Title: FAP928: What’s ahead for your financial aid future

" And interview with Maria and evangelists seamless and on the economy and what's coming for you and your financially in the next year or so on today's financially podcast episode 928. Yeah."

" Financially podcasters publication of the student. Didn't he stop by the web site. ITunes into music by Charlie -- the biggest heart and."

" I'm speaking today with Maria seamless and evangelists -- the Chief Executive Officer and chief economist you forecast dot com. AM business forecasting economics firm now welcome to the show both of you."

" Are you aren't there."

" Because for a before we get started. Give it favors its future selves to the folks who listens their idea of who you are what you do."

" I am minor break learn them this fool don't eat or cracking that come. And -- where we are and economically urging consulting firm faith in -- Hampshire. Our business I think I -- our -- product and Eric says. I'm a product strategy we have unique economic indicators. That we felt the client will form our record. And restarts and then on the third inside our rule. Are engaging consulting project where we help company side providing -- they think they -- and -- have -- and I think part. And that's to industry that we do haven't been thought the primary semiconductors in the hotel industry. And -- conductor industry we have our monthly you know leading indicators are that me. Are published globally who -- the hotel industry we have our partnership with the cavalry church and at your global. And with them -- that hotel markets are asked for a fifteen national market and are now are working on the left."

" Now I'm -- Some folks posting probably wondering why in the world -- financially podcasts but a lot of economics and we'll talk about applies to just about everything and a lot of lead off with probably the biggest most obvious and most contested question all his. Is this this recession hasn't -- set but is it over how we have we hit bottom or what's going."

" I'm actually wearing uniquely suited and -- question our firm had a US monthly EP hearing African. We've gotten quite -- are on the ironic that knee or their -- into my hearing that it. Government really -- quarterly and that will actually have. Monthly ethnic and EP that come out sooner than the government estimates. With this higher frequency look at GDP that we actually are saying that the last month -- respect live. Look at the report here and you. Yeah and there we're kind of recession ended in June are -- that eight point frank thank and the -- months old and an I guess our ethnic and the Atlanta or -- back. Okay so does that mean the recession over. Or a river in a car that it ended in tune arm and the -- that. -- eating committee are being inspections of the apartment once when they think it -- and back. We're gonna say the you can corridor Virginia error that. Second quarter you connect."

" Okay now so for folks who are looking at paying for college for folks who are looking at. The loss of one -- or two incomes not and we. How soon is this going to to be seen on main -- house and will this be seen -- in your wallet. Are."

" It's going to pick a lot of time to court could -- very deep. Obviously session in another feature movies. There are not completely new form. Are you -- look look -- work there along with -- hard they're convinced chemical. This session will replace. If he gets to go so whenever there are not consistent and more. There are additional partners. Are in central part in them you have -- financing. On their farms. It takes more I'm you can -- armed group vindicates our little hearts."

" Okay when you say a lot of time we talked about six months a year two years how long. Is a lot of time I think so."

" Now you may pay a fortune good times -- next year it may get EM don't click yes so the on the -- great are -- in La. -- normally go Obama and we may not you they still aren't percent unemployment. Or sever years."

" will speaking of that. August I know we hit nine point 7% unemployment. Officially and then for under employment folks who had two take part time jobs or who have Obama the workforce. We -- around sixteen point 8%. Where's unemployment going is is it close to plateauing there do we still have some some risk for families who were you know we're worried about the future."

" I we have we -- unemployment are are joining and staying around nine point 7%. Are the worst month ever actually have a monthly forecast for you where are -- looking here. We -- November being aware monthly nine point seven I and then there are telling and then starting to improve armed and during the winter so we don't see it. Ever reaching -- that --"

" When do you think you'll see you'll start to the first decline will be as they do at the end of next -- he said or will you see a little bit of down Arctic throughout the intent."

" We're looking here in the grabbed the -- the kind of I'm flying around that. About the nine. -- between nine point 75. And I'm -- fifteen and then January 2011. -- bad. Eight point nine side and then -- down into that and or the beginning of 2012. And that -- desperate and a better about the."

" Our. Focus he really talking about. Almost four years from the summer only to the summer of 32 where to get back down to around that. That high six -- 7%. Unemployment rate. We're -- are now. In terms of in areas of the country being hardest hit and no -- right now he see you at the Michigan and the industrial midwest being hit particularly hard BC some parts of the the south. Hard we're we're gonna see the turnaround first in the and we are we gonna see along this week for some good news --"

" Yeah user community that states. Are they kept current pick in Disney's armed of them being he wants to get our lives our -- behind me. Because then -- Martha and -- do I move. Since they're technology at one point 90 you did not let me. And the -- the plot to Dean Pees their hard work you just need. I saw thoughts are important in order to learn from their high tech industry. British student would find remarkable news. But I black and they're crying now instead of a sex or even necessarily say -- where Ortiz. Products in that environment to an eighth it may take longer."

" So pure so you're 88 college senior right now you are you have an eight degree and you know. For the most part most bachelor's degrees they're moralists. The same at least in terms salary hiring thinks. And you are gonna be thinking about getting a job right out of college. In any -- in a standard business to -- or whatever. Where should you be looking regionally coming you know you're graduating in May and -- next you -- you be looking for the best prospects for. Getting a good start. On your career is is it just a high tech -- is like Massachusetts and California. Are. Or do you see some opportunities the only two people who are looking at the big city is should -- be looking. Smaller towns where they be looking too good to make that first step of the workforce."

" What your your -- around. And the suburbs paid program or that repaired errors. They want them confirmed amendment you're about who we hear more admirable and your job. Your expectations of a virtual ward wouldn't go our year. Who -- her remarkable reverend mobile experience. -- remarkable -- needs -- requirements. Again this is something unique about the market and where they've more or market the way we need. You scored compared her sentence again you energy. Alternatives are so records it will create some opportunities. All of the same time. But ordered. Used more -- various in other words it's. No water -- Our orders -- continue to be intimate pure and it's certain -- salt. For some time here we are part of movable people aren't permanent sources."

" Let's move on in to -- some of the more of the financial things one of the areas that has been the hardest hit this and we've seen it so acute a student loan network used in consumer credit. Both lending to consumers in terms so who's been approved that consumers are worst -- and also. The amount of credit to fill out financial institutions. It has been shown. I think. I have a lot of market -- that consumer credit is continuing to contract meaning it's harder for people to get loans. When do we seen this part of the economy turning around."

" Why no clear starter Kirk reached an all. The -- ma over made -- problem. -- birth then use that bears her Vieira. Ball longer form or sorry Olbermann and -- mean in other words -- pronouncements. Or urged them to become critical to long now and there. Our creditors -- he didn't attempt to cool. I'd get in -- on the other. The boot order is -- Herbert consumer. Look we didn't work spend. Themselves in new -- bears earned their first experience so you started your group arms yeah wherever confident over -- over -- century. Image -- and the very least we see an increase in savings. -- NN dot we'll pick some iron to grow weary. That would make it very courtroom you know who -- already part of the beginning record when -- from humorous and there's more there would be less of a certain of their -- or the theater is local votes -- bids are looked completely. In the servants they're very. -- you going -- could send more political through -- for a sprained. There or there. And where things are often more call for pro -- of their. And more call for the -- Who need them to come Brock who -- kind of -- sprinting door we have seen their -- They're not a huge early -- There are good humor. Or even more wrong Bloomberg -- who -- always. The producers from them or in decline. You non. All the consumer so of the boat and use your in Scotland the pop up from now -- maybe burn the copper gold being you know another. Recession -- the overall number of your Kamal one expects to recover corresponds to me around the problem. -- order ball oral part Europe's. An increase in our properties that are humor couldn't do it and then we're on number. All are reading -- and these are here are our goal. Would -- be crimes of the observed bale would give him in the five years of declining. You -- on -- caller before an apartment Milan or recession. What -- wrap all in a decline now. And I let you want to include a movement and chopped in the eight do you want me and recession -- from the -- ball. Born here of all big -- here. I saw this up and you are the prime numbers he. Now your anger -- in New York the big union drinks. Are good or use our report on big ball on the very front and we. We heard of these -- do -- don't worry booties and don't use drug. From the previous mom. Christian behavior here. -- so long but has not undue burden to remember of the behavioral. Who could -- all. And don't quote him consumer -- There --"

