If you are financially savvy, then you may have heard the expression “being in the red” versus “being in the black”. Being in the red means that you are in a deficit situation whereas being in the black means that you’ll be in a good financial situation. Choosing your major as an international student is one of the most important decisions that you’ll make in your educational – and possibly your working – career. This decision will give you the tools to set you up professionally for a particular industry or niche. But be careful, this can also dictate your earning potential once you graduate and when you are further into your career. Read the rest of this entry »
A bipartisan compromise from the Senate promises to resolve the student loan interest rate increase that went in effect earlier this month. Thanks to congressional inaction, the interest rate borrowers pay on government-subsidized student loans doubled from 3.4% to 6.8% on July 1.
Though all parties agreed that something should be done, neither side could agree on a solution to the problem and, as a result, the Senate has been unable to pass a bill to deal with the issue. Read the rest of this entry »
Attention US students: Key negotiators in the Senate announced late Wednesday night that they had reached a tentative deal to resolve the recent jump in student loan interest rates.
Though the legislation exists on paper only at the moment, because the agreement came from a round of talks between key Senators from both sides of the aisle, signs are good that a compromise plan will soon resolve the stalemate that led to a doubling of student loan interest rates on July 1st. This effect can mean relief for a US students whether they stay home this academic year – or whether they choose to go abroad.
Even though details are still emerging, a White House spokesman said that students and the families can rest assured that the compromise reached Wednesday will result in lower borrowing rates this fall. Moreover, the proposal would also limit how high those rates could go over time – a key sticking point that had stalled earlier negotiations. Read the rest of this entry »
Though the darkest days of the Great Recession may be over, the lessons it taught are still valuable. Indeed, it remains just as true now as in 2008 that college-educated workers are less likely to be unemployed than their lesser-educated peers and even if the United States unemployment rate is now well below its 2008 highs, the value of a college education is, if anything, higher.
Unfortunately, so too is the cost of higher education. If tuition increases seem like they affect all students equally, however, a recent report by the U.S. Department of Education reveals that the opposite is true – at least superficially. Read the rest of this entry »
Canada has long been one of the world’s most popular destinations for international students but international student recruitment may soon become official government policy if the authors of a new report have their way. The report – which is entitled International Education, a Key Driver of Canada’s Future Prosperity – was compiled by the Advisory Panel on Canada’s International Education Strategy and calls on that nation’s federal government to bolster the recruitment of international students because, in its words, “international education is a key driver of Canada’s future prosperity.” Read the rest of this entry »
The date, long dreaded by college students and campus administrators around the US, has finally arrived. Thanks to congressional inaction, students who take subsidized government loans after Monday, July 1st will see their interest rates double from 3.4% to 6.8%.
That means that the already high burden of student loan debt – the affected subsidized Stafford loans are government student loans primarily made to US students whose families’ make less than $50,000 – will only increase. Read the rest of this entry »