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Read about ISAs, mentors, and current financial news.

Mentor Spotlight: Netta Jenkins and Diversity in Mentorship

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Apr 04, 2018
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Career development and mentoring, Social justice

Today’s Mentor Spotlight focuses on Netta Jenkins, a graduate of Cambridge College and Head of Diversity and Inclusion at IAC Applications. Netta uses her experience as an agent for workplace equality to inform how she mentors. Sabrina had the chance to sit down with Netta and talk to her about her career, mentors, and the valuable lessons she has learned along the way. Sabrina: Would you like to start by giving a quick introduction of yourself? Netta: I’m Director and Head of Diversity...

Do Student Loans Make Home Ownership Impossible?

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Apr 02, 2018
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Student loans

What is the American Dream? For many, it includes graduating college, buying a home, and starting a family. However, a new article from CNBC questions if this is still possible. Below are the three main ways student loans prevent borrowers from buying a home: Many people with student loans have high debt-to-income ratios. Banks are often unwilling to provide mortgages to borrowers with high student loan debt and low incomes because student debt must be paid back before mortgages. When...

A Brief History of Income Share Agreements

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Mar 30, 2018
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Income-share agreements

Although income share agreements have become more popular in recent years, the idea dates back to the 1950s. Today, we dive into some of the most important developments with ISAs. 1955: Milton Friedman originally proposes the concept of income share agreements in his essay “The Role of Government in Education.” In the essay, he outlines an “equity investment” in which investors can buy a share in an individual’s future earning prospects. 1971: Yale University...

The Benefits of Reverse Mentoring

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Mar 28, 2018
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Career development and mentoring

In a recent article from Quartz, founder of Hootsuite Ryan Holmes illustrates the benefits of reverse mentoring, in which younger employees teach older executives new skills and ideas. Traditionally, mentees seem to reap the most benefits. However, a relationship between a young professional and a more experienced mentor can actually be symbiotic. Holmes points to specific categories that young professionals have more experience with, such as diversity, artificial intelligence, and...

Is College Still Worth the Expense?

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Mar 26, 2018
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Student loans, Career development and mentoring

Is college worth the expense for today’s youth? According to economist Rafiq Dossani, it is. Loans allow students to invest in a college education, and they tend to provide a worthwhile return. With a default rate of about 11%, student loans seem to be affordable for a vast majority of students. However, students can feel the negative impacts of loans even if they don’t default on them. For example, financial stress can damage wellbeing and force students to work extra jobs instead of...

Mentor Spotlight: Jenny Le and Getting out of your Comfort Zone

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Mar 22, 2018
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Career development and mentoring

  This is the start of our new Mentor Spotlight series, where we interview some of the talented individuals who mentor students with MentorWorks. Today’s spotlight is with Jenny Le, an indirect tax specialist at PTC. Joel recently sat with Jenny to talk about her career at PTC. Joel: Thanks for taking the time to meet with me, and before we get started, could you give a quick introduction of yourself? Jenny: So I went to college in the Peter T. Paul School of Business at UNH and I...

Will this be the Decline of Federal Financial Aid?

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Mar 19, 2018
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Student loans

    According to the Wall Street Journal, a bill to break up the government’s near-monopoly in the student loan market has cleared the house and is now seeking a vote from the full house. The bill will increase privatization of education financing, and reducing federal financial aid. This could mean that households with weaker credit scores would have fewer options to take on loans to pay for college. Unlike private student lenders, government programs like Direct and PLUS do...

LinkedIn Study: 85% get jobs through professional networking

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Jan 30, 2018
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Career development and mentoring

Published By: LinkedIn Author: Lou Adler In 2015&2016, Lou Adler, the CEO of a consulting and training firm that helps companies implement Performance-based Hiring℠ ran a survey regarding how people got their jobs. Adler studied three primary methods that people used to get their jobs; applying (online), professional networking, and internal hiring. The results of Adler’s study showed that networking, by far, was the most commonly used method people used to get their job. For people...

Mentor Spotlight: David Defronzo

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Jan 02, 2018
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Career development and mentoring

David overcame significant economic obstacles to get a college education: through hard work, perseverance, and a maturity that is hard to overstate. “I was admitted to my first choice college but could not go because of financial constraints,” David recalls. He never looked back and graduated from college in 2017 with solid academic credentials, in spite of having to work part-time to make a living. David has a passion that never ceases to impress. One of the first students in the...

WSJ - Nearly 5 million in Default on Student Loans

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Dec 14, 2017
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Student loans

Published By: Wall Street Journal Author: Josh Mitchell The number of Americans severely behind on payments on federal student loans reached roughly 4.6 million in the third quarter, a doubling from four years ago, despite a historically long stretch of U.S. job creation and steady economic growth. In the third quarter alone, the count of such defaulted borrowers—defined by the government as those who haven’t made a payment in at least a year—grew by nearly 274,000, according...

TruTV made a clever analogy on Federal Student Loans

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Dec 12, 2017
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Student loans

TruTV’s “Adam Ruins Everything” recently made a video outlining how federal student loans have changed over the years through deregulation. Using a house party as an analogy, Adam (the show’s main character) talks about the original purpose of the Student Loan Marketing Association (SLMA, or Sallie Mae) and how it has changed. The video cleverly characterizes Sallie Mae as a real person which makes for a great analogy. Originally set up as a heavily regulated government institution in...

Forbes Profiles the Rise in Income Share Agreements

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Dec 07, 2017
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Income-share agreements, ISA investing

Published by: Forbes Author: Michael Horn Intrigue with new models of student financial aid that encourage innovation in postsecondary education and align the incentives of institutions with the interests of students is growing. In particular, Income Share Agreements (ISAs), which collect a set percentage of a student’s future income as opposed to putting a student into debt, is attracting considerable attention. But ISAs are a nascent vehicle. Although their potential to address the issues of...

Income Share Agreements & Career Mentorship: The Perfect Complement

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Nov 29, 2017
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Career development and mentoring, Income-share agreements, ISA investing

  In our previous blog, we talked about how the features of income share agreements make them a smarter alternative to traditional student loans. On a high level, the key component that makes income share agreements a fantastic alternative is that there is an alignment between you and your financier. If you were to find good and a high paying job, your investors will also do better – plain and simple. This alignment means that your financier has a vested interest in your career...

4 Alternatives to Student Loans to Reduce Future Debt

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Nov 27, 2017
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Income-share agreements

In a previous blog post, we pointed out one of the many serious implications to taking on student loans (link to that blog post). With that being said, it is also very important to know that in order to raise your household income, a college degree is very necessary. Currently, student loans are the main source of funding for a college education, and students are less aware of the alternative options. Here are 4 things you can do to reduce the number of student loans you take in: Complete your...

The Implications of Student Debt

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Nov 08, 2017
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Student loans

Getting a college degree is getting more and more expensive, and students are taking on more debt to finance their education. In addition to that, demand for college degrees has never been higher. According to the National Center for Education Statistics, the employment rate for young adults with some undergraduate degree is 88%, this number drops to 69% for people with just a high school degree. With that being said, it is important to know what the implications of student debt are before...

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