We begin with an unforeseen impact of the trade war. It is hitting home in places you may not expect colleges and universities. Many foreign students pay full freight for college tuition. Now there are fewer and fewer enrolling. How are colleges coping . One school came up with a new approach to ensure its future. Tuition 101 is our cover story robert frank has more. Reporter as colleges and universities brace for a decline in the number of Chinese Students one school has found a solution, insurance. There are more than 360,000 students from china who study in the u. S. Every year a number that is now under threat as the trade war makes visas and jobs for chinese nationals harder to get. University r the university of illinois is prepared two years ago, a school bought an insurance policy that would pay out if there is a substantial drop in revenues from Chinese Students. The insurance was the brainchild of jeff brown, an economist Whose Research focuses on insurance and on Risk Management when he became dean of the Business School in 2015 he worried about a potential drop in the universitys more than 5,000 Chinese Students who pay twice the tuition of instate students. This was really from my perspective good Risk Management practice which is that we recognized that we had substantial exposure to a single country. Reporter brown and another professor who structures Insurance Products helped create a policy with 61 million in coverage equal to the Chinese Student revenue at the two colleges insurance pays out if revenues fall more than 18. 5 . We did a great thing. It was it was quite original. Reporter other schools have looked into getting their own policy but given the trade war it has become far too expensive Chinese Students at the university told us that beyond worrying about visas and political rhetoric they are more worried about getting jobs here after they graduate. It may impact my finding a job here because not Many Companies sponsor International Students. Reporter it is still unclear if the insurance policy will be triggered this year since students are still rolling in. Enrollment fell for the first time last year and numbers are still falling nationally they are still tallying the numbers whether they will initiate a claim likely not this year it speaks to how they were reliant on students from one country. It seems like there is a little bit of a truce on the trade talks, what is the impact on the students. Reporter the visa program is taking forever china has accused the u. S. Of weaponizing the program. So they will go through an administrative review that could be, quote, indefendant. Because of that uncertainty a lot of Chinese Students even though the trade war has cooled a lot of Chinese Students are going to australia and britain. I have mixed feelings about the situation. These are state schools largely funded by the state legislature and state taxpayer dollars when you consider that it is frustrating as a parent to realize there are fewer Seats Available now than there were 20 years ago because International Students are getting access to those seats. It is tougher to get into college. Many of these states, florida, new jersey, where the state universities, especially california are so difficult to get in, there are so few slots right now. Right. So there are a lot of parents cheering the fact that, you know, that some of these schools will admit less Chinese Students. I dont mean to sound xenophobic, but the schools are funded by state dollars. If you realize it is a business decision to take International Students that they look more attractive because they pay more, how do you come back in and say even the Playing Field a little bit the reason it is so attractive to the school to have Chinese Students is a lot of these schools like nyu, wharton are building schools in china as satellite businesses the more they admit Chinese Students here the more they can expand in china. It is about the bottom line for the schools, which is sad because it is supposed to be about providing education and especially at the public schools. At the state schools robert, thank you how are other universities handling the issue, Purdue Universitys president joins us now, he is also the former govern of indiana. President daniels, thank you for joining us today you heard roberts piece and what has been happening. I know that it was a few years ago that you really started to look at Purdue University, the number of International Students and planning to cut back why was that what did you see starting about five years ago we strove for more balance, basically. I wont say that i saw the current controversies coming but i felt that we had somewhat we needed more balance between american and International Students so we have been acting on it our Chinese Students for example, still a significant number but down about a half over those five years. How do you kind of strike that balance between looking to make the most and maybe get ahead in terms of what kind of profit you can drive on these things but also making sure that you are upholding your duty to educate the students of indiana. We think all the time about our duty to indiana. And a majority, a small majority of our students come from this state. But i would like to point out that we are in a brain game mode out here we think the indiana economy and the midwest economy generally is the