QoD: What percentage of students who started college in 2012 graduated within 6 years?
Hat tip to Beth Tallman for suggesting this question. Thanks!
Answer: 58% overall
Questions:
Which school type has the lowest graduation rates? Which school type has the highest graduation rates?
What might explain these large differences in graduation rates?
What has been the trend in graduation rates over the last 3-4 years for the public and private non-profit colleges?
What do you think are the leading reasons that students do not finish college?
What personal traits do you think it...
Reading List for March 16-17
By Beth Tallman
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Mar 15, 2019
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Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading!
Higher Ed
The story of the week has to be this one about the college entrance bribery. (WAPO) (Inside Higher Ed)
While we are on the subject, this next article highlights the class differences in the college experience as poor kids tell rich colleges what they are experiencing. (EdSurge)
And most people are surprised to learn how low the college completion rate is: (NPR)
Student Loan Hero surveyed 1000 people across all generations about their debt. One...
QoD: What is the discount rate on private college tuition projected to be in 2019?
As award letters start flooding student inboxes this month and next, we thought this was an important question for students to know the answer to.
Answer: 39%
Questions:
What criteria do colleges use to determine the amount of the discount that a student might receive?
Rather than list a discount percentage on your award letter, colleges provide financial aid and grants to reduce the cost of tuition. Why do you think they rarely use the word "discount" anywhere in their financial aid...
February is Financial Aid Awareness Month
In recognition of Financial Aid Awareness month, here is a collection of recent articles related to Financial Aid that may be relevant for your students, as well as links to tools and sites that might be helpful as well. Financial Aid Awareness month kicked off at NGPF with Tim’s interview podcast with Justin Draeger, CEO of the National Association of Student Financial Aid Admissions (NASFAA) on February 8. You might also want to have your students check out the Students,...
Reading List for February 23-24
By Beth Tallman
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Feb 22, 2019
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Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
Financial Literacy
“Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!!
Budgeting
The costs of being a woman: Why women end up with less money. (Beth Kobliner)
Investing
An interesting series of charts from Visual Capitalist shows where the breakdown of investments in 2018
Lyft has not become a verb like “Uber” has, but it looks like they will beat Uber with its IPO. (CNBC)
Paying for...
Reading List for February 16-17
By Beth Tallman
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Feb 15, 2019
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Personal Finance, Budgeting, Paying for College, Taxes, Retirement, Current Events
Personal Finance
Valentines Day article: here is great pickup line: “Be my financially compatible Valentine?” (WSJ)
For those fans of “personal finance on a postcard” concept, here are the rules of thumb according to (Money Maven).
More on taxes from Michelle Singletary of the Washington Post, including what NOT to do if you find you owe the IRS money. (New tax laws > lower withholding > lower refunds, if any.)
Budgeting
Some fun celebrity facts to bring home the...
Interactive Monday: Which colleges are best at income mobility?
From NY Times The Upshot comes an interactive tool, Economic Diversity and Student Outcomes at America’s Colleges and Universities.
As college acceptance letters and financial aid awards roll in over the next few months, this interactive provides information on economic diversity as well as income mobility at thousands of universities across the U.S. This interactive comes from the analysis of tax records and college records for millions of people.
Details on the study:
The...
Reading List for February 9-10, 2019
By Beth Tallman
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Feb 08, 2019
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Budgeting, Career, Investing, Economics, Paying for College, Advocacy
Advocacy/Legislation
New bill would require students in Texas to pass financial literacy class. (KXAN)
Paying for College
A NEFE study shows that mandating personal finance education DOES make a difference when it comes to borrowing for college.
Did you know that February is Financial Aid Awareness Month? Look out for more on this subject this month!
Credit
Looks like the CFPB will not pursue any rules to crack down on payday lenders as proposed in 2016. (NPR) (NYT) This is open for...
NGPF Podcast: Tim Talks to NASFAA President and CEO Justin Draeger About College Financial Aid
It was fun checking in with Justin Draeger, who leads the largest association supporting college financial aid officers. Justin last appeared on the podcast about three years which meant we had a lot of catching up to do. Listen to Justin describe what has changed as well as what hasn't in that interval. He discusses innovation in higher ed, the push for more transparency in award letters and the current regulatory environment in the highly regulated financial aid field. Enjoy!
Details:...
Question of the Day: Can you name ONE of the three most frequent ways that consumers, under age 25, establish credit?
By Tim Ranzetta
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Feb 06, 2019
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Question of the Day, Credit Cards, Paying for College, Student Loans, Credit Reports
Answer:
Credit Card (35.6%)
Student Loan (19.9%)
Retail Credit Card (13.7%)
Questions:
Why do you think that credit cards tend to be the entry point for establishing credit for so many consumers?
Almost no one in any age group establish their credit for the first time by taking out a mortgage. Why do you think that is true?
How do you think that you will establish credit?
Here's the ready-to-go slides for this Question of the Day that you can use in your...
NGPF Podcast: Tim Talks To Chegg President and CEO Dan Rosensweig
From PC Magazine to CNET to Yahoo to Guitar Hero to Chegg, Dan Rosensweig has had a fascinating front-row seat in seeing (and sometimes driving) the paradigm shifts in tech as it has evolved from the PC to the Internet to the cloud. In this wide-ranging and fast-paced conversation, Dan shares his thinking behind leaving Guitar Hero to join a then simple textbook rental company (Saying ‘hey I am the CEO of guitar hero’ then going to say ‘i rent textbooks’... you can...
NGPF Podcast: Tim Talks To National Winners of the PAYBACK Challenge (Part 1)
In this NGPF podcast two part series, you will hear from 12 inspiring high schoolers from all over the U.S. who were the national winners of the PAYBACK Challenge essay contest. Each will receive $5,000 towards their educational expenses. Each shared what they learned from paying PAYBACK, how it has impacted their college plans and some described the importance of the personal finance course they have taken. You will discover that this group talents extend beyond putting pen to paper for their...
Reading List for January 12-13
Financial Literacy Legislative Update
A bill has been introduced in the South Carolina Senate to require a one-semester class in personal finance for all high school students. (WMBFNews)
The state Treasurer of Rhode Island has also introduced legislation requiring public high school students to take a personal finance class before graduating. (WPRI)
New Jersey passed legislation mandating financial literacy content be delivered in grades six to eight. (Forbes)
The Massachusetts Education...
Next Gen Personal Finance Announces Honorable Mention Winners in 2nd Annual PAYBACK Challenge
PALO ALTO, California, January 8, 2019 - Next Gen Personal Finance (NGPF), a non-profit that believes that ALL students deserve access to an engaging and high quality personal finance education, is pleased to announce the Honorable Mention winners of their 2nd annual PAYBACK Challenge essay contest.
Over 800 students from all across the United States submitted essays earlier last fall. After playing the award-winning college finance game, PAYBACK, students wrote a 250-word essay answering one of...
Reading List for Jan 5-6
By Beth Tallman
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Jan 04, 2019
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Personal Finance, Checking Accounts, Investing, Stocks, Mortgages, Paying for College, Economics
Happy New Year! Our first reading list of the year includes a couple of pieces that take a look back at 2018, including the wild ride on the stock market, as well as some "newer" news. Enjoy!
Personal Finance
Our friend Barbara O’Neill provides a great overview of what happened in the world of Personal Finance in 2018. (Journal of Financial Planning)
Beth Kobliner examines a Brooking Institute report on Artificial Intelligence and relates it to Financial Literacy....
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