical &mdash; and necessary &mdash; than you might think. Here are seven times you might choose private school over public school.</p> <h2>1. When Your Child Has a Special Gift</h2> <p>Some children are truly gifted in a particular area, and often, public schools can't foster that child's talents to their full potential. For example, some kids are unbelievable musicians, others have genius IQs, or excel at certain sports. If this is the case with your child, a private school that specializes in a particular area might be a better fit.</p> <h2>2. When Your Child Has a Special Need</h2> <p>Your child may have a special need that isn't accommodated as well in a public school. This may be anything from a learning disability, to behavioral challenges, being a pregnant teenager, or recovering from substance abuse.</p> <h2>3. When Your Child Is Too Young</h2> <p>States dictate the age at which kids can start public school. Some do offer free public preschool, but others don't start public school until kindergarten. It's generally best to start kids in preschool by the time they are three, and especially if you need full-time child-care for your child, an all day private preschool may be your only option.</p> <h2>4. When You Aren't in a Good School District (and You Don't Want to Move)</h2> <p>A major factor in our family's recent decision to move was the school district. Our elementary school district simply wasn't as good as we wanted. If you aren't in a good school district and either can't afford to or don't want to move, private school may be the best option.</p> <h2>5. When Vouchers Will Pay</h2> <p>School vouchers make private schooling possible for a lot of families that might not be otherwise able to pay for it. This chart provides a state by state <a href="http://www.ncsl.org/research/education/voucher-law-comparison.aspx">comparison of school vouchers</a>. If you're in a situation where vouchers (or a school scholarship) will pay for private school, this is a good reason to choose it over public.</p> <h2>6. When Your Family Has Strong Beliefs</h2> <p>If your family has strong beliefs &mdash; maybe you are particularly religious, or care exceptionally for the environment, or believe a different style of teaching is better &mdash; then you may want your child to be raised around others with similar beliefs. In this case, private school is going to be a better fit.</p> <h2>7. When You Want Your Child to Learn Something Specific</h2> <p>Every family is different, and you may want your child to learn something taught in a private school, even if your beliefs aren't strong or your child isn't the most gifted in that area. As a parent, you have the right to make decisions about what you think is best for your child. So maybe you want your kids to learn more about music, art, or a foreign language than you would get in a public school. If that's the case, consider private schooling &mdash; if it's within your means, of course.</p> <p><em>Did you go to private school or public school? Which do you (or will you) send your child to and why?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/elizabeth-lang">Elizabeth Lang</a> of <a href="http://www.wisebread.com/7-times-you-should-choose-private-school-over-public">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-13"> <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/10-things-you-didn-t-learn-in-college-but-you-should-have">10 Things You Didn’t Learn in College (but You Should Have)</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/5-masters-degrees-that-will-drastically-increase-your-earning-power">5 Master&#039;s Degrees That Will Drastically Increase Your Earning Power</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-ways-obamas-free-community-college-deal-will-help-you">3 Ways Obama&#039;s Free Community College Deal Will Help You</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/3-ways-to-get-a-legit-business-education-online">3 Ways to Get a Legit Business Education Online</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/learning-without-the-high-cost-of-higher-education">Learning Without the High Cost of Higher Education</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Education & Training Personal Development education preschool private school public school Mon, 02 Feb 2015 18:00:11 +0000 Elizabeth Lang 1284259 at http://www.wisebread.com 5 Creative Uses for a 529 Plan http://www.wisebread.com/5-creative-uses-for-a-529-plan <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-creative-uses-for-a-529-plan" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000040983796_XXXLarge.jpg" alt="child education" title="child education" class="imagecache imagecache-250w" width="250" height="126" /></a> </div> </div> </div> <p>The cost of college tuition has risen at an average rate of roughly 8% per year over the last several decades. Case in point: The average cost of private undergraduate tuition at the University of Pennsylvania (an Ivy league institution), including room and board, fees, books, and other expenses was $2,770 in 1960. Adjusted for inflation, that's $22,219.24 in today's dollars. A mere half a century later it costs nearly three times that &mdash; $61,800.</p> <p>Thankfully, 529 Plans, or Qualified Tuition Programs (QTPs), offer families a pathway to save for higher education expenses. In many ways they resemble retirement plans, offering significant tax benefits for savers. There are no federal taxes on your contributions' <em>earnings</em> and often no state taxes if you're a local resident and the plan's beneficiary attends college in-state.</p> <p>But the benefits don't end there. Check out these creative uses for your 529 plan.</p> <h2>1. Pay for Your Own College Expenses</h2> <p>Did junior get a scholarship or decide not to attend college? Then consider using any 529 funds toward our own educational expenses. Most plans allow you to change beneficiaries once per year, enabling you to transfer the funds into your own name. If you'd waited to further your education until later in life, this can be a lower-cost way of paying for that long-awaited degree.</p> <h2>2. Think Outside the College Box</h2> <p>A traditional college is not the only place to get an education, and 529 plan assets can be used to pay for two-year associate degree programs, technical schools, trade schools, vocational schools, and for study abroad &mdash; as long as it's with an accredited institution.