Several years ago, I decided to take advantage of an opportunity to pursue a master’s degree in business. I had been working in finance for a while, and as someone who believes in lifelong education, I figured it wouldn’t hurt to obtain an MBA. I took the relatively unpopular route of pursuing a degree where ... Continue reading this article…
Pair a recession with escalating college tuition prices and the result is overall skepticism of post-secondary education. As the public begins to question the long-term viability of investing in the stock market after a crash, so they criticize the perceived value of a degree when the job market is difficult and loans are oppressive. There ... Continue reading this article…
I’m a big fan of a continuous education that lasts a lifetime, whether earning degrees or just gaining knowledge in topics you’re not normally exposed to. But when you start focusing on money, it’s easy to raise questions about how much education is worthwhile. There is a war over the value of higher education. College ... Continue reading this article…
Upromise is sponsoring a contest in honor of Financial Literacy Month. There are two grand prizes of $10,000, cash that can be used for higher education expenses. We touched on the topic of the cost of education on yesterday’s podcast with financial columnist Kara McGuire. I have no children, but thinking about potential children’s projected ... Continue reading this article…
Last week I offered some last-minute tax filing tips, and the IRS deadline is looming. I’m happy to tackle tax questions, and Consumerism Commentary reader Eric has one. Eric was a full-time student through May 2009, and he, like many former students, is dealing with the cost of a college education. Eric is looking for ... Continue reading this article…
This is a guest article by Investor Junkie, a blogger who writes about investing and being an entrepreneur. In the past 10 years we’ve had many financial bubbles. First it was the tech bubble, and then it was the housing bubble. But do we have a higher education bubble? Having a web site named Investor ... Continue reading this article…
Over the next couple of weeks, six finalists will be auditioning for the opening of “staff writer” at Consumerism Commentary. Each will be providing two guest articles to share with readers. After the six writers have shared their guest articles, readers will have an opportunity to provide feedback before we select the staff writer. This ... Continue reading this article…
Or maybe not. Capital One conducted a survey of high school seniors to determine how many of these young adults are prepared to handle finances on their own. The company asked the students to rate their own levels of knowledge of personal finance. The results may be interesting, but they don’t reveal anything about financial ... Continue reading this article…
I’ve often written here about the disappointing lack of financial education in schools, and it’s this same dearth of vital information that has apparently led to a new special airing on ABC this Friday: Schools teach us almost everything, but not “Money 101.” For the basics on finance, turn to UN-BROKE: What You Need to ... Continue reading this article…
If there is a college graduate in your life, he or she is about to receive a number of gifts. The first gift will be the realization that it can be difficult to find a job in this economy right now if the goal is to get a job in the same field of study ... Continue reading this article…
Although the latest figures indicate job loss is slowing, at 8.9 percent the unemployment rate is continuing to increase. Some unemployed individuals who want to take classes to build skills while looking for a job experience some roadblocks: Searching for work can be a full-time job. Finding time for all your responsibilities and desires can be ... Continue reading this article…
President Obama has proposed a number of changes that will affect how college students qualify for and receive loans to finance higher education. The plan calls for significant changes and like many other changes in the government over the past month, it is causing some controversy. Currently, the government subsidizes student loans offered by banks ... Continue reading this article…
Having done all of my formal schooling in New Jersey, some of it more successful than the rest, I was excited to see a short story in NJ’s Daily Record about a bill passing through the NJ State Senate that would require basic financial skills to be taught in High Schools. This is sorely needed ... Continue reading this article…
If the only value of higher education is the money you earn throughout your lifetime with your college degree, then SmartMoney’s recent study might help you decide where to matriculate. Ivy League schools don’t pay off as much as one might expect. The magazine surveyed the annual salaries earned by graduates of 50 of the ... Continue reading this article…
Last year, I asked in high schools should require money management classes. My point of view is that such classes should be optional and/or lessons in personal finance can be incorporated into other classes throughout middle school and high school. Not everyone agrees with me, however, considering the state of financial distress many in this ... Continue reading this article…
When I was applying for colleges for my undergraduate degree, a scholarship agent came to our house. I think he was referred to us by a friend of mine, and even then I wondered whether this was the time of arrangement where someone gets a referral bonus. The scholarship agent entered our house with a ... Continue reading this article…
A week ago, U.S. Senator Patty Murray introduced legislation proposing an investment of $250 million to support personal finance education in public schools and colleges. Education is the key to improving the financial stability of future generations, and parents have the strongest side of responsibility. While the general media doesn’t encourage fiscal responsibility through excessive ... Continue reading this article…
Existence of music education in one’s curriculum is related to higher incomes and more education later in life, according to a new study by Harris Interactive. Three-quarters (75 percent) of American adults were involved in some type of music program while in school. Half (51 percent) were involved in chorus while 42 percent had some type of ... Continue reading this article…