My little sister is 17, and my gosh, I don’t know when that happened. In another few months she’ll be trekking off, probably not too far based on how tied she is to my mom’s purse strings, to college all on her own. Since her parents aren’t made of money, she knows that she’ll be making[…]
I’m going off the reservation again. This is all stream of consciousness, so, I’m apologizing up front.
The other half and I got into a discussion the other day about college degrees. My contention was that college is not for everyone, and for many people it will just be a waste of time. He thought that I was being disingenuous because I hold two degrees and fully expect my younger sister to attend college, yet I deigned to say that everyone shouldn’t attend college. We won’t see eye-to-eye on this subject but, I thought that it was a good idea to flesh out this thought online. […]
If you’ve spent more than 2 days on this blog, you’ll find that I am BIG on education. I’m all for education as a means of both learning and wealth building. Traditionally, we have been taught that finishing high school and pursuing a college education is the way to go, but unfortunately, many people do not finish college and instead drop out.
Did you know that the U.S. has the highest college drop out rate in the world? According to a new study by Fidelity, 70% of the class of 2013 is graduating with an average of $35,000 in college-related debt including federal, state and private loans, credit cards and debt owed to family. Many college dropouts leave with debt that might be hard to repay. […]
According to the Pew Research center, the average cost of tuition and fees for private colleges reached $27,293 in 2011. At the same time the average student loan debt increased to a record $25,250 in 2010. You can buck that upward trend by trying to save money while you’re still in college.
I’m not going to recommend the usual suspects of applying for scholarships, getting a part-time job or even selling back your books since you already know that. Let’s try thinking differently, shall we? […]
Many graduates are so buried in debt by the time they earn their Bachelor’s degrees they are hesitant to pursue their educations further. Once they enter the job market they are hit with the cold truth of the Catch 22 of the American job market—it’s hard getting a good job without a Masters degree and once you get your Masters degree it’s hard finding a job that can pay off the debt.
Tuition bills and the costs of living seem to keep rising while average incomes continue to stagnate. So what’s the answer? Should graduates give up their dreams of working for a top-notch law firm or medical facility? Should they hunker down and work even-steven jobs in order to pay off their debts? This is a personal decision that each student will have to make on his/her own. Here are a few options to consider that you may find illuminating: […]
Few things are more exciting that knowing that you are seeking a brighter future with a college degree. However, it can also consume a great deal of your time, limiting the hours that you can spend working and making money every week. Even worse, your expenses on tuition, books, supplies, and personal needs are sure to pile up quickly. Therefore, it’s essential to learn how to save money as a college student. Many college graduates have learned the hard way, including yours truly, that their post-secondary education provides the perfect storm for racking up more debt than their new career can handle. […]
About one-quarter of students who took out federal loans to attend for-profit colleges defaulted within three years of starting repayment, according to a new federal analysis.
The 25 percent default rate in the for-profit sector, part of an Education Department report to be published Friday, was up from a 21 percent rate estimated in December 2009. […]