</p> <h2>3. Split Beneficiaries</h2> <p>Since you can change beneficiaries on a yearly basis, you could technically fund two (or more) beneficiaries' educations with a single plan. For example, if there's a gap in your children's ages and you prefer to only have one plan, you can do so &mdash; and still contribute to both their educations.</p> <h2>4. Fund Future Generations</h2> <p>The plan's beneficiary can be anyone you choose &mdash; including grandkids or great-grand children. It's a great way to ensure your legacy is put to good use &mdash; and by funding a 529 plan early, the monies can benefit from compounding over a longer period of time.</p> <h2>5. Pay for Non-Qualified Expenses With a Poorly Performing 529</h2> <p>While we usually don't recommend raiding tax-advantaged accounts early (you're usually stealing from your future and subjecting yourself to penalties), in cases of real financial need, withdrawals from a plan may become necessary. If your plan is in the red, you can withdraw from the plan without penalty in order to pay for non-educational expenses, if needed.</p> <h2>How Much to Save</h2> <p>How much you should save depends on whether or not your child intends to remain in-state or attend an out-of-state university. Will your child be attending a two or four year college?</p> <p>Perhaps you want them to attend an in-state program and transfer into a more expensive out-of-state private school. Will he or she require room and board or participate in the school health plan? Will your student work to cover a portion of the costs?</p> <p>These are all questions to ask yourself. But, also take into consideration college price inflation, which is outpacing regular inflation and at a much higher rate. Today's average cost of $45,000 per year to obtain a four year degree may cost as much as $209,743.07 in 20 years, unless something is done about the astronomical rate at which costs are rising.</p> <p>At this rate you would need to save $3,000<span style="color: rgb(84, 84, 84); font-family: arial, sans-serif; font-size: small; font-style: normal; line-height: 18.2000007629395px;">&ndash;</span>$4,000 a year assuming your earnings grow at 10%. The maximum annual contribution for 2014 and 2015 is $14,000. So, get saving!</p> <p><em>Are you funding a 529 plan? How do you intend to use it?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/qiana-chavaia">Qiana Chavaia</a> of <a href="http://www.wisebread.com/5-creative-uses-for-a-529-plan">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-14"> <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/college/college-resources">40+ College Resources for Parents and 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/dont-leave-college-without-making-these-5-moves-for-financial-success">Don&#039;t Leave College Without Making These 5 Moves for Financial Success</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-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-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/100-ways-to-save-money-in-college">100 Ways to Save Money in 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/10-things-you-didn-t-learn-in-college-but-you-should-have">10 Things You Didn’t Learn in College (but You Should Have)</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training 529 plan college college savings education Wed, 07 Jan 2015 14:00:10 +0000 Qiana Chavaia 1275174 at http://www.wisebread.com 10 Places to Get Free Personal Finance Classes http://www.wisebread.com/10-places-to-get-free-personal-finance-classes <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-places-to-get-free-personal-finance-classes" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/business-class-78771820-small.jpg" alt="finance class" title="finance class" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Many people don't realize that well-structured personal finance classes are widely available for free. These classes are often provided by major universities like Yale and Purdue, and are usually available online via a free download; you just need to know where to look.</p> <p>Taking advantage of these resources can improve your ability to save money, budget, extend cash flow, and even get a handle on more advanced personal finance topics like investing and saving for your retirement. So, if you've been trying to get your finances in order but just aren't sure where to find the information you need to do so, this is your one-stop shop for the best available resources. (See also: <a href="http://www.wisebread.com/8-cheap-ways-to-continue-your-education-without-going-back-to-school?ref=seealso">8 Cheap Ways to Continue Your Education Without Going Back to School</a>)</p> <p>Some of these courses address specialty areas (retirement, financial markets, etc.) while others are broader and handle personal finance in a more general sense. Whatever you need, you're likely to find a suitable course here.</p> <h2>1. MoneySKILL</h2> <p>Developed by the AFSA Education Foundation, <a href="http://www.moneyskill.org">MoneySKILL</a> is a free resource geared towards helping young adults learn how to manage their money. You can read over the <a href="http://www.moneyskill.org/about.cfm">different modules</a> as well as see a <a href="http://www.moneyskill.org/demo/index.cfm">demo</a> of the actual program.</p> <h2>2. CNN Money 101</h2> <p>The content is text-based, yet easy to read and follow. The course is given <a href="http://money.cnn.com/magazines/moneymag/money101/">in 23 different lessons</a>, covering everything from making a budget to managing your 401(k). Though you lose the course-feel without an instructor, the content is classroom-level quality and may even save you a little time by allowing you to focus on the bullet points. By the end of the 23 lessons you'll have covered everything from saving for college and controlling debt to estate planning, various insurance issues, and 401(k)s.