March 7, 2012
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.
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?
May 8, 2012
The majority of college students today own smartphones and use these devices more for apps, browsing the web, checking email and texting than actually making phone calls. Here are a few that will benefit most students...and most are available for both Android devices and iPhones.
My top most recommended apps are Amazon Student and Kindle for iPhone or Android. Amazon Student has deals for students on books, electronics and much more and if you are a member of Amazon Student, you only have to pay half price ($39) for Prime membership, which gives you access to movies, TV shows and music online plus free two-day shipping anytime. The Kindle app allows you to access e-textbooks on your phone for those few minutes before class when you remember you had a reading assignment to do.
Students also have schedules filled with schoolwork, extracurricular activities, jobs and more. How do they keep it all straight? Some apps to make things convenient include The Weather Channel, Wells Fargo, Discover and Evernote. A weather app allows you to check the weather outside so you can dress accordingly, a bank or credit card app will make it convenient for you to pay your bills on the go (some even have ways for you to make check deposits without setting a foot in the bank) and note apps allow you make to-do lists and take notes which you can sync with your calendar.
Other convenient apps include translators, dictionaries and games for stress relieving. As long as you don’t mind some ads, these apps are available for free (but you can purchase ad-free versions for about $.99). What are your favorite apps?
Radha Jhatakia is a communications major at San Jose State University. She's a transfer student who had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.
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