Presented in addition to last week’s post about what faces Class of 2015 Graduates… From Zero Hedge, May 31, 2015
Tag: College tuition
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…
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…
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
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…
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…
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…
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,…
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…
Borrower Beware
Student borrowers aren’t the only ones defaulting on college loans… Chart source: Department of Education & Inside Higher Ed
Who Can Afford College?
Presented with no comment. Click to enlarge Chart Credit: zerohedge.com
The Value vs. The Cost of the University of California
Recently, Janet Napolitano, current UC President, explained her view of the 190% tuition increase over the last decade, and how the UC system is trying to address cost issues for family: Until about seven or eight years ago, the state paid [more] and the university [through tuition] less. Now the percentages have almost totally flipped, so…
Tough Love
As regular readers recall, the news about stagnant American household median income is not a new story, more of an evolving story about how more American middle class families are adjusting to life with less income. Lifestyle adjustments are just one possible shift in American households. More often, I’m hearing parents ask questions about how…
College Degree: Gateway to Financial Prosperity or Not?
The chart below illustrates the number of college graduates since 2005 who are employed, yet earning at or below the Federal minimum wage of $7.25 per hour. As we discussed in an earlier post, the chart reinforces that more of today’s college graduates are underemployed, or working in jobs that don’t require college degrees. As we…
Rules of Dating…I Mean, Choosing a College
Open houses, admit days, and overnight stays for prospective students are like the blind dates of the college application process. No different than arranging and primping for the first date in order to make a good impression, months have gone into planning these annual events. Workshops are arranged, rooms are reserved, student hosts are trained,…