Valuable insights from Lynn O’Shaughnessy
a nationally recognized college expert.
March 18, 2010
Federal Student Loan Reform: Biggest in a Generation
Congress is on the verge of enacting the biggest federal student loan reform in a generation. I’ve been following the high-stakes fight on Capitol Hill between the student lending giants and the Obama administration for some time, but I didn’t feel compelled to share the news until the legislation looked like a sure thing. The Democrats have tucked the federal...
February 11, 2010
How Much College Loan Debt is Too Much?
The typical student graduates from college with $23,200 in college loan debt. That figure, which comes from a recent study from the Project on Student Debt, only includes student loan debt. The $23,200 tab does not include money that parents borrowed through the federal PLUS loan program, a home equity line of credit or by dipping into retirement accounts. Is...
February 9, 2010
Schools With the Best College Financial Aid – For Now
What schools offer the best college financial aid? Last month, I wrote this post: 51 Colleges With the Best Student Financial Aid. Please take a look at the list because it includes schools with awesome financial aid policies that will reduce your stress about how you will pay for college. Researchers from the University of Pennsylvania and Amherst College assembled...
December 27, 2009
10 Colleges Where Sports Are Cash Hogs
Which universities spend more on sports than classroom instruction? In my latest college blog post for CBSMoneyWatch, I shared the list of the Division 1-A schools that spend the greatest percentage of its revenue on sports. On the list, you’ll find the top 10 college sports cash hogs, as well as the 10 schools that spend the smallest percentage of...
November 24, 2009
The Ugly Side of College Student Loan Debt
I’m going to be surprised if the soaring level of college student loan debt doesn’t become a political issue. The number of student loan defaults and delinquencies are rising. The latest statistics on student loan delinquencies are shocking. The Student Lending Analytics Blog just crunched the Federal Reserve numbers on student loan delinquencies and came up with these dreary stats: More...
November 15, 2009
The Horrors of Student Loan Defaults, 529 Plan Tax Deductions and More
Here are links to my college blog posts for CBSMoneyWatch for the past week: The Horrors of Defaulting on a Student Loan In some respects, the college admission process can be fun. It’s fun to visit colleges and it’s fun to receive acceptance letters in the mail. What’s not fun is paying for college. Sometimes that turns into a nightmare...
July 6, 2009
A Troubling Catch in the Student Loan Forgiveness Program
The new federal student loan forgiveness program sounds like a great idea, but it’s not nearly as helpful as it could be. The public service student loan forgiveness plan is intended to help college students who are leery about going into lower paying public-service and nonprofit jobs, such as teaching and social work, because of their student debt. To nudge...
June 26, 2009
College News On the Weekend
I wanted to share with you three college posts that I wrote this week for my other college blog at CBSMoneyWatch. Hope you enjoy them! 1. Shrinking Your Federal Student Loans A great federal program will begin this coming Wednesday that will provide relief to many borrowers who are struggling with repaying their federal student loans. 2. Declawing the FAFSA...
February 10, 2009
The Great College Hoax
If you want to be scared straight about college costs, read a Forbes Magazine article entitled The Great College Hoax.The piece argues that graduates who believe that a college degree will start them off on a yellow brick road that leads to greater salaries and a $1 million lifetime advantage over the poor souls who never make it past high...