Monthly Archives: September 2015

//September
­

NGPF Podcast: Tim Talks To Mark Kantrowitz, Financial Aid Guru

Thanks to Mark Kantrowitz, Senior Vice President and Publisher at Edvisors.com, for sharing his wisdom with our community of personal finance educators in this NGPF podcast.

Talk about popular…Mark has been quoted over 5,000 times in the past five years.  If you see an article about paying for college, there is a 99% probability that you will be reading Mark’s insightful analysis.  We were lucky enough to have him on our show where he answered such questions as:

  • What is the value of a college education?
  • What advice would you give to educators to encourage parents and their children to have “the conversation” about paying for college?
  • What are your favorite online tools to help students plan on how they will pay for college?
  • What is the appropriate amount of student debt?

Invest time in this podcast and I guarantee you will walk away smarter about financial aid and with ideas for your classroom too:

Show notes: Resources mentioned by Mark during the podcast:


Want to view more NGPF Podcasts? Visit our Podcasts page.

Love the podcast? Want to give Tim feedback? Have a

Question: How Many People Fell Victim to Identity Theft in 2014?

From Bureau of Justice Statistics: 17.6 million people (about 7% of the population).

Here’s a bar chart showing differences between 2012-2014:

As Consumer Affairs noted in their summary of the data there was good news and bad news:

By |September 28th, 2015|Current Events, Identity Theft, Question of the Day, Research|

Question: What Metro Area Has the Highest Average Credit Score?

Answer (from NerdWallet, where you can also find top 200 metro areas listed): Mankato, MN with an average score of 716.

In case you were wondering, here are the top 10 markets (those responsible Midwesterners seem to have a lock on the top spots):

By |September 28th, 2015|Credit Scores, Current Events, Question of the Day, Research|

Question: Which Would You Rather Have Stolen: Debit or Credit Card?

A bit of an extreme question, yes, but nothing focuses the mind like theft. Actually, this personal finance blogger highlighted the differences between having your credit card and debit cards compromised and the strategies she took after having her account hacked…for the fourth time.  Here is her story of her debit card fraud:

By |September 28th, 2015|Article, Credit Cards, Debit Cards, Identity Theft, Question of the Day|

Video Resource: Where Is The Student Loan Crisis Happening?

From Brookings:

If you are looking for an extension activity, have your students dive deeper and read the introduction (first 5 pages) of this research report to understand more details about where the student loan crisis is having the biggest impact.  This should pique their interest:

Activity Idea: Create A Money Minute Video

I can’t take credit for this one…I came across this news release announcing winners in the Money Minute Video Challenge. The premise of the contest was to have financial experts create a one minute video about money with the criteria being: most creative video, most creative tip and most impactful advice.  The prize: $1,000.

Here were a few videos that can get your students’ creative juices flowing:

    • Don’t Touch Your Savings: Building a Rainy Day Fund

  • Stay a Month Ahead of Your Bills

  • Make More Than The Minimum Payment

——————–

Check out the NGPF Lesson on Creating a Public Service Announcement (PSA) if you are looking for a more structured activity.

By |September 28th, 2015|Uncategorized|

Next Gen Personal Finance Has…..Case Studies!

If it’s a Thursday in September, it must be another NGPF Product Release. We are excited to introduce NGPF Case Studies, which provides you with another tool in your tool box to hone your students’ decision making skills.  To jump right in, click the link above.  For additional support, read on…

NGPF Case Studies FAQ

Questions to Get That College Conversation Started…

WSJ had an informative article highlighting key questions that parents and children should answer about paying for college. What a great idea for a take-home assignment that encourages this all-so-critical conversation to happen before the college acceptance letters start to roll in this spring.

Here were the questions they highlighted with answers provided by leading experts, such as Mark Kantrowitz:

  • What does the student want to get out of college?
  • How much are parents willing to contribute?
  • How much longer might parents have to work?
  • Should the student help out by working?
  • How much debt should the student take on?
  • Will the student be able to pay back the debt?
  • What does financial aid look like for all four years?
  • Should students consider a community college?
By |September 22nd, 2015|Article, Parent Conversations, Paying for College, Student Loans|