Friday’s need-to-know money news

Today’s top story: Wells Fargo reveals wider abuses. Are you owed money? Also in the news: How to handle credit card bills in an emergency, how much cash do you carry, and a student is accidentally given $1M in financial aid, spends thousands.

Wells Fargo Reveals Wider Abuses: Are You Owed Money?
The scandal widens.

How to Handle Credit Card Bills During an Emergency
What you need to know.

How Much Cash Do You Carry? See How You Compare
A wallet full of cash? Or cards only?

Student accidentally given $1M in financial aid, spends thousands
What could possibly go wrong?

Q&A: What to consider before giving money for law or medical school

Dear Liz: Our daughter is in medical school using scholarships and student loans. We are now in a position to help her out, but worry that financial help might work against her sources of aid. Would it be better to pay some on her outstanding loans, give her money, pay some of her living expenses or put the money into a savings account to give her when she graduates to use towards paying down her debt? The amount we could give her would not be enough to pay for everything each semester, just something to ease her burden. We don’t want to jeopardize her ability to receive aid.

Answer: While nearly all graduate students qualify as independent — which means that parent financial information isn’t required to get aid — some medical and law schools do consider parental assets and income in their calculations.

Your daughter should call her school’s financial aid office anonymously to ask about its policy regarding parental aid, said Lynn O’Shaughnessy, a college financing expert at TheCollegeSolution.com. If your help would hurt, you can use the savings account route but you needn’t wait until she graduates to give her the money. Once she files financial aid forms for her last year, she should be able to accept your largesse without consequence.

Friday’s need-to-know money news

Today’s top story: Cutting through credit score confusion after the Experian fine. Also in the news: Eat out without biting into your budget, the female faces of student loan debt, and why it’s harder than ever to apply for financial aid.

Cutting Through Credit Score Confusion After Experian Fine
Making sense of it.

Eat Out Without Biting Into Your Budget
It’s all about strategy.

Female Faces of Student Loan Debt
A Women’s History Month feature.

It’s Harder Than Ever to Apply for Student Aid
Finding ways to make the process easier.

Monday’s need-to-know money news

refinancingToday’s top story: How to find and finance bank-owned properties. Also in the news: Tips for handling holiday financial stress, how to have the money talk with your parents, and what to do when financial aid and scholarships don’t fully cover course fees.

How to find and finance bank-owned properties
It’s easier than you might think.

5 tips for handling holiday financial stress
Don’t let stress ruin the holidays.

How to have the ‘money talk’ with your parents
Tackling a difficult subject.

Financial Aid and Scholarships Don’t Always Cover Course Fees
Making sure you can cover your costs.

Thursday’s need-to-know money news

phone-scammerToday’s top story: How to tell if that IRS tax collection call is fake. Also in the news: Strategies to maximize your child’s financial aid eligibility, how to lower your cell phone bill, and how to prevent a divorce from ruining your finances.

7 Ways to Tell If That IRS Tax Collections Call Is Fake
Don’t get duped.

Strategies to Maximize Your Child’s Financial Aid Eligibility
Increasing your odds.

4 Ways to Lower Your Cell Phone Bill
The telecoms are rich enough.

10 Ways to Prevent a Divorce From Ruining Your Finances
Protecting what’s yours.

Wednesday’s need-to-know money news

payday-loansToday’s top story: Financial aid tips for procrastinators. Also in the news: Auto insurance in the driverless car era, payday alternative loans, and six ways your teen driver will affect your wallet.

4 Financial Aid Tips for College Procrastinators
Don’t waste any more time.

If You Hate Auto Insurance, You’ll Love Driverless Cars
A change in who’s to blame for accidents.

What Is a Payday Alternative Loan?
Avoiding the traditional payday loan trap.

6 Ways Your Teen Driver Will Affect Your Wallet
It’s more expensive than you’d think.

Monday’s need-to-know money news

Snip20160808_4Today’s top story: How not to pick a bank. Also in the news: bank accounts that foster independence for disabled people, how to pick the right college to avoid student debt, and newly updated government rules to help homeowners facing foreclosure.

How Not to Pick a Bank
Forget about the free toaster.

ABLE Accounts Help Foster Independence for Disabled People
Building financial independence.

Pick the Right College to Avoid Student Debt
Looking at college as an investment.

The Government Updated Its Rules to Help Homeowners Facing Foreclosure
What’s new from the Consumer Financial Protection Bureau.

Wednesday’s need-to-know money news

money-vacation-saveToday’s top story: Overcoming the obstacles between you and retirement. Also in the news: What the President wants to tell college students, what happens when your debt goes to collections, and how to pay less for staying cool this summer.

5 Obstacles Between You and Retirement (and How to Overcome Them)
Clearing the pathway to a solid retirement.

5 Things the President Wants to Tell College Students
Messages for students and student loan borrowers.

What Happens When Your Debt Goes to a Collector?
Not every debt collection process is the same.

Stay cool, but pay less for electricity this summer
Your wallet’s hot enough.

Monday’s need-to-know money news

common-retirement-mistakesToday’s top story: College counselors spill financial aid secrets. Also in the news: How to tell if you’re on track for retirement, why new grads have a huge retirement savings advantage, and the 401(k) mistakes that could cost you a bundle.

College Counselors Spill 6 Financial Aid Secrets
Get the inside scoop.

Do the Math to Tell If You’re on Track for Retirement
Checking your progress.

New grads have a huge retirement savings advantage
How much will you have in 40 years?

The 401(k) Mistakes That Could Cost You a Bundle
Pay close attention.