Filed under: Banks, Borrowing, College
When I can’t think of anything else to write about, I sometimes like to pick up a copy of US News & World Report’s America’s Best Colleges, and spend about 30 seconds flipping through to find one piece of really, really, really horrible advice.
Michigan State University’s College Employment Research Institute’s latest graduate job outlook is pretty bleak.
This year’s college graduates have a mind-boggling 40% fewer job prospects, and jobs for candidates with bachelor’s degrees are expected to drop by 1% in 2010.
Filed under: College, Kids and Money
With endowments in the toilet, state aid on the decline, and families scrounging for cash to cover tuition increases, it’s nice to know that one group of college constituents aren’t suffering: top flight, 7-figure football coaches.
An extensive study conducted by USA Today found that at least 25 college football coaches are making more than $2 million this season — up 100% from two years ago. The average pay for a head coach in the 120-school Football Bowl Subdivision is up 28% in two years and 46% in three years. The average coach in that elite conference earns $1.36 million.
Filed under: College, Real Estate
Instead of sitting on the couch watching college football, make yourself useful: go buy some college-town real estate!
According to a new report from Coldwell Banker, “Every fall, college football fans feel nostalgic for the tradition, lifestyle and spirit of their college towns as they cheer on their favorite teams. This year’s Coldwell Banker(R) College Home Price Comparison Index (HPCI) reveals that these school-centric areas also sport very affordable homes, in addition to the culture and economic stability associated with higher education institutions – making them great areas to purchase real estate.”
Continue reading College town housing remains affordable, according to Coldwell Banker
Filed under: College
Even as endowments tanked, employees were laid off, and tuition bills were hiked in the face of decimated 401(k)s and home values, the presidents of the “top” (whatever that means) private college and universities in the United States still managed to take home 6.5% more cash in 2008 than they did in 2007.
Take a look at the list of the highest paid college presidents:
Filed under: College, Kids and Money
Thursday, October 29, is a date many of you would have circled on your calender… if you still circled things on paper calenders. It’s the day SAT scores for the test taken October 12 are available online.
Continue reading SAT score online: More instant gratification for today’s kids
Over at Washington Monthly, Stephen Burd takes an extended look at one of the biggest — and least reported on — financial crises facing young people: unethical for-profit college foisting massive debt loads on their students. These debt loads often carry exorbitant interest rates and lack any consumer protections whatsoever.
The stories Burd tells are egregious: Slick, misleading advertising luring prospective suckers students into meetings with admissions officers — glorified salespeople straight out of Glengarry Glen Ross. The admissions people then lie to students about the benefits of the program, and sign them up for high-interest student loans without explaining the terms.
Filed under: College, Career, Retirement-401(k)
Are you in your 40s and trying to decide how to reinvent your life, as well as rebuild your 401(K) in time for retirement after its been devastated by the recession? You’re not alone.
Filed under: Borrowing, College, Debt, Kids and Money, Saving Money, Career, Wealth, School, Economizer, Personal loans, Student Loans
Think your kid’s college bill is pricey? Think again. For the second year in a row, Sarah Lawrence College has the dubious distinction of being the nation’s most expensive place to attend college — a whopping $54,410 for the current 2009-10 school year, including tuition, plus room and board, according to data compiled by CampusGrotto.com.
Filed under: College
The College Board released its annual report on tuition for the 2008-2009 school year and, no big surprise, it’s getting worse.
According to the Associated Press, “Average tuition at four-year public colleges in the U.S. climbed 6.5 percent, or $429, to $7,020 this fall as schools apologetically passed on much of their own financial problems, according to an annual report from the College Board, released Tuesday. At private colleges, tuition rose 4.4 percent, or $1,096, to $26,273.”