Are College Students Borrowing Too Much or Not Enough? March 7, 2012 by Alexis Mattera Did you have to take out student loans in order to pay for all or part of your college education? Probably, as total student loan debt passed total credit card debt for the first time and is approaching the $1 trillion mark, but the bigger problem could be that college students who truly need to borrow are not doing so.ADVERTISEMENT In a new analysis of student debt published in AEA’s Journal of Economic Perspectives, researchers Christopher Avery and Sarah Turner explain that overemphasis in news coverage of students drowning in debt is scaring people away from taking on healthy debt. They say that capital investment one takes on with a student loan is growing – males with college degrees make $600,000 more in their lifetimes than peers with only high school degrees – but just one in six full-time students at four-year colleges who are eligible for a student loan do not take one out. Why? The study cites rational self-control, short-sightedness and risk factors like the difficulty of predicting future earnings but also reveals that many loan-less students accrue debt by relying heavily on credit cards to cover educational expenses and half work more than 20 hours per week – a schedule that could hurt their chances of graduating on time or at all. There’s much more to the study here but what’s your take on student loans? Is borrowing worth it if it's done responsibly or is it best to use loans as a last resort in funding your education?Get instantly matched to scholarships that meet your skillset, strengths and unique talents. Our search algorithms match you to scholarships that fit your profile. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.
Top Scholarships for High School Seniors Graduating 2023 August 17, 2022 by Ashley Eneriz College is just around the corner, but you still have plenty of time to win scholarships for high school seniors. Now is the best time to start applying because it is your last chance to qualify for
Will Taking a Semester Off Hurt My Scholarship Money? August 5, 2022 by Ashley Eneriz College is a big commitment and burnout is easy if you don’t pace yourself. That said, taking a semester off is a normal thing to do while pursuing your degree. Whether you need a quick break for
FAFSA Myths You Need to Stop Falling For July 26, 2022 by Ashley Eneriz The Free Application for Federal Student Aid — more commonly known as FAFSA is the key to funding your college education. Not only can the FAFSA connect you to grants, scholarships, and work-study
5 Ways to Increase Your Chances of Winning a Scholarship June 28, 2022 by Ashley Eneriz Everyone wants to win a full-ride scholarship and enter their freshman year without financial stress. However, the reality is that you have a greater chance of winning smaller scholarships to aid
Which Student Loan Is Best for Me? June 13, 2022 by Ashley Eneriz The new semester is just around the corner, which means it is time to start thinking about how you are going to afford the new school session. Student loans can be taken out any time of the year and
Asian Pacific American Heritage Month 2022 Scholarships May 25, 2022 by Liz Montenegro As we celebrate Asian Pacific American Heritage Month, we reflect on the enormous contributions of Asian Americans and share their culturally rich history. Asian Americans and Pacific Islanders make
Travis Scott's Foundation Awards 100 HBCU Student Scholarships May 20, 2022 by Liz Montenegro Now in its second year, Travis Scott’s Cactus Jack Foundation awarded $1 million dollars to 100 high-achieving Black high school seniors with financial need. This scholarship, known as the Waymon
The Obama-Chesky Voyager Scholarship for Public Service May 18, 2022 by Liz Montenegro The Voyager Scholarship was implemented by the Obamas in partnership with Brian Chesky, Co-founder and CEO of Airbnb, who donated $100 million to this program. The mission of this scholarship is to
Top 4 Summer Jobs For High School Students May 13, 2022 by Liz Montenegro Summer is a great time to experience new things outside of the hectic school year routine. For students who want to beef up their resume, make some money, and have a little fun along the way, working
PG&E Better Together STEM Scholarship May 11, 2022 by Liz Montenegro Applications are currently open for the Pacific Gas & Electric (PG&E) Corporation Foundation’s Better Together STEM Scholarship! Ranging from $2,500 to $10,000, the program is available to students