Today’s News: 1 in 3 Students Use Credit Cards to Pay Tuition, Senate Chooses Holiday Break before Pressing Bills and Goldman Sachs Wants Your Money

As college becomes more difficult to afford, a new report has found that more students are using credit cards to pay their college tuition. In other financial news, unemployment benefits will expire and other pressing issues will have to wait while the Senate finishes its holiday break and it seems that Goldman Sachs is looking for a new investment customer: you.

More Students Using Credit Cards to Pay Their Tuition

While student loan reform promises to make more student loans available soon, students have had to pay their tuition in the meantime, many of which have chosen to simply put their tuition on their credit cards according to the Insurance Information Institute (I.I.I.) and Sallie Mae. A new study from Sallie Mae reports that in 2009, nearly one-third of undergraduates finance college on their cards, as opposed to 24 percent in 2004. I.I.I. offers tips to help students find other ways to pay for school so that they can learn how to save money and manage it responsibly. (Insurance Information Institute)

Unemployment Will Expire While the Senate Takes Its Holiday Break

If you were waiting to hear whether your unemployment benefits will be extended you’ll have to wait until after Senate comes back from Memorial Day break. Unfortunately for some, however, benefits will expire on June 2 while the senators take time off. Other pressing issues like health insurance subsidies, a flood insurance program and Medicare payments will also have to wait until the break is over to be addressed, which could have a negative impact on many around the country. (Nasdaq)

Goldman Sachs Wants Your Retirement Dollars

According to Business Week, it seems that Goldman Sachs, the investment firm that is fighting an SEC lawsuit for misleading investors, is targeting a $2.7 trillion market with alternative asset funds. The firm hopes to persuade Americans to trust it again with their retirement money by offering new 401k plan asset funds like commodities and real estate, which the company asserts can increase a portfolio’s return and lower risk. It hopes investors will be willing to take a chance and look outside of traditional assets. (Business Week)