Money Talks: Off Campus Living

Posted by Joe Crosby on 12/15/15 5:33 PM

Money Talks are quick hitting posts on a topic that will help your students manage their loans and finances. With links, tools, and visuals, you can easily use the information to help your students become financially healthy and strong.  

Previous Money Talks: TaxesCredit Scores | Staying on Budget  | Dropping Out & Student Loan Repayment Options | Forecasting the Future | Making Summer Income Last All Year

While post-secondary education is about growing as a person, acquiring workplace skills, and developing professional opportunities to improve earning potential, it's helpful to have a good place to live while you're doing that. 

And the debate for students across the country continues to be should I live on-campus and take advantage of all those conveniences or do I live off-campus to have more flexibility. 

If you're in charge of helping students make good money decisions, then housing is a great place to start. Here are 4 resources to help you, help them. 

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Topics: Financial literacy

An Unscientific Guide: How Financial Literacy Engages the Brain

Posted by Joe Crosby on 12/8/15 10:26 AM

When done correctly, financial literacy creates behavior change. It builds confidence. It lights a fire. 

And being around a population that can really benefit from it, like college students, puts us all in a unique position.

We frequently hear that offering financial education is only the start because even things that are good for us and available to us often go unused (says my dusty treadmill in the corner).

So that means we have to engage our students and promote financial literacy. We have to try to be creative in our approach and always innovative in getting this life-changing benefit into the hands, hearts, and brains of our students.  . 

To build that engagement, in the past we've offered 6 financial literacy topics that are a good start for your curriculum, a social media starter kit for making financial literacy social, and 7 stages to getting to financial contentment for college students. 

Today, we offer the brain. 

And we explain, in this not-so-scientific graphic, just how financial literacy can reach and impact the brain of your college student.

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Topics: Financial literacy

8 Things We're Thankful For and You Can Be Too

Posted by Joe Crosby on 11/23/15 7:33 AM

We hope you wouldn't take off for the long weekend before allowing us to wish you a wonderful Thanksgiving.

We're thankful for you --- anyone who has read this blog, downloaded a resource, or gone the extra mile to help a student or a borrower. Blog readership is up 227% this year and it's not just because I asked my mom to send the link to her book club. 

You all care for your students and the reputation of your school. Driven by that care, you've taken a moment to connect with us on topics like student loan default prevention, data management, and squeezing in financial literacy even in private moments. 

For that, we say --- 

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5 November Ways to Reduce Student Loan Default for 2016

Posted by Joe Crosby on 11/16/15 7:30 AM

Office productivity is, understandably, lower from Thanksgiving week through New Year's Day. December to-do lists can very frequently be ignored when there are so many other things to do.

Instead of feeling guilty about not getting to your default prevention activities, hammer out one or two of these actions in the next week.

You'll take steps to help student borrowers and you'll free up your December for important issues like which holiday lights look best in your office.

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Topics: Student loan default prevention

[Handout] 10 Ways to Capture the Spirit of the Holidays within Your Budget

Posted by Joe Crosby on 11/5/15 12:00 PM

Consumer confidence is up. Americans plan to spend more this holiday season than any year since 2007 according to a recent Gallup poll. They put the spending frenzy at $812 per person.

The National Retail Federation says the sweet spot is closer to $805. 

Let's be encouraged and celebrate the early projections that show the economy will keep rolling based on nice year-end sales. Yet at the same time, let's work together to make sure your students aren't spending $800 if they don't have it. 

We've published a handout that gives your students some less expensive ways to enjoy the season. It can truly be the most wonderful time of the year even without bags full of new clothes, the latest technology, gaudy gifts for all the BFFs, and a pile of debt to show for it. 

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Topics: Financial literacy