Loans

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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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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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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Financial Aid Foibles

Dealing with college financial aid offices can be tricky. Sure, they lay out the welcome mat before you apply: “We meet full demonstrated need!” “Merit scholarships available!” And so forth. The trick for wide-eyed rookie applicants and their parents is knowing how to read between the lines and interpret what isn’t written on that welcome ...

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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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Low-Student-Debt Schools

Getting into certain schools can save you some student debt. The challenge with some of these schools is getting in, in the first place. Some are hyper-competitive. Others might not have the exact combination of the criteria you need to make a commitment. Once again, the important thing is to do your homework during your ...

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Student Loan Debt = >$1 Trillion

How much is a trillion dollars? If you want to be staggered by a visual representation of a trillion dollars, check this out. As far as student loan debt goes, we’re talking here about ONE trillion dollars. If you want your head to really spin off your shoulders, consider the current U.S. national debt of ...

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