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November 5, 2012
By Katie Bryan, America Saves Communications Manager 
 America Saves, an initiative of the Consumer Federation of America, and Sallie Mae today released a tip sheet to provide recent graduates with information and tips on how to pay their student loans.
The information is particularly timely: the six-month transition period that most new college graduates are given before they are required to begin paying down their student loans comes to an end in November and Class of 2012 graduates with student loans will shortly begin to make their first payments.
“This November, many new college graduates will need to factor student loans into their spending and saving plans,” said Nancy Register, director, America Saves. “This may be the first time many students have had to create a budget and savings plan to ensure they can meet both their financial responsibilities and save for their future.”
“By following a few simple guidelines, graduates can take control of their finances and make student loan repayment manageable,” said Martha Holler, senior vice president, Sallie Mae. “Proactively planning and working with your loan servicer now will make for a successful transition to repayment.”
As graduates begin their careers in a challenging economic environment, America Saves and Sallie Mae are pleased to offer the following student loan repayment tips to help graduates successfully pay down their debt:
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November 1, 2012
by Katie Bryan, America Saves Communications Manager
Thursday, November 8, 2012 12 Noon Eastern
Register Now
 College students are expected to make good decisions regarding their finances - yet many have not been trained to save and spend wisely. The consequences of their mistakes are significant. Many students find themselves with credit card debt in addition to their student loan debt upon graduation.
The good news is students are receptive to savings messages and opportunities. Last year, the University of Illinois Saves campaign developed, in partnership with America Saves, an internet-based communication and engagement strategy for college campuses to reach faculty and students.
The pilot program encouraged and motivated students, faculty, and staff to set a personal savings commitment and make a simple plan to achieve it. The pilot demonstrated significant results in participation and sustainability.
Join us for an interactive webinar that shares:
- How the competition was developed and implemented
- Results of the competition
- How others can implement similar competitions in their area
The webinar will feature:
- Kathy Sweedler Consumer Economics Educator University of Illinois Extension and Andrea Pellegrini Visiting Assistant Director, Student Money Management Center University of Illinois Student Financial Services and Cashier Operations
- George Barany, Director of Financial Education, Consumer Federation of America and Director of Young America Saves
- Susan S. Shockey Ph.D., CFCS, CPFFE National Program Leader - Family & Consumer Economics Division of Family and Consumer Sciences
Register Now
Questions?
George Barany
Director of Financial Education, CFA
Director of Young America Saves, America Saves
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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September 27, 2012
By Nadjha Johnson, America Saves Intern
Being a teenager these days may come with more responsibilities than one may have expected and for many teens having a job is a necessity. The negative effects of the economy have trickled down to our candid youth and financial duties are starting to pile up for teens. The money that teenagers keep from a part-time job is slim-to-none after they take care of their "bills"; whether it is lunch money, a cell phone bill, buying gas every week, and/or paying for their own school clothes throughout the year.
Where does SAVING money come into play?
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September 26, 2012
Nicole Field
AFC® Candidate
FINRA Military Spouse Fellow
The best thing I ever did for myself when my daughter was four was give her an allowance. She was at the age when she wanted everything in the store. “Mommy, can I have this? Mommy, will you buy me that?” Shopping with her was one of my least favorite activities. But when she had an allowance, substantial enough that she could realistically save up for the toys she wanted but not so much that she could have whatever caught her eye at any given moment, shopping became a different experience. The questions changed from “will you buy me this” to “how many weeks will I have to save up for this?” We talked about the value of money and even at that young age I could see her weighing her options; which toy would she rather have? Was it worth six weeks of allowance or would she tire of it in less time than it took her to save for it.
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New Study Finds that Young Adults Can’t Bank on an Inheritance
September 12, 2012
By: Sean Naron, Administrative and Advocacy Associate, Consumer Federation of Amercia
Born in the fall of 1989, I am considered a member of the “Millennial Generation.” Millennials are often described as possessing an assortment of distinct character traits, the majority of which are not exactly positive. We have been labeled as narcissistic, a generation of multitaskers obsessed with online profiles (or online anything really), and have been dubbed the “instant gratification generation.”
While the jury is still out to how true all these labels are, a new study has shown that one commonly held idea about millennials is very accurate: too many of us hope to rely on our parents for financial support.
A survey conducted by TD Ameritrade (via USA Today) found that 40 percent of teenagers and young adults between the ages of 13-22 believe their parents will leave them a sizeable inheritance.
The reality?
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