It’s hard to hear the phrase “student debt” without “crisis” appended. But like most types of debt, there is “good” student debt and “bad” student debt. To understand the difference, it’s helpful to look at the economics of a college degree. A college education confers many benefits, but when evaluating debt the economic ones are key. College graduates—those with a…
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Nationally, FAFSA completion rates are down over 16% compared with this time last year, with just under 19% of current seniors having completed it through the first week of November. While the drops are steeper in lower income schools, schools with higher concentrations of students of color and in rural areas, significant declines show up across all school demographics. Many…
Recently I was a guest on the Hack Your Wealth podcast where we discussed all things financial aid. You can listen to the podcast here.
I had the privilege to participate in the Let’s Talk College webinar series organized by Olivia Pura, a graduate student at the University of Chicago who is using her platform as Miss Illinois USA to advocate for the inclusion and equality of women in STEM fields. We covered a range of topics from planning for college costs to managing a…
About 1/3 of students and 1/5 of parents borrow to pay for college, with borrowed money covering about 21% of the total cost of college, according to Sallie Mae’s How America Pays for College. The report also showed that while federal student loans were the most common form of borrowing, about 10% of students used private loans as well. That’s…