economy of the future. And please dont overlook the opportunity when a student comes here, as half our students do from another state or another country for us to not only have benefit of the dollars they bring as students but in many cases about one in six or seven, capture them for our economy going forward. Mitch, you havent raised tuition since 2012 its been part of your mission to make Higher Education more affordable how can purdue do it. We have grown the faculty faster actually than the student body we have invested in necessary academic facilities. But by prioritizing that, we have kept it down. By the way, that brief has applied to other american nonindiana students and to International Students as well i am very interested in what illinois did i wouldnt be surprised given the other enrollment pressures that Many American schools are under that if enrollment insurance became more broadly used not just applied to international or chinese applicants. Mitch thank you so much for your time today. It is great talking to you any time, thanks. Mitch daniels again is the president of Purdue University he is also the former governor of indiana. Up next, we are on the money. Whether you are deciding to take a break in your career or looking to return to the work force, what you need to know to make that move. And later, are you credit invisible . What that means, how to fix it, and how to raise your credit score. Right now, though, lets look at how the stock market ended the week more than 15 million women who are working in America Today have children under the age of 18 and many are finding themselves caught between Job Opportunities and family responsibilities. It can be stressful to say the very least joining us right now is jennifer and stacey they are the authors of a new book called your turn, careers, kids, and comebacks, a working mothers guide ladies thank you for being here this is a decision i feel like most women have to make in their lives. Its tricky one and jen you launched a website aimed at women trying to make these decisions and trying to get back into the work force and do some of these things. You did it because of your own experience lets just say it was a rocky one. I am a labor and employment attorney i have been an attorney for 23 years. When i was really at the height of my career i made the decision to leave my career which i never thought in a million years i would do but like many women in this country i felt like i was so stressed so burnt on both ends of my life at home and at work and i just sort of put up my hands and said i quit. And i took a sevenyear career break. It was pretty i think we see a lot of women making these decisions on an emotional level. When i look back i think i was tired, stressed and i wanted to be in a more normal place. Stacey your path was a little bit different. A little bit different. You went parttime at the wall street journal. Lets talk about your experience. Like jen it wasnt something i expected to do i really loved my job and then i had a baby and i realized that i wanted to have kind of one foot in both doors and i was at a company that had a policy that allowed you to go parttime. Thats one of the key things and one of the things that we address in the book, extensive leave or policies that can help retain women then i started a business myself and came together with jen through au pray. We wanted to emphasize you can be in different stages, you can go parttime, run a business, you can have a fulltime career, you can break back into work force. I think about trying to process that information when i am pulled by both sides in middle of trying to make a difficult decision what kind of hints or guides would you give women thinking about doing Something Like this right now . I think you have to look at what your opportunity costs are in the moment. If you choose to leave your job what are the financial hits . Not only you are losing your salary, potentially a bonus, and 401k contributions you can think about ways to communicate with your employer, maybe there are small things that are changeable in what you do you can talk to the key stakeholders, your partner or spouse, anybody that might be able to help you get through what can be a short period of time although when you are in it you feel like it is never going to end. Jen, what about for women who have done what you did and said forget it im out of here. How do they get back in, especially if it has been years since they have been in the workplace. Number one thing, women lose their Confidence Research shows if you are out of the work force for even one year you have doubts about your ability to return and ability to be productive in the workplace number one, get that confidence back take a course, figure out sort of think about the time when you were in the workforce and how you were successful. Two, figure out what you want to do a lot of women dont want to return to what they were doing before we see that very often and the third and perhaps most important is network it can be on the soccer sidelines. It can be old colleagues, it can be people that you know from School Linkedin is a Perfect Place to do this networking thats how so many women find jobs again because people do want to help. Sure. And they are interested in helping women return to the work force. I like what you said about confidence pretend you are a man. They