Are your college classes being outsourced to adjunct professors who get paid a fraction of what a full-time tenured professor gets paid? The answer for most students is yes! But where does that extra money go?Read More
Will college pay off for you? Maybe... You can't actually be sure! But you can get the information you need to make a wise decision. Thoughts from Peter Cappelli's book, Will College Pay Off? A Guide to the Most Important Financial Decision You'll Ever Make.Read More
A recent article published at the Washington Post claims that education is not a commodity, and cannot be financial analyzed in the same way as a car. While it's true the value of your education depends on a large part on what you put into it, students still have to make the decision carefully, or they risk being burdened with debt that keeps them from achieving their goals.Read More
Some reports claim we will run out of college graduates, while others highlight the dismal fate of underemployed and underpaid grads throughout the country. Part of the problem is there is an oversupply of college graduates in specific areas, and not enough in others.Read More
Nearly 50% of students underestimate the amount of debt they have taken on, and 14% of students with loans believe they don't have any debt whatsoever! It's no wonder the amount of student debt in the U.S. has escalated so rapidly, with college costs rising sky-high and complicated financial aid forms leaving many students with more debt than they imagined.Read More
Student loan debt is a fact of life that most graduates have to live with. In 2013 about 70% of college students graduated with debt, the average being $28,000 per person. Most students are able to pay it off in a timely fashion, with the standard repayment system having students pay off their debt in 10 years. However, some students have exorbitant debts, and are also underemployed, making it nearly impossible for them to follow the ten year plan. This debt can follow you into retirement, and those who are in default will get their social security benefits cut. About 2 million Americans over 60 have student loan debt. In 2013, 155,000 Americans had their social security or disability benefits cut because of student debt.
This news is troubling and may indicate that borrowers are not aware of their options when it comes to paying back their loans. Student debt is almost impossible to dismiss through bankruptcy, but borrowers who can prove financial hardship can qualify for an income based repayment plan, and even be forgiven for the remainder of their loan after making payments for a specified time period. Learn more about different repayment plans here.
For more information, visit StudentAid.Gov.
While both employers and college students value the same key skills, college students tend to overestimate their abilities at work. An internship may be crucial to prepare for career success.Read More
As more and more students obtain college degrees, they become more necessary to get a job, as well as less valuable as an indicator of special skills. Where will that lead higher education in the future?Read More
While the average salary of a college educated worker greatly surpasses that of high school educated worker, college graduates in the 25th percentile are doing no better than the average high school graduate.Read More
The advice to "follow your passion" is often blindly accepted as the key to success and career satisfaction, but is it advice we should be giving? Mike Rowe of "Dirty Jobs" does not think so.Read More
One way to measure the value of a college degree is through money: how much you pay for the degree and how much you can make after you graduate. However, there are many other benefits to higher education including better job satisfaction and increased health.Read More
Is college worth it? Despite many studies pointing out that average salaries of college graduates far outpace those of non-graduates, not every student will see the same economic gains. College success depends greatly on students finding an affordable choice and choosing a major that is a good fit for them.Read More