There’s been a great deal of press in recent years about the impact student loans have on the larger economy, especially home purchasing. A Federal Reserve Bank of New York report showed a decline of 8 percentage points in home ownership among 28-to-30-year-olds from 2007 to 2015, and estimated that about 1/3 of that can be attributed to student loan…
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Most schools lump tuition and fees into a single line item on their costs, but students and parents should have visibility to which is which. It can take a little bit of digging to find out, though. First, what are fees? They can be anything from health insurance to fitness center costs
(Or: Why You Should Talk to Your Kids About Money Before Applying) My son applied to two schools: In-State-U and an Out-Of-State-U-With-A-Scholarship. I’m fairly certain that a big reason for applying to OOSU was that his sister is applying to a number of schools and he felt like maybe he’d be doing something wrong if he didn’t. He wants to…
In 2002, a paper in the Quarterly Journal of Economics by economists Stacy Dale and Alan Krueger showed that for most students, the incremental value of attending an elite college was virtually nil. Instead, the paper showed that similar students– especially those with similar test scores– fared similarly in life regardless of where they attended college. Happy news for the…
It’s been a busy few weeks in my world, between the school play, Thanksgiving, our office moving, and more fun stuff like that. So apologies that you haven’t heard more from me lately.