" We'll talk about a bit and have been about the banking systems and it came up. We know that on Friday of last week course banquet shut down by the FDIC. The do because it was the 92 or 93 bankrupt this year shut down. For folks are wondering about to have the safety of their money you the FDIC is obvious simple cover everything but it's still a bit of -- transition how. How stable is the banking system itself how how it -- and and it's how comfortable are banks feeling now about extending credit or reducing. The credit restrictions the -- now to get to I'll just -- any -- even student loans are very great."

" I'm saying. You know in Denver here's here's the -- here call their their -- are here. Did you compare it won't come from vertical restaurant long throw we almost are -- currently marketed. You remember you know market that's probably aren't temple Brian -- from -- blog on purpose demean the urban garden. Now that already have market needs and problems abroad have been explored the commercial and long -- that he can. Once you go Bob go down. On the maybe more -- go to -- There -- session as we know both war and the more we thought we deplore looked indigenous. Yeah amber at least reliable -- the beauty -- and did you -- the barn burner homer Simpson's fate. So that's what nerve or observed not all. I mean who weren't. Both -- in novel than we series berth but can seize them longer hours and in but I will not live abroad and sees them Gordan lyrical refs."

" Do you think it is our biggest shock -- we were with but I residential house into the commercial lending. Is gonna poses as big of a systemic risk and there -- should people be worried about. What's gonna happen with the a creepy essentially of what happened last year -- and arm."

" There are in various is that we should order our lives would be this way brought. They have a good experience now we better consumer -- and I don't think that it would be an article Brooke McCormick approximately. -- again. So we should glory however. Brought I don't completely broke the government would probably hurt you in woo -- Loverboy. Very negative consequence you all of -- commercial market. But help it is our he's going to -- Burton the brunt of what a life."

" Because the commercial market comparison to the residential. Hub market which rilya -- gave us all a pretty bad beating last year."

" Right EU. And try to remember what them opportunities that spoke to prayer. Yeah you have children. Sorry it's not told that box would mean a drop of -- gone over. This is not a -- barking -- Denver Houston problem but there are some brought up the whispered you're right in wheat crop in our -- appropriate use. More -- obvious more Brock and number can't install. Source probably don't want to bring in --"

" In terms of charitable organization so one of the biggest that we focus on of course are all the different agencies throughout. Government funded to private just organizations that fund scholarships among them things that we are we seeing. A net about 7% decline in -- in the amount and number of scholarships being given do you have any feeling any indicators on the nonprofit sector him and especially charitable giving organizations and how they're fair."

" I don't -- figures are very now. -- on -- is not are we there -- recession. Both word here green and baker -- call -- Tom. Well Graham a local record -- refused confirmed appropriate forbidden city a nor shall there are world. In terms of our duration. Of their work -- You for a correctional blossoms. Are -- to bookmark that our new bin. That would they'll beat you you know Roman team. There is that you're doing their crops. However there's we all are reputed simple that are wonderful. You did you just includes. Are there for him or server or there's. I scared her -- Crime whoever and who picks and I'm corporate border and that is known for being -- in -- you -- you or whoever. Are Gordon murders most of these these smaller load very. Stock market we're not. And the four million. Yeah earlier mistakes but I excuse stop. Org there's probably learned in as a consequence of Britney these users spark but -- excuse. There were probably didn't -- there's -- increase in earned her more produce important. So my own a home like going to use this is not from here is her. It's of the trooper Brian impeachment compartment Ballmer. But smoke and we're not attempting to -- not to run you know problem -- with the -- the pro or movie or crimes."

