College Application or Marriage Proposal?

Applying to college isn’t simple.  Metaphorically, choosing a college can be like an arranged marriage—parents are involved in the choosing process, lifelong expectations are being weighted and future prosperity is being forecasted. “Dowries” are paid in the form of tuition, room and board, books etc.   Students seek a college that’s the “right fit“, dating campuses on tour after tour…

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University of California Flagship Cuts Staff

The stress from the continuous reduction in state funding over the last decade has finally come to the University of California’s flagship campus, Cal Berkeley.  The Washington Post reported on April 13: a workforce reduction of about 6 percent that comes as the prestigious public flagship is moving to erase a large budget deficit. In February, [Chancellor Nicolas] Dirks had…

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The Modern “Starving” Student

College alumni often joke about days as a “deprived” undergrad, only eating instant noodles—fast, filling meals on a limited budget—like a badge of honor.  Growing numbers of today’s college students, however, embody the literal meaning of “starving” college student. According to the Wall Street Journal: In 2010, the UC [University of California] system added a food-security question to its biannual student…

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Ahead of the Curve: All About Financing A College Education

Thoughts from the news: Flip Side of Reducing Student Debt Is Increasing the Federal Deficit, New York Times, February 11, 2015—for every benefit, there is a cost Looking At Student Loan Defaults Through a Larger Landscape, Federal Reserve Bank of New York, February 19, 2015—student loan defaults are not only increasing, but also occurring earlier in the repayment period  Why You…

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College Tuition Up 1225% Since 1978

As has been previously discussed, college tuition is increasing annually, and shows few signs of abating; however, at some point college education will be subject to the law of supply and demand.  As demand for college education continues growing – seen in each year’s record numbers of applicants, with total student debt growing beyond the record breaking $1.2 Trillion mark and college tuition skyrocketing, demand…

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The Bill Always Comes Due

An unprecedented $1.2 trillion in student debt has grown exponentially in the last several generations, showing few signs of abating. In less than one generation, college graduates have tripled their debt burden. According to the Wall Street Journal, over 70% of the Class of 2014 will graduate college with an average of $33,000 in student debt. The convergence of multiple,…

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