Tag: Expected Family Contribution (EFC)

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Ahead of the Curve: All About Financing A College Education

Thoughts from the news: Flip Side of Reducing Student Debt Is Increasing the Federal Deficit, New York Times, February 11, 2015—for every benefit, there is a cost Looking At Student Loan Defaults Through a Larger Landscape, Federal Reserve Bank of New York, February 19, 2015—student loan defaults are not only increasing, but also occurring earlier in …

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Wait…I Have Student Debt?!?

In a recent survey published by the Brookings Institute, current college students with student debt were unaware of the exact loan amounts, as well as what they’d eventually repay.  At $1.2 Trillion and growing daily, total student debt may be more complicated than we, as a society understand. Highlights of the findings are below: At a public four-year …

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Living with Mom & Dad?

Is the trend shown in the chart below, caused by the increase in student loans, as seen in the following chart? Charts Courtesy: Goldman Sachs Global Investment Research & Zero Hedge, October 26, 2014 Related PostsOh, No! Summer Reading!?! College Admissions Can Test Even Your Last Nerve A Growing Gap: Rising College Tuition vs. Income Student Debt …

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College Confidence?

The following chart shows wage growth (or lack of) 60 months into the most recent economic “recovery”, which is at the lowest point since World War II. Furthermore, the employment situation is no more rosy: “The bottom line is, we’re a million miles from full employment,” said [David] Blanchflower, a Bank of England policy maker …

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College Tuition Up 1225% Since 1978

As has been previously discussed, college tuition is increasing annually, and shows few signs of abating; however, at some point college education will be subject to the law of supply and demand.  As demand for college education continues growing – seen in each year’s record numbers of applicants, with total student debt growing beyond the record breaking $1.2 Trillion mark …

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The Bill Always Comes Due

An unprecedented $1.2 trillion in student debt has grown exponentially in the last several generations, showing few signs of abating. In less than one generation, college graduates have tripled their debt burden. According to the Wall Street Journal, over 70% of the Class of 2014 will graduate college with an average of $33,000 in student …

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Ahead of the Curve: July 5, 2014

Inspired by CMC Clients Advanced Placement (AP) Test Scores:  Students often believe that a score of less than 3 will hurt their college admissions competitiveness.  The belief is a myth.  A student’s willingness to challenge themselves academically by taking AP classes and the tests will be considered by college officials in the admissions process.  The score, …

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A $60 Trillion Inheritance…in Debt

Wishing a better life for our children is normal.  Actually setting aside our personal wants in favor of our children is more complicated in practice.  The next generation will inherit a record $60 Trillion in total U.S. debt—government debt, business debt, mortgage debt and consumer debt. (See chart below) Furthermore, the growth of student loan …

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Borrower Beware

Student borrowers aren’t the only ones defaulting on college loans… Chart source: Department of Education & Inside Higher Ed   Related PostsStudent Debt = Future Income Spent Today “I Forgot My Calculator for the ACT!” Grade Inflation is present and its effects may be more damaging then you think Reading Does Not Make You a …

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Why Winning Free Money Takes Effort

Scholarships are not mysterious.  Winning them takes work – which is only a continuation of the efforts to be eligible to compete for scholarships in the first place.   Related PostsCollege Tuition Rises and So Does Demand Is This What REALLY Happens in College Admissions Offices? The University of California Unveiled Brand New Application Essay …