Student debt and dead-end jobs have put many young Americans in dire circumstances outside their own control
Once upon a time, we invested in our young people so that they could enter the world without debt. Now, we turn them into deadbeat debtors before they're old enough to legally buy a drink, left far behind their financial betters.
The truth this week came courtesy of the Consumer Financial Protection Bureau and...Read more.
Some colleges have higher default rates than graduation rates, proof that we should evaluate institutions' risk as well
The question of student loans is taking on an increasing urgency everywhere but Washington.
Rates on federally subsidized loans doubled to almost 7% on July 1, thanks to Congressional bickering and dithering. The latest attempt to roll back the rates failed to get out of the Senate earlier this week, when sponsoring...Read more.
Some colleges have higher default rates than graduation rates, proof that we should evaluate institutions' risk as well
The question of student loans is taking on an increasing urgency everywhere but Washington.
Rates on federally subsidized loans doubled to almost 7% on July 1, thanks to Congressional bickering and dithering. The latest attempt to roll back the rates failed to get out of the Senate earlier this week, when sponsoring...Read more.
The current student loan set-up is not good for our long-term financial health, as a generation in debt weakens our economy
Last week, Senator Elizabeth Warren debuted her inaugural legislative effort, a bill intended to stop the cost of federally subsidized student loans from doubling from 3.4% to just under 7% on 1 July. Warren's solution? A one-year temporary fix that would allow students and their parents to borrow money for...Read more.
Why is NYU loaning money to star academics to buy vacation homes, at a time when its students are struggling to pay?
As is quite well known to many who follow the student loan foibles, New York University has, as they say, some problems.
NYU is one of the most expensive undergraduate institutions in the United States. Tuition, room and board will cost more than $64,000 for the 2013-2014 year. Financial aid,...Read more.
Why is NYU loaning money to star academics to buy vacation homes, at a time when its students are struggling to pay?
As is quite well known to many who follow the student loan foibles, New York University has, as they say, some problems.
NYU is one of the most expensive undergraduate institutions in the United States. Tuition, room and board will cost more than $64,000 for the 2013-2014 year. Financial aid,...Read more.
It's no longer enough to be willing to work for free – now you need to pay for the privilege of working for no salary
Psst. Want a job working for Miami Heat basketball star LeBron James? There's a nice internship in online marketing and another in content development currently being advertised on his website. If you are interested, you best get on it quick. Applications are due Tuesday.
Salary? Funny you...Read more.
It's no longer enough to be willing to work for free – now you need to pay for the privilege of working for no salary
Psst. Want a job working for Miami Heat basketball star LeBron James? There's a nice internship in online marketing and another in content development currently being advertised on his website. If you are interested, you best get on it quick. Applications are due Tuesday.
Salary? Funny you...Read more.
It's easy to tell someone to save for their children's college, but higher education costs more than double since the 1980s
These articles … they are all the same. They open with bereaved parents, moms and dads dealing with the death of a young adult child. There is Angela Smith, whose son Donte Newsome, 25, was murdered in 2008. Or David and Rose Prior, whose son Andrew, 23, died after getting...Read more.
Don't get ambitious about your student loan bill. Build up a decent-sized emergency fund first
So you want to pay down your student loan debt quicker than scheduled. Should you?
When my editor assigned me this piece, I called Zac Bissonnette, the twentysomething financial guru and author of the New York Times bestseller How to be Richer, Smarter and Better Looking Than Your Parents. Zac, who I consider a friend and,...Read more.