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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In-depth money conversations and reader Q+A from the team that created The College Investor. Get insights into personal finance, investing, side hustles, and more, plus get your questions answered!
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In college? Want to know how to invest and manage your finances? You’re in the right place.
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How Does A College Admissions Waitlist Work?
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Being placed on a college admissions waitlist can create a mixed bag of emotions for applicants. On one hand, it isn’t an outright rejection, but on the other, it can feel as though you're being left on the sidelines. After all the effort you’ve put into essays, interviews, and extracurriculars, being placed on a waitlist can be discouraging and fr…
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How Much Money For Retirement Do I Really Need?
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Many people wonder just how much money they actually need to retire. In fact, it’s actually one of the most common questions people ask in regard to retirement. However, it may not be the easiest question to answer, as there are so many variables—many of which are unknown. You can begin to grasp how much you will need to retire, though, by consider…
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Inside The Secret World Of Debt Settlement
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Best End Of Year Financial Tips (And To-Do List)
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Here's our financial checklist of the best money moves you can make by the end of the year to maximize your savings and investments while minimizing your taxes. The end of the year can be a whirlwind. But the actions you take over these final months can have large impacts on your tax bill next April and your long-term financial health. By taking pr…
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Why You Should Never Apply To An Out-Of-State School
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Embarking on the journey to higher education is a life-changing decision. One of the first and biggest challenges many prospective students encounter is whether to pursue a college education in-state or out-of-state. As you know, the average cost of tuition has been on an upward trajectory since sometime around the 1980s. College tuition at a publi…
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Should You Have Your Tax Prep Fees Taken Out Of Your Tax Refund?
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Should you pay extra to have your tax prep fees taken out of your upcoming tax refund? It sounds like an appealing offer - paying nothing out of pocket. But is it really worth it? The help of a tax preparation service can make your life easier and potentially lead to savings on your tax bill, but having to pay up front for tax prep services can fee…
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10 Things Business Owners Should Do Before Year End
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If you’re a business owner, the end of the year can be a very busy time. With the holiday season on the horizon, you may be juggling the demands of your business while making space to spend time with family and friends. There are several things you can do by the end of the year to end on a high note and get ready for tax season. With only 12 weeks …
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What Is the Average Cost of College? (And How to Reduce Costs!)
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How much will college cost for students aiming to enter in the fall? The most recent data on the average cost of college is out, and we're breaking down the details. If you’re a millennial or Gen Zer, you might have heard people in their 50s and 60s talking about working their way through college and graduating with little debt. Today, that seems i…
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Should You Refinance Your Student Loans?
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Most people should not refinance their student loans. However, for some niche situations, it can make sense to refinance your student loans. There are various potential benefits and drawbacks to student loan refinancing. So when you're trying to decide if you should refinance your own student loans, there are multiple factors to consider. The decis…
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10 Interesting Ways You Can Make Money Driving
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If you have access to a reasonably reliable car, then congratulations! Making money driving is one of the best side hustles! A decent car is the biggest asset most Americans own, other than their houses. And there are a lot of ways you can make money driving or with your car! In fact, I've seen some people try to raise fast cash by selling their ca…
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10 Biggest FAFSA Mistakes That Could Cost You Financial Aid
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The FAFSA – or Free Application for Federal Student Aid – is required for students who want help paying for college. The application is managed by the Department of Education and helps federal, state, and college-level programs allocate financial aid. This includes grants, federal work-study, and eligibility to qualify for student loans. How much a…
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What Is Tuition Insurance And How Does It Work
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I was recently asked a question by a reader about the drawbacks of getting a private student loan. She asked why she shouldn’t get a private student loan, when interest rates are so low right now. She would need to cosign with her daughter on the loan in order to get the best rate. My advice was as follows: the biggest danger of a private student l…
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10 Crazy Ways To Make $10,000 You’ve Never Heard Of
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Let's talk about $10,000... how to get there and make it happen. Why $10,000? Because it's a number that's big enough to make a difference, but small enough to be achievable by most people who set out for it. And there are some crazy ways to make $10,000, so this will also be pretty fun! We recently discussed how to pay down $10,000 in debt in just…
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3 Ways To Minimize Your Student Loan Debt
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If you’re listening to this, you probably either have student loan debt or you’re about to incur student loan debt and you're looking for ways to minimize your student loans. With student loan debt balances on the rise, your best bet is to pay off your student loan debt as quickly as possible, or better yet, stop the debt from piling up by taking t…
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How To Find Free Community College And Save Money
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With college costs and student debt on the rise, students and their parents need to think about ways to cut the overall cost of higher education. Even if a student wants to attend a four-year university, starting at a two-year university can conservatively lead to five-figure savings. Students who decide against earning a bachelor’s degree can gain…
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What To Do With A 529 Plan If Your Child Doesn't Go To College?
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Today's episode is an interview Robert had with Chuck Jaffee from the Money Life Show. He helps answer a reader question: what happens if you have money saved for college in a 529 plan, but then your child (or niece or nephew) don't actually go to college. What are the options? If you're starting from scratch, should you still consider a 529 plan? …
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8 Ways That Student Loans Can Get You Fired
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FERPA Waiver: Should Parents Force Their College Kids To Sign It?
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A FERPA waiver, when signed by a student, allows parents to gain access to academic records during college. However, this raises an interesting question: should parents push their college-bound children to sign? Many parents, accustomed to having access to their child’s academic records throughout high school, are surprised when they no longer have…
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What Is The 529 Plan Penalty And How To Avoid It
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One of the biggest fears families have about using a 529 plan to save for college is the dreaded 529 plan penalty. There are many ways to save and pay for college, and the absolute best way to do it varies depending on your specific situation. A 529 plan, which is designed to help you with higher education expenses, is a type of tax-advantaged acco…
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Understanding Grandparent-Owned 529 Plans
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What is a grandparent-owned 529 college savings plan? How do they work? What do you need to know about them and what changes should you know about? A grandparent-owned 529 plan is a type of 529 college savings plan where the account owner is a grandparent, as opposed to a parent. The grandchild is the beneficiary. Another alternative would be a cus…
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Why Do Smart Low-Income Students Not Enroll In Selective Colleges?
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Low-income students are half as likely to enroll in selective colleges as compared with high-income students with similar grades and test scores. This is called undermatching. These students are often academically talented and likely to be admitted.¹ ² Still, many end up at less-selective colleges, such as lower-cost public colleges and community c…
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Answering The Question: What To Do After College?
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I don't know what to do after college!?! It's one of the most common questions I hear - from high school grads, to college students, to even some nearing college graduation. If you find yourself saying, “I don’t know what to do after college,” you are not alone. The truth is, most college grads have a "now what" moment. You've basically lived your …
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6 Elements Of A Solid Personal Financial Plan
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Are you ready to take control of your financial future? You don’t need a financial advisor to develop your own financial plan. In fact, YOU are the best person to put one together. When you’re directly involved in mapping out your finances you’ll be more likely to actually stick with your goals. Plus, you’ll have a keen awareness of where you stand…
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