Student loan debt in America currently totals $1.2 trillion, and is rising quickly. As graduation day approaches, the class of 2014 might be feeling less than hopeful about their future, faced with a less-than-stellar job market and tens (or hundreds) of thousands of dollars of debt accrued in the process of getting a degree. Massachusetts Senator Elizabeth Warren is working hard to give those students a chance at a life that’s not defined by endless interest payments and constant phone calls from debt collectors. On Tuesday, she filed a bill in the Senate that would allow students to refinance their loans at the current rate (which is 3.86% right now).
“This is an economic emergency, and we can’t ignore it any longer,” she said. Keep reading »
Graduation is a big deal. Plenty of people like to see it as the total culmination of a young person’s character and dedication. As the greeting cards say, “You Earned It Champ!” Earning a degree isn’t easy and deserves celebration.
The catch, though, is that celebratory public events like commencement are a prime breeding ground for Special Snowflakes and that makes life a whole lot harder for those who are unlucky enough to trespass into the glow of their imaginary limelight. Keep reading »
Beyoncé may have already sung about someone “callin’ like a collector” but she’s probably never wondered “if I owe Sallie Mae or I owe the mob.” That’s what Chanel Carroll sings in her completely on point parody cover of “Partition” called (duh) “Tuition” about the loan giant Sallie Mae. Pay all my loans please, I just wanna live the debt-free life … Oh man, as a fellow NYU grad who also used a buttload of loans to pay for school, I so relate to that one. Those student loan collection people are persistent and will hunt you down! Maybe Bey will see this spoof and offer to foot the bill? [YouTube]
Kwasi Enin, a 17-year-old from Long Island, has a whole lot of options for his college career. This time of year usually brings handwringing for high school students as decision letters from universities roll in, but not for Enin. He was accepted to all eight schools in the Ivy League and now has his pick between Brown, Dartmouth, Harvard, Princeton, Columbia, Cornell, Yale and Penn.
Enin intends to become a doctor one day and would also like to study music. He ranks 11th in his high school class and scored a 2250 on his SAT. He’s taken 11 AP classes and volunteers at a local hospital. He even finds time to sing in his school’s a cappella group! The first-generation Ghanaian’s parents are both nurses, and Enin says financial aid will be key in helping him decide where to enroll — he has until May 1 to choose a school. Keep reading »
A study by Leeds Metropolitan University tested 1,500 students on their academic abilities and how they performed during their first year of university. What they found was that female students were more resilient than their male counterparts, and that students who were more resilient in their freshman year would go on to do better overall. For years now, women have outperformed men in university settings, this study helps to cement that. Read more about the study on College Candy…