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The College Investor podcast is a daily audio show that's dedicated to bringing you the best of TheCollegeInvestor.com. We discuss a variety of topics, all relating to millennial money - including student loan debt, investing, earning more money, and more! Robert Farrington, the founder of The College Investor and a Millennial Money Expert, shares how to get out of student loan debt so that you can start investing and building wealth for the future. Instead of cutting expenses and living a f ...
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CDs (or certificates of deposit) are low-risk savings vehicles offered by banks, credit unions and many other financial institutions. Individuals can commit a certain amount of money for a specific period of time, and the issuing bank commits to paying a specified rate of interest. CDs generally have terms ranging from a few months to several years…
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Dual enrollment allows you to earn college credit while you’re still in high school. Doing so can help you save money on the total cost of your education while preparing you for a more rigorous course load once you start college. A 529 plan can be used for dual enrollment but there are some things you should be mindful of before you withdraw funds …
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529 plan performance is tough to measure - it's not just the investment returns, but it's also about the tax benefits and fees. Minimizing costs is usually key to maximizing returns, but not always. Sometimes, state income tax breaks can compensate for the cost of 529 plans with higher fees. So, how can you find the best 529 plan for your state and…
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Don't you wish you could lower your student loan payment? It's possible, and legal, do work some "magic" to get your student loan payment lower. If you don't do anything with your student loans, you're automatically signed up to a generic repayment plan that typically has even payments for 10 years. However, that can be tough, especially right afte…
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You know you want to invest. You know you need to invest. But honestly, how do you start investing in your 20s after college? Who do you trust? Do you pay someone to help? How do you know you're not going to be ripped off? Or even worse - how do you know you won't lose all your money? If you want to invest after college, here are our thoughts. For …
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Applying to college may be the most stressful thing you've encountered in your life so far. Depending on the college you're applying to, you may have to submit grade transcripts, test scores, evidence of extracurricular activities, essays, and references. But one thing that colleges will almost never ask you about is your high school attendance. It…
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As you start to consider where you’ll go to college, affordability is typically top of mind. The cost of higher education in the U.S. can be daunting, but understanding financial aid policies – and identifying need-blind colleges – can make the process less overwhelming. If you’re unfamiliar with the term “need-blind,” it refers to an admissions po…
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Curious how to become a billionaire? It's a question that got me thinking... Earlier this year, I was browsing social media and came across an interesting post. Someone asked a pointed question, which seemed particularly relevant as I was in Las Vegas at the time. “What do you need to do to become a billionaire?” With all of my personal finance and…
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The thought of going back to business school appeals to those who want to boost their income and advance in their career. However, business school can cost anywhere from $20,000 to $150,000 per year, so it is critical that the benefits of business school will outweigh the costs. Even the average cost of $60,000 is too expensive to "find yourself". …
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Christmas is over! Now it's time to handle all of the unwanted Christmas gifts that you're stuck with. Hopefully you have a family full of awesome gift-givers, and you want to keep everything you got. But the fact is, most of our families are terrible gift givers, and you probably have a bunch of Christmas gifts you don't want or need. So what shou…
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Financial aid consists of loans, scholarships, and grants that help cover the cost of college. Depending how much you need to pay for books, tuition, and housing, you may have some money leftover in your bursar’s account. What should you do with unused financial aid money? Should you spend it or save it for the future? More importantly, can you ret…
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If there’s one thing you’re certain to encounter in college, it’s group projects. Some students love the collaboration, while others dread the challenge of coordinating and communicating with classmates. And while many might warn you to prepare yourself for uneven workloads, unclear expectations, and endless group chat notifications, it’s not all b…
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Graduate school is an opportunity to advance your education and further your career. While post-pandemic applications are up, actual enrollments are down, so right now is as good a time as ever to send in your application. One huge perk of graduate school is that your career earnings are likely to be higher than if you only had a bachelor's degree.…
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In today's world of data breaches, online banking, and online shopping, it's essential that you take practical steps to keep your financial information secure. Unless you’re an unbanked person, most of your personal and financial information is online. That means it could be accessible to hackers and thieves who can cause headaches (and financial l…
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