Tag: Fiscal plan

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“I Have Student Debt?”

[Sung to the tune of Heigh Ho from Snow White & the Seven Dwarfs] “I owe, I owe, so off to work I go…” Even though I remember singing this refrain in jest, Millennials, the current generation between age 18 – 35 , may not be so light-hearted. According to Bloomberg News in April 2016: A …

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The Middle Class Squeeze

In the last several years, our middle class clients are being confronted by flattening incomes and  college costs that have risen over 1000%.  More and more families are finding themselves not only planning to pay for college when their children are quite young, but asking for more financial assistance when their children are ready to …

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Does a Free Lunch Exist?

Here’s how to borrow $127,000 in student loans, only repay $87,000 over twenty years, and have the U.S. Government pick up the tab for the $450,000 still owed at the end of the repayment period.  [Notice the quadrupling effect on the total balance owed because of the interest that accrues in the two decade long repayment period? …

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The Modern “Starving” Student

College alumni often joke about days as a “deprived” undergrad, only eating instant noodles—fast, filling meals on a limited budget—like a badge of honor.  Growing numbers of today’s college students, however, embody the literal meaning of “starving” college student. According to the Wall Street Journal: In 2010, the UC [University of California] system added a food-security …

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Welcome to the New Adulthood

For most of us, moving out of the parental units’ house is the ultimate signifier of adulthood.  So, what’s the threshold defining adulthood for the growing numbers of 25 year olds, who live with their parents (even after moving away for college)? Since 2002, parental co-residence rates have only risen:   And, in 2012:   Related PostsThe …

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What a 99 Year Old Wall Street Trader Knows

Although Irene Bergman intended her advice for Wall Street finance types, her wisdom can apply to anyone in any situation.  Bloomberg News recently highlighted Ms. Bergman for her longevity in a notoriously competitive business, stock trading. We can all learn a lesson, if for no other reason, than Ms. Bergman has the weight of a century …

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The Practicality of a College Education

Presented in addition to last week’s post about what faces Class of 2015 Graduates… From Zero Hedge, May 31, 2015 Related PostsPeace Comes to the Old Dog Via The School of Hard Knocks Purposeful Failure What Trends in Public University Tuition Means for College Bound Seniors Why Teens Don’t Always Apply for Scholarships The “Inside” Track …

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Congrats, Class of 2015?

The Class of 2015’s graduation celebrations may be short-lived.  A graduation is often called a commencement, or beginning.  So, what can the Class of 2015 expect for their new beginning? 1) The highest average student debt of any graduating class in the last 23 years – $35,000 per student loan borrower. 2) In addition, a …

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Internships: The New Entry Level Job

Go to college. Then, get a job.  The old adage may have passed its time.  Now, the meme may be more like, “Compete to get into college.  Go to college; work unpaid internships every semester starting your freshman year, and each summer take more internships, then, hopefully, you’ll get a job by graduation.” According to a …

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The FAFSA PIN is Now the FSA ID

When submitting the FAFSA or Free Application for Federal Student Aid to apply for financial aid at colleges and universities all over the United States, parents and students have needed a PIN number as their electronic signature.  Recently, Federal Student Aid has changed the PIN to an FSA ID, which will serve as an electronic …