Ryan’s gone away to parts unknown today (well not really, he just went to Brooklyn) so it’s all up to me to dish out a good daily interest! I’ve got more pressure weighing down on me than Jordyn Wieber at the Olympic Games, but hopefully this turns out better for me than it did for her (you’re still amazing Jordyn!). So without much ado, here’s your daily collection of money related news from the depths of the interwebs:
- The US Department of Education is unveiling a new standardized financial aid letter today. If the word “standardized” is bringing back some post-traumatic memories of the College Board’s mind-numbing tests, put your worries aside. The hope behind this new letter is to make college selection easier for students by making the total cost of attending a school explicitly clear.
- This blog post from The Huffington Post explains that most Americans would rather save money for a car or house than a college education for their children.
- However, that’s clearly not representative of every parent out there. CNN Money has got the story of a 43-year-old single Mom doing everything she can to save for her daughter’s education.
- Mintlife.com explains the worst kind of loan to default or go delinquent on. Here’s a hint: it’s all of them.
- Worried about spending all your money from that summer job on your first year of college? Daily Finance has 3 tips to help scared college students and parents finance their education. Anybody out their worried about their first year of college? Let me know in the comments so I can assuage your fears and tell you how awesome your life is going to become.