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		<title>Start the Weekend Right Link Series – Volume #3, Edition #1</title>
		<link>https://www.jerseysmarts.com/2015/04/03/start-the-weekend-right-link-series-volume-3-edition-1/</link>
					<comments>https://www.jerseysmarts.com/2015/04/03/start-the-weekend-right-link-series-volume-3-edition-1/#respond</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Fri, 03 Apr 2015 12:30:54 +0000</pubDate>
				<category><![CDATA[Random Entries]]></category>
		<category><![CDATA[bachelors degree]]></category>
		<category><![CDATA[Benefactors Donors]]></category>
		<category><![CDATA[College]]></category>
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		<category><![CDATA[Monmouth Mall]]></category>
		<category><![CDATA[Roman Catholic]]></category>
		<category><![CDATA[SimpleTuition]]></category>
		<category><![CDATA[Start the Weekend Right]]></category>
		<category><![CDATA[Student Loans]]></category>
		<category><![CDATA[Traditional Degrees]]></category>
		<guid isPermaLink="false">http://www.jerseysmarts.com/?p=9144</guid>

					<description><![CDATA[It has been a long time since I posted one of these Start the Weekend Right Link Series entries. But I have too many posts building up behind the scenes on this blog and in my Feedly reader so I need to start clearing them out and getting them out there for you to consume. [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>It has been a long time since I posted one of these <em>Start the Weekend Right Link Series</em> entries.  But I have too many posts building up behind the scenes on this blog and in my Feedly reader so I need to start clearing them out and getting them out there for you to consume.  Before you check out of work and begin whatever celebrations you&#8217;ll be involved with this Easter weekend, take a look at some of these links &#8211; I think you might enjoy this content.</p>
<p>Before we get to the links this week I again recommend signing up for a free <a href="http://www.feedly.com/" target="_blank">Feedly</a> account.  I get absolutely no kickback for promoting Feedly, but I&#8217;m so appreciative of their product being the best RSS reader on the internet that I encourage everyone to use it.  If you&#8217;re using another RSS aggregator, please consider following JerseySmarts.com at <a href="http://www.jerseysmarts.com/feed/" target="_blank">http://www.jerseysmarts.com/feed/</a>.  If you&#8217;re already on Feedly, then you can follow us <a href="http://cloud.feedly.com/#subscription%2Ffeed%2Fhttp%3A%2F%2Fwww.jerseysmarts.com%2Ffeed%2F" target="_blank">by clicking here</a>.  Thanks!</p>
<div style="padding-left:50px;">
<a href="http://vitamintalent.com/vitabites/no-you-are-not-running-late-you-are-rude-and-selfish" title="No You Are Not" target="_blank">No, You Are Not &#8220;Running Late,&#8221; You Are Rude And Selfish</a>, <strong>Vitamin T</strong><br />
The message of this article is, as the title alludes to, that all of those times you or a coworker comes to a meeting late are not driven by outside factors, but rather by the fact that you&#8217;re a rude person.  And on top of that rudeness, you&#8217;re a selfish punk who only cares about themselves.  Personally, I agree with the message here, but living in New Jersey drops more than a few grains of salt on this article.  When I was in college, I knew a kid who showed up to all of his classes late &#8211; and always with a cup of Dunkin&#8217; Donuts coffee in his hand.  <em>He</em> was a rude, selfish idiot.  On the other hand, I&#8217;ve seen people arrive to work (and even meetings and appointments) over an hour late because of the completely ridiculous nature of the traffic and road construction in most of this state.</p>
<p><a href="https://nplusonemag.com/issue-14/the-intellectual-situation/death-by-degrees/" title="Death By Degrees" target="_blank">Death By Degrees</a>, <strong>n+1</strong><br />
The best preview I can give for this article is this quote that is taken from it:  &#8220;Like the market for skin care products, the market for credentials is inexhaustible: as the bachelor’s degree becomes democratized, the master’s degree becomes mandatory for advancement. Our elaborate, expensive system of higher education is first and foremost a system of stratification, and only secondly — and very dimly — a system for imparting knowledge.&#8221;</p>
<p><a href="http://www.theatlantic.com/business/archive/2015/03/manual-labor-all-night-long-the-reality-of-paying-for-college/388045/" target="_blank">Manual Labor, All Night Long: The Reality of Paying for College</a>, <strong>The Atlantic</strong><br />
