Category: Student Loans

Reading List for Christmas 2021

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Dec 24, 2021
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Economics, Investing, Student Loans
Wishing you all a happy and healthy holiday break. Enjoy a much deserved rest. We will keep this week’s list short and sweet.   Holiday Food For Thought I like this idea: stop giving holiday gifts to adults. That would save time, money, and help the environment, and maybe reduce your stress level around the holidays. (Slate)   Economics We probably don’t need this report from the Commerce Department to tell us about inflation, but the PCE increased 5.7% in November. Read...

Reading List for December 17-19

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Dec 17, 2021
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Economics, Investing, Student Loans, Career
Economics The Federal Reserve Open Market Committee Meeting took place this week. Interest rates were not changed, but the taper in asset purchases was accelerated. (NYT Upshot) (NYT-Jeanna Smialek) (CNBC recap) Wholesale prices up a record 9.6% in November (year over year). (CNBC) Congress raises debt ceiling to avoid default. (CNBC) The Federal Reserve Bank of New York published its survey of Consumer Expectations. Check out the interactive graphics which break down expectations by all sorts...

Reading List for December 10-12

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Dec 10, 2021
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Economics, Cryptocurrencies, Career, Student Loans
Economics The biggest news this week is the bigger than expected increase in the CPI announced this morning. The 6.8% annualized increase last month is the largest since November 1982. (CNBC) A Wealth of Common Sense’s Ben Carlson looks at the relationship between inflation and interest rates in his latest piece. Will Government Bond yields now rise? Weekly initial unemployment claims drop to the lowest level since 1969. (Reuters) Excess savings from the Pandemic are now dwindling for...

Black Friday 2021 Reading List

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Nov 26, 2021
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Investing, Economics, Budgeting, Insurance, Student Loans
If you are not busy shopping, watching football or sleeping off all the Thanksgiving day food, here are a few articles to keep you occupied.   Investing Morningstar discusses whether gamification is good or bad for investors. This is a good discussion of the place for stocks and bonds in today’s world (and your portfolio.) (NYT) Are GE and J&J just the beginning of the end or marking the end of conglomerates. (NPR) Can you invest in index funds and avoid Chinese stocks? (CNN)...

Reading List for November 19-21

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Nov 19, 2021
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Current Events, Investing, Economics, Student Loans
Investing If you are looking for a longer read, this Mother Jones article looks at the crypto craze and the question of whether or not it is rational to jump into this market. The Federal Reserve Bank of San Francisco takes a look at a proposal to issue a 50-year Treasury Bond. (FRBSF.org)   Economics Read the latest on numbers of quits and job openings and wage growth. (Reuters) Existing home sales reached an eight-month high in September. (Reuters) Job growth over the summer was...

NGPF Podcast: Tanya Menendez is simplifying student loan repayment at Snowball Wealth

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Nov 05, 2021
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Podcasts, Student Loans
In the latest installment of the NGPF podcast, you will hear from Tanya Menendez, a fearless entrepreneur. After co-founding Makers Row, a marketplace that matched designers with American manufacturers, Tanya went on sabbatical before settling on her next venture, Snowball Wealth. In this podcast, Tanya shares her motivation behind Snowball Wealth and it's mission to simplify student loan repayment so borrowers can pay less. Enjoy!  Details: 0:00~2:45 Introduction 2:45~5:12 Early...

Reading List for November 5-7

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Nov 05, 2021
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Cryptocurrencies, Economics, Financial Scams, Investing, Student Loans
Economics The October jobs report came out and it was good news. 531,000 jobs added, and 100,000 upward revision to August and September. (NPR)(CNBC)  There are still over 4 million fewer people working than before the pandemic. It is now referring to the economy as the “Workers’ Economy.” What does that mean? (NYT – subscription may be required) How the Fed plans to deal with the highest inflation in 30 years. (NPR)   Crypto After fighting crypto, banks are...

