Author: Amanda Reaume

Student Loans Are Impeding Millennial Entrepreneurs

We love hearing rags to riches stories about undergraduates starting businesses which go on to change the world. Microsoft, after all, was famously started by Bill Gates while he was still in school and Facebook was launched by Mark Zuckerberg when he was at Harvard. These two well-known stories speak to the youthful entrepreneurial energy that has helped young people from each generation launch businesses either right out of school or soon after.Sometimes these businesses come directly out of some aspect of their coursework or research, but other times students just get the entrepreneurial bug and a great idea...

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The Government Should Forgive Loans and Allow Students to Keep Credits From Shuttered Schools

Earlier this year when ITT Tech closed down, students were forced to make a difficult decision. They could keep their credits and repay their student loans or they could get their student loans forgiven and lose their credits.Those who chose to keep their credits could, in theory, transfer them to another institution and continue their degree while those who chose to have their loans forgiven would have to start their programs again from the beginning.This isn’t the first time that students had to make this kind of choice. When schools like Everest College and Corinthian Colleges, students who were...

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Student Loans are Such a Problem Because Young People Don’t Vote

At this point in the election cycle, it’s almost impossible to drown out media coverage and water cooler conversations about the candidates. While this year might be different than most due to the sheer number of salacious headlines, what will likely remain the same is that few young people will turn out to vote.According to Pew Research, in 2012, millennials aged 18-29 made up over 19% of the electorate – but only 46% of them showed up to cast their ballots. This is a big problem. When groups of people don’t vote, politicians are generally less likely to create...

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Your Education is Worthwhile – Even if You Don’t Get a Job Right Away

College is often sold to parents and students as the best way to get a great job. But, given the high number of college grads that are unemployed or underemployed upon graduation, many are wondering if college is still worthwhile.Grads who are carrying significant student loan debt and working at a job that doesn’t require a college degree might not think so – but they aren’t looking at the long term benefits of their degrees.Is a College Degree a Bad Idea?Just because students don’t get a job in their field immediately after graduating doesn’t mean that getting a college...

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Why Graduates Don’t Make the Best Student Loan Choices

Why do so many student loan borrowers end up in default on their student loans when their circumstances would have allowed them to qualify for a deferment? Why do so few learn how to refinance their loans when doing so would save them a significant amount of money?In the U.S., there is an epidemic of people behind on their student loans. As of early 2016, of the 22 million federal student loan borrowers, 3.6 million were in default and another 3 million were delinquent on their student loans.But the problem is more than just graduates that don't have the...

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