CFPB to survey financial products on campus
The Consumer Financial Protection Bureau launched a campaign Thursday to examine the effect financial products marketed through colleges and universities such as Boston University have on students, CFPB officials said. The CFPB will investigate the marketing strategies of financial products such as school-affiliated bank accounts — including those offered by Bank of America and Citizens […]
Youth unemployment up in January, study finds
Despite its reported increase in youth unemployment in January, the January 2013 Millennial Jobs report released by Generation Opportunity fails to take seasonal employment fluctuations into account, Boston University officials said. “Employment goes down in January because temporary employees begin to leave jobs. The same happens when students go on summer break and begin looking for […]
Student loan defaults increasing, study suggests
In light of a new study finding college students more likely than ever to default on their student loans, students must be aware of various repayment options and strategies to avoid default, Boston University officials said. The average size of student loan debt has increased 58 percent since 2005, while the average credit card loan […]
College graduates face underemployment, report suggests
Almost half of college graduates are employed in jobs that do not apply knowledge gained from higher education, according to a recent study by the Center for College Affordability and Productivity. Despite the findings, several Boston University students said they are not concerned by the threat of underemployment. “In general, I would like to think […]
Changing housing market poses new challenges, higher costs for students
For college students looking to leave campus and rent an apartment, things are getting harder, for over the past year, the overall real estate market in Boston for buying has improved, but rent prices are rising, creating a dilemma for students. Jeff Kaufman, 27, a programmer at Google, mocked up a map of Boston rent prices throughout the city. […]
