The best thing Republicans had going for them in this election was the fact that they weren't in the same party as President Obama. But it would be a huge mistake for them to act as though this was an endorsement of their policies -- a mistake they seem likely to make. A mistake that seems destined to be part of the 2016 Republican autopsy.
Public Service Loan Forgiveness is an invaluable tool for retaining lawyers for long-term public interest careers and closing the justice gap. It is not the cause of high law school tuition and it is not making law students willing to borrow more.
One of the best-kept secrets in the college admissions process is the fact that tuition sticker prices rarely tell the whole story.
Investing paired with smart personal finance skills, like budgeting and tracking expenses, is the fastest way to wealth. The earlier you get started investing the better.
You may have missed this story about a radical new approach to the the student loan issue. Yes, we are swimming in so much news and information at times it can be hard to keep track of it all.
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."