Tag: Fiscal plan

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“I feel a change coming on…”

University enrollment has annually grown, despite four digit percent increases in the costs of college over the last three decades, seemingly making an inelastic demand for college eduation. Yet, for the 2020-21 school year, for the first time, there may be a a shift in the supply/demand equation given the changes in the recruitment for …

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College Waitlist Leverage

Ahead of the traditional, widely accepted national enrollment deadline of May 1 for first year college students, although some colleges have extended the enrollment deadline to June 1 due to the COVID-19 health crisis, college admissions officers are already extending offers of admissions to waitlist candidates. I contacted two different admissions officers on the West …

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Is COVID-19 Affecting Admissions Rates?

The chart above is a comparison of the admissions rates between Fall 2019 and 2020 at a sampling of the most selective universities, ranked from lowest difference to highest.  Brown University and Princeton University both dropped their admit rates slightly in 2020, possibly indicating a confidence in their school’s brand that the COVID-19 health crisis …

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Ever Wonder Why The Dollars in Your Pocket Are Less?

Wonder no longer… Related PostsCollege as a “Financial Decision, not a Rite of Passage” SAT & ACT In Flux Guest Post: Dealing with a Shrinking Ego

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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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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 …

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Welcome to the New Adulthood

For most of us, moving out of the parental units’ house is the ultimate signifier of adulthood.  So, what’s the threshold defining adulthood for the growing numbers of 25 year olds, who live with their parents (even after moving away for college)? Since 2002, parental co-residence rates have only risen:   And, in 2012:   Related PostsGeneral …

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What a 99 Year Old Wall Street Trader Knows

Although Irene Bergman intended her advice for Wall Street finance types, her wisdom can apply to anyone in any situation.  Bloomberg News recently highlighted Ms. Bergman for her longevity in a notoriously competitive business, stock trading. We can all learn a lesson, if for no other reason, than Ms. Bergman has the weight of a century …

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The Practicality of a College Education

Presented in addition to last week’s post about what faces Class of 2015 Graduates… From Zero Hedge, May 31, 2015 Related PostsTop 10 Questions NOT to Ask a High School Senior Guest Post: Don’t Overlook The Food You Can Dish It. Can You Take It?

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Congrats, Class of 2015?

The Class of 2015’s graduation celebrations may be short-lived.  A graduation is often called a commencement, or beginning.  So, what can the Class of 2015 expect for their new beginning? 1) The highest average student debt of any graduating class in the last 23 years – $35,000 per student loan borrower. 2) In addition, a …

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Internships: The New Entry Level Job

Go to college. Then, get a job.  The old adage may have passed its time.  Now, the meme may be more like, “Compete to get into college.  Go to college; work unpaid internships every semester starting your freshman year, and each summer take more internships, then, hopefully, you’ll get a job by graduation.” According to a …

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The FAFSA PIN is Now the FSA ID

When submitting the FAFSA or Free Application for Federal Student Aid to apply for financial aid at colleges and universities all over the United States, parents and students have needed a PIN number as their electronic signature.  Recently, Federal Student Aid has changed the PIN to an FSA ID, which will serve as an electronic …

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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. …