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A friend of mine, a nuclear engineer, once explained that he doesn’t bother to contribute to forums or message boards when the topic of nuclear energy is brought up anymore because people are irrational about it, interested in their own confirmation bias rather than learning or having an honest discussion. Almost everyone I know working in…
This May will be 10 years since Aaron and I graduated from university. I just looked up the cost for the upcoming academic year, which includes tuition, room, board, fees, and books, and it’s running at a rate of around $53,000 per annum. Assuming even modest annual increases, a 4-year degree would cost just shy of…
My morning was spent reading the New Hampshire Bar Journal, Winter 2010 edition because I was interested in a piece by Joseph F. McDonald, III called Migrating Trusts to New Hampshire: The “Why” and the “How”. New Hampshire, along with a very few other states, allows the existence of something known as a “silent trust” or “quiet trust”. It made me realize: I think a person could use these to drive a truck through the college financial aid process.
Yesterday, we took a look at the worst paying college degrees. Today, I want to look at a list of the best paying college degrees. It is clear that, like all things in a free society, supply and demand determine payoff. Engineers rule the day when it comes to making a wise investment in education,…
You know I’m a big proponent of following and monetizing your passion. If you want to be an artist, you should be. If you want to be a social worker, you should be. The key is, you make that decision knowing what it entails. The probabilities are substantial that you are not going to make as…
There was an article three weeks ago in The New York Times that began with the following paragraph: Nobody likes unpleasant surprises, but when Allison Brooke Eastman’s fiancé found out four months ago just how high her student loan debt was, he had a particularly strong reaction: he broke off the engagement within three days.…
I was reading a site called Student Loan Justice as well as a piece at the Huffington Post where people are talking about their “overwhelming” student loan debt that is – wait for it – $15,000 or $30,000. Basically, less than the value of a car. Or tobacco costs for a couple, both of whom smoke a pack of cigarettes each day for five to ten years. Or 4 to 8 months of pre-tax income for the average American household.
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