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Joel Soo

Author: Joel Soo

Mentor Spotlight: Moe Bachouti, Career advice for Class of 2018

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Jun 18, 2018
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Career development and mentoring

Moe Bachouti   As the class of 2018 put on their caps and gowns to receive their diploma, they start an exciting new chapter in their lives. For many of them, this marks the end of their formal education and the start of their continuous lifelong learning. Moe Bachouti from Cambridge College speaks about how his constant thirst to learn from different people throughout his life has shaped him to become the person he is today. Below is a transcript of our conversation, it is lightly edited...

UCLA Professors Discuss the Cost of Higher Education

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May 10, 2018
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Student loans

The cost of a college education is becoming more and more expensive. A recent report by the College Board states that going to a private four-year institution costs $34,740 a year. In 1988, this number was $15,160 (adjusted for inflation). As rising costs threaten college accessibility, the US government has implemented large-scale initiatives to help students pay for college. One such initiative is the PLUS loan program. There are approximately 4.5 million students with loans from the PLUS...

Expert Interview: William Mann & Education Financing

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May 10, 2018
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Student loans

I recently spoke with William Mann, a finance professor at UCLA doing research on how corporations find capital to run their businesses. He has recently taken an interest in student loans as it draws a natural analogy with how households find money to make purchases (such as a college education). In the following conversation, William gives profound insight into his research and the higher education market as a whole. I also had a conversation with William’s co-author, Mahyar Kargar Tell...

Expert Interview: Mahyar Kargar & Household Finance

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May 10, 2018
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Student loans

I spoke with Mahyar Kargar, a finance professor and Ph.D. candidate at UCLA’s Anderson School of Management. Mahyar’s key area of interest in his research revolves around household finance. I managed to get in touch with him to talk about his work and insight in household finance. Could you tell me a bit about yourself? I am in my final year as a Ph.D. candidate at UCLA in Finance. One of the research areas I am interested in is household finance. This project was based on a conversation...

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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