12 Ways to Keep Student Loans to a Minimum

Education savings

In 2012, the Institute for College Access and Success reported that two-thirds of the 2011 graduating class had student loan debt - and the average amount was $26,600.   As pointed out by FICO experts, student loan debt is a growing problem for two major reasons: consumers are carrying more student loan debt than ever before, and more federally-backed student loans are being offered to consumers with questionably low FICO Scores.   Plus, with the unemployment rate for the under twenty-five crowd hovering at twice the national average, $26,000 in student loans can become a huge burden post-graduation.   It is possible, however, to graduate college with a bright future and very little – or even no – student loan debt. It just takes more work and planning … [Read more...]

Personal Finance for Artists

Personal Finance for Artists

When I was in high school, I dreamed of a career on the stage. I threw myself into intensive dance and singing lessons every night after school, and spent hours in studios rehearsing musicals. I envisioned myself on a Broadway stage, rehearsed my Tony acceptance speech in the mirror, and practiced my signature for the day fans would ask for my autograph.   Senior year, college decisions forced me to think about the logistics of my future, and suddenly my idealized vision of starring on Broadway clashed with real, pressing decisions about money, college, and my career. Understanding the harsh reality of “making it” as an actor, while also feeling the immense weight of a lifelong dream on my shoulders, I was torn. I began considering other possible careers and grappled with the … [Read more...]

College Students: Study These Tips to Build Good Credit

101

Is a friend or someone in your family going off to college soon? Here's some credit advice to pass along to the college-aged loved ones in your life:     One card is enough. Students should establish a responsible credit history before adding additional cards. Browse good choices for student cards.   Be diligent with payments. Be sure to emphasize credit decisions can have a critical financial impact later in life. Understand the effect of late payments.   Keep a low balance. Start early, and encourage the habit of using only a small portion of available credit. Read more about the effect of amounts owed.   Learn about credit. Add Credit 101 to the curriculum. Read this free booklet "Understanding Your FICO Score" for a great intro … [Read more...]

Disclaimer: This content is not provided or commissioned by a credit card issuer. Opinions expressed here are the author's alone, not those of a credit card issuer, and have not been reviewed, approved or otherwise endorsed by a credit card issuer. This site may be compensated by credit card issuers mentioned on the site by such companies.