Be Skeptical of Colleges Providing Student Loan Assistance
USA Today reports on a popular new trend among pricey private colleges looking to compete with more affordable public colleges: promises to help students repay their loans.
Articles from Contributor
Is It OK to Walk Away From Your Mortgage?
In spite of the mild economic recovery we’re experiencing, the percentage of homeowners who are underwater on their mortgages — that is, they owe more than their homes are worth — has barely budged.
I Borrow, Therefore I Am!
A recent study led by Ohio State University Professor Rachel Dwyer yields a shocking, appalling, and mostly just terrifying conclusion: Many young people feel empowered by their student loan debt — and even by their credit card debt.
Demand for Student Loans and Car Loans Increases
According to the Federal Reserve, non-real estate consumer debt increased by $7.2 billion during the month of April, as consumers borrowed with abandon to buy cars and pay for college. Farewell, new-found thriftiness.
College Sells Rare Books, Furniture to Fund Operations
Lambuth University in Jackson, Tenn., has just 400 undergraduates and has been plagued by financial and regulatory issues for years. In April, the college announced that it would close June 30th.
Private K-12 Programs Decline in Popularity. Smart Move?
The United States Department of Education‘s The Condition of Education 2011 report confirms a trend that anecdotal evidence has suggested for some time: private schools for children from pre-K through high school are declining in …
How the Recession Changed Young People’s Attitudes About Money
Everyone knows someone who grew up during the Great Depression, and as a result, eats green beans out of the can and sews up holes in socks.
Should Housing Data Affect Your Stance on Homeownership?
The media is abuzz with analysis of the latest housing data. Many outlets are running with the “housing tanks” headline, Slate pondered the benefits of renting’s increasing popularity, and our own bleary-eyed real estate guru Ali …
College Offers Degree in Multi-level Marketing (a.k.a. Pyramid Selling!)
Mocking students who choose impractical majors is a popular pastime in the blogosphere; HolyTaco.com has a list of the Top 10 Most Worthless College Majors, with fields like Music Therapy, English Literature, and Latin landing on …
Half of Americans Can’t Raise $2K in 30 Days
A quarter wouldn't be able to come up with $2,000 at all, and another 19% would have to pawn or sell some of their possessions to do so.