'Be Richer' By Learning From Parents' Mistakes

(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.

Fifty years ago, Congress created the federal loan program as a way to help Americans realize their dreams of a better life through higher education.

Morgan/Flickr

Student-loan debt is a big problem. The latest Federal Reserve data shows there is nearly $1.3 trillion in outstanding student-loan debt in the 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)

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.