Adding weight to the mounting pile of evidence against for-profit institutions, a new report from the National Bureau of Economic Research finds a grim future for students who attend for-profit schools.
student loans
Student Loans: A Call for Creative Solutions
Universities raise tuition faster than the vast majority can afford. That leads to more government grants and government and private loans, which flow to universities. They then construct lovely new buildings, largely on the …
Talk About ‘Old Money’: Old Folks Got Richer, Young People Much Poorer Over the Years
We’ve all heard of how the rich have gotten richer over the past several decades—the “great divergence,” as it’s been called, in which a small portion of the population has garnered an increasingly outsized percentage of net …
College Graduates Face Record-High Debt In the Age of Record-High Unemployment
The news just keeps getting worse for college graduates. According to a report out today from the Project on Student Debt, college seniors who graduated with student loans in 2010 owed an average of $25,250—the highest level …
How to Calculate the Real Cost of College
Can Income Based Repayment on Student Loans Save the Economy?
Virtually everyone in this country agrees that an uptick in new business creation is essential to solving our deep economic and employment problems. Unfortunately, there’s a huge obstacle standing in the way: U.S. graduates owe …
Obama’s Student Loan Plan to Offer Welcome Debt Relief
In a move sure to be popular with recent college graduates, the Obama Administration released details of a plan Tuesday that will ease the burden of student loan debt.
Scariest Student Loan Debt Numbers Ever: $100 Billion, $1 Trillion
For the first time ever, the total amount of student loans taken out last year in the U.S. topped $100 billion. And sometime this year, it’s expected that outstanding student loan debt will hit $1 trillion—also for the first time ever.
Struggling for Investment Answers? It Helps To Reframe The Question
Tom ran a public opinion survey a while back where some of the respondents were asked if they believed they could save 20% of their income. Only half said yes. But when the other respondents were asked if they thought they could …
Save for Retirement or Pay Tuition? Most Parents Are Making the Wrong Choice
With all the hand wringing over the high cost of college and amid an increasingly loud debate as to whether the expense is worth it, parents by a wide margin see saving for tuition as equally or more important than saving for retirement.
New Sallie Mae Book Offers Advice on How to Pay for College
QuitAssist is a website Philip Morris offers to help you quit smoking the cigarettes that they sold you in the first place. And there’s Mohegan Sun’s Responsible Gaming hotline, which helps gambling addicts who throw their money …
Student Loan Delinquency Rate on the Rise
If you believe conventional wisdom, student loans are “good” debt: They’re safe, lead to higher incomes, and generally pay off in the long run. The problem is that an increasing amount of evidence is showing that this thinking is distinctly unwise.
