On a recent Today Show Money 911 segment, a caller said she'd filed for bankruptcy -- but that didn't free her from her student loans. She then asked how bankruptcy would affect her ability to get more student loans. Clearly, she isn't learning the right lesson from Chapter 11.
A new study by the nonprofit American Institutes for Research set out to tally the costs associated with freshman students who don't return to the college where they initially enrolled. It found that taxpayers foot a pretty steep bill.
For a growing number of U.S. college graduates, a diploma marks the beginning of financial difficulties. The Education Department says those who were scheduled to begin paying back their student loans in 2007 were 52% more likely to default within two years compared with those who left college two years earlier.
Ask anyone you know where the smartest people go to college. Chances are you'll get all the same answers: Harvard, MIT, Yale, etc. But what's smarter than saving $100,000 and getting an education that is just as good, and perhaps even better, than you can get at many top universities?
If you pick an affordable school, live within your means and work during college, college without loans, scholarships or tapping into personal savings is within reach.
A lot of high school students dream of going to college in New York City, and who can blame them? The problem is you'll most likely pay dearly for the privilege. And chances are you may take an awfully long time to recoup that investment.
Wal-Mart, the largest company in the world, has had four CEOs, all of them public college alumni, and CEO No. 5, William Simon, continues that run: He's a graduate of the University of Connecticut. The point? You don't need to go to a big-name school to be a big-time success.