Tag Archives | college debt
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Student Loan Relief Extended Once Again

Due to the COVID-19 pandemic, the federal government put student loan repayments on ‘pause’ since last year. Borrowers with federal student loan debt have been allowed to skip payments, so they can use their financial resources to pay for necessities like rent, food, child care, or other bills. The White House just announced that those […]

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How Much Student Debt Is Too Much?

Almost half of all Americans who ran up student loan debt regret not choosing a cheaper college. That’s a mistake you don’t want to make. Excessive student debt can put you into a hole you can’t easily climb out of. Many grads struggle so much to make monthly payments that they have to put other […]

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Florida Students Defaulting On College Loans At Twice The National Rate

“More than a fifth of Florida’s students loans — 21.5 percent — are delinquent or in default,” writes Donna Gehrke-White of the South Florida Sun-Sentinel, based on data released by WalletHub.com, a personal finance website. Nationwide, about 11% of loans – or half that amount – are late or unpaid, says Gehrke-White. What’s behind Florida’s significantly higher default rates? Many […]

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Quote Of The Week: What’s College Really For?

“People don’t go to college anymore to be fulfilled or to gain life perspective; they go to get a great job,” said Jon Boeckenstedt, associate vice president for enrollment and marketing at DePaul (University in Chicago). “There’s been a shift from hippie culture to corporate culture.” Douglas Belkin, “Freshmen Are Picking Their Majors Earlier,” The […]

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Handle With Care: College Debt Dings Young Adult Wealth

$64,700 Average net worth of U.S. households headed by a young, college-educated adult without any student debt obligations. $8,700 Average net worth of U.S. households headed by a young, college-educated adult with student debt obligations. The Takeway: This confirms what we already know. Investment in higher education can be the best investment you ever make, if you […]

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Best College Majors – for Earnings, That Is

Take a look at a very interesting article by Phil Izzo, “Which College Majors Pay Best,” in the Wall Street Journal.  Izzo spotlights research by Joseph G. Altonji, Erica Blom and Costas Meghir of Yale University, showing which college majors generate higher earnings after graduation.  Not surprisingly, certain majors – notably those requiring math skills – lead to higher […]

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