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…
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…
“Helicopter Parenting” has become a norm, which can delay adult children taking responsibility for themselves. More colleges staff are now sponsoring a PTA-like “College Parent Groups”. Adult children can also tie themselves to mom and dad; some request editorial advice on college papers through Google Documents. And, as no parent wants their child to suffer,…
Often students earn college degrees to increase their likelihood of future financial stability. Yet, as college costs are rising, students and their parents subsequently are borrowing more to earn said degree, thus students “spend” the equivalent of a few years’ of post-graduation wages while parents may delay retirement, the question is, “Is college worth the…
Rumors are circling and the internet is again buzzing with controversy about the August 25, 2018 SAT Reasoning Test. The College Board is accused of “recycling” the August 2018 SAT from a test or practice test given in China and South Korea in October 2017. A recently deactivated Reddit thread posted an answer…
Wonder no longer…
Testing is not the be-all and the end-all, said James G. Nondorf, U-Chicago’s dean of admissions and financial aid. He said he didn’t want “one little test score” to end up “scaring students off” who are otherwise qualified. From The Washington Post, June 14, 2018 On June 14, 2018, the University of Chicago’s John W.…
The late winter run-off from 12 years of school melting during the latter half of a high school senior year can create an emotional flood. A confluence of Senioritis and waiting for college admissions responses quickly overruns the levees built during a senior’s youth-limited life experience. Seniors decry, “When will I hear from colleges?” or…
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…
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…
[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…
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…
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…
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:
