Between artificial intelligence, big data, machine learning, the Internet of Things and more, many of today’s most cutting-edge technological advances are iterating at a dizzying pace. Add to that fears of automation and an upcoming recession, and employees are facing serious pressure to stay relevant in an ever-changing work environment. But what exactly is on the horizon, and how can you prepare for it now?
Spring break conjures up images of beach parties in Cancun or Miami. But while traveling during spring break can be a great way to step back from the demands of college, it’s also important to ensure your plans don’t add financial stress to your life.
After all, the cost of college — and rates of student loan borrowing — are higher than ever, a situation that’s creating a burden for millions of Americans. Considering this reality, you might choose to use spring break to make money instead of spending it.
Political commentators say he’s a long shot, but if Democratic candidate Andrew Yang does become president, he has plenty of detailed ideas on solving the U.S. student loan crisis.
“It’s deeply immoral what we have done to young people in this country,” said Yang in regards to the unprecedented rates of student loan borrowing. “We need to make very big changes.”
One of the most important things for student loan borrowers to know about Public Service Loan Forgiveness (PSLF) is that almost no one receives it… at least so far.
As of late December, just 262 people had managed to get their student loans wiped away through PSLF out of a total of 38,460 applicants, according to reports citing Education Department data sent to Congress last week. This equates to an acceptance rate of less than 1%.
Many borrowers are having a hard time repaying their federal student loans — and the government and its collection agencies are having an even harder time recouping this outstanding debt.
In the third quarter of last year, for example, less than 2% of federal loans in collections were recovered — just $2.6 billion out of $166 billion.
You’ve finished your final exams, walked across the stage, and are holding that shiny diploma for which you’ve worked so hard. Now what? I mean, after the Instagram and Snap stories.
Taking those first steps into the job market can be scary — but it can also be exciting. If you’re one of the few who know what you want to do when you started college and have earned a degree in that field, congratulations! If not, don’t worry. As few as 27 percent of college graduates work in their field of study after graduation, so if you’re still deciding on a direction or wondering “What’s next?,” you’re not alone.
Student loan debt balances have grown more than 200% over the past decade, and increasing numbers of borrowers carry student loans into their 30s and 40s. What’s more, avoiding such debt isn’t easy, with far more college students taking out student loans (69%) than not (31%).