Updated: Saturday, 11 Apr 2009, 7:52 AM EDT
Published : Saturday, 11 Apr 2009, 7:52 AM EDT
MYFOXNY.COM - Teens like everyone else are effected by the recession from how they spend money on social activities to their plans for college. This year, many will have to take a second look at the colleges they are considering just because the money their parents may have saved is not their anymore.
Good Day Street Talk examines the issue (video, left).
For tips on teaching your teen about money check out “Show Me the Money” written by Alvin Hall or get your teen involved with the Junior Achievement of New York. They offer financial literacy workshops in New York City Public Schools. For more information, log onto JANY.org .
Picking the Right College in a Recession
And for how to find the right college students and their parents should talk about affordability, and consider going to a state college. Also make sure you research all scholarships available to you and fill out a Free Application for Financial Aid (FAFSA). For more information check out Web sites such as Unigo.com. It offers you information about colleges from the students that actually attend the school. You may also try a education or career consultant at Dec-network.com who can help you find the right pick.
Summer Employment
If you’re looking for summer employment the Henry Street Settlement wants to help you get hired. Thanks to the American Recovery and Reinvestment Act of 2009, Henry Street Settlement will receive federal stimulus funds to support the 2009 Summer Youth Employment Program (SYEP). They have hundreds of jobs available in retail, law offices, healthcare, summer camp, and more. To find our more log onto NYC.GOV/DYCD or Henrystreet.org .