G20 finance ministers aim for more growth

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July 23, 2013 by apicomely

(AP Photo/Alexander Zemlianichenko) View Larger Russian Finance Minister Anton Siluanov speaks on a phone as he attends a group photo ceremony after a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. The finance chiefs of the world’s leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas. (AP Photo/Alexander Zemlianichenko) View Larger From left, Central Bank Governor Jens Weidmann and German Finance Minister Wolfgang Schauble attend a group photo ceremony after a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. The finance chiefs of the world’s leading economies hope to force multinational companies to pay more taxes by closing loopholes that have allowed them to stash profits overseas. (AP Photo/Alexander Zemlianichenko) View Larger Russian Finance Minister Anton Siluanov, left, speaks to Russian Labor Minister Maxim Topilin at a meeting of the Group of 20 finance ministers in Moscow, Russia, Friday, July 19, 2013.

Moms and dads getting smarter about how they finance their kids’ college tuitions

Total borrowings in 2013 were $5,760, up from $5,551 in the previous academic year. While families strongly value college education, schools that are deemed too expensive are being cut from students’ lists. As much as 67% of families eliminated colleges at some stage during the application process, up from 58% in 2008. Overall, parents are fretting less about the economy then they did at the onset of the recession.

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