Student Loan Forgiveness

Here Comes The Student Loan Forgiveness: ".... Under the latest version of President Obama’s giveaway to former college students, people with student loans that meet certain income eligibility standards will only need to pay 10 percent of their discretionary income for a maximum of 20 years. Discretionary income is the amount you earn above the poverty line for your family size. If a borrower works for a government or in a job defined as public service, they only have to pay for 10 years. After that, the remaining balance is forgiven. In an extreme case, a person could pile up $100,000 in student loans going to an expensive school, graduate, and go to work for a non-profit advocacy group with 501(c)(3) status in New York City. Imagine that our graduate stays single and is paid $40,000. She will pay only about $187 per month which will not even cover the interest accruing on her loans...."

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Universities Pay for Facebook Likes

Mish's Global Economic Trend Analysis: Popular Universities: Name of the Game is "I Like it Like That"; More Facebook Fraud: " I found it peculiar how erratic and unpredictable the top 15 list was. Why weren't Princeton and Berkeley in that list? This inspired me to look up the sources of the "likes" for the different top colleges. Turns out that similarly to life science companies and pharmaceuticals, many colleges are paying Facebook to acquire fake likes."

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The Truth About the Starbucks Degree Scholarship

There's more to the Starbucks "Scholarship" story --

Starbucks' Degree Scholarship, Not as Simple as It Seems | Inc.com: "Starbucks' Degree Program: Not Exactly an Employee Benefit -- Starbucks is not contributing any money toward the scholarship for employees studying at Arizona State, but the university does. It turns out Starbucks isn't contributing any upfront scholarship money to an online college degree program it introduced this week... Following the announcement, however, Arizona State University President Michael Crow told The Chronicle of Higher Education that Starbucks is not contributing any money toward the scholarship. Instead, Arizona State will essentially charge workers less than the sticker price for online tuition. Much of the remainder would likely be covered by federal aid since most Starbucks workers don't earn a lot of money. Workers would pay whatever costs remained out of pocket for the first two years, and Starbucks would bear no costs...."

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Starbucks college graduates might still be baristas

Starbucks offers college tuition but graduates might still be baristas | Money | theguardian.com: "Many of those college graduates who are employed are working low-wage jobs. In December 2013, the underemployment rate for college graduates was 18.3%, compared to 9.9% in 2007. In 2012, about 284,000 college graduates were working at or below the minimum wage, according to Bureau of Labor Statistics. That’s 70% higher than 10 years ago in 2002. In 2013, that number dropped to 260,000 college graduates."

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