Like many friends from her graduating class, Daranie Ounchaidee attended a community college not far from their Indianapolis high school. In the corridors, the classmates often stopped to commiserate about the twists, turns, and missteps they had already taken on their paths to associate’s degrees.
Many work part time, prolonging their time in school. Others have changed majors or dropped courses. Most, whose parents never went to college, struggle with the red tape of registering, paying, and applying for financial aid. For them, Ounchaidee says, “it’s like there’s no ending.”
But Ounchaidee is no longer among them. As part of a select group of 40 students from low-income families in which they were the first to go to college, Ounchaidee just received her two-year associate’s degree from Ivy Tech Community College in only 11 months.
These students are among the pioneers of a new movement to speed up the ever-slowing…
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Mellody Hobson is president of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS news.
Mellody: We are talking college again, tom, but that is because it is so important! Specifically, I want to discuss the question of whether college is worth it. This is something that has been on the minds of many as we have seen college tuition prices rise and student loans burdens rising along with them. But while it is understandable that parents and students might ask this question, I am here to tell you that college is not only worth it, it is a critical step towards increasing lifetime earnings and securing a sound financial future.
Tom: Can you spell this out for us? How much is…
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In my humble opinion, college scholarship money coming from ANYWHERE that helps college students pay their tuition can NEVER be a bad thing! Think about your child, your little cousin, your sibling, young people in your neighborhood and community! How can we have hope for a better future if there is no means to reach it?
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Roland Martin talks to Dr. Michael Lomax, President of the UNCF about their controversial decision to accept a $25M donation from known Republicans the Koch Brothers.
“Koch Industries has been a supporter of the UNCF for over a decade. We have 100,000 donors annually and we have donors that represent a broad cross-section of politics in America. But they believe in one thing — helping kids go to college,” Lomax said.
Click the link above to hear the entire interview!
Interesting question to consider given this is the season of seniors graduating from high school and college.
Should only rich kids go to college? It seems like an absurd question. Yet evidence keeps mounting that, financially speaking, if you must borrow to pay for college you might be just as well off skipping higher education and going straight to work.
Some 37% of American households headed by an adult under the age of 40 have student loans outstanding—the highest share ever, according to a new report from the Pew Research Center. Their median student debt: $13,000. College loans in total run about $1 trillion and the Pew findings show that this burden weighs heavily on the finances of young Americans.
Households headed by a young college graduate with student loans outstanding have a typical net worth of just $8,700—a pittance compared to the typical $64,700 net worth of similar households only with no student loans outstanding. But that’s just the start. Those with student loans have total…
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So before you whine about another non-required book that it’s a waste of your time because you are already graduating . . .