Blog

Date Filter: 5/2018

Expert Interview: Min Zhan & the Effect of Loans on Low-Income Students

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May 17, 2018
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Student loans

Joel had the opportunity to speak with Min Zhan, a professor at the University of Illinois. Her research focuses on the economic mobility of low-income families. Zhan finds that the human capital development provided by higher education can improve the economic standing of low-income students. However, low-income students usually take out large amounts of student loans, which can have negative effects on their financial wellbeing. In the following interview, Zhan discusses the impact of higher...

What Do Higher Interest Rates Mean For Your Student Loans?

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May 15, 2018
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Student loans

Once a year, the federal government sets the annual interest rate on federal student loans. This rate effectively determines how expensive it is for students to borrow money from the government for their education. Although this interest rate has been increasing in recent years, Congress has set a ceiling of 8.25% on these loans. While the Department of Education hasn’t formally set interest rates on student loans yet, this year’s rates are expected to increase. Last year,...

The Need for More Student Loan Research

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May 14, 2018
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Student loans

With nearly five million borrowers in default on their student loans, it is clear that the policies surrounding educational finance need improvement. When student debt levels increase, it has major effects on the overall economy. If policies don’t change, the student loan crisis has the potential to negatively impact the economy in years to come. In recent years, proposals for student loan policy have been based primarily on preconceived notions and assumptions. In order to make informed...

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...

Constantine Yannelis & the State of Student Loans

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May 03, 2018
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Student loans

In 2010, student loan debt had surpassed credit card debt – taking second place behind mortgage debt, totaling at $825 billion. Fast forward eight years and this number have almost doubled to $1.5 trillion. To make things worse, five million Americans defaulting on student loans. The average student graduating in the class of 2017 owes $39,400 – what is more concerning is the number of people taking on substantial student loans ($50,000 or more). In 1992, only 2% of people who have...

Mentor Spotlight: Soumen Ganguly and TMT Consulting

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May 02, 2018
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Career development and mentoring

Today’s Mentor Spotlight focuses on Soumen Ganguly, a Director at Altman Vilandrie & Company with a specialty in telecom/media/tech consulting. Sabrina had the chance to sit down with Soumen and learn more about his path into the industry, as well as the lessons he’s learned along the way.   Sabrina: Can you give me a quick introduction of yourself? Soumen: I’m a Director at Altman Vilandrie & Company which is a strategy consulting firm focused on telecom/media/tech....

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