24th April, 2009 - Posted by Brendan - No Comments
As you may know President Obama met with Credit Card Company executives earlier this week pledging to enact new rules that will eliminate fine print, sudden increasing interest rates, and late fees. Both the House and the Senate are pursuing bills to give consumers greater protections as an expansion of new rules slated to take effect » Read More
24th April, 2009 - Posted by Alan - No Comments
In the NYTimes article In Grim Job Market, Student Loans Are a Costly Burden, Mark Kantrowitz, publisher of FastWeb.com and FinAid.org, recommends that students follow a simple rule of thumb. “Do not borrow more than your expected starting salary for your entire undergraduate education,” he said. “If your starting salary is going to be $40,000, » Read More
22nd April, 2009 - Posted by Brendan - No Comments
A recent Wall Street Journal article advises that many lenders are experiencing higher default rates both on Federal FFELP loans and Private Education Loans, due to the current economy and levels of unemployment. The article mentions that defaults on student loans are skyrocketing amid a weak job market for graduates and steadily rising tuition costs,” The Wall » Read More
16th April, 2009 - Posted by Brendan - No Comments
While recently reading the New York Times I came across an interesting article that I thought I would share. This year is really like no other year, since schools are seeing increased enrollments due to the current economy. For high school seniors applying to college, this has been an April unlike any in recent memory, » Read More
7th April, 2009 - Posted by Alan - No Comments
People Capital announced the launch of the next generation of its Human Capital Score™ http://www.humancapitalscore.com, a model that provides a more appropriate measure of the creditworthiness of a student. Built on research developed at The Wharton School of the University of Pennsylvania Insurance Department, the Human Capital Score uses academic merit data such as GPA, » Read More
3rd April, 2009 - Posted by Alan - No Comments
Shhhhh. We are excited to (quietly pre-) announce that the latest version of the Human Capital Score™ now projects the possible income paths of college students in the 10 years after graduation. This makes it possible to evaluate the likelihood that a student’s income may reach a certain threshold in a given year, or that » Read More