Typically, the commentaries that <em>The Atlantic</em> publishes are too buried in far left talking points (and shoddy ones, no less) that I can&#8217;t find the usefulness of their content.  This article is a little bit different, though I don&#8217;t take the same bleeding heart stance as some of the folks quoted in the article.  In short, the article talks about how some students opt to work an overnight shift to get tuition reimbursement for their local college.  I believe the writer&#8217;s stance is along the lines of how we could allow this type of near-torture for someone who wants to get a higher education.  As someone with a deep history in student loans, I don&#8217;t often feel bad for others who have to go through difficulty to get a degree.  My comment on this topic, though, is that we should be looking at the larger educational system and why we push nearly all high school students to pursue a college degree when many of them should be pushed towards vocational and technical schools instead.</p>
<p><a href="http://www.popecenter.org/commentaries/article.html?id=3158" target="_blank">An unusual victory for donor intent at Trinity College</a>, <strong>The Pope Center</strong><br />
One of the topics that I love following is how a donor&#8217;s intent is followed &#8211; or completely ignored &#8211; by organizations that are the recipients of the donor&#8217;s financial contributions.  Martin Morse Wooster details a recent victory for donors that took place at Trinity College.  This is really fascinating stuff (or at least I think so).  And if you&#8217;re an active donor to your church, college, or any other cause, then I encourage you to give this article a read.</p>
<p><a href="http://www.csmonitor.com/Technology/2015/0303/Google-rethinks-Google-spinning-off-several-successful-pieces" target="_blank">Google rethinks Google+, spinning off several successful pieces</a>, <strong>Christian Science Monitor</strong><br />
Goodbye, Google+!  Several years ago I wrote about how I was shutting down several of my social media accounts (MySpace and LinkedIn) because it was just becoming too much to handle and all I really needed was Facebook.  As the years went by and Google tried to shove Google+ down our throats, I had to open up one of their silly accounts and &#8211; like the majority of their users, apparently &#8211; I almost never used it.  Now, hopefully, Google will retreat from social media and I can put that silly, useless Google+ profile to rest!</p>
<p><a href="http://www.americancatholic.org/news/report.aspx?id=14508" target="_blank">Homeless man of deep faith given funeral, burial in Vatican City</a>, <strong>American Catholic</strong><br />
I just thought this was a touching story and a reminder that there are good people out there who will do good things for people of devotion.  I&#8217;d like to believe that this homeless man&#8217;s soul was received into glory with the same reverence that his body was received by the Vatican.</p>
<p><a href="http://www.theatlantic.com/business/archive/2015/03/a-new-life-for-dead-malls/387001/" target="_blank">A New Life for Dead Malls</a>, <strong>The Atlantic</strong><br />
Alright, so <em>The Atlantic</em> gets two mentions this week because this story is just awesome.  I&#8217;ve written on here in the past about how I can go nuts trying to use all of my &#8220;stuff&#8221; before buying new things.  For me, it&#8217;s not a matter of frugality, but rather a matter of not generating the need to create additional products and/or waste to give me something that I already have possession of in one form or another.  That&#8217;s the point of this article &#8211; that old, dead malls are actively being repurposed for a wide variety of uses &#8211; and it&#8217;s pretty cool!</p>
<p><a href="http://www.returnofkings.com/56957/7-basic-life-hacks-men-shouldnt-ignore" target="_blank">7 Basic Life Hacks Men Shouldn&#8217;t Ignore</a>, <strong>Return of Kings</strong><br />
Simply put &#8211; if you&#8217;re a guy and you&#8217;re reading this, then you should stop and click over to <em>Return of Kings</em> to read this article.  It&#8217;s excellent, direct, and gives you good advice on what you should be doing to improve yourself.  Some of the advice that the writer offers includes reading daily, working out, eating right, and not watching porn.  Each of these &#8220;life hacks&#8221; have intensely positive outcomes for you as a man and when combined they can lead to a dramatically improved life.  Take five minutes and give it a read.
