A Diploma with Less Debt

Posted by Judy Anne Cavey on Sep 7, 2011 in , , | No Comments

Forget that a degree from a prestigious university has more value, it’s just more expensive…

According to Laurence Kotlikoff, a Boston University economist who has studied earning and consumption patterns, in his interview with William Baldwin in Forbes magazine, he advocates we start to think differently about college degrees. First, Mr. Kotlikoff states prospective students should choose a major carefully–considering the cost of the degree and future earning power once graduated and long-term potential for employment. Dividing majors into “high payoff” and “low payoff”, he compared majors which on average produce high and low incomes, but also showed what happens when the cost of education is added into the mix–something college students and their parents may consider.

Trade Schools

Posted by Judy Anne Cavey on Jan 17, 2011 in , , | No Comments


Students Lured Into Trade Schools and Debt

In his article in The New York Times, Peter S. Goodman stated concerns about trade schools, “One fast–growing American industry has become a conspicuous beneficiary of the recession: for–profit colleges and trade schools”.

Schools that train students for careers in areas such as health care, computers and food service, enrollments are climbing as people anxious about declining job prospects borrow aggressively to pay for tuition that can exceed $30,000 a year.

Beware of schools which promise
much, but deliver little.

Student Debt

Posted by Judy Anne Cavey on Dec 13, 2010 in , , | No Comments

Most college grads are drowning in debt due to student loans.

Are you feeling the weight of paying those debts back? Here’s some good news…

Executive Director of Project on Student Debt (www.projectstudentdebt.org) states that, “if most of your loans are federal (Stafford or Perkins for example) you are in luck: there is now a sliding-scale payment option.” The 2007 Income Based Repayment, a policy designed to make repaying loans easier for grads pursuing jobs with lower salaries is available. Payments are based on your monthly income, family size, and total amount borrowed.