Federal student loan interest rates, the cost of borrowing money to be paid at a fixed rate over the life of the loan, are set by adding 2.05% for undergraduate loans to the 10 Year Treasury Rate after the last May auction each school year. [For the upcoming 2021-22 school year, loan interest rates will be set after the May…
Applying to college isn’t simple. Metaphorically, choosing a college can be like an arranged marriage—parents are involved in the choosing process, lifelong expectations are being weighted and future prosperity is being forecasted. “Dowries” are paid in the form of tuition, room and board, books etc. Students seek a college that’s the “right fit“, dating campuses on tour after tour…
The FAFSA or Free Application for Federal Student Aid, the government form required to apply for financial aid at any U.S. college or university, will be released on October 1, 2016. The October date is a full three months earlier than previous years, when the FAFSA was released on January 1. What the earlier release date means: Families will use…
[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 new survey conducted online in…
A new report from the Economic Policy Institute shows that in multiple states, childcare expenses are greater than college tuition…
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 enroll in college. With families…
The stress from the continuous reduction in state funding over the last decade has finally come to the University of California’s flagship campus, Cal Berkeley. The Washington Post reported on April 13: a workforce reduction of about 6 percent that comes as the prestigious public flagship is moving to erase a large budget deficit. In February, [Chancellor Nicolas] Dirks had…
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 question to its biannual student…
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:
Presented in addition to last week’s post about what faces Class of 2015 Graduates… From Zero Hedge, May 31, 2015