</div>
<p>Before you go, I want to recommend one more time that you consider opening a free <a href="http://www.feedly.com/" target="_blank">Feedly</a> account.  You can follow <a href="http://cloud.feedly.com/#subscription%2Ffeed%2Fhttp%3A%2F%2Fwww.jerseysmarts.com%2Ffeed%2F" target="_blank">JerseySmarts.com</a> on Feedly or you can <a href="http://www.jerseysmarts.com/feed/" target="_blank">add us to your existing RSS aggregator</a>.  Enjoy!</p>
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		<title>Alarming Trends in Private Student Loans</title>
		<link>https://www.jerseysmarts.com/2009/08/28/alarming-trends-in-private-student-loans/</link>
					<comments>https://www.jerseysmarts.com/2009/08/28/alarming-trends-in-private-student-loans/#comments</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Fri, 28 Aug 2009 15:30:10 +0000</pubDate>
				<category><![CDATA[Student Loans]]></category>
		<category><![CDATA[College]]></category>
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		<category><![CDATA[Federal Reserve Board]]></category>
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		<category><![CDATA[information]]></category>
		<category><![CDATA[Lauren Asher]]></category>
		<category><![CDATA[Loan]]></category>
		<category><![CDATA[SimpleTuition]]></category>
		<guid isPermaLink="false">http://www.jerseysmarts.com/?p=3745</guid>

					<description><![CDATA[Private student loans suck. I have one private student loan and one federal government student loan and I would much rather have the federal government loan than the private one. First of all, the private loan has an absurd interest rate. Second, the inept organization that gave me the private loan once recorded me as [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Private student loans suck.  I have one private student loan and one federal government student loan and I would much rather have the federal government loan than the private one.  First of all, the private loan has an absurd interest rate.  Second, the inept organization that gave me the private loan once recorded me as not having made a payment&#8230;while the loan was in deferral status!  Idiots!</p>
<p>Anyway, the Project on Student Loan Debt released a press release the other day regarding some alarming trends on private student loans.  I&#8217;ve included it below for your information.</p>
<blockquote>
<div align="center">As Student Debt Rises, More Undergraduates Go Straight to Most Dangerous Loans</p>
<p>New Analyses Find Disturbing Trends and Inadequate Disclosure Rules</p></div>
<p>Berkeley, CA – In 2007-08, nearly two-thirds (64 percent) of undergraduate students who borrowed private student loans did not take out all they could in safer, more affordable federal loans, according to an analysis released today by the Project on Student Debt. In addition, the proportion of all undergraduates who took out private loans increased dramatically – from five percent in 2003-04 to 14 percent in 2007-08.</p>
<p>“Private student loans are one of the riskiest ways to pay for college,” said Lauren Asher, president of the Institute for College Access &#038; Success, home of the Project on Student Debt. “Both the federal government and colleges should do more to prevent students from taking out unnecessary private loans.”</p>
<p>Like credit cards, private loans usually have variable interest rates that are higher for those least able afford them – as high as 18 percent in 2008. But unlike credit card debt, private loans are nearly impossible to discharge in bankruptcy. They also lack important consumer protections that come with federal student loans. Private loan borrowing has slowed since the credit crunch, but these risky loans remain available from major lenders.</p>
<p>Among the Project’s findings:</p>
<p>• While experts agree that private loans should be used only as a last resort, the share of private loan borrowers who could have borrowed more in federal Stafford loans increased dramatically, from 48 percent in 2003-04 to 64 percent in 2007-08.</p>
<p>• Private loan borrowing is not limited to students at high-priced schools. In fact, the majority of private loan borrowers (63 percent) attend colleges with tuition and fees of less than $10,000.</p>
<p>• Among all racial and ethnic groups, African Americans are now the most likely to borrow private student loans. The percentage of African-American undergraduates who took out private loans quadrupled between 2003-04 and 2007-08, from four percent to 17 percent.</p>
<p>New Disclosures Inadequate<br />
“Without stronger consumer protections, students will continue to be vulnerable to aggressive private loan marketing tactics and inadequate information about their borrowing options,” said Asher. The Federal Reserve Board recently finalized regulations for new consumer disclosures for private student loans, as required by Congress last year. However, the Project’s analysis of the new rules reveals the Board did not go far enough to warn consumers about private loans and make them aware of other options.</p>
<p>“We are very disappointed by the Federal Reserve Board’s decisions. The disclosures will not have the effect that many in Congress had hoped,” said Asher. “These weak regulations underscore the need for mandatory school certification of private loans so schools can intervene when a student has better financing options, and for a consumer financial protection agency that would more effectively protect students and families from dangerous private student loans.&#8221;.”</p></blockquote>
<p>If you&#8217;re in need of a student loan, I strongly urge you to go with government programs over private ones.</p>
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