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How A Good Credit Score Can Save You $83770

The recent article on how much of your income should you save generated significant interest. Rather than offer a rule of thumb, the article looked at how long it would take to retire based on different savings rates. The challenge for many, however, is increasing their savings rate to anything more than about five or ten percent. Odd as it may sound, one way to boostyour savings rate is to maintain a good credit score.

When it comes to building wealth, a good credit score is probably not the first thing that comes to mind. That 3-digit number known as a FICO score, however, can have a serious effect on your bottom line. In fact, a low score can cost a family tens of thousands of dollars...

Regents approve tuition hike

ST. GEORGE – The Utah State Board of Regents on Friday approved an average increase of 3.06 across the state’s system for the 2015-16 school year during a meeting at Dixie State University.

The Utah State Board of Regents voted to increase the cost at seven of eight of the state’s higher education facilities — Southern Utah University, Utah State University, Weber State University, Snow College, Utah Valley University, Salt Lake Community College and Dixie State University — by 3 percent and by 3.5 percent at University of Utah, according to a news release from the Utah System of Higher Education.

“In higher education, our first concern...

Attractive Mortgage REITs, Stable Dividends

Maxim Group

Mortgage real-estate investment trust stocks are trading at just over 0.9 times the Dec. 31 book value, with 12.6% yields.

If book values and dividends remain relatively stable, these stocks should be attractive, in our view. In first-quarter 2015, the interest rate volatility that began in late fourth-quarter 2014 has…

Get The Best Bang For Your Buck With These Student Freebies

College is expensive, theres no easy way around it. For most students on a fixed income, $200 textbooks and an open bar tab three nights a week can run a bank account dry. These expenses often leave students asking for whatevers cheap, or better yet, free.

What you may already know is that Penn States tuition costs are second only to the University of Pittsburgh for public universities. What you may not have known is that the state of Pennsylvania has the third-highest student debt in the nation. Needless to say, monetary-wise, Penn State students dont have it easy when paying for college.

Fortunately, our beloved university realizes the struggle and attempts to lend us a helping...

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Creating wealth, building democracy: What does it take

Building wealth in our community happens in part through the creation of jobs.

However, the number of jobs paying $15 an hour or more, is decreasing. According to a 2012 report by the National Employment Law Project, 58 percent of jobs created in the US between 2010 and 2012 were low-wage positions paying less than $13.38 per hour, with the two largest sectors for low wage job growth being foodservice and retail. Sadly, the majority of jobs lost between 2008 and 2010 were higher wage positions, meaning the national economy has been replacing higher paying jobs with lower paying jobs.

The number of workers wanting to work full time but only finding part-time jobs, with no benefits...

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Consumer Reports: Keys to avoid home mortgage pitfalls

LISA: SUCH A BIZARRE STORY. THANKS FOR THE UPDATE. THE PEAK SEASON FOR HOME SALES IS AROUND THE CORNER, BUT MANY HOMEBUYERS ARE LIKELY TO MAKE A SERIOUS MISTAKE. NEARLY HALF OF ALL BUYERS SETTLE FOR THE FIRST MORTGAGE THEYRE OFFERED ACCORDING TO THE CONSUMER FINANCIAL PROTECTION BUREAU. IF YOURE IN THE MARKET FOR A NEW HOME, CONSUMER REPORTS HAS IMPORTANT ADVICE ON HOW YOU CAN BE A SAVVY HOMEBUYER. GOING TO OPEN HOUSES ARE CHECKING ADVERTISEMENTS OUR WAY TO GET A SENSE OF THE REAL ESTATE MARKET IN YOUR AREA. BEFORE YOU BUY, CONSUMER REPORTS HAS YOU NEED TO DO WHAT THIS COUPLE DID AND SPENT TIME LOOKING FOR THE BEST MORTGAGE. WE WANTED TO MAKE SURE WE HAD A GREAT RATE LOCKED IN PLACE FOR THE 30 YEARS,...

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Does a Reverse Mortgage Make Sense for You?

Photo: Flickr user Pascal Willuhn.

Like so many Americans, you may be fretting about retirement and how youre going to support yourself for all those years. Even if youve been investing diligently for years, you may fear that you dont have enough. Theres a certain fund-generating strategy you might want to consider: the reverse mortgage. It can sound like a perfect solution, but dont jump into it without learning more first.

In a nutshell
Whats so great about a reverse mortgage? Well, it can give you a bundle of money to live on in retirement. There are a few strings attached, though, and many details to understand.

Youre probably familiar with how mortgages work. You borrow...

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Manual Labor, All Night Long: The Reality of Paying for College

The UPS/Metropolitan College model helps students pay for college, and for that it should be lauded. But can college students really work the night shift five nights a week and stay alert enough at school to understand what was happening in their classes? In the richest country in the world, shouldnt there be a less hellish way to finance a college diploma?

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For the first 200 or so years after Harvard, the first college in America, was founded in 1636, students either studied the classics or technical topics such as science or agriculture. But in the mid-1800s, leaders of schools including Harvard and Yale, concerned that wealthy families were starting to see college as useless,...

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Learn the Keys to Ditching College Debt

HARRISONBURG, Va. (WHSV) — Theres a good chance you or someone you know is still paying off college.

When Lydell Lockett hit the books to get his college degree, like millions of people across the country, he took out a student loan.

As much as it has helped him go to school, that decision has also led to some problems.

I didnt know it was going to be as much as it has turned out to be. Once I realized where I was at, I knew I had to get a better paying job, explained Lockett.

He is 32 years old, a father of three and studying to become an accountant at American National University in Harrisonburg.

For him, continuing his education has proven to be very...

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OCC: Delinquencies Down, Mortgage Performance Up for Eight National Banks

Eight national banks saw the performance of their first-lien mortgages improve in the fourth quarter of 2014, while the delinquency rate on those mortgages and the foreclosure activity continued to decline, according to a quarterly report on mortgage performance by the Office of the Comptroller of the Currency (OCC) released Friday.

The eight banks examined in the OCC Mortgage Metrics Report, Fourth Quarter 2014 were Bank of America, JPMorgan Chase, Citibank, HSBC, OneWest Bank, PNC, US Bank, and Wells Fargo. The mortgages covered in the report comprised about 45 percent of all outstanding residential mortgages in the United States – about 23.1 million mortgages with principal...