Author: Amanda Reaume

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 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 money to repay their...

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The ‘College Experience’ Is The Most Expensive Party You’ll Ever Go To

As September approaches and a new class of freshman head off to college, many are looking forward to enjoying the ‘college experience’ that they read about in brochures and potentially experienced during campus visits. But what is the ‘college experience’ and how long will students end up paying for it?The College ExperienceWhen you hear the words ‘college experience,’ you likely think of students enjoying their time on campus and meeting new friends. It might mean a beer at the local pub for some people or participation in Greek life for others. It could mean an opportunity to get involved...

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It’s In A State’s Best Interests To Better Fund Higher Education

Education is one of the key ways that children from modest backgrounds have traditionally done better financially than their parents did before them. In the past, a great number of students from poor backgrounds have greatly benefited from state colleges, which provide in-state students with subsidized tuition and make going to college more affordable. This has meant that living the American Dream was available to almost everyone who worked hard and did well in school. But, in recent years, significant cuts to state colleges by state governments have put the state college ideal of an accessible education into jeopardy...

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The Best Stimulus: Reduce Student Loan Interest Rates and Forgive Loans

Whenever there are economic slowdowns, politicians like to talk about stimulating the economy. Often, it’s in the form of a tax break. Sometimes they opt to invest money to upgrade old bridges and roads. Their goal is to get money moving again and ensure that people keep spending.But what if the best way to stimulate the economy is one that’s rarely talked about?Student Loan Debt Is a Big Drag On The EconomyStudents are graduating with record levels of student loan debt. In 2016, that worked out to an average of $30,000 per borrower, according to education expert Mark Kantrowitz....

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