Tag: Expense

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“I Have Student Debt?”

[Sung to the tune of Heigh Ho from Snow White & the Seven Dwarfs] “I owe, I owe, so off to work I go…” Even though I remember singing this refrain in jest, Millennials, the current generation between age 18 – 35 , may not be so light-hearted. According to Bloomberg News in April 2016: A …

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The Middle Class Squeeze

In the last several years, our middle class clients are being confronted by flattening incomes and  college costs that have risen over 1000%.  More and more families are finding themselves not only planning to pay for college when their children are quite young, but asking for more financial assistance when their children are ready to …

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Does a Free Lunch Exist?

Here’s how to borrow $127,000 in student loans, only repay $87,000 over twenty years, and have the U.S. Government pick up the tab for the $450,000 still owed at the end of the repayment period.  [Notice the quadrupling effect on the total balance owed because of the interest that accrues in the two decade long repayment period? …

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Where is the “Middle” in Middle Class?

Middle class families can sometimes feel like this: Cartoon credit: Americans for Limited Government, 2015 Especially when considering the annually increasing tuition, and other costs for a college education:   Related PostsGovernor Newsom Proposes $1 Billion Cut to California Community Colleges Opportunity amidst upheaval Fall 2021 Admissions Policies Turned Upside Down

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Student Debt in Seven Charts

Not all student debt is ruinous.  However, borrowing can be complex.  Loans spend tomorrow’s income today, and for college students, a promise of tomorrow’s income is spent to pay for expenses in the present day.  Understanding recent growth in student loans and the challenges of repayment can help potential student loan borrowers consider both the benefits and the risks before borrowing. …

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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 …

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The Perils of Scholarships

To many parents, winning scholarships both rewards academic excellence and various leadership achievements, while subsidizing the total costs of college. Even though many high school seniors also desire the benefits of scholarships, many scholarships remain un-awarded. Understanding the timing of scholarship deadlines may explain why action doesn’t follow good intentions. Related PostsGuest Post: Is My …

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Living with Mom & Dad?

Is the trend shown in the chart below, caused by the increase in student loans, as seen in the following chart? Charts Courtesy: Goldman Sachs Global Investment Research & Zero Hedge, October 26, 2014 Related PostsWhy More Effort Alone May Not Improve Grades En Garde! Writers’ Block Be Damned Editing College Essays Can Test Your Last Nerve

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College Confidence?

The following chart shows wage growth (or lack of) 60 months into the most recent economic “recovery”, which is at the lowest point since World War II. Furthermore, the employment situation is no more rosy: “The bottom line is, we’re a million miles from full employment,” said [David] Blanchflower, a Bank of England policy maker …

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Guest Post: So You’re Gonna Be A College Freshman

About the author: Allie is starting her senior year at University of Arizona, which she selected after an intensive search for colleges in the Western U.S. with speech therapy and audiology programs.  She graciously agreed to allow Creative Marbles to repost the following from her blog.   This summer I worked at the College of Admissions at …

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Ahead of the Curve: July 5, 2014

Inspired by CMC Clients Advanced Placement (AP) Test Scores:  Students often believe that a score of less than 3 will hurt their college admissions competitiveness.  The belief is a myth.  A student’s willingness to challenge themselves academically by taking AP classes and the tests will be considered by college officials in the admissions process.  The score, …

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A $60 Trillion Inheritance…in Debt

Wishing a better life for our children is normal.  Actually setting aside our personal wants in favor of our children is more complicated in practice.  The next generation will inherit a record $60 Trillion in total U.S. debt—government debt, business debt, mortgage debt and consumer debt. (See chart below) Furthermore, the growth of student loan …

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Borrower Beware

Student borrowers aren’t the only ones defaulting on college loans… Chart source: Department of Education & Inside Higher Ed   Related PostsCollege Tuition Up 1225% Since 1978 A Moment of Impatience Can… “I Forgot My Calculator for the ACT!”

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Is College Worth the Expense?

More Americans believe that going to college is NOT an affordable option. Related PostsOH NO! Common Application Technical Glitches?!? Not Every Student Loan Balance Is In the Six Figures or Overdue Guest Post: A First Year Reflection

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Why Winning Free Money Takes Effort

Scholarships are not mysterious.  Winning them takes work – which is only a continuation of the efforts to be eligible to compete for scholarships in the first place.   Related PostsGuest Post: The Saving for College Challenge, Part One – How Can I Save For College The Admissions Waiting Will Be Over Soon: University of …