Weekly Education News Wrap-Up: Jan. 2nd

January 2nd, 2012 by admin

education-news-headlines-ts71086696Happy 2012, everyone! We’ll have a whole piece tomorrow on the predictions of hot careers/majors for the new year.

Middle-aged borrowers piling on student debt
Reuters
While education borrowing is up across the board, a new study by Reuters shows that the student debt burden is growing fastest for those in the 35 to 49 age group. While people aged 26 to 29 still carry the largest overall debt load, the study shows a 47 percent increase in middle-aged people’s student debt, primarily because a weak economy has pushed many into mid-career training programs.

Private loan borrowers need increased protections
U.S. News & World Report
The organization Equal Justice Works takes a stand on the confusion inherent in the student loan system, especially when it comes to private lenders, and calls for the return of borrower protections like the Fairness for Struggling Students Act of 2011 and the related Private Student Loan Bankruptcy Fairness Act of 2011.

Should student loans be dischargeable in bankruptcy?

Forbes
Piling on to the previous story, Forbes makes its own statement on student loans in the form of an opinion column by Peter J. Reilly. Reilly takes a look at some of the questionable politics that helped create the mess that is our current student loan system and outlines details on the steps Congress can take now to right the current wrongs and give some modicum of power back to the borrowers.

How to land a new job in 2012
U.S. News & World Report
Ben Baden compiles the top tips from six experts in job hunting, careers and hiring to help readers in their search for a new position in the new year. Tips include positioning yourself as a thought leader, letting the job come to you and bringing questions to all of your interviews.

Grad school math: Which degrees are worth the debt
Daily Finance
As many flee the tough job market by heading to grad school, Bruce Watson breaks down the numbers and weighs the costs and benefits of graduate degrees. Some surprising losers of this equation include a number of engineering degrees – like petroleum and computer engineering – and pharmaceutical sciences. Winners of the debt-to-grad-prospect ratio include social sciences and many hard sciences like biology and chemistry.

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