Pennsylvania is investing in its future by giving every newborn a $100 toward college.

Image by Cari Dobbins from Pixabay

Americans owe $1.4 trillion in college debt. That’s more than they owe on car loans or credit cards.

College debt holds people back from being able to buy a home, start a business or save for retirement. It also means that many new graduates are forced to enter careers they don’t like just to stay afloat.

Many are burdened with massive student loan debt because their parents contributed little to their educational expenses. According to Forbes, 80% of college students get little to no financial assistance from their parents.


While it’s understandable that some parents simply don’t have the means to help their adult children with educational expenses, for others, it’s due to a lack of planning.

via PHENND / Twitter

The state of Pennsylvania is giving parents a head start on saving for college with its new Keystone Scholars program. The Pennsylvania treasury is investing $100 for every baby born or adopted after December 31, 2018 to be used for the child’s future higher education expenses.

All parents have to do is open a PA 529 account to receive the $100 deposit. A 529 account is a great savings tool because it allows people to invest pre-tax money and pull it out tax-free as long as it’s used for educational expenses.

While $100 compounded over 18 years isn’t going to get the kid a free ride to Harvard, setting up the account puts parents in the saving mindset. Parents who receive the $100 initial deposit and then contribute $100 a month over 18 years will hypothetically save $38,000 for college expenses.

These days we are hearing a lot of talk from Washington about possible student loan debt forgiveness or free state college for all. While those potential programs are giving people a lot of hope, it’s best to start saving now because you never know what the future holds.

Most Shared
Instagram / Frères Branchiaux Candle Co.

Three young Maryland brothers who started a candle company to buy new toys now donate $500 a month from their successful business to help the homeless.

Collin, 13, Ryan, 11, and Austin, 8, Gill founded "Frères Branchiaux," which is French for Gill Brothers, after their mom told them they could either get a job or start a business if they wanted more video games and Nerf guns.

"They surprised me when they started a business and they started selling at their baseball and football games and they've moved on to a vending truck," Celena Gill told Good Morning America.

The three of them have been making the candles in their Indian Head home for the last two years and business is booming, with 36 stores carrying the boys' products and a deal with Macy's in the works. They sell nearly 400 candles a month, priced from $18 to $36, along with other products like diffuser oils, room sprays, soap, bath bombs and salts, according to the Washington Post.


Keep Reading Show less
Business
Sony Pictures Entertainment/YouTube


A BEAUTIFUL DAY IN THE NEIGHBORHOOD - Official Trailer (HD) www.youtube.com

As a child, I spent countless hours with Mister Rogers. I sang along as he put on his cardigan and sneakers, watched him feed his fish, and followed his trolley into the Land of Make Believe. His show was a like a calm respite from the craziness of the world, a beautiful place where kindness always ruled. Even now, thinking about the gentle, genuine way he spoke to me as a child is enough to wash away the angst of my adult heart.

Fred Rogers was goodness personified. He dedicated his life not just to the education of children, but to their emotional well-being. His show didn't teach us letters and figures—he taught about love and feelings. He showed us what community looks like, what accepting and including different people looks like, and what kindness and compassion look like. He saw everyone he met as a new friend, and when he looked into the camera and said, "Hello, neighbor," he was sincerely speaking to every person watching.

Keep Reading Show less
Culture
via ManWhoHasItAll

Recently, Upworthy shared a tweet thread by author A.R. Moxon who created a brilliant metaphor to help men understand the constant anxiety that potential sexual abuse causes women.

He did so by equating sexual assault to something that men have a deep-seeded fear of: being kicked in the testicles.

HBO didn't submit 'Brienne' from Game of Thrones for an Emmy. So, she did it herself.

An anonymous man in England who goes by the Twitter handle @manwhohasitall has found a brillintly simple way of illustrating how we condescend to women by speaking to men the same way.

Keep Reading Show less
popular