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Higher One buys Sallie Mae for $47M
May 08, 2013
Higher One Holdings Inc. announced the acquisition of Sallie Mae’s Campus Solutions business. Sallie Mae’s Campus Solutions provides billing payment solutions, refund disbursement services and tuition payment plan administration, to college and university business offices across the country.
Under the terms of the purchase agreement, Higher One acquired all of the assets of the Campus Solutions business in an all-cash transaction valued at approximately $47.25 million. The acquisition will enable Higher One to offer more services to the 1,300 school and 10 million students it services.
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Tips to Pay Back Student Loans
Rachel Yonkunas
May 01, 2013
College graduation is an exciting time, but higher education can build up financial fatigue. The panic of finding a job highlights the burden of student loans. When tackling the bill, experts say sticking to a budget just makes sense.
“Living within their means, is to me, the best key. If you can't buy it with cash, then you may want to leave it alone,” suggested Daymesha Reed, Financial Aid Assistant at Wallace Community College.
Some banks defer loans up to six months after graduation, giving students a grace period to find their footing and land a job.
“Borrowing for education is an investment in education. It's a good investment, but you do have to be prepared to pay it back with interest,” explained Reed.
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Financial Literacy and Business Journalism
Chris Roush
March 2013
In June 2011, the website of business news network CNBC added a new tool that explains complicated business terms to its readers.
Called “CNBC Explains,” this feature profiled in March 2013 topics such as jumbo mortgages and REO, or real estate owned. Both were written by Diana Olick, CNBC’s real estate reporter.
Other explainers on CNBC.com come from Salman Khan, the former hedge fund manager who founded Khan Academy, a Web site dedicated to explaining everything from math to chemistry to physics.
“We have been updating it as the needs arise,” said Allen Wastler, the managing editor of CNBC.com and a board member of the Society of American Business Editors and Writers. “When LIBOR popped up last fall, we needed to explain that. With all of the Congressional stuff in January, we did a few things.
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Yale tackles financial illiteracy
Amy Wang
March 8, 2013
On an ordinary day, the lobby of the Student Financial Services Center is clean, brightly lit — and almost completely empty.
The center, which contains the financial aid offices for Yale College and other Yale schools, occupies the first floor of 246 Church St., an administrative building that sits at the eastern edge of campus and also houses the ID Center and Student Employment Office. Student Financial Services employs a team of 14 full-time staff members, roughly two-thirds of whom are qualified to provide students with information on financial aid, financial policies and personal finance, upon request.
The only things missing from the equation are the students themselves.
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