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...their services. Fund managers need to eat too. But many investors don't fully grasp what they're paying for and why. In a poll by MONEY magazine and the Vanguard fund group, only a quarter of those in the survey realized that the "expense ratio" is an annual fee deducted from a fund's earnings--and that it lowers shareholders' returns...

Author: /time Magazine | Title: Money: The Real Fund Rip-Off | 12/8/2003 | See Source »

...invest through a broker instead of directly through the fund company, you probably pay a load. To buy Class A shares, you often pay as much as 5% of your money up front before the fund company buys any stocks for you. Class B shares skip the up-front fee, but add an extra average fee of 1% annually and hit you with hefty fines if you cash out early, which proves more costly in the long run. "The whole idea of B shares," says Max Rottersman, founder of FundExpenses.com which tracks mutual-fund fees and costs...

Author: /time Magazine | Title: Money: The Real Fund Rip-Off | 12/8/2003 | See Source »

...proposing tuition fees, Europe is taking a page from the American textbook on how to fund universities. In the U.S., students have a range of options, from state schools that charge only about $3,000 per semester to high-profile universities like Stanford, Yale and Harvard, where a year can cost over $30,000. But many schools offer financial assistance, study grants or work-study programs, and most students end up taking out low-interest loans to pay part of the cost. England already has the highest public-university tuition costs in Europe - €1,600 per year...

Author: /time Magazine | Title: What Price Education? | 12/7/2003 | See Source »

According to Dennis Gaudet, this picture-perfect life can be yours—for a small fee. He promises a better life, with “virtually no concerns or problems.” He brags that he can help you get “as many truly great friends as you want” while showing you how to “have great time in life...

Author: By Diana E. Garvin, CONTRIBUTING WRITER | Title: Put Me In Coach | 12/4/2003 | See Source »

...services that we give at what they’re actually costing us. I like to say that the students pay for it either way, it’s just a question of whether they pay for it through their term bill or they pay for it through the fee for the service...

Author: By Elizabeth W. Green, Adam P. Schneider, Jannie S. Tsuei, and Scoop A. Wasserstein, CRIMSON STAFF WRITERSS | Title: Throwing a Curveball | 12/4/2003 | See Source »

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