Knowledge Bound: The RSC Blog



Visit the Knowledge Bound Blog regularly for news analysis, editorials and facts about education and financial aid.

Posted on Jun 24, 2013 - 08:10 AM | Student Debt | Comments (0)

It’s the dream scenario: moving from crowded college dorms and temporary roommates to a good job and a place of your own after graduation. But too often, graduation just means different roommates or moving back in with mom and dad. What’s causing student debt? Skyrocketing tuition (up 300% since 1990) Budget cuts to state and federal grant programs (Between 2008-2011, 43 states cut their higher education budgets) Reductions in – or the elimination of – state education tax breaks Increase in private and federal loans (35% of students took ou... More
 
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Posted on Jul 09, 2012 - 06:00 AM | Student Debt | Comments (0)

We asked students to send us their top college concerns to see if we could help them or overcome these problems. Some students sent us more than one concern, which shows just how worried they and how much they’re thinking about their college futures.   Below is a list of their top concerns.   TopFourCollege Concerns   ·        Cost of college. Not surprisingly, this was the number one. The cost of college has jumped 530% in the past 30 years, financial aid has been cut, student loan terms are more stringent, and let’s f... More
 
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Posted on May 30, 2012 - 06:00 AM | Student Debt | Comments (0)

In 2007, a bipartisan Congress and a Republican president swept into law a cut in the interest rate charged on the subsidized Stafford Loan. It fell from 6.8% to 3.4%.   It’s still there, unless an extremely divided Congress fails to act before July 1.   Republicans and Democrats agree on the goal, but not the means. The political landscape in Washington, D.C., has changed dramatically. People sent to Congress to do the people’s bidding can’t even agree on a measure that is not only in their constituent’s best interest, but their own. It’s an electio... More
 
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Posted on May 04, 2012 - 06:00 AM | Student Debt | Comments (0)

People try to explain $1 trillion dollars in a variety of ways. “It’s like a stack of $1 bills stretching from here to the moon,” or “It’s more than the gross domestic product of Australia.”   It’s all very heartfelt but not very helpful when it comes to paying for college. Although President Obama and Congress are attempting to reduce student loan debt, most of their actions are not likely to have an immediate impact on the marketplace.   Impact of Student Loan Debt   Student loans, once a rarity in paying for college, are now an ... More
 
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Posted on Feb 29, 2012 - 06:00 AM | Student Debt | Comments (0)

Paying for college is often a lot like buying groceries – you want to get the best value for your money, but you also want your meal to be a satisfying experience. You look for ways to control your costs, but some of them don’t make sense, like driving all the way across town just to save 5¢ on a can of soup. In the end, you’ve spent too much for something that would have been just as good without the unreasonable effort.   It was a cost you could have controlled.   By controlling less obvious factors that affect cost, you’ll also find that you can ke... More
 
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