Tag: Student Debt

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College Admissions Decisions: The Troll Underneath the Bridge or The Gateway to Oz

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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 …

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Student Debt in Seven Charts

Not all student debt is ruinous.  However, borrowing can be complex.  Loans spend tomorrow’s income today, and for college students, a promise of tomorrow’s income is spent to pay for expenses in the present day.  Understanding recent growth in student loans and the challenges of repayment can help potential student loan borrowers consider both the benefits and the risks before borrowing. …

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The Perils of Scholarships

To many parents, winning scholarships both rewards academic excellence and various leadership achievements, while subsidizing the total costs of college. Even though many high school seniors also desire the benefits of scholarships, many scholarships remain un-awarded. Understanding the timing of scholarship deadlines may explain why action doesn’t follow good intentions. Related PostsWhen is “Enough” Enough? …

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Wait…I Have Student Debt?!?

In a recent survey published by the Brookings Institute, current college students with student debt were unaware of the exact loan amounts, as well as what they’d eventually repay.  At $1.2 Trillion and growing daily, total student debt may be more complicated than we, as a society understand. Highlights of the findings are below: At a public four-year …

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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 Related PostsB.A. in Common Sense Denied and Qualified FAFSA Changes Release Date College Application Deadlines Making You Want to Scream? “Why Do You …

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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 …

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Why Winning Free Money Takes Effort

Scholarships are not mysterious.  Winning them takes work – which is only a continuation of the efforts to be eligible to compete for scholarships in the first place.   Related PostsCollege Selection: It’s an Imperative Texts from a College Admissions Victor I’m Only Here for the Old Brick Buildings Welcome to the New Adulthood Guest …

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The Skinny on Increasing College Tuition

Wondering why college seems more costly than in the past?  According to the U.S. Bureau of Labor Statistics, college tuition has increased 559% since 1985.  Over the same time, disposable income has increased only incrementally, which can create the perception of greater costs for each family. Related PostsNew College Freshman Blues? To Seek Tutoring or …

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Something’s Gotta Give

Two recent charts say it all. The first shows the average growth in tuition versus income over the past 35 years. As you can see our growth in income (United States only) through 1986 kept pace with the growth in average tuition (plus fees, room and board). Since 1986 our growth in income has not …