We need to readjust the way we educate physicians. Young doctors need to understand money more clearly from the start (especially the $200,000 in school loans part). But they must also grasp the hypocrisy that tells them that medical businesses, like Pharma, are inherently evil.
If we spend the time working across the educational continuum, we stand a better chance of enabling more students to persist and achieve.
Families shouldn't be left in the dark about what they'll pay for college. With admissions deadlines rapidly approaching, here is what you need to know.
The smarter thing to do is perhaps focus on where loan defaults are occurring, not on how much the loans are.
If you happen to be a recent or upcoming grad, the odds are you have three things on your mind: jobs, housing and finances.
How do you "know" that the stock market will yield a better return than what your student loan interest rate is? You don't. But you can make an educated determination of how you might tie out after, say, a 10-year period, by doing your research and using your own risk tolerance as a guide.
You shouldn't make any decision, particularly a financial one, without seeing the big picture. If an inheritance is in your future, it's best to know it's coming and be able to prepare for it. This might involve some awkward conversations, but it's worth knowing what might be left for you.
A recent study by the U.S. Government Accountability Office indicated that "some 155,000 older Americans are now seeing deductions from their Social Security checks to pay off their federal student loans - up from 31,000 a decade ago."
Colleges and universities need to take the lead on this, and while there are some government restrictions on what we can do, there are some relatively simple things we can do that can make a real difference. The Responsible Borrowing Initiative at WGU is a case in point.
Peer-to-peer lending is one of the hottest trends in this new world of loans, and can change the way we look at debt -- particularly the crushing burdens of student loans and the growing expectations of post-graduate degrees.
In the middle 90's, "value" was the hot new word and every business was trying to improve its value equation -- which we operationally define as "outcomes divided by cost."
As high-school juniors and seniors start their search for the college where they will spend the next four years of their lives, they need to take a lo...
Officially, the recession ended five years ago. But there's something the financial newscasters don't tell you: Unless you're rich, those numbers don't apply to you.
Take a moment and try to remember a day during which you didn't spend money, check your credit or bank account, or worry about a financial burden. Can't think of one? Me either.
Fantasy makes great television and literature. It also makes poor public policy. Poverty denial molds how many conservatives, and even independents, understand economic deprivation.
Four months after my niece's graduation party, she got an email with a subject line indicating that she would soon need to start making payments on her student loans. Employed only part time and sharing a room in a small apartment to keep costs down, she was afraid to open the email.