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Deferred Student Loan Payments and Interest May Diminish Tax Deduction

Starting in March 2020, first former President Trump, then President Biden have automatically suspended accrual of Federal student loan interest, as well as deferred student loan repayment for every borrower. According to Federal tax law, all borrowers can claim a deduction of the student loan interest paid during the previous tax year. Yet given the…

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The Shrinking American Middle Class, Part 5

Caption: Jen Grantham/Getty Images/iStockphoto Although the causes behind the shrinking of the American middle class are complicated, the interdependent, economic relationship with the modern American educational industrial complex is not in doubt.  As academic achievements plateau at the average, middle class families are spending more funds to supplement educational experiences, like extracurricular activities. Additionally, greater…

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Trump Waives Student Loan Interest Until Further Notice

Updated: March 14, 2020 at 9:45 pm PST On Friday, March 13, President Trump worked to provide some fiscal relief for the 44 million Americans who’ve borrowed Federal money to attend college, including the thousands of college students attending colleges where normal university operations were suspended this past week: “To help our students and their…

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The State of A College Education, Part 2: The (Un)Fulfilled Promise of a College Degree

As I posited in Part 1, although an exact date is impossible to state, sentiment amongst college graduates is set to decline (as seen in the graph above), testing and possibly exceeding the 2009 lows. As the last of the Millenials graduate college this year (2019), many are disgruntled that the financial prosperty promised by…

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Is College the New Speculation?

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…

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Tuition Surging at California Public Universities for 2017-18

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…

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