What I'm Reading this Weekend (July 14-15)
By Beth Tallman
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Jul 13, 2018
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Current Events, Economics, Investing, Paying for College, Internships, Retirement
Economics
Inflation ticked up in June to 2.9%, the highest level in 6 years. What does that mean for workers? (see Chart of the Week below)
Rare earth metals, critical in production of Americans’ extra appendage (cellphones), come from China. How will the trade wars with China impact this market?
Higher Ed and News for Recent Grads
The state of student loan debt in words and pictures!
Berklee College of Music finds success by bucking the trend and making its Online program a...
Cartoons: A (Not So) Humorous Look at Student Loans
They say there is a little truth in all humor...
Questions:
What is the consistent theme running through all the comics?
How do you think student debt is affecting borrowers post-college lives?
Do a Google search to research online if there is evidence that student loans impact:
Relationships
Big-ticket purchases (e.g., auto loans)
Living arrangements (independent vs. living at home)
What are strategies you can use to prevent student loans from having such a dramatic impact on your life...
NGPF Podcast: Tim Talks To Melissa Fries About Running An Effective College Access and Success Program
Melissa Fries has dedicated nearly two decades to ensuring students are equipped with the skills they need to thrive in the future. Initially recruited by her professor as a volunteer for the Making Waves Foundation, Melissa’s enthusiasm for the program has helped shape her to become their Executive Director of the College & Alumni Program. Hear how she, along with her team, enable low income youth to and through college and on to meaningful careers.
Details:
0:00–1:04...
Question of the Day: Do consumers struggle more with repaying mortgage debt or student loan debt?
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Jun 03, 2018
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Student Loans, Question of the Day, Paying for College, Mortgages
Answer Student loan debt. Student loans had a 10.7% delinquency rate (over 90 days past due) vs. mortgage debt which had a delinquency rate of 1.2% in 1Q 2018.
Questions:
What is the major difference between how a lender evaluates a consumer taking out a mortgage vs. how the government evaluates a student taking out a federal student loan?
What do you think happens if someone stops making payments on their mortgage? On their student loan?
Why do you think that more than 1 in...
What I'm Reading This Weekend (June 2-3)
Personal Finance
If you have been paying your loans for 10 years and been rejected for public service loan forgiveness, there is now a way to apply for forgiveness (and hopefully get it this time.)
Here is another NYT article with the latest on 529 plans.
Publicly traded companies in the US had to start reporting their pay ratios this year (CEO pay/median pay). Read on if you have the stomach to do so.
Didn’t see this one until it showed up reprinted in our local Sunday paper about...
Question of the Day: What is the top financial goal for teens?
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May 31, 2018
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Question of the Day, Personal Finance, Behavioral Finance, Paying for College, Research, Current Events
Answer: Graduating from college
Behind the Numbers (from Junior Achievement survey):
"Junior Achievement USA and AIG surveyed 1,000 teens to learn their perceptions about personal finance and financial decision-making. The survey found that while 75 percent of teens who responded listed their top financial goal as graduating from college, only half thought gaining financial independence from their parents was an important goal. And 43 percent worry they don't have the skills they...
What I'm Reading this Weekend......May 26-28
By Beth Tallman
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May 25, 2018
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Current Events, Personal Finance, Student Loans, Economics, Savings, Paying for College
A long weekend so the list and a couple of the articles are a bit longer.
Savings and Wealth
I plan to dig into this one more this weekend from an NYT opinion piece by the authors of a study on wealth inequality and families. (There is a link to their paper in the article, if you want to really take a deeper dive.)
Think having a million dollars in the bank makes you rich? Not according to bankers: bankers define rich as $25 million.
The number of 401k millionaires at the end of the first...
Looking for engaging, end-of-year activities for your students? Here are 5 that will improve their financial futures!
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May 22, 2018
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Activities, Credit Scores, Investing, Paying for College, Student Loans
It’s that time of year again! Echoes of Alice Cooper jolt you from your bed. Schoooool’s OUT… a little while longer! You wolf down 3 cups of coffee and schlep to school.
The hallways are abuzz before first period. State testing has wrapped. Sunshine and summertime beckon from just beyond, and students seem to be itching to do anything but learn. You have to summon everything in your power to keep your students engaged this deep into the waning school year.
NGPF is here to...
Just One Resource - CREATE: Monthly College Budget
In this new weekly blog post, Jessica will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] CREATE: Monthly College Budget
The Gist: Think of this as a precursor to Payback but less focused on tuition costs and more focused on the day-to-day budgeting decisions a college freshman will make. Each slide presents a new decision: Will...
Question of the Day: What is the #1 source of information for high school seniors when it comes to paying for college?
Answer: Teachers and counselors
Here's the top 3 sources:
Teachers and counselors: 65%
College websites/brochures: 57%
Speaking with family members, other than parents: 46%
Questions:
What sources have you turned to/will you use in order to learn more about college costs?
Which source has been most helpful to you? Least helpful?
Have you received conflicting advice about college? How do you deal with that situation where you are getting differing advice from these sources? ...
Question of the Day: What percent of high school seniors feel unprepared to manage the cost of college?
Answer: 39%
Questions:
How prepared do you feel for paying and managing the cost of college? Explain your answer.
If you feel prepared, what helped get you to this stage?
What steps can you take to be better prepared for this decision?
What are three most burning questions you have about paying for college? Be specific.
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers...
What I am Reading (May 12 and 13)
By Tim Ranzetta
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May 11, 2018
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Stocks, Student Loans, Credit Cards, Paying for College, Research, Current Events
Filling in for Beth this week with the weekend reads...Enjoy!
Across the pond...the Bank of England launched a program to improve financial literacy. "The econoME programme will give young people greater economic and financial awareness, equipping them with the skills to make more informed decisions about personal financial choices."
How did the Great Recession affect those with student debt? Hint: It delayed a lot of decisions.
90% of Americans believe that personal finance...
NGPF 2018 Summit: FinTech Panel with RaiseMe, FamZoo and Stockpile
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May 11, 2018
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Podcasts, Current Events, Investing, Savings, Paying for College, Behavioral Finance
What follows is the FinTech Panel from the 2018 NGPF Summit in San Francisco, California. As educators, we know how challenging it can be to keep up with all of the innovation occurring in the financial sector. To help make sense of it all, we invited Namrata Ganatra from Stockpile, Bill Dwight from FamZoo and Thea Lee from RaiseMe to this panel moderated by NGPF's own Jessica Endlich. You will learn about their innovative products which help students manage their spending, start investing and...
What's New With........Paying for College?
College decisions must be made by Tuesday, May 1. Here is a last-minute update on issues relating to paying for college.
College cost and value
Making the case for college: a comprehensive look at the data.
How much does college actually cost? How much of your income, savings, and home equity do schools expect you to use? Who gives the best deal among selective schools?
Scholarships
Scholarships are a real numbers game for colleges. Learn how colleges use them to attract the...
NGPF Announces Honorable Mention Winners in Inaugural PAYBACK Challenge
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Apr 25, 2018
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Paying for College, Personal Finance, Interactive
PALO ALTO, California, April 26, 2018 - Next Gen Personal Finance (NGPF), a non-profit committed to ensuring that ALL students leave high school with the skills needed to thrive in an increasingly complex financial world, is pleased to announce the 150 honorable mention winners of their inaugural PAYBACK Challenge.
This essay contest attracted over 500 submissions from students in all fifty states. After playing the award-winning game, PAYBACK, students wrote a 250 word essay with the...
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