</p> <h2>3. Principles of Microeconomics (MIT Open Courseware)</h2> <p>The <a href="http://ocw.mit.edu/courses/economics/14-01-principles-of-microeconomics-fall-2007/">course</a> is actually based off of a textbook that you'll need to <a href="http://www.amazon.com/gp/product/0130084611/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=0130084611&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=EPV66FSPHDGMHUEU">buy on Amazon</a> (plenty of used copies for one penny), but the lecture notes, assignments, and course material are all available for download free of charge. The course is taught by a number of different professors and teaching assistants and covers the basics of supply and demand, market demand, pricing points, and monopolies, as well as a range of tax and government related topics.</p> <h2>4. Financial Markets Econ 252 From Yale University</h2> <p>Taught by author and Professor Robert Shiller, <a href="http://oyc.yale.edu/economics/econ-252-08">Econ 252</a> covers the theory of finance, basic economic institutions, markets, and what we can expect them to look like in the future. Learning about the economic underpinnings of your personal finances can give you a more comprehensive understanding about how your money works and how it's impacted by the broader economic picture. Coursework is available for <a href="http://openmedia.yale.edu/cgi-bin/open_yale/media_downloader.cgi?file=/courses/spring08/econ252/download/econ252.zip">download</a>, while video content is available via <a href="http://itunes.apple.com/us/itunes-u/financial-markets-video/id341651306">iTunes U</a> or <a href="http://www.youtube.com/playlist?list=PL8F7E2591EE283A2E&amp;feature=plcp">YouTube</a>.</p> <h2>5. Free Kindle Resources From Bob Lotich</h2> <p><a href="http://www.amazon.com/Bob-Lotich/e/B0091W9YJ6/?_encoding=UTF8&amp;camp=1789&amp;creative=390957&amp;linkCode=ur2&amp;tag=wisbre03-20&amp;linkId=JVO36I3FT22KERG2">Bob Lotich</a> is an award-winning blogger who has been writing about personal finance since 2007. He's published several books, many of which are available for free via Kindle. He focuses on getting out of debt, charitable giving, and budgeting for both personal and family life.</p> <h2>6. Family Finance From Utah State University</h2> <p><a href="http://ocw.usu.edu/Family__Consumer____Human_Development/Family_Finance/">This course</a> focuses on financial planning from a family perspective and shows you how to establish values and goals for your family, then how to customize your financial plan to reach those goals. Practical exercises are included to learn things like buying a major appliance (dishwasher, dryer, etc.), taking home inventory, buying versus leasing, and comparing credit cards.</p> <h2>7. Money Management International</h2> <p><a href="http://www.moneymanagement.org/Financial-Education.aspx">Money Management International</a> (MMI) offers a wealth of different resources for personal finance topics including frugal living, holiday spending, bankruptcy, debt, and budgeting. They also offer a series of webinars that you can take advantage of if you don't mind working around their schedule.</p> <h2>8. Planning a Secure Retirement From Purdue</h2> <p>The earlier you can start <a href="https://ag.purdue.edu/programs/areyouprepared/secureretirement/Pages/default.aspx">planning and saving for your retirement</a>, the better off you'll be when it actually happens. This course sets the simple goal of helping you plan to do that. If retirement is something that you don't understand or that just scares you, this eight-module course is the ideal way to start educating yourself.</p> <h2>9. Personal Finance From Missouri State University (iTunes U)</h2> <p>Missouri State University offers a <a href="https://itunes.apple.com/us/course/personal-finance/id549538984">full-scale personal finance course</a> via iTunes U that's presented in a video format. There are eight classes, ranging in time from 20 to 40 minutes and covering the basics of personal finance. It's a good generalized course that covers the basics of goal-setting, budgeting, credit, insurance, and even the time value of money.</p> <h2>10. Finance and Capital Markets from Khanacademy</h2> <p><a href="https://www.khanacademy.org/economics-finance-domain/core-finance">Khanacademy</a> provides high-level information, which means they're going to cover functionality and broad concepts before they'll get down into the details. However, when it comes to personal finance, that kind of information is tremendously valuable. Khan's site provides it in four different categories; microeconomics, entrepreneurship, finances and capital markets, and macroeconomics. Each module is broken up into their own categories with somewhere between 10 to 20 lessons for each one.</p> <h2>No Reason Not to Learn</h2> <p>We have less reason than any other generation to be misinformed when it comes to our money and our personal finances. Yet it seems we may just be one of the worst when it comes to managing our assets.</p> <p>With so much material available to us, we should be rushing to take advantage of it. Because knowledge (particularly in this area) has a way of improving the quality of life. When it comes to our money, the more we know, the better off we'll be.</p> <p><em>What are some free personal finance courses that you've found to be helpful? Let me know in the comments section below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/10-places-to-get-free-personal-finance-classes">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-15"> <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/6-personal-finance-books-you-should-read">6 Personal Finance Books You Should Read</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/5-creative-uses-for-a-529-plan">5 Creative Uses for a 529 Plan</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/21-things-that-young-adults-absolutely-need-to-know-about-money">21 Things That Young Adults Absolutely Need to Know About Money</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/the-5-most-important-financial-lessons-people-learn-in-their-20s-did-you">The 5 Most Important Financial Lessons People Learn in Their 20s (Did You?)</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-things-people-who-are-good-with-money-never-say">5 Things People Who Are Good With Money Never Say</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training education money lessons personal finance classes personal finance education Tue, 29 Jul 2014 23:00:06 +0000 Mikey Rox 1166922 at http://www.wisebread.com