It’s graduation season! And according to sources from both the White House and the Fed, the current unemployment rate of only 5.5 percent signals a wealth of opportunity for grads. Furthermore, the unemployment rate has been consistently declining. This means that all of us in Class of 2015 should breathe easy; the time has come … Continue reading
Tag Archives: Student debt
Pay As You Earn: Not the Solution to Student Debt Crisis
President Obama’s expansion of the Pay As You Earn program for student loan payment while earning support still fails to fix the root of the student debt problem. The expansion allows for more people to become eligible for their student loan payments to be capped at 10 percent of their monthly income, which is based … Continue reading
Human Capital Contracts: The New Student “Loan”
If you were pursuing a degree in nursing, would you accept an offer of $8,530 in exchange for paying 14% of your income for 118 months after graduation? That is what Jario Sneider did. Often, students must make college decisions based on their financial circumstance. Masters and doctorate degrees are frequently ruled out due to … Continue reading
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