Tuesday, January 23, 2018
Business

When choosing colleges, calculate the money factor

This spring, millions of high school seniors are contemplating their college choices for next fall. Near the beach? Closer to big-city life at campuses in Seattle, San Francisco or NYC? Tucked into a smaller, more intimate college setting?

In addition to where, another equally critical calculation in deciding which college to attend is how much. With college costs at budget-breaking levels, there has been a push to make the college-cost comparisons easier for families.

For too many families, the how-to-pay-for-college equation has been "complex and confusing," said Rohit Chopra, student loan ombudsman for the federal Consumer Financial Protection Bureau.

Under its Know Before You Owe project, the CFPB wants to arm students and parents "with clear information and a clear set of facts" before they take out costly student loans. To strip away the confusion, the CFPB's first effort in 2012 was the Financial Aid Shopping Sheet, which is a streamlined, easy-to-read template that colleges can use to send out financial aid information to their prospective students. It includes details on the school's graduation rates, loan defaults and other data.

On its website, the CFPB's Paying for College section lets students plug in numbers from schools, three at a time, to make comparisons of first-year college costs. It also shows your potential student loan debt at graduation.

"Even if they haven't received their financial aid offer from their school, they can use it to make estimates," said Chopra. For example, if a student decides to live in cheaper, off-campus housing, that choice can affect how much they might need to borrow.

The motivation behind such tools is trying to ensure that college students don't blithely rack up tens of thousands of dollars in student loan debt, which can drag down their post-college financial life and even have an impact on their future career choices.

Comments

Verizon misses its profit forecast

Associated PressNEW YORK — Verizon Communications Inc. on Tuesday reported fourth-quarter earnings of $18.67 billion.On a per-share basis, the New York-based company said it had profits of $4.56. Earnings, adjusted for one-time gains and costs, were ...
Updated: 7 minutes ago
Hungry at Gasparilla? Eight great restaurants near the parade route

Hungry at Gasparilla? Eight great restaurants near the parade route

GASPARILLA: THE DINING EDITIONGasparilla. Some things are certain. There will be scantily clad pirates and liquid libations. At some point, it is advised to eat some food. Here are some of the top places that are easily accessed along the invasion ro...
Published: 01/23/18

Hernando Business Digest for Jan. 26

Business digestBrieflySMALL BUSINESS BRIDGE LOANS HELP HERNANDO: The Florida Small Business Development Center at the University of South Florida facilitated 141 Florida Emergency Bridge Loans, totalling $7,515,100 in funding. In Hernando County, eig...
Published: 01/23/18
Sheriff Bob Gualtieri severs contract with CareerSource Pinellas

Sheriff Bob Gualtieri severs contract with CareerSource Pinellas

Pinellas Sheriff Bob Gualtieri severed his agency’s contract with CareerSource Pinellas on Monday after learning that the jobs center told the state it helped 624 sheriff’s employees get hired since 2014.The sheriff said he has no record of CareerSou...
Published: 01/22/18
Water Street Tampa sketches vision for Marriott Waterside (with video)

Water Street Tampa sketches vision for Marriott Waterside (with video)

TAMPA — Water Street Tampa developers outlined some broad goals for their planned $40 million renovation of the Tampa Marriott Waterside Hotel & Marina in a video posted to social media on Monday.In short, they want a hotel that feels inclusive, not ...
Published: 01/22/18
Solar industry on edge as Trump weighs tariffs on panels

Solar industry on edge as Trump weighs tariffs on panels

Associated PressDALLAS — Some in the U.S. solar-power industry are hoping a decision this week by President Donald Trump doesn’t bring on an eclipse. Companies that install solar-power systems for homeowners and utilities are bracing for Trump’s call...
Published: 01/22/18
Tampa Bay ranks No. 5 for top moving destinations

Tampa Bay ranks No. 5 for top moving destinations

TAMPA — Tampa Bay was the No. 5 moving destination in 2017. Penske Truck Rental’s annual list ranks metro areas based on the number of one-way moving truck rentals to them.The Tampa Bay region, which includes Sarasota, held its position from 2016. It...
Published: 01/22/18
Free clinics respond as more people head to the ER with dental problems (w/video)

Free clinics respond as more people head to the ER with dental problems (w/video)

Charles Lee had been dealing with an excruciating toothache for days. The pain made it hard to eat or sleep or focus on work. But Lee, 54, didn’t have dental insurance. His job as a delivery truck driver offered only a supplemental policy that was to...
Published: 01/22/18
Fur and fury at 40,000 feet as more people bring animals on planes

Fur and fury at 40,000 feet as more people bring animals on planes

When Marlin Jackson arrived at his row on a Delta flight from Atlanta to San Diego in June, the middle seat was already occupied by a man with a sizable dog on his lap. Jackson squeezed by them to his window seat, and the Labrador mix lunged at his f...
Published: 01/22/18
Teens who spend less time in front of screens are happier - up to a point, new research shows

Teens who spend less time in front of screens are happier - up to a point, new research shows

In recent months, Silicon Valley executives have been speaking out about the purposely addictive designs of smartphones and social media, which make them hard to put down for anyone, but particularly teenagers. Now, a new report puts numbers to the w...
Published: 01/22/18