A University of Michigan law student who needed extra money for tuition and couldn’t get a loan because of the credit crunch has been charged with soliciting sex for money on Craigslist. From the Ann Arbor News:
The student told police she was advertising sex acts online via Craigslist to help pay tuition costs. For an in-state student, [...]
Archive for December, 2008
Student Sells Sex – To Professor – To Pay for Tuition
Posted in Uncategorized, tagged assault, credit crunch, high tuition, Near Eastern Studies, prostitution, student loans, University of Michigan, Yaron Eliav on December 18, 2008 | 1 Comment »
Some New Jersey Borrowers Now Forced to Make Loan Payments While in School
Posted in Uncategorized, tagged deferment, NJ Class Loans, NJ.com, payments, student loans, working while in college on December 17, 2008 | Leave a Comment »
I think this is the most depressing story I’ve yet seen since the economic crisis really started hitting the news a few months ago. NJ.com reports that NJ Class Loans, a state-sponsored lending agency, will now require new borrowers to make student loan payments while they are still attending classes:
The state agency overseeing more than [...]
Arne Duncan is Obama’s Choice for Secretary of Education
Posted in Uncategorized, tagged ariel initiative, arne duncan, associated press, chicago public schools, credit crunch, dodge renaissance academy, harvard, huffington post, no child left behind, Obama, reform, Secretary of Education, student loans on December 15, 2008 | 1 Comment »
The Associated Press is reporting that Obama will name CEO of the Chicago Public Schools Arne Duncan as his choice for Secretary of Education on Tuesday morning:
Duncan has run the country’s third-biggest school district for the past seven years. He has focused on improving struggling schools, closing those that fail. Obama highlighted this work by choosing for [...]
A Lifetime of Debt
Posted in Uncategorized, tagged affordability, Magdalene Perez, student loans, the Advocate, tuition costs on December 15, 2008 | Leave a Comment »
Writer Magdalene Perez has a great op-ed piece in The Stamford Advocate describing her student loan debt – about $57,000 that she expects to be paying on until she is 50 years old. Things ain’t how they used to be, she claims. Talking about her grandparents:
Having a simple business degree instantly changed their lives. Joe [...]
Is College Still Cost-Effective?
Posted in Uncategorized, tagged affordability, ash jones, law school, News-record.com, recession, student loans, workforce on December 14, 2008 | 1 Comment »
News-record.com has a great human interest story on how young, college-educated adults are fairing in the current recession. As you may have guessed, the answer is, not great. The article talks about people graduating college and not being able to find a job, getting laid-off, and putting off purchasing homes and cars because of the [...]
Joining the Army – a Good Alternative to College?
Posted in Uncategorized, tagged Afghanistan, army, Ebonee Ervin, federal loans, Hattiesburg, Iraq, student loans on December 14, 2008 | Leave a Comment »
This article out of HattiesburgAmerican.com, a Mississippi newspaper, tells the story of Ebonee Ervin, an 18-year old who has decided to drop out of the University of Southern Mississippi because she can no longer afford the tuition; she’s joining the army instead.
The article also talks about a general upswing in the number of students who [...]
Fewer Taking GREs
Posted in News, tagged economic downturn, graduate school, GREs, student loans, US News & World Report on December 8, 2008 | Leave a Comment »
US News & World Report notes that the number of people taking the GREs has dropped from 633,000 last year to between 621,000 – 625,000 this year. What’s interesting about this is that ordinarily, an economic downturn is accompanied by a rise in graduate school applications. The article mentions several reasons why things might be [...]
Going to College – A Pipe Dream?
Posted in News, tagged National Center for Public Policy and Higher Education, New York Times, student loans, tuition costs on December 3, 2008 | Leave a Comment »
The National Center for Public Policy and Higher Education has released its latest report on the cost of a college education, and the results, unsurprisingly, are grim. According to the New York Times, the report notes that tuition has risen 439% since 1982 while family income has only increased by 147%. Additionally, “Student borrowing has [...]
Student Loan Defaults on the Rise – Let’s go to Vegas!
Posted in News, Policy, tagged bail out, bankruptcy, consolidation, credit crunch, default, deferment, forebearance, interest, moratorium, refinancing, Sallie Mae, student loans, Vegas, wall street journal on December 1, 2008 | 1 Comment »
After remaining relatively stable for several years, the student loan default rate is now on the rise. The Wall Street Journal reports today that the downturn in the economy, especially the credit crunch, is forcing more student loan borrowers into default and the numbers could rise even further:
The fear is that default rates on student loans will [...]