never seem to have problem with the confidence game right, ladies it is a please your to meet both of you. Up next on the money, whats your number we are talking credit score here why it is important, and how to improve it. Later, Holiday Season is rapidly approaching when to book your tickets before prices take off and when you can find the best deals and on stovetops for an amazing clean, get the power of mr. Clean magic eraser in disposable sheets. My mom washes the dishes. Before she puts them in the dishwasher. So what does the dishwasher do . Cascade platinum does the work for you, prewashing and removing stuckon foods, the first time. Wow, thats clean cascade platinum. I must admit. I had a few good tricks to help hide my bladder leak pad. Like the old tunic tug. You know it, right . But i dont have to, with always discreet. I couldnt believe the difference. Its less bulky. And it really protects. Watch this. The super absorbent core turns liquid and odor to gel, and locks it away. So i have nothing to hide. Always discreet. For bladder leaks. Want your skin to glow . Like woah. Try new b3 powered serum sticks and new overnight gel masks with b3. Cleanse with 5 in 1 daily facials. Get glowing, with olay hey. Hey. You must be stevens phone. Now you can take control of your home wifi and get a notification the instant someone new joins your network. Only with xfinity xfi. Download the xfi app today. Five years ago, Samantha Berry passed up the move from london to new york but there was something she left behind her credit score it didnt travel with her. Today she is the editor in chief of glamor, the online womens magazine samantha, thank you for being here. Thank you for having me. What happened, you were credit invisible when you got to the United States . I was credit invisible. But i am not alone, 26 million americans are credit invisible thats 10 of the population. What does it mean. It is terrifying. It means you are nowhere on the credit score your credit score is anywhere from 300 to 850. I had nothing. A zero. Why because i hadnt spent any time in the american Credit System okay. I hadnt had any lines of credit and it is really stifling because i was lucky i came to work at cnn. They helped me get a phone, and a lease, and all of you cant get a car, an apartment, cant get a house, you cant get a credit card . Nothing it is a real challenge for people that are either credit invisible or they are low on the Credit Rating. But the Credit System in america, you are able to it is a very of movable feat. There are a lot of americans that arent even aware of what their Credit Rating is four in ten americans dont know their Credit Rating at any time. Knowing where you are and how to move it could save you hundreds of thousands of dollars. You are paying extraordinary fees on some of the things you need to live what is a good credit score, a bad credit score and how do you maneuver a good credit score is over 690. Excellent is over 750 and the cream of the crop is over 800. There are certain things that will help you have a better credit score having more lines of credit counterintuitive, having more lines of credit where you can prove to the american Credit System that you can pay them back consistently. If i borrow money from you, i will pay it back exactly and different lines of credit. What does that mean, a credit card. I got recommended getting a car loan i live in manhattan, i dont have a license so i didnt need that but different types of credit. Only going into 10 of what you have in terms of credit to have a strong credit score. If you have a credit line of 1,000 you should be spending only about 100 on that and paying it back every time. I have to admit when they booked the editor in chief of glamor i thought oh, my gosh she is going to be talking to me about sex. How often do you talk about business and money in the magazine. It is huge for us since i started, it is a big passion for us Financial Freedom is the ultimate feminist issue. We think there are a lot of conversations leaving women out of the conversations around money and finance. We have done a lot we surveyed a lot of women across america and looked at where they stand in terms of money. Some of the disappointing things are we found out some women stay in relationships because they are financially struggling some stay in jobs because they cant afford to leave. We started this call to action which is that every woman should be setting themselves up in a good financial place in order to be able to leave situations and move on. Also breaking down the taboo we talk about in relationships people are much easier to get physically naked than to get financially naked with people. Which is true. A bit of sex there it is true we talk about people breaking down that conversation with your partner in your house in your family. I have this image in my head of what i would rather share with somebody. It is a good question. It is a good question, samantha thank you so much. I appreciate it. Thanks. Up next on the money a look at the news for the week ahead. And will holiday flights cost more or less this year . How air fares are trending and when to find the best deals. Did you know that feeling sluggish or weighed down could be signs that your digestive system isnt working at its best . Taking metamucil every day can help. Metamucil supports your daily Digestive Health using a special