'Be Richer' By Learning From Parents' Mistakes

"My biggest takeaway is if you have private student loans, pay them off as quickly as you possibly can," says Zac Bissonnette, author of "How to Be Richer, Smarter, and Better Looking Than Your Parents"

If MTV really wants to show young people coming to grips with the "Real World" after college, how about slapping them with $35,000 worth of debt and shoving them out into the job market?

As costs of college soars (with thanks to absurd union salaries and benefits, as well as absurd administrator salaries and benefits), those attending college have increasing trouble paying back loans. The fully expected consequence is Student-Loan Delinquencies Now Surpass Credit Cards.

The bell has been rung in the next round in the fight over student loan interest rates, and borrowers could take it on the chin this time. On July 1, if Congress does nothing, the interest rate on federal subsidized Stafford student loans will double from 3.4% to 6.8%.  “It’s not the end of the economy as we know it,” says Mark Kantrowitz, publisher of student-lending websites Fastweb.com and FinAid.org. He’s right, but that doesn’t mean it won’t really stink, especially for the poorest college students. Advocacy group U.S.

The bell has been rung in the next round in the fight over student loan interest rates, and borrowers could take it on the chin this time. On July 1, if Congress does nothing, the interest rate on federal subsidized Stafford student loans will double from 3.4% to 6.8%.  “It’s not the end of the economy as we know it,” says Mark Kantrowitz, publisher of student-lending websites Fastweb.com and FinAid.org. He’s right, but that doesn’t mean it won’t really stink, especially for the poorest college students. Advocacy group U.S.

(afagen)

It's interesting to watch some of the terms bandied about in headline news. For example, the LA Times headline reads S&P says student loan debt could be next financial bubble. Next? Could Be?

Those who think the answer to the unemployment problem is more education might be surprised to learn the Majority of Unemployed Attended College. For the first time in history, the number of jobless workers age 25 and up who have attended some college now exceeds the ranks of those who settled for a high school diploma or less.