UNO Students Get Help With Finance - MavMoney.com Created By Students For Students



OMAHA, Neb. -- A new Web site at the University of Nebraska-Omaha is meant to keep students from making the wrong choices with their money. MavMoney.com was created by students, some whom personally know the danger of letting finances get out of control.

According to Nellie Mae, the nation's largest maker of student loans, debt grows the longer a student stays in college. The average graduate student has more than $8,600 in credit card debt alone, and students attending colleges in the Midwest tend to carry the highest amount, statistics show.

With those figures in mind, a group of Beta Alpha Si students decided to create a Web site to school their fellow students. MavMoney.com is full of tips students can follow to stay financially fit.

"Credit card, credit reports -- we focused on saving, helping students develop a budget," said co-creator Scott Bradley.

"I have about 42ish-thousand in student loans and I have a car," said UNO senior Andrew Suing. "Then, I have credit card debt, probably in the 10s right now. I just pay my minimum monthly payment. That's all I can do right now."

The site launched last month and has already gotten more than 20,000 hits. Bradley said he hopes that is a sign that students are reaching out for help before they get into financial trouble.

Freshmen at new-student orientation will be told about MavMoney.com in an effort to get the message to them early.



Source - KETV Channel 7