" It what you want some practical stuff so we talked a little bit about the graduate high school record college seniors in terms of workforce to. For that seems to what should be their the era -- personal economic game plan obviously wanna get a job well college but given what you know. About leading indicators that are happening at the time spent in leading a lagging indicators like jobs. What really should be the priorities focuses on that public graduating student."

" And its partner or partners agree there are rare birds are. Mining and viruses and recover our guards are. But progressive school Dartmouth -- and support in the program but will be some pop in Rome made their -- standard and started to hear them. So are not aware of that are here -- beautiful you're comported dropper become our streets. At this point outwardly import market for -- that -- similar marijuana. Are preparing your former U heroes. And blue union versus. Good education. -- Or no clear the -- let's all the things can turn around what are you -- former owner you know Guillermo Romo. -- Harder to meet the liberals all burgers are nervous that brought in me over -- announcements assistant general. Isn't poultry. Or Portland he can be carried before they're businessmen here. Disregard -- with the horns moved there are so many impunity you. Many years of experience -- importance -- throughout. The director of the business that you're. A bit of -- number thirty. Understandably -- at this point. Our -- my -- viruses so people aren't. Don't be selective. And so replace them. Learn the program. I'm going to find the -- in New York whoever we're going to be. Let them find the drop in the burgers number where we are just -- there are different from our -- why you weren't there. --"

" Okay pellets switch gears to CB you're average parent of Greece student. You know. Who's probably in their mid forty's so clear their first child -- that what their children are in -- you're going to college. What's their game plan -- olds -- to have a job or what should they be doing you know where is -- the priorities towards saving the prior used towards. Trying to pay cash out of pocket to the college would avoid incurring debt how do you how does the the average. College parents -- even next year to."

" Are and his foreign minor part is to borrow -- and report very sort of spirits are murdered at all. -- being from your security there and there are programs and over long term -- No not a -- liberal Marin marriage are barred them -- and when you're from Laura Martin of 1%. It's sort of whom you're someone Mannesmann. They're great start -- And there's your run for a couple million that the many appear."

" Okay so for example in a lot and for example private student bonds right now typically are usually Libor plus. Three year prime plus zero prime plus two. So you'd see that -- private student loans can get prime plus two is is better than tap annual savings."

" Ball all over her sentence -- Are more or -- or various have been lost or are ever been murdered Robert -- a lowly third street press report here you go. Integrated stern need for more mind you. Note to Bora eight remember sir dark horse looked burn center mercy of their import order you can relate to do. There have been long -- government bills they're building."

" Will actually do bear fixed there's there are locked in its six point 8% for students eight point 5% for parents right now. Fixed rates so. Yeah if you could give -- let's let's put another way Tom. A private student loan if you can get a private student loan non government. Educational for crime plus zero or plot prior post -- would be puts you one point 25%. What's the outlook for things like prime and Libor in the next multi team months and he -- or they'll. You've been moved me to three years out there are real it's gonna -- he -- of sort of we will they are right now because who if you if you -- Katrina. Plus loan eight point 5% and a private student loan that 2%. That's not the victim math degree to figure."

" her. And -- current goal our our report card Burke who how workers are a bit. The corporate would be -- inflation down bro. You remember Barbara marketed. How fast you see them going up you know and he feeling that. Part of next year or any other problem where you can in new -- very sometime -- You do. All. Are. There -- long term inoperable brain. -- Never. A -- we're -- Who start and 6%. I think they're. The two series that we be looking at with the ninety Wendy Libor and minority treasury. Are we have congress they month he's done a hundred the great. Who lyrics -- patient who. In here. -- they're an Angel or apartments and and so he built a nine to a they keep all around five."

" February. And then now. More from very will be there are renewing American -- environment. Saw me somewhat -- very involved in the tricks today. Now for -- next year are you going to -- appeared. From their role one very big part here. It."

" They're great. If you have any final thoughts aura of things advice you'd give either students or parents says the as a triumph and for the."