Personal Finance and Money Management

Speaking events are not umon on college campuses, and some of the greatest minds in the world are often invited to share their wisdom at campus events. In early 2011, however, Rutgers University made the news for their speaker choice of Nicole Snooki Polizzi, cast member of the Jersey Shore. Her speech, which included the sentiment study hard, but party harder, was ill-received by many, and the school received a lot of backlash and media attention for the decision.

The largest issue with this choice was not so much the message, but the cost.

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Weve all heard the news about the trouble state governments have had this fiscal year, and the proposed budget cuts to deal lower debts for next year. What you might not know is that your higher education could be on the chopping block, especially if you attend a public college where more of the costs this fall may be pushed to the students. As this fiscal yeares to an end, the budget needs to be finalized in each state and as a result of government cuts, many public colleges will lose large fractions of their funding.

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While the government continues to argue over budget cuts, students and college presidents are rallying together to ensure saving the much needed Pell grant. Organizations are spearheading the Save Pell effort and are urging students to act now to prevent cuts to Pell Grants in states throughout the country.  Today, July 25th, 2011, has been named Save Pell Day as it is the last day you can email your representatives about budget cuts to financial aid. At least 19 states have slashed their higher education budgets, and public college and universities are raising tuition and cutting institutional financial aid.

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