College Grads Fail Miserably at Way Overestimating Starting Salaries

A recent study of college students preparing to graduate found that students suck at trying to estimate income and make plans for life after college. Respondents in this study felt confident their starting salary was going to be $103,880 but the average salary was actually $55,260. Oops. Of the students surveyed, 31 percent felt they … Read more

The Myth of the 4-Year College Degree

Choosing the right college involves some serious decisions. Where to attend, how much it will cost, and is it affordable, are usually the first questions that come to mind. Many people tend to base the answers to these questions on the annual tuition information posted by schools, and assume that it will take them four … Read more

Can’t Afford My Credit Cards. Living on Food Stamps, Child Support and College. – Stacy

“Dear Steve, My situation is this. I am in credit card debt in the amount of over $10,000. I have recently moved to try to get a better education to get a better job. I am a single mother with three children and do get government assistance in the form of medicaid and foodstamps. Before … Read more

Is It a Good Time to Go Into Debt for an Education? – Marie

“Dear Steve, I am just turning 53. I am a divorced female. I still have part ownership in a house with my ex. The amount left on the mortgage is 85,000. I have been thinking about going into debt for a degree, to the tune of about 40,000. Some of my friends tell me it’s … Read more

“I Have Three Degrees But I’m Broke And Miserable”

Theresa “Dear Steve, I have $75,000 in school loans and I have one job bringing in $360 per week after taxes and another job where I make $150 per week after taxes. My car payment is $251, rent is $600, utilities are $130, Food is $80, and water is $45. I have a 401(k) with … Read more