Here’s the news that caught my eye today while wondering what college student would consider a wine fridge to be a “need”?
(Maybe this one … or at least his parents.)
- The government is close to approving the new student loan interest rate legislation, so its turned its attention elsewhere: private lenders. (OK, the two weren’t dependent on one another, but we can pretend.) In a joint statement, the FDIC, the Federal Reserve Board, and the Office of the Comptroller of the Currency urged private lenders to move toward creating “prudent workout arrangements.” Or, in non-government speak, help borrowers facing financial difficulties. That’s a good thing, I swear.
- I come across a lot of “5 tips for saving on college” articles (hey, we write a lot of those articles). This one from the U.S. Department of Education covers a lot of familiar territory, like how community college can save you money. However, what you may not know is that it could also save you from the application blues. That’s because certain states, like California and Virginia, guarantee admissions to certain 4-year institutions to students who complete 2 years at a community college.
- We learned earlier this week that your credit score matters to your potential mate. Want another financial way to impress a date? Tell them you’ve already opened a savings account—for your unborn children’s college education! (No? Not a good idea? I don’t want to be with anyone who doesn’t value education anyway.) OK, that may not make sense for someone you don’t know, but it is logical for a lot of young parents-to-be, according to U.S. News.
- Have you ever bounced a check or incurred an overdraft fee? Yup, most of us have. However, most of us haven’t lost access to the mainstream American financial system because of a little financial mistake like that. Unfortunately, that’s exactly what’s happening to more than a million people who have been “effectively blacklisted” from getting a bank account.
- Here’s a third-act reveal that only a theater major could love: According to new research from Georgetown University, recent grads with a degree in information systems face an unemployment rate twice as high as arts majors (14.7% vs. 6.4%, to be exact). The study points to the cyclical nature of IT fields, while drama majors typically aren’t affected by the recession. (Yeah, good luck telling that to the cast of Smash.)
- Looking for entrepreneurial inspiration? Consider Dan Shipper. He’s a senior at the University of Pennsylvania. He’s also the founder of a start-up that generates six figures of revenue each year (“well into the six-figures,” he said, probably in that arrogant voice that tech geniuses use). Business Insider talked with him about balancing work and school, as well as the costs of running a business. For instance, lawyer bills are super high. No doubt to prepare for the eventual deposition he’ll face with his start-up’s co-founder, I imagine.
What money-related news caught your eye today? Let us know in the comments.
(Photo: Adventures of KM&G-Morris)