Economic News that Affects Your Budget:
- Student loan interest rates might be going up: The interest rate on federally subsidized student loans is due to double on July 1 (from 3.4% to 6.8%) unless Congress takes action.
- It’s getting easier to get credit cards even with less-than-perfect credit: The number of credit cards issued to people with subprime credit (credit scores less than 660) increased 41% last year.
- College prepaid cards are popular on campus: Many banks stopped offering credit cards to college students after new regulations issued in 2009. Today, many banks are issuing prepaid cards for college students that can also double as a college student ID.
Quizzle Links of the Week:
- Employers are checking credit reports: More employers are asking prospective employees (or current employees) to go through an employer credit check to help find the most trustworthy, reliable employees. Is your credit ready to pass the test?
- Why Calvin Johnson is a financial planning role model: Calvin Johnson is a wide receiver for the NFL’s Detroit Lions. Known as “Megatron” for his impressive skills on the football field, Calvin Johnson also made headlines for his financial savvy. Find out why.
- Lessons in charitable giving from Elizabeth Gilbert: The bestselling author of “Eat, Pray, Love” learned a valuable lesson in why you should “give till it helps, not till it hurts.”
- Spring Cleaning for your Credit Score: Find out how you can improve your credit and start fresh for the rest of 2012 with six easy steps.
- Money and career management lessons from Bubba Watson: The new champion of the Masters golf tournament is unconventional in many ways, but we can all take inspiration from how he achieved his success on the golf course. Learn more about this fascinating new golf champion.