Debt

College Cost Bubble Trouble

I’ve touched on this topic before, but the situation continues to get worse. Now, even the major mainstream media are becoming involved. Here’s Lawrence T. Lesick, vice president for enrollment management at Ohio Northern University, quoted in no less a source than the May 14, 2012 New York Times: “We know the model is not ...

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Will Your Baby Boomerang?

When I graduated from college, I moved to another state. I was married and we had a new baby, our first. Life was scary then. The job market may not have been as depressed as it is now. I can’t recall. However, for a young-20s-something, it took courage to pack up everything, rent a U-Haul, ...

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The Problem of Student Loan Debt

I’ve been reading some amazing statistics regarding the amount of debt college students and their parents have accumulated. The real problem appears to be that families can’t keep up with the pace of rising college costs, a situation exacerbated by America’s floundering economy. How bad is the college cost situation? The arguments regarding what is ...

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How Bad Is The Student Debt Situation?

I’ve been reading some amazing statistics regarding the amount of debt college students and their parents have accumulated. The real problem appears to be that families can’t keep up with the pace of rising college costs, a situation exacerbated by America’s floundering economy. How bad is the college cost situation? Take a look at this ...

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Will Debt to One College Keep Student Out of Another?

Question: Can you enroll at a different college if you owe another community college money? If you are signing up to take just one class (or maybe even two) at the new college, then it’s very possible that you won’t be asked about your debt to the other. But if you are trying to get ...

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What’s Wrong with Higher Education?

The nice part about having a blog is being able to spout off about whatever topic happens to be bothering me the most. Today, I’m going to take advantage of my bully pulpit here to talk about the problems of higher education. Well, I’m going to express a few of my opinions and then hand ...

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The Student Loan Debt-Bomb Crisis

I’ve been spending some time here trying to get across the dangers of student loan debt. I received a news release from the National Association of Consumer Bankruptcy Attorneys (NACBA) that quantifies the frightening reality of this national crisis (and I don’t use the word “crisis” casually). Here are a few headline facts to grab ...

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Avoiding the Student Loan Swamp

Let’s imagine that you are standing on the metaphorical shore of the sea of higher education. With your binoculars, you scan the horizon for interesting sights. You may see some cruise ships filled with high school seniors touring prospective colleges, tankers filled with cash headed to pump funds into university endowments, and maybe some fishing ...

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A Warning Shot Across The Bow

One of the bigger issues in national economy discussions is the ever-surging cost of going to college. I won’t bother showing you a chart that documents that fact. Just imagine two lines. The one that looks relatively flat over the past few decades is your income. The line that appears to track the flight of ...

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Young People & Money Matters

Over the years, I’ve posted now and then about how young people, especially high schoolers and college students, can take control of their finances. It seems as though every day there is some kind of story, either in the newspaper or on TV, about the ever-rising cost of living and skyrocketing college costs. If you’re ...

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