college

Personal Finance Roundup

Personal Finance Roundup

The Promotion That Got Away: 5 Ways to Bounce Back [Yahoo HotJobs] “Nearly everyone has been passed over for a job they ‘deserved.’ If and when that happens there are five important steps to take.”

With Northwest's Help, Ticket Scammer Ruins College Student's Volunteer Trip

With Northwest's Help, Ticket Scammer Ruins College Student's Volunteer Trip

Bank of America To Stop Making Private Student Loans

Bank of America To Stop Making Private Student Loans

Bank of America, the nation’s largest bank and one of our largest student lenders, today announced that it would stop making private student loans and instead “do more lending under a federally guaranteed program,” says the Wall Street Journal.

Sallie Mae Stops Student Loan Consolidation, Will No Longer Pay Origination Fees On Stafford Loans

Sallie Mae Stops Student Loan Consolidation, Will No Longer Pay Origination Fees On Stafford Loans

Consolidation loans are no longer profitable for Sallie Mae, so it’s saying goodbye to them. SmartMoney points out that ultimately this shouldn’t matter for students taking out new loans, since the original point of consolidation—converting lots of variable rate loans into a nice predictable fixed rate loan—is no longer relevant (all federal student loans are now disbursed with fixed interest rates.) SmartMoney says if you still have variable rate loans you need/want to consolidate, check out the government’s consolidation offering—”You’re likely to pay the same consolidation rates you’d pay if you did so with Sallie Mae,” they write.

NYT Editorial Board: Hey Congress, Textbooks Are Too Expensive!

NYT Editorial Board: Hey Congress, Textbooks Are Too Expensive!

The New York Times editorial board called on Congress to make college textbooks more affordable. The measure they endorsed wouldn’t do anything Soviet like directly cap prices, but it would require textbook makers to tell professors exactly how much books would cost impoverished students.

Students And Parents, It's Time To Fill Out Your FAFSA

Students And Parents, It's Time To Fill Out Your FAFSA

Tax time is also FAFSA (Free Application for Federal Student Aid) time for students and their parents. While the federal due date is June 30th, in some states, the FAFSA is due even before your taxes, so make sure to remember this important piece of paperwork.

Student Loan Credit Crunch Coming?

Student Loan Credit Crunch Coming?

If you’re thinking of attending an expensive college, but don’t have access to huge sacks of cash, you may have a problem says USAToday:

Trinkets Entice College Students To Sign Up For Crappy Credit Cards

Trinkets Entice College Students To Sign Up For Crappy Credit Cards

What does it take to get hungry, naive, and cash-strapped college students to sign up for crappy credit cards at on-campus booths? Not much. Based on a survey of over 1500 college students, here is the list of the most common and their percentage as documented by the Public Interest Research Group in a new campaign available on their microsite, truthaboutcredit.org. Nothing like a tshirt with a 23% APR.

Bad Voodoo: Transforming Student IDs Into Debit Cards

Bad Voodoo: Transforming Student IDs Into Debit Cards

Cash-strapped colleges are partnering with banks to transform student IDs into debit cards. The deals are a windfall for the institutions, but force students to open accounts laden with hefty penalty fees and surcharges.

Adobe Won't Fix DRM Screw-Up Rendering E-Books Unreadable

Adobe Won't Fix DRM Screw-Up Rendering E-Books Unreadable

If you use Leopard on a Mac and plan on buying e-books, be very careful—according to the various complaints on this thread, Adobe’s Digital Editions still doesn’t work on Leopard, and yet most places selling Digital Editions e-books won’t warn you of this, leaving you with activated books you can’t return but also can’t read.

Sallie Mae Will Make Fewer Student Loans In 2008

Sallie Mae Will Make Fewer Student Loans In 2008

Student loan lender Sallie Mae said today it plans on making fewer loans in the future “in the wake of federal legislation last year to reduce subsidies for student lenders,” reports Reuters.

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A private student loan company agreed to change its ways after being sued by the NY AG for deceptive marketing practices. The company licensed school colors, logos, team names, and and designed its materials to look like the University itself was making the loans. [NYT]

Credit Cards Ensnare Naive College Freshmen

Eager young college students are ripe targets for the hordes of credit card marketers that blanket campuses every year. But they’re adults, right? They can make rational personal financial decisions themselves and in the absence of any education about how the credit system works, right? Survey results tell a different story:

Is The RIAA Afraid Of Harvard?

Is The RIAA Afraid Of Harvard?

Of all the Ivy League schools, Harvard is the only one to have escaped the deluge of RIAA pre-litigation letters. What gives?

How To Go To College For Free

How To Go To College For Free

Want a college education but don’t want to go into debt over it? If your interests happen to coincide with the specific curricula at certain “tuition-free” schools, you might actually be able to get away with it. “There are only a handful of such schools in the U.S., which is one reason they are often overlooked by students, parents, and high school guidance counselors during the college search,” says a senior policy analyst at the College Board.

New Bill Would Cut Financial Aid To Schools Who Don't Police P2P, Sign Up With Napster

New Bill Would Cut Financial Aid To Schools Who Don't Police P2P, Sign Up With Napster

Ars Technica is reporting that there is a provision in a massive new education bill that would punish schools that don’t police p2p traffic on their networks by cutting federal financial aid. In addition, the bill requires that schools offer an industry approved alternative to file sharing, such as Napster or Rhapsody.

Man To Run NYC Marathon Carrying Textbooks To Protest High Cost Of College Texts

Man To Run NYC Marathon Carrying Textbooks To Protest High Cost Of College Texts

We know how much our readers hate expensive textbooks, so meet Andre Ditto, the 47 year-old vegan personal trainer who is going to run the NYC marathon carrying 30lbs of textbooks both to protest the high cost of college textbooks and as a promotion for ebook retailer CaféScribe.

With Free Rickshaw Rides. Chase Lures College Students To 23% APR Credit Card

With Free Rickshaw Rides. Chase Lures College Students To 23% APR Credit Card

Chase is giving college students free rides in special marketing rickshaws. Reader Ben reports seeing some, which look like the one pictured, on the campus of his North Carolina State University. Apparently the whole ride around the driver tries to sell you on the “Plus 1” credit card with its super-dope 23% APR. There’s also pitches for Bee Movie. The card gives you “karma points” which you can cash in for crap, share with friends or donate to “causes.” College kids go love to feel socially aware and responsible, and if it can be accomplished without leaving the dorm, all the better. Chase is also marketing the card on Facebook, the social networking site for people who go to college. The Plus 1 card earned a lemon award from creditcards.org.