Bad News for low-income College Students

Federal financial support for low-income undergraduate students — in the form of Pell Grants will be reduced by 3.9 billion dollars if President Donald Trump’s budget proposal for 2018 is approved by Congress.

Here is the full article.

Pell Grants is money for college that does not need repaid, and goes to families whose income is less than 40k.  The maximum amount of the gift is $5,920, and many of the recipients have a household income less than 20k.

Dr. G. David Boyd is the Managing Director of EA Resources, a non-profit designed to equip parents and churches to minister to the needs of emerging adults.

 

Making College Affordable – Website Resource

Chowing Down on the Cheap

College Affordability is a website filled with financial tips and tools to help you save money.  The website recently posted this article on saving money on food expenses at college.

Unhealthy fat man trying to eat one more pizza partI save the least important subject of the site for last. You will always have a food budget, and eating right costs good money. In terms of its toll on health and wellness, cheap food is rarely worth the price. That said, you can eat well and save money as a student if you forego the more common options presented to you. Let’s dive into some of the food options and plans distinct to the college experience.

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Put Your Money Where Your Mouth Is: reaching Emerging Adults.

Emerging adult - background

Photo courtesy of Aaron Robert Photography. Copyright 2016. www.aaronrobertphotography.com

Many churches say they want to do something about the Millennial Exodus: I use this term to describe the steep decline of Millennial involvement with the organized church following their graduation from high school (read the statistics here). However, few churches are willing to turn their words into action. Many churches annually fund children and youth ministries yet are hesitant to designate funds towards programs for emerging adults. This needs to change. You can challenge your church to make Emerging Adult Ministry a priority when planning this year’s church budget.

Here is the entire article on Church Central’s website.

David - Prof 2Dr. G. David Boyd is the Manager of EA Resources, a non-profit designed to provide resources to church and parents about emerging adulthood.  He is also the founder of the EA Network, a national social network of individuals who minister to emerging adults.

School Debt Consolidation – Don’t Get Fooled!

Debt from Flickr via Wylio

© 2013 Simon Cunningham, Flickr | CC-BY | via Wylio

Thieves will always follow a trail of money.  In today’s world, educational debt is a big business; therefore, it should not be a surprise us that people are making a living off stealing from those who are buried in school debt.

The average debt for a graduating student in 2013 was $32,500 (Source).  This number continues to escalate with the rise in college tuition.  This number includes an average of $3,000 in credit card debt.  Debt is difficult to repay for students who graduate, but we must also remember those who are not able to finish their education.

Feelings of desperation causes people to run towards news that sounds too good to be true.

Here is the article that explains the scams.

Debt is not a game.  It is real, and will affect your life.  Proverbs 22:7 says, “The rich rule over the poor, and the borrower is servant to the lender.”   As Christians, we must use wisdom as we make decisions about educational debt.