June 5, 2015
I HEARD FROM quite a few readers following a column I wrote on helping young adults, especially recent college graduates. To recap, I suggested, among other things, that it's OK to allow a recent grad to live rent-free while he or she saves. I don't think parents should charge rent if an adult child is living at home with an aggressive plan to pay off student loans. I'm all for helping your children leave the nest. But if you can afford to give them help before they launch, it's not going to stifle their independence if they are otherwise financially responsible.
June 17, 2014 |
Home equity is a decent option to help finance a college education. "Traditionally, you can tap equity in your home to fund college," said Karen Robbins, with UBS's Philadelphia complex of 90 financial advisers. She also has clients with $250,000 to $500,000 of investable assets using it as collateral for lines of credit. For the rest of us, home-equity loans offer a fixed interest rate, averaging 6.79 percent for a $30,000 loan. Home-equity lines of credit (HELOCs) have a variable interest rate averaging about 4.57 percent, according to Bankrate.com.
April 11, 2014 |
CAMDEN Camden's largest charter network again is expanding its footprint: After purchasing a 1920s skyscraper for additional classroom space, it now is establishing an endowment for early-childhood education and college readiness, to the tune of $3 million. LEAP Academy University Charter purchased the nine-story Wilson Building in January and, on Tuesday, secured a bond not to exceed $10 million to complete renovations in the space, built for office and retail tenants. On Wednesday, officials gathered again, this time to celebrate receiving a $1.5 million matching grant.
December 6, 2013 |
A legal defense fund has been set up to help Barbara Mancini, the Philadelphia nurse charged with assisted suicide for giving her 93-year-old father morphine in February. The fund was created by Compassion & Choices, an advocacy group focused on giving dying people more control at the end of life. Mancini, 57, of Roxborough, has incurred more than $104,000 in legal fees, said her husband, Joe. "We are very grateful," he said Tuesday. He said he and his wife had paid attorney fees by draining their college fund and borrowing from family members whom they hope to repay.
June 25, 2013 |
MEET GARY PATEL, the most popular guy in Point Breeze. Owner of Federal Beer. Father of twin babies. Good dude. Also, Patel is about to bank a six-figure bonus after a Pennsylvania Lottery employee yesterday covertly verified that the $131.5 million winning Powerball ticket was bought at his store at 15th and Federal. The jackpot winner hasn't come forward yet, but the whole neighborhood seemed to have a spring in its step yesterday after the rain subsided and the TV news vans started rolling in, looking for Gary.
June 22, 2013 |
Adapted from a recent online discussion. Question: My parents asked us to match their contributions to our children's savings accounts. While this is well-intentioned advice, we are focusing (in our early 30s) on shoring up our retirement reserves and paying down debt. Not to mention, we both work, and two kids in day care is a significant expense that won't be there forever. I started explaining all this, and I think I did a decent job doing so, but realize I should have said something more along the lines of "If you want to contribute, that's great, but our financial decisions are our business.
June 20, 2013 |
DARRELLE REVIS has reportedly paid Buccaneers safety Mark Barron $50,000 for his jersey number. Revis, a cornerback, wore No. 24 for six seasons with the Jets. But after being traded to the Bucs in April he discovered that Barron already had that number. Paul Lukas of Uni- Watch.com, reported yesterday that Barron will wear No. 23 after accepting Revis' offer. "A well-placed source tells me that the amount Darrelle Revis paid to Mark Barron in order to get Barron to give up No. 24 was - get this - $50,000," Lukas wrote on his website.
March 12, 2013
In 1979, when I entered Bryn Mawr College as a freshman, the most animalistic part of my experience was the cafeteria. Having been raised by an Italian woman, I was so used to good cooking that I'd already accumulated the "Freshman Fifteen" as a fifth-grader. Being forced to stand in line with strangers and beg for my morning granola was not my idea of freedom, academic or otherwise. Aside from that, the conditions of my life on that leafy Seven Sisters campus were essentially pleasant.
January 31, 2013
DEAR ABBY: Do women ever initiate sex with men, or must they always be wooed, cajoled, begged or persuaded? I have a fairly good physical relationship with my wife, but it happens only when I make the overtures. I am left with the conclusion that either the physical act isn't that enjoyable or I am not very desirable. If every encounter must start with me, and my wife can take it or leave it, is she just doing me a favor? Must sex always start with the guy, or can women demonstrate more overt interest?
November 16, 2012 |
Pennsylvania's colleges would need to meet performance-based targets to win new state funding under a recommendation by Gov. Corbett's commission on higher education. The proposal calls for "performance scorecards" that would take into account measures such as controlling tuition costs, opening access to low-income students and other underserved groups, and tailoring programs to meet workforce needs. Among other measures recommended for consideration are closing achievement gaps, on-time graduation rates, and contributions to the state's economic development.