Jan 08, 2021
Economics, Cryptocurrencies, Investing, Insurance, Student Loans
Biggest economic news this week hit today: The December jobs report shows a 140,000 decline, the first decline since April, and the news for long-term unemployed and labor force participation aren’t great. (NYTimes)
This followed yesterday’s news on initial jobless claims, still stubbornly high. (Yahoo Finance)
The US Trade deficit hit a 14-year high in November. (Reuters)
January 1 brought increases in the minimum wage across the country. (NYTimes)
Dec 04, 2020
Investing, Economics, Cryptocurrencies, Student Loans
Michael Batnick provides a well thought out answer to the question “is Robinhood (any zero commission/fraction share platform) good for investors?” (The Irrelevant Investor)
Why economists support more stimulus, and what will happen come January 1 if there is no further stimulus. (NYTimes – subscription)
The number of Americans using credit cards to pay rent has risen 70% over last year. NPR
Mortgage rates hit yet another record low: the 30-year rate...
Nov 27, 2020
Economics, Investing, Behavioral Finance, Student Loans, Cryptocurrencies, Taxes
Hope you all had an enjoyable and safe Thanksgiving yesterday!
Here is one out of the UK to read BEFORE you do any Black Friday shopping, using behavioral economics to explain marketing tactics. (MouthyMoney)
While we are on Black Friday—what will it look like? (Probably like Cyber Monday.) (USA Today)
And Nathan Burrow of the NYT shares advice on how to avoid overspending on Black Friday. (NYT-subscription)
Surprise!? Consumer Confidence fell unexpectedly in...
Nov 13, 2020
Investing, Economics, Student Loans, Budgeting
Retirement account balances on the rise, as are 401k “Millionaires.” (Yahoo Finance)
The pandemic seemed to be driving the market this week: soaring when promising vaccine results were announces, then fell back as case numbers continue to spike. (Yahoo Finance)
It is going to be a big year for consumer tech IPOs. (CNBC) Instacart is one of many companies planning an IPO in coming months. (Fox Business)
Unemployment claims moving in the right direction,...
Nov 10, 2020
Interactive, Student Loans, Credit Cards, Economics
The U.S. Debt Clock illustrates our soaring debt by the second. As sobering as it is, it can serve as a springboard into multiple personal finance topics.
Student loan debt
By the time readers are engaging with this article, our national student loan debt may have surpassed $1.7 trillion. Use this to ignite a discussion and select one of these three interactives to extend their learning.
Credit card debt
American consumer credit card debt is approaching $1 trillion, and I have to wonder,...
Oct 13, 2020
Question of the Day, Student Loans, Paying for College
Click for interactive map
Does the number “$28,950” seem like high average amount of debt? Why or why not?
Given that the average new car loan is over $30,000, would you think of student debt differently from a car loan in terms of what you are receiving for the debt?
Explain how and why you are concerned about student debt. What can you do to minimize your debt when you graduate?
Click here for the ready-to-go slides for this Question...
Oct 04, 2020
Question of the Day, Paying for College, Student Loans
Starting October 1st, the 2021-22 FAFSA form became available. This QoD can get that conversation started.
Answers wil vary.
You can find this answer by clicking on this link here and searching for your school. Use the "Applications Complete" figure for August 31, 2020.
Why is the FAFSA important when it comes to paying for college?
What percent of seniors in your high school completed the FAFSA? Hint: Take the number of completed FAFSAs and divide by number of 2020...
Sep 30, 2020
EdPuzzle Thursday, Paying for College, Student Loans
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.
This week we have two EdPuzzle videos both focusing on paying for college.
The first EdPuzzle video titled "How To Save On Tuition" discusses ways to pay for college costs through free money, your money, and borrowed...
Sep 28, 2020
Teaching Remotely, Student Loans
When used responsibly, student loans can be the key to unlocking a college education and a brighter future. To make sure you are making financially smart decisions, you have to do your research and understand the types and conditions of the different student loan options available to you. In the activity COMPARE: Understanding the Types of Student Loans, students learn the key differences between federal and private student loan options.
This activity has been updated recently (September...
Sep 18, 2020
Advocacy, Financial Literacy, Economics, Investing, Student Loans
Carly Urban’s latest research paper is now available. Download the paper or the brief.
“This paper and brief, authored by Jeremy Burke, J. Michael Collins, and Carly Urban, estimates the causal effect of required high school ﬁnancial education on the ﬁnancial well-being of young adults.”
New home construction slows in August, particularly multi-family construction. (MarketWatch)
August retail sales...
Sep 04, 2020
Podcasts, Paying for College, Student Loans
We welcomed the NY Times columnist Ron Lieber to the NGPF Speaker Series on August 28, 2020 to share details about his forthcoming book (expected Jan. 2021), The Price You Pay for College. In this conversation, Ron describes the reasons students go to college and what factors determine the price that students and their families pay for it. You will learn about valuable online tools and resources to help you answer that all important question too. Finally, he shares his perspective on the impact...
Jul 16, 2020
Paying for College, Student Loans
There is a lot to talk about on this topic between the pandemic and Department of Education updates, but it is organized into several categories to make it easier for you to scan and choose what you wish to study further. (You might want to grab a beverage before digging into this one!)
Managing student debt during the pandemic--CARES Act
The CARES Act provides temporary student loan relief through September 30, 2020. Only Federal loans are covered by this, not private or...
Jun 26, 2020
Current Events, Economics, Investing, Student Loans, Career
Current Events-Stimulus Checks
QOD: What are most people spending their stimulus checks on? Answer: Household expenses. According to a Census Bureau Household Pulse survey, 85.5% answered this way. Of those earning between $75,000and $99,000 who got a prorated check, checks were more likely be used to pay down debt or saved.
If you have a family member in a nursing home, you might want to be sure the nursing home didn’t try to pocket your loved one’s check. (WAPO-1).
May 22, 2020
Podcasts, Paying for College, Student Loans
Meredith "Mer" Curry has a commitment to serving first-gen college students that comes from a very natural place. She was once in their shoes and benefited greatly from the support of others as she pursued her educational dreams. Mer shares her story and her passion to serve others as well as some timely tips and online tools to help families navigate the college financing process during these uncertain times. Enjoy!
1:13~2:38 Working as a social justice...
May 18, 2020
Student Loans, Question of the Day, Paying for College
How does this interest rate for undergraduates (at 4 year colleges) compare to historical averages?
How does the interest rates on graduate loans (GradPLUS) and parent loans (PLUS) compare to undergraduate loans?
Reading the footnotes on the graph, what determines the interest rate on federal student loans and how often is this rate adjusted?
Click here for the ready-to-go slides for this Question of the Day that you can use with your students.