What I'm Reading This Weekend (2/25-2/26)

Feb 23, 2018
Article, Student Loans, Investing

Savings/Interest Rates

  • The Federal Reserve has raised interest rates five times in the past few years but "brick and mortar" banks haven't followed suit when it comes to savings accounts for depositors. The Economist explains the reasons why. 

Podcast of the Week

Higher Ed – Student Loans

  • Looks like colleges and universities are falling into two distinct categories: those that prepare students well for life are thriving with growing enrollment, and those that aren’t are shrinking.
  • The Trump administration is looking into ways to allow more student loans to be erased with bankruptcy without actually changing the governing legislation by relaxing enforcement of  "undue hardship" criteria.
  • A couple of Wharton students built a fintech startup called Paytronage, another version of the Purdue program we spoke of last week where you pay your benefactor a percentage of your income for a fixed number of years.



  • Here is an interesting interactive map giving average debt by state as a percentage of income.  How does your state stack up?


Tech/Tech companies

Financial Education as a Corporate Benefit?:

Chart of the Week:


About the Authors

Beth Tallman

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.