Did Colleges Engage in a Bait-and-Switch Scam to Maximize Revenues During the Coronavirus Pandemic?

According to a recent article in the Washington Examiner, American universities lured students back to campus this fall by deceptively promising to offer at least some in-person instruction. Then–after the students showed up and paid their tuition and fees–the colleges changed their policies and offered most or all of their classes in an online format. … Read more

A Simple Chart That Explains Why College Tuition Is Going Up

Americans of all ages grapple with the cost of higher education, whether it’s trying to save for the future, choosing a college or repaying student loan debt. Tuition and fees at U.S. colleges has increased an average of 5% every year for the last decade, and the $ 1.2 trillion in outstanding student loan debt … Read more

How I Saved $70,000 to Send Two Kids to College

In our Money Mic series, we hand over the podium to people with controversial views about money. These are their views, not ours, but we welcome your responses. Today, one woman shares how she made saving for her kids’ college education her top priority — stashing away thousands years before her daughter and son were even … Read more

Is College a Good Return on Investment. Facts are Surprising.

Seattle, Washington (PRWEB) March 05, 2015 PayScale, Inc., the world’s leading provider of on-demand compensation data and software, today announced the 2015 PayScale College Return on Investment (ROI) Report. “How much student loan debt college kids and their families take on has serious implications for their future financial health. With average student loan debt hovering … Read more

The College Cost Blame Game Has a New Twist

A new narrative is beginning to take shape on the higher education front. At a recent meeting of the U.S. Senate’s Committee on Health, Education, Labor and Pensions, its chairman, Sen. Lamar Alexander (R-Tenn.), and the chancellors of the University System of Maryland and Vanderbilt University talked about the financial toll that regulatory compliance is … Read more

Why You Should Never Pay Sticker Price for College

by Marian Wang ProPublica, Jan. 2, 2014, 9:27 a.m. You know all those seemingly great sales during the holidays? It turns out, they are often a “carefully engineered illusion.”  A recent piece in the Wall Street Journal defines what it calls “retail theater,” noting that often the discounts being offered to bargain-conscious consumers are carefully … Read more

Tax Payer Anatomy. Look At the Average Income.

H&R Block just released the following info graphic which gives us some interesting facts about tax payers and their obligations. 48% of the U.S. population are taxpayers. 70% of taxpayers e-file. The majority of taxpayers file as single. The average taxpayer claims 1.4 dependents. 3,330,871 people claimed their parents as an exemption. Kind of a … Read more

We Need to Eliminate Our Credit Card Debt to Afford College Loans. – Michael

“Dear Steve, My wife and I have approximately $56,000 in credit card debt. We have implemented a austerity plan, and am paying that down at the rate of approximately $800 a month. The problem is that in Dec. 2013, we will have to start paying $1600 a month in college loans for our daughters education. … Read more

Bogus ‘Obama Mom’ Grants Lure Students

by Sharona Coutts ProPublica, July 23, 10:34 a.m. July 26: This story has Corrections to Marketplace’s version of this story. After being laid off from her job as a high school teacher in Dayton, Ohio, Nicole Massey decided to go back to college. For months, she scoured the Web for ways to fund her tuition, … Read more

Should I Wait For Grandma to Die So I Can Pay My Debt? – Jack

“Dear Steve, I have credit card debt of $95000, 2nd mortgage of $40000, 1st mortgage of $140000. My house is worth perhaps $300000. I make $115000 annually plus bonus in good years of 15%. This wasn’t a good year, so there was none. My stock options are now under water (worth zero). I’m using my … Read more

Husband Cutoff Access to His GI Bill for Daughter and Now I’m Left Paying for College. – Janice

Janice “Dear Steve, Please help me I am drowning!!!!! I have five credit cards totaling a balance of around $14,000 and a house payment of $894. I also have a truck pmt of $535 but only five payments remaining. Having to pay college tution and fees at the last minute because my daughters dad had … Read more