Tag: student loans

Is Going Back to School Worth the Cost?

people-woman-coffee-meeting.jpgWhether or not to continue one’s education is one of the top questions in personal finance. Even for financial experts, it is not an easy decision. However, there are some great ideas and some great information out there that can help you make the best choice for you. It may be easier than you think. Continue reading “Is Going Back to School Worth the Cost?”

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These 3 Charts About Student Loans Should Scare Everyone

Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, wrote a startling article on “the economic side effects of the student loan crisis.”

1. Homeownership is on the Decline

chart1-homeownership

2. More Student Loan Debt Among Older Age Groups

chart2-studentloan

3. College Education is Still Key to Employment and Earnings

chart3-earnings

So you have to have a college education to earn decent income and steady employment, but the cost of that degree makes it nearly impossible to purchase a home, save for retirement, etc.

Rieder offers some excellent perspective on why this is some seriously alarming data for the economy.