Back to school shopping without breaking the bank

  By MassMutual It seems like the summer is just getting going, and already it’s time to start thinking about back to school. The children may still be wearing bathing suits, flip flops and sunglasses, but many families are already thinking about books, backpacks and boots. Unfortunately for many families, back to school shopping may also mean whining children and nagging parents arguing over an endless list of electronics, expensive sneakers, and the like. This year, instead of frustration, opt for cooperation from your school-aged kids. Back-to-school time is the big buying season for them, so take the opportunity to … Continue reading

Student loan forgiveness program cancels tuition debt after 20 years

Image courtesy of Flickr

  College is a stepping stone in life, one that ensures higher-paying jobs and greater financial independence. However, the high cost of tuition results in two-thirds of graduates taking out loans, with an average student debt of more than $23,000, according to White House data. President Barack Obama expanded his Pay as You Earn program on June 9 to include more students. Launched in 2012, students who borrowed federal direct loans may cap their loans at 10 percent of their monthly incomes. The June executive order extends to students who borrowed before October 2007 or those who have not borrowed … Continue reading

Governor Patrick announces scholarships to 800 Massachusetts students pursuing high-demand careers

Governor Deval Patrick joined Education Secretary Matthew Malone, Higher Education Commissioner Richard Freeland, UMass Boston Chancellor J. Keith Motley and 100 students to announce the Commonwealth’s new High-Demand scholarships, awarded to students pursuing careers for which the state has an urgent need for skilled talent. The Commonwealth’s knowledge-based economy relies on a high-knowledge, well-skilled workforce for continued growth, and these scholarships will help ensure that Massachusetts has the talent needed to remain competitive in the 21st century. Continue reading

Lunar New Year Financial Resolutions

Michael Tow

In my last article, I wrote about ways to keep your New Year’s financial resolutions. But unfortunately, three weeks or so into the New Year, many of you have probably already broken them. Well, Happy Lunar New Year! Here is your second chance to make and stick with some new New Year’s Resolutions.

Here are my top 5 Financial Resolutions for the Lunar New Year: Continue reading