plantbased fiber called psyllium. Psyllium works by forming a gel in your digestive system to trap and remove the waste that weighs you down. Metamucils gelling action also helps to lower cholesterol and slows sugar absorption to promote healthy blood sugar levels. So, start feeling lighter and more energetic by taking metamucil every day. My bladder leak underwear. Orried someone might see so, i switched. To always discreet boutique. Its shapehugging threads smooth out the back. So it fits better than depend. And no one notices. Always discreet. Here are the stories coming up that may impact your money this week. On wednesday the Federal Reserve will make an announcement on Interest Rates after a twoday meeting. It also marks the 90th anniversary of the 1929 stock market crash that led to the Great Depression trick or treat, smell my feet, give me something good to eat. Thursday is halloween. On friday we will find out how many jobs were gained or lost in october as well. Also, apples Tv Streaming Service called apple tv plus is set to launch. Its getting colder, the leaves are changing and that means the Holiday Season cant be far behind it is not too early to make your Holiday Travel plans joining us with tips on how to save on those flights a representative from hopper the Online Booking platform. Thank you for joining us. Thanks for having me. Airline prices, do you think they are going to be higher or lower than what we paid last year. The good news is this holiday is going to be cheaper than last year if you can book in october or november, prices are lower than they have been in six years. This is a good time to get away. Why what happened . We are seeing an overall downward trend in airfare which can be attributed to a combination of things. One is that there has been a proliferation of lowcost carriers, which every time a low cost carrier enters the market the market goes down oil prices are a little bit lower. Airfare has started to become more ala cart. Basic fairs can be frustrating at times but it has brought the overall cost down. Thanksgiving is probably the trickiest time to get a flight, maybe the most expensive if you are planning to travel for thanksgiving when should you book before halloween if you can to get the best deal but the drop dead date is november 7th prices start to spike by about 10 every day. It is general advice it makes sense to start tracking your airfare specifically to make sure you get the best deal for you. What about for christmastime . We find the best time to buy christmas is also in october if you can make plans early thats definitely going to save you the most prices do drop again about two or three weeks before christmas. If you have to wait, you can also book before december 8th. Keep checking all the time, try to get your plans in and organized as fast as you possibly can and then cross your fingers and hope for it if you havent done it by then . Thats the general rule of thumb. If you can, like there are definitely tools out there that can help you, hopper is a price tracking app that keeps track of prices for you and sends you notifications when they drop so you dont have to cross your fingers, you get that sent to you. If you have flexibility, there are deal newsletters out there if you are trying to catch a good deal. Even sometimes your credit card if you use one you can go and see if there are some personalized deals for you. If i want to go somewhere over the holidays, maybe an International Destination that i am thinking about is there anywhere you see good deals this time of year yes, if you have flexibility i would recommend going for thanksgiving rather than christmas. It is a domestic holiday so demand to go abroad are low. Prices to london are down 42 . You have no friends or family go ahead exactly definitely the time to go for that and also, italy. Rome and milan are both around 600 round trip. Thank you thank you. Nice to see you. You too. That is the show for today i am becky quick thank you for joining us next week it is almost time to choose your health plan at work. Really again . Okay we are going to tell you how to navigate the options, everything from fsas to hsas, if you dont know what that means, you really need to watch keep it right here with us, on the money, have a great weekend. We will see you next week. We call it the mother standard of care. Its how we care for our patients like job. His team at ctca treated his cancer and side effects. So job can stay strong for his family. Cancer Treatment Centers of america. Appointments available now. Cancer Treatment Centers of america. danny after a long day of hard work. You have to do more work . vo automatically sort your expenses and save over 40 hours a month. danny every day youre nearly fried to a crisp, professionally vo you earned it, were here to make sure you get it. Quickbooks. Backing you. Happy friday everybody its time for options action. Here is what we have on deck for the show announcer coming up on the big show, carter worth. So, if i did google him what would i find youd find he thinks the search giant could be breaking out. All birds into final bounce mode. If you think the twitter bird lost enough altitude mike khouw has a safer way to take wing in the near term plus. My friends all call me x. But you can call it u. S. Steel and can you call him dan
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