Reading List for October 8-10

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Oct 08, 2021
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Financial Literacy, Current Events, Economics, Investing, Student Loans, Career
Financial Literacy News A bill making financial literacy education mandatory in Ohio now sits on the Governor’s desk awaiting his signature into law. Brian Page discusses this legislation on the Cleveland.com opinion page. Wharton Finance Professor calls for mandatory finance education in this Knowledge @ Wharton opinion piece. Read about the “Bridges to Wealth” program, founded by a Penn professor, and brining financial literacy into West Philadelphia that “levels the...

EdPuzzle: Student Loans 101

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Oct 05, 2021
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EdPuzzle Thursday, Paying for College, Student Loans
This week's  EdPuzzle video titled "Student Loans 101" explains the different choices on the menu when it comes to taking out loans for college.    Interested in more EdPuzzle videos? Visit our Video Library and type in "EdPuzzle" into the search bar at the top to view the rest of our EdPuzzle videos!  EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos regularly here on the blog so...

Question of the Day: What's the average time to complete the Free Application for Federal Student Aid (FAFSA)?

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Sep 27, 2021
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Question of the Day, Student Loans
Answer: Questions: What’s the benefit of completing the FAFSA? Billions of dollars in federal financial aid are lost by not completing the FAFSA. What do you think are the challenges to completing this important form? What is one question that you have about the FAFSA? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Saving for College): Filling out the FAFSA takes a lot less time than most people fear. It takes...

Reading List for September 24-26

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Sep 24, 2021
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Investing, Economics, Taxes, Student Loans, Retirement
Economics The debt ceiling looming over DC. (NYT-subscription may be required) (Look out for an EconExtra on this topic posting tomorrow-9/25) The Federal Open Market Committee met this week, keeping interest rates unchanged but signaling it may slow some of its support. (Yahoo Finance) (If you have an hour and want to watch the Powell press conference, it’s available on YouTube.) Housing market is calming down. (Yahoo Finance) Jobless Claims this week largely unchanged. (CNBC)  ...

Reading List for September 17-19

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Sep 17, 2021
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Current Events, Investing, Economics, Student Loans, Retirement
  Investing This long but worthwhile article from the Atlantic expertly explains just how severe the shutdown and subsequent market responses were in March of 2020. “The function of shares as risk‑bearing capital is to act as a shock absorber in hard times. Far more worrying than equity markets was what was happening in the market for bonds, and above all, U.S. Treasuries—the safe assets that promise a counterbalance to volatile equities.” The article gives perspective...

Reading List for August 20-22

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Aug 20, 2021
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Current Events, Economics, Budgeting, Investing, Student Loans, Retirement
Economics Retail sales dropped more than expected in July. (CNBC) But there are signs that back to school shopping for 2021 has rebounded, and may help August numbers. (NRF.com) Goldman Sachs economists have cut back their third quarter GDP projections due to the resurgence of Covid/Delta variant. (Reuters) 2020 was the year of the entrepreneur. Startups jumped 24% over the previous year according to Census data. (NYT) Here is this week’s data-heavy suggestion. A Data Scientist from the...

Reading List for August 13-15

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Aug 13, 2021
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Current Events, Financial Literacy, Economics, Investing, Cryptocurrencies, Student Loans
FinLit/Financial Health Extrapolating data from a collaborative report with LendingClub, “Reality Check: The Paycheck-to-Paycheck Report,” 43 of the 71 million millenials in the US are living paycheck to paycheck, even those with higher incomes. “Per the August report, “Many millennials are beginning to make larger expenditures for the first time, whether that means purchasing a car, taking out a mortgage or preparing financially to have children. These are all...

What's New With Paying for College (2021)

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Jul 31, 2021
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Paying for College, Student Loans
The Pandemic has taken a huge toll on college students. Thousands, particularly those who are lower-income, minority, first-generation college students, have had to shift to lower-cost programs or delay their education altogether. Community colleges saw enrollment down over 9% last year, compared to about 3% for total college enrollment. It was estimated that twenty-five percent of last year’s high school graduates delayed going to school because of Covid and related financial issues last...