If you are like most college students, there’s a good chance you are a “non-traditional” student. Likewise, your college degree path is probably also non-traditional. Unfortunately, a zigzagging degree path can greatly complicate an already complicated financial endeavor: financing your college education.
According to the US Department of Education, 73% of college students are considered to [...]
Posted on October 24, 2013 by Beth Dumbauld
If you are like most college students, there’s a good chance you are a “non-traditional” student. Likewise, your college degree path is probably also non-traditional. Unfortunately, a zigzagging degree path can greatly complicate an already complicated financial endeavor: financing your college education.Read More...
Posted on October 23, 2013 by Beth Dumbauld
Think student loans can help you afford college? Think again. It’s a mistake to confuse access to financial tools, including student loans, with affordability.Read More...
What is a financial tool?
A student loan is a financial tool. A credit card is a financial tool. A check is a financial tool. Cash is a financial tool as well.
Financial tools [...]
Posted on October 18, 2013 by Barry Lenson
According to “Unexpected ways to save for college,” a video on Bankrate.com, one of the best ways to save money on college is to know your major before you enroll in college and start paying for courses.Read More...
That makes sense. Every three-credit college course you take in a regular college could cost you more than $1,200 [...]
Posted on October 7, 2013 by Barry Lenson
You walk into your college’s financial aid office and fill out paperwork to borrow $14,000 at a 6% interest rate that you promise to repay over 10 years. The financial aid officer who helps you fill out the paperwork calculates that when you start to repay, you will write a monthly check for $155.40. You [...]Read More...
Posted on October 4, 2013 by Beth Dumbauld
It can be a challenge to know if the college where you plan on earning your degree is truly affordable. Let's face it, we are all persuadable. We don't always make decisions that are in our best interest. And when it comes time to go back to college and earn a degree, we can be [...]Read More...
Posted on October 2, 2013 by Barry Lenson
You want to go to college. But how can you come up with $50,000+ to attend a four-year state school, or with $200,000+ to attend a four-year private college? (That’s about what you’ll pay when you add up tuition, housing, student fees, and other costs.)Read More...
That question isn’t only bothering students. It’s troubling colleges too. To [...]
Posted on September 30, 2013 by Barry Lenson
Where You Start College Matters if You Want to Save MoneyRead More...
The first place you take college courses is the most important if you want to keep your college costs low. I’ll explain why in a moment but before I do, let’s take a moment to remember how most colleges structure their programs of study [...]
Posted on September 24, 2013 by Barry Lenson
Not everyone who goes to college ends up deep in debt. Here are the stories of StraighterLine students who have saved – not borrowed– thousands of dollars by taking high-quality online courses with StraighterLine.
Latoya Deon estimates that a three-credit Introduction to a philosophy course at the University of San Francisco would have cost her $2,700. “My StraighterLine [...]Read More...
Posted on September 20, 2013 by Barry Lenson
A recent study by FICO Labs reports that student debt is quickly spiraling out of control . . .
Back in 2005-2007, 12.4% of student borrowers were defaulting on their loans. After October 2010, that percentage surged to 15.1%. That represents a 22% increase in the delinquency rate.Read More...
In 2005, the average debt owed on a student [...]
Posted on September 1, 2013 by Barry Lenson
At state schools, tuition continues to rise. It does at exclusive private colleges too – the schools with immense endowments. Dartmouth College, for example, had a $3.9 billion endowment in 2012. Tuition there hovers at $45,000. Dartmouth also gives financial aid to 57% of its students, according to data on About.com.Read More...
Instead of quoting a hefty [...]
Posted on August 1, 2013 by Barry Lenson
“Elite Colleges Differ on How They Aid Poor,” an article by Richard Pérez-Peña in The New York Times on July 31st, sheds some harsh light on how hard top colleges are really trying to recruit students who come from low-income households.Read More...
“With affirmative action under attack and economic mobility feared to be stagnating,” writes Pérez-Peña, “top [...]
Posted on July 23, 2013 by Barry Lenson
Jeanne Ogden is a 35-year-old woman who never completed college. “I did about two years of coursework about 15 years ago,” she tells us, “and now I want to figure out how to finish up and earn my college degree. But I just read an article that says that college is going to cost me [...]Read More...
Posted on July 18, 2013 by Barry Lenson
Reporter Megan Kowalski interviewed personal finance consultant Hitha Prabhakar for USA Today recently, and came up with some excellent strategies for cutting college costs. If you’re heading to college soon, you’ll want to check out Kowalski’s article for yourself.Read More...
Some of Prabhakar’s winning strategies include: using used furniture and textbooks . . . buying supplies as [...]
Posted on June 14, 2013 by Barry Lenson
If you’re taking online courses at StraighterLine, you already know that you’re saving money. But you might not realize how much. Here’s a quick review of the math . . .Read More...
If you take advantage of StraighterLine’s most popular pricing option, you can subscribe for $99 a month, then take as many courses as you want [...]
Posted on June 12, 2013 by Barry Lenson
“What Public-College Presidents Make,” an article that The Chronicle of Higher Education just released, offers some eye-opening statistics like these . . .
Graham B. Spanier of Penn State (you remember, the guy who resigned in shame after the football scandals there) earned $2,906,761 in year 2011-2012, thanks to a final payout. That’s not a typo [...]Read More...