'Be Richer' By Learning From Parents' Mistakes

It can take years, even decades, for student loan borrowers to repay their debts. To that end, a new report has found that tens of thousands of older adults – including senior citizens – continue to be saddled with mountains of student debt later in life, often having their government benefits cut to repay the costs. 

Finding a solid job is tough for the class of 2010, especially in the legal world. Host Robert Siegel talks to five graduating Georgetown Law students about their plans. Some have sent out hundreds of job applications, but still haven't landed anything. But one student turned his glum job prospects into a political opportunity -- he's running for office in Maine.

Consumers' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak. The Conference Board's Consumer Confidence Index shows Americans are as worried about the economy's current state as they've been in nearly three decades.» E-Mail This     » Add to Del.icio.us

(Tim Schreier)

Matt Taibbi’s expose of Federal educational loan programs is over-the-top and not balanced but it does have some shockers. Most importantly, according to Taibbi, the Federal government makes a profit on student defaults.

For the last five years, Graduation Day was as much a time for apprehension as for celebration. Prospects for those entering the workforce for the first time were bleak. The class of 2013 — whether from high school or college — has cause for more optimism than previous classes.» E-Mail This     » Add to Del.icio.us

"Every person, and especially every entrepreneur, should embrace failure with open arms," writes Richard Branson. "It is only through failure that we learn." Of course, there are caveats to such broad advice — especially when it comes to money.

(Hammerin Man)