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Posts tagged ‘debt’

Young, Broke, and Optimistic: Are Twentysomethings Too Confident About Their Finances?

Young, broke, and optimistic

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.

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Oregon Considers Offering Free Tuition. You Can Pay Them Back Later.

800px-UofOsign

Back in the summer, the Oregon State Legislature agreed to a plan that would allow students to attend public universities and community colleges for free. In return, the student agrees to pay a small percent of his or her income after graduation.

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Scholarships Replace Parents As the #1 Payment Source for College

The amount of money parents contribute to their kids’ college education is dropping. Or, more accurately, it’s struggling to keep up. As recently as 2010, parents paid for 37% of the total money spent on college education around the country from their own income. Three years later, that amount has dropped 10%, with grants and scholarships now taking over a greater percentage of the heavy lifting.

Student Borrowing 18%, Parent Borrowing 9%, Parent Income & Savings 27%, Grants & Scholarships 30%, Relatives & Friends 5%, Student Income & Savings 11%

How college was paid for in the 2012-2013 academic year. Source: Sallie Mae

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