When Richard Kline graduated from law school in 2003, he had $117,000 in debt and jobs in the legal field were scarce, so he took a job as a mortgage loan officer. Despite his hard work and a housing market that was just starting to boom, he was barely making a dent in his balances.
The promise of the American Dream has begun to fade, as college costs have now risen to such a level that for many they have become like unaffordable luxury goods. US postsecondary education costs have risen at a rate more than twice the cost increases in health care -- a figure which everyone knows is unsustainable.
Over the past two months, my team at Significance Labs has investigated how and why first generation community college students in New York City start to run into trouble. We confirmed that there are a plethora of barriers which prevent first generation students from earning a degree.
At the Netroots Nation conference this past weekend, I had the opportunity to sit down with Maine senate candidate Shenna Bellows. We didn't have a lot of time to chat, but I definitely had enough time to find out that she has a great and diverse background, and is an incredibly thoughtful person
At a time when all talk about the higher education bubble, I wanted to share the creative and artistic solution I've imagined to avoid the vicious circle of student loans... and maybe give others ideas.
Recent news that Florida is the first state in the nation to adopt the Council for Economic Education's National Standards for Financial Literacy is an encouraging development -- and hopefully other states will similarly follow suit.
Rather than working cooperatively with the new administration, the major for-profit chains went on the attack, alleging that they were victims of regulations unfairly aimed specifically at them. I do not know why they took this tack, but the result was to focus media and public attention on the for-profit sector specifically.
Given the high cost of student loan debt, it might seem crazy that I would prioritize saving for retirement over college funds. (Even more so considering that I work for a company that helps people pay off their debt.) But I believe in a holistic approach to debt freedom.
Maher has been calling on viewers to nominate and vote for the worst members of Congress for his #FlipADistrict Campaign. Once a "winner" is chosen on September 12, Maher plans to throw that member of Congress into the national spotlight and help oust them from office.
As I watch and listen to recent national conversations about education reform, I can't help but think about my family. My youngest sister Nikki teaches math at Pearl City High School, my wife Sami and I are products of public schools, and we send our two children to public schools.
Start saving for retirement today! While your kids may not like the fact that you won't co-sign for a student loan or even give them money toward college, it may be the right decision for you.
I was awarded more scholarship money than the cost of attendance, and as a result, received refund checks back each semester, totaling over $10,000 in the last two years of my college career.
This heist by the rich has finally drawn the attention of the media, academics and politicians. But the fact that their politics is also taking away the non-elite's access to culture has barely drawn notice.
We just so happen to live in a culture where bigger is perceived as better. But that not always be the truth, especially when you are considering taking on thousands of dollars in debt.
"Technology is the hope for many low-income students who cannot afford the more selective institutions. It's one answer to getting costs under contro...
My take-home pay is a little more than $3,000 a month -- and roughly 45 percent of that goes toward my student loan payments. When that much of your paycheck is eaten up, something's gotta give.