College seems to have many costs everyone forgets to mention, especially at orientation. Going in, everyone has ideas what their four years will cost: tuition, room and board, and money for other essentials. Now add the fees for that prestigious fraternity/sorority that you have been eying, paying for plane tickets and everything else when you take a summer or semester abroad, and finding some fantastic internship where you realize what it is that you are going to do (or not do) with your life, which is also usually unpaid. On top of this, there’s the possibility of extra semesters because remediation, a failed class, switch of majors, or transfers and there are even costs for graduating. All this isn’t to say that college is expensive so you should skip out on it, as college graduates with a Bachelor’s Degree earn on average $800,000 more in a lifetime compared to those who don’t have degrees. This is here, however, to open your eyes to the potential costs that lay ahead of you. Hopefully this list will help you plan so you can do all that you desire to do and come out with a degree in hand, a couple years of great memories, and a little less debt.
Written by Fisher Derderian, a rising junior at The King’s College in downtown Manhattan studying Politics, Philosophy, and Economics. He is currently a marketing intern at the Council for Economic Education.
On May 13, CEE held another exciting discussion in the Vantage Point series, covering the Economic Outlook from the Boardroom: Perspectives from Women of the Board. Held over breakfast at the Harvard Club of New York, an esteemed panel of leaders shared their insight and their own personal experience while discussing the challenges of women in the boardroom and beyond.
CEE’s CEO and President Nan J. Morrison opened the program, while Ellen Hughes-Cromwick, Director and Chief Economist of the Ford Motor Company, moderated the panel.
The Hon. Mary Schapiro, 29th Chairman of the SEC, Former Chairman and CEO of FINRA, and a 2008 CEE Visionary Award winner, presented first, noting that only 18% of corporate board seats are held by women—and yet, when women make up a larger percentage of a board, it’s more likely to see a higher return on capital and sales.
Mellody Hobson, President of Ariel Investments, followed up by addressing the importance of both gender and racial diversity, and how it creates real value for companies.
Rounding out the panel, Ms. Cathy Minehan discussed some of the ways that gender disparity is being addressed, like the 2020 Women on Boards, an initiative to increase the percentage of women serving on corporate boards.
One of the most important initiatives to bridging the inequality gap is early financial education. And given our mission here at CEE, to promote financial and economic literacy in K-12 students, we couldn’t agree more.
In an effort to bring attention to the continued need for personal finance education in K-12 programming, over 80 industry, government and education leaders gathered on May 5 to discuss the state of economic and personal finance education in Delaware and how they are working together to improve the economic and financial literacy of young people.
The program, held earlier this month at the Hotel du Pont, was the first of four regional events hosted by the national Council for Economic Education (CEE) and its local affiliate, the Delaware Council on Economic Education (DCEE), and sponsored by Capital One.
Highlighted during the event was the progress already being made through the strong partnership forged with the University of Delaware’s Center for Economic Education and Entrepreneurship (CEEE).
“An overwhelming majority of Americans, when hit with an emergency, would have less than two weeks of reserve on which to live and a huge number of people would be out on the streets,” said Gov. Jack Markell, a longtime advocate committed to financial education, in his keynote address. “So, unfortunately, most kids don’t know about money because they’re not learning about it at home.” Read more…
Last week on May 21, the Council for Economic Education hosted Senator Jack Reed (RI) and Senator Mike Enzi (WY) in Washington, DC for a very exciting announcement: the official launch of the Senate Financial and Economic Literacy Caucus, a bipartisan effort to ensure that all Americans are equipped with the essential skills and education they need.
Senator Reed stressed the importance of bringing people from all sides together to address the issue of financial literacy, “a critical problem for future generations.” Financial education is a lifelong endeavor, he continued, and “has to start in elementary and secondary schools, and lead into the college arena.” The Caucus, he hopes, will be a “catalyst for positive change.”
Senator Enzi addressed the need for access to information and tools to help Americans make the right choices, like saving for retirement, buying insurance, or investing.
Following their remarks, the room turned its attention to an important and timely question: what role should the federal government play in supporting financial literacy? Read more…
The winning entry of the 2014 National Economic Challenge Video Contest was created by a team of four students from Iolani High School in Honolulu, Hawaii. Dick Rankin, an Iolani Teacher, served as the team’s Coach.
CEE asked the eight finalist teams for the 2014 National Economic Challenge to prepare video profiles that show who they are as people, students and scholars. These videos were placed on our Facebook page and open to voting by the general public. The team from Iolani High School received the most votes with over 220 votes.
Each student on the team will receive a $25 iTunes gift card and the coach will receive a $100 Amazon gift certificate for use in the classroom. Congratulations to Iolani and to all the finalists for their great submissions!