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Written by Super User · 18 September 2013

How to Avoid a House-Worth of Student Loan Debt

Debt Student Loans Education Young Savers
Written by Guest Blogger · 15 July 2013

By Shannon Doyle
Certified Credit Counselor at LSS Financial Counseling.

Several times a week I get calls from college students (and their parents), asking how they can avoid taking on too much student loan debt. They’re concerned, and no doubt they should be. With student loan debt levels surpassing credit cards for the first time in history this is a concern for anyone taking on student loans, be they young or old, student or parent.

Set a limit for how you much you are willing or able to afford

We all know that the cost of college is sky-rocketing, even at public institutions. There has been much discussion lately as to whether the value of a college education is worth the cost in debt.  An important thing to remember is that in the past two decades almost 100% of all job growth has occurred in fields that require at least some post-secondary education. That makes it fairly safe to say that some college will be necessary to achieve a middle-class lifestyle. But, how to keep an education affordable?

One of the biggest pieces of advice I give to my clients who are students (and their parents) is to set a limit on how much debt they are willing to take on for college. Remember that you will not really know the out-of-pocket cost for tuition until you have received your award letter from the college. Go ahead, apply for your dream school AND one or two other less expensive schools as well. This way you can compare and contrast award letters and determine which is the most affordable for your family budget.

America Saves Text Messages

Texting
Written by Super User · 29 March 2013

Interested in receiving helpful tips and reminders about your savings goal? America Saves launched a new free text message service, as part of Financial Literacy Month, to keep you motivated to save. Text messages will come in the form of tips to help you find money to save and reminders to save for your specific goal.

How to sign up for text messages:

  1. Pledge to Save below.
  2. Click the box to receive text messages.

 

Last Minute Financial Aid Tips

Written by Super User · 03 July 2013

The following post comes from the Military Saves Blog.  Follow them on Twitter and Facebook.

July 11, 2013
by Jason
Founder, Frugal Dad

We publish a lot of information, and a lot of it has to do with financial aid. At this time of year when students and their parents may be in a panic trying to get their financial aid applications in before it’s too late, it can be hard to distill all the information you’re getting bombarded with from this and other sites. Inspired by an article Victor Luckerson recently published on “Time” magazine’s business site — “10 Tips for Getting the Most Out of College Financial Aid” — I decided that our readers could use a breakdown of some of the more useful financial aid tips, too.

Exclusive Chance to Win $500 with SaveUp For Those Who Pledge to Save

Written by Super User · 07 March 2013

March 8, 2013
By Katie Bryan, America Saves Communications Manager

TODAY, March 8, IS THE LAST DAY to boost your savings with an exclusive $500 savings prize, just for America Saves members! SaveUp is sponsoring this exclusive prize in honor of America Saves Week!

Reward yourself: It’s FREE!

Every time you make a deposit in your own savings account or make an on-time payment on your own loan – you get chances to win real prizes. Plus, because you are part of America Saves, you will automatically earn 100 bonus credits when you sign up.

How to enter to win the exclusive $500 prize and earn 100 bonus credits:

  1. Pledge or Repledge to Save
  2. Once you pledge your confirmation page (and confirmation email) will include the link to Save Up.
  3. Register for a SaveUp account (or login if you already have an account) and look for the America Saves Savings Prize ticket.
  4. Make sure to go to the “Accounts” tab and connect your financial accounts where you save money or pay down debt to get even more credits.
  5. Start playing for great rewards!

It’s that easy. Plus, you can earn even more credits by inviting friends and family to join in the fun.

About America Saves and SaveUp

AmericaSaves is committed to finding innovative ways to help you succeed financially. We have teamed up with SaveUp, a financial rewards program that rewards Americans for saving money and paying down their debts, to provide you a fun and engaging experience while you save for the future.

AmericaSaves is putting the fun back in savings with SaveUp. Give it a try today.

Happy Saving!

Tip of the Day

  • Written by Administrator2 | January 9, 2014

    Fourth saving strategy: Save automatically through a monthly transfer from checking to savings http://ow.ly/sj3vP

Saver Stories View all »

Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

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Jump-Starting a Financial Makeover

Written by Katie Bryan | October 28, 2013

Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.

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Taking Back Control Over Finances

Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

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