Advice on making college applications stand out

Anna Ivey and Alison Cooper Chisolm, who have more than 20 years of combined experience as college counselors, said their goal in writing “How to Prepare a Standout College Application” was to help students turn in applications that will be a cut above all the other great kids’ applications.

Leaving an inheritance? Manage expectations

In survey after survey, it’s clear that when it comes to passing money and other assets down from one generation to the next, many parents and their children have conflicting ideas and expectations. That could spell trouble in the here and now or 20 years down the road.

A class ring is a pricey rite of passage

The base price can be $300 to $400, which doesn’t include any special inscriptions or decorative stones, which can drive the final price to the same neighborhood as a semester’s worth of college textbooks. That’s a lot to shell out for parents on a tight budget or a student working part time.

Beware of the ‘grandparent scam’

Law enforcement experts say elderly people are the perfect target because they’re often too kind and trusting and too willing to part with their money to help a grandchild who is seemingly in trouble.

Tooth fairy reflects the bite of inflation

Kids are now getting nearly $4 per tooth from the tooth fairy, according to a new Visa survey of more than 3,000 parents. Some lucky youngsters are even finding $20 under their pillows, with a small percentage getting $50 per baby tooth, Visa said.

Being lazy can be costly

Kids still need to master the basic blocking and tackling of managing their money. But now there is so much more financial technology to help.

League of Legends enters the field of debit cards

American Express rolled out the card in mid-August with the motive of making banking inroads with the millennial generation of teens and young adults. A company executive cited 32 million male gamers worldwide who play League of Legends a “staggering” 1 billion hours a month as a reason for partnering with Riot Games. That’s a lot of potential American Express customers.

Shopping list essentials for the college dorm room

Supplies and services always get overlooked. You’re frazzled and your 18-year-old is overwhelmed. That translates into bad decisions and possibly paying lots more for stuff at stores near campus that could have been bought more cheaply at home.

Lessons from a $2 million dollar mistake

An NFL player could have avoided forfeiting more than $2 million simply by showing up to an offseason workout. His loss provides a cautionary tale for kids on how to safeguard their money, especially when starting that first job,

Back-to-school spending adds up

From clothing and accessories to backpacks, computers and calculators, the average family is expected to spend $635 in the weeks ahead, according to the National Retail Federation. The retail group also reported that prices on supplies are up an average of 7.3 percent from a year ago.

You can buy insurance on your college-bound child

For a few hundred dollars, you get a policy that will reimburse your tuition, on-campus housing costs and possibly other fees if your student has to drop out of school for medical reasons, such as mononucleosis, injuries from an automobile accident or mental health issues. Family financial setbacks that result in withdrawal from school are also commonly part of coverage.

By age 7, most financial habits have been formed

A new study from Cambridge University shows that most children by age 7 know how to recognize the value of money and can count it out. They also understand how money can be exchanged for products and what it means to earn money through work.

Get to know your W-4

Millions of young workers in their first job — either on a company’s payroll or as a fledgling self-employed business tycoon — will have tax issues to consider this summer.

Children should have a stake in tuition

A survey released in late May by the College Savings Foundation found that the vast majority of high school students— nearly 93 percent — said they will or may work while in college. The majority also said they will try to balance pulling down a paycheck with hitting the books as full-time students, although many also said working will force them to attend school part time or study less.

Iron Man is also a money man

Sparking a 13-year-old’s interest in investing often comes down to finding stocks that he or she can relate to. And this superhero has several investment angles.

A solution to tuition inflation

The University of Dayton, beginning with this fall’s incoming class of freshmen, will offer merit-based scholarships and grants that will grow each year to match tuition increases dollar for dollar.

Straightforward videos aim to enhance financial education

Bruce Palmer, who recently relocated to the Kansas City area after many years in Florida, believes his labor of love, Be Street Smart About Money, is an effective learning tool on using credit, balancing a checkbook, budgeting, protecting your identity and other personal finance basics. If he is successful, the benefits will be felt for generations to come.

Student loan rates could double in July

Unless Congress acts, rates on new subsidized Stafford loans will rise from a fixed 3.4 percent to 6.8 percent. Stafford loans, which don’t require repayment until six months after leaving school, account for more than a third of federal student aid.