While Mom always warns us not to eat too much fast food, Burger King’s recent offer may change her mind. Given the historically record setting $1.5 Trillion total student loan debt, Burger King is offering 301 of the 44 million Americans with student debt some relief–up to $100,000 for one lucky person and $500 each to 300 others. So, maybe…
Parents, no matter their net worth, readily take risks, if they believe their children will benefit. And, the risks parents will take know no bounds—as seen in those facing federal prison trying to guarantee a college admissions to those who go into debt to pay for extra-curricular activities. However, why are parents so willing to take such risks for their children?…
Wonder no longer…
As college admissions decisions are delivered to email and postal mail boxes all over the world, the decisions can seem to either validate or condemn a lifetime’s efforts. However, just as in Justice: What’s the Right Thing to Do, where Harvard Professor Michael Sandel hypothesizes a straightforward college acceptance letter, the truth can be more layered: In the arms race of college…
University of California (UC) and California State University (CSU) students will pay more tuition for the 2017-18 school year. For the first time in six years, both the UC and CSU boards have approved tuition and fee increases. At the same time, Governor Jerry Brown proposes to phase out the state-sponsored Middle Class Scholarship program for students starting college for the first…
[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…
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…
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? ]
Middle class families can sometimes feel like this: Cartoon credit: Americans for Limited Government, 2015 Especially when considering the annually increasing tuition, and other costs for a college education:
