More Retirees Are Dealing With
Student Loan Debt

More seniors than ever before are heading into retirement still paying off their student loan debt. In 2013, seniors had about $18 billion in student debt. Last year, they had almost $20 billion.

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Student loans affect the whole family —
not just students

In an era of overpriced education and underpaying jobs for recent grads, older generations are not only helping pay for school — they’re getting caught after graduation in a long-term higher-education debt trap.

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High-Salary Jobs - No Degree, No Problem!

If you are not afraid of hard work and are a wizard with some wooden planks and a hammer, becoming a carpenter could be your success story. You can be smart and use the skills you already have to rake in as much as $44,778 a year.

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How Student Debt Harms the Economy

In 2010-13, the percentage of younger people owning part of a new business dropped to 3.6% from 6.1%.

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Students' Long Paths to Completion Carry Major Financial Consequences

The nonprofit group, which is heavily financed by the Bill & Melinda Gates Foundation, has as one of its mantras "time is the enemy of college completion."

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The Parent Trap: Pay for Kids College or Save for Retirement?

Parents are taking on truck loads of debt to help pay for their children’s college costs and even deciding to delay their retirement.

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Student Debt Traps Older Borrowers

A decade ago, about 3 million borrowers age 50 and older carried $42 billion in student debt, according to the Federal Reserve Bank of New York. By late 2012, it had climbed to 6.9 million debtors shouldering $155 billion. More than 80 percent of the debt borne by older consumers was for their own education rather than for a child, according to the U.S. Government Accountability Office.

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To Pay Off Loans, Grads Put Off Marriage, Children—Wall Street Journal

Between the ages of 18 and 22, Jodi Romine took out $74,000 in student loans to help finance her business-management degree at Kent State University in Ohio. What seemed like a good investment will delay her career, her marriage and decision to have children.

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Higher Education and the Job Market
– Myths & Truths

By Gene W. Kelly

When it comes to traditional thinking about the value of a college education, mythology increasingly overwhelms the truth. The prevailing mindset is that investment in a college education will prepare students for a future that provides greater economic opportunity and job security and thus, an ROI that will outweigh the costs. It's a romantic notion that is perpetuated ad infinitum and it's generally not true in today's world. Let's take a look at some hard facts that will expose the oft-peddled illusions and help reveal the truth.

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Video Articles by Gene Kelly


Why the College System is Broken—Part 1

Why the College System is Broken—Part 2

Trade Skills-the Solution to the College Myth

Why I'm Giving Away This Book,
the College Myth

Why I'm Passionate About
Learning a Trade

College Is Not The Only Path

How Trades Can Be Highly


Three Reasons Why College Bubble Will Burst

Most colleges cost too much. Students are getting into horrendous debt — now totaling $1 trillion and counting — and not finding decent paying jobs. It's hurting our long-term future. Yet the myth persists that paying a ransom for a college degree is worth it, particularly at a top-tier institution.

According to Paul Glastris of the Washington Monthly, "we're on an unsustainable path that's increasingly burdensome for the middle class — and risky."

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It’s Official: The Boomerang Kids Won’t Leave—New York Times

Annie Kasinecz has two different ways of explaining why, at age 27, she still lives with her mom. In the first version — the optimistic one — she says that she is doing the sensible thing by living rent-free as she plans her next career move.

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College Graduates' Expectations Are Out Of Line with Reality, Says Study

A new poll by consulting firm Accenture shows some striking gaps between the expectations of graduating seniors about the world of work and the experiences of recent grads who are already in the workforce. There is a big gap when it comes to salary expectations. Just 15% of this year's graduating seniors expect to earn less than $25,000 a year. But a third of recent grads report that they are making that amount or less.

The research suggests that many US college graduates are underemployed and working in jobs that do not require their college degrees.

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College Graduates' Expectations Are Out Of Line with Reality, Says Study
Three Reasons Why College Bubble Will Burst
Accenture 2013 College Graduate Employment Survey