Archive for tag: debt
Ashworth College offers students an alternative method of paying for higher education
January 20, 2011 10:21 am Online Education NewsExperts say that higher education is an investment in an individual’s future. However, the upfront and subsequent costs of attending college can dissuade many from pursuing a degree. Most students need to take out loans to pay for their schooling, and end up accruing overwhelming interest and debt.
Rethinking Your Financial New Year
December 27, 2010 8:53 am Moms in SchoolRunning a household – and going to school – can be a staggeringly complex proposition. How do you balance your life, let alone your financial life?
The Lowdown on Student Loans
December 17, 2010 1:09 pm Career AdviceThinking of going to college, but you don’t qualify for scholarships, grants or any of the other free money so often associated with financial aid? Maybe it’s time to consider a college loan. Don’t worry, taking out a college loan is not the scary experience it used to be. Before you cross college off your wish list (due to lack of finances), get the lowdown on college loans.
Is the recession the end of the American Dream?
September 22, 2010 3:38 pm Comics, EconomyUnderlying the entire machine that caused our current recession is an interesting discussion about the American Dream and how it was hijacked by marketers and financial institutions. This is a conversation worth having.
Average American Debt and Savings
May 17, 2010 3:34 pm Career Advice, EconomyThe combined amount of personal debt in the US is $2 trillion which is about the GDP of England. That means Americans are in debt more than a country earns in a year. And that $2 trillion debt boils down to $117,951 per household. The statistics don’t get much better from there. Even though Americans are a hard-working and industrious people they undertake too much debt and save too little. In the 1960s the average American saved 11 percent of their paycheck and in the 1990s it had decreased to 5 percent and then in 2003 it fell to 2.3 percent. However, because of the shaky economy, savings among Americans have risen to between 5 and 7 percent of their disposable income.
Degrees with Low Salaries
May 11, 2010 3:50 pm EducationEven though a college degree can give you the training to get into the job of your dreams, just remember that even though you may have a college degree that doesn’t necessarily mean that you will earn a lot of money. In fact, there are many college grads that have spent a lot on going to college and then they don’t end up making much. So if they have a lot of student loans it can be difficult for many to pay them off if they earn low wages.
Some low wage jobs according to 2010 data from PayScale shows that even with a bachelor’s degree, your wages may still not be high. For example students in the following areas can’t expect to start out earning a lot or expect to earn much more over their career. For example, engineers and those in computer science tend to get high salaries while those in the following 10 fields are paid poorly.
Higher Education Ready to Crumble
June 2, 2009 3:36 am EconomySeveral scholars and journalists are now bringing up the idea that higher-education could be the next sector to crumble. This means that smaller colleges might be forced to merge, close, or declare bankruptcy. They have spent too much and are in debt up to their eyeballs, and now with shaky student loans and rising tuition [...]
It’s Not Working!!!
February 27, 2009 1:33 pm EconomyIt’s time to consider the sobering possibility that there is nothing we can do except grow up and learn to accept the consequences of our overspending. It’s time to accept that we cannot avoid a deep recession any more than we can keep winter from coming… it’s time to just let things take their course.
Recession Journal #1: I am an Accomplice!
February 25, 2009 11:27 am EconomyDidn’t I feed the frenzy by taking on credit card after credit card? Didn’t I mortgage my home with less than a solid down payment? I got caught up in the spending frenzy just as much as those crazy bankers. In some small way, I helped push us toward the economic brink.
