Confidence is great for many a thing. Like when you’re working up the nerve to ask the cute person at the bar to dance, or when you’re about to give a speech to a room of your peers. But overconfidence is best avoided, especially when mixed with ignorance (I’m looking at you, Achilles, and your weak heel). Overconfidence when it comes to your finances? REALLY not good.
LearnVest, a financial planning service, conducted a survey with questions related to how a person’s confidence about their finances affects their saving/spending behavior. In answers from 100,000 users, they found a huge discrepancy in the level of financial confidence between the different age brackets.
Numbers show on-time graduation is a pipe dream for most college students
They’re called “4-year universities” for a reason, right? Then why are more and more students finding it takes them five, six, sometimes seven years to earn their bachelor’s degree? Worse, many students aren’t even making it to graduation day.
From the start, students are set on a path to earn their degree in at least five years from the advice of their counselors. Since many financial aid and grant programs only cover the cost of 12 credit hours per semester, it seems like good advice – until you realize students need to be taking a minimum of 15 credits per semester in order to graduate inside of four years. Add in a change of major, a loss of credits from a community college transfer, a scarcity of available classes, a choice to gain a minor or double major, and a graduation date in less than six years becomes a pipe dream.