The article draws parallels between Indiana University's successful football strategy—focused on being fast, physical, and relentless—and potential improvements in college education leadership, suggesting that adopting a similar mindset could enhance educational outcomes.
Less than half of U.S. adults believe college is worth taking on student loans for, with only 22% saying it's worth it even with loans. The economic outlook for Americans without a degree has improved, but the earnings gap between degree holders and non-degree holders remains. Tuition costs have significantly increased over the years, and the Biden administration is working to forgive student debt, facing criticism from Republican lawmakers.
Walmart is offering high-performing managers the opportunity to earn over $400,000 annually through stock grants, with Supercenter managers eligible for up to $20,000. This is in addition to a new average salary of $128,000 and the potential to earn up to 200% of that in bonuses. The company aims to attract and retain managerial talent, with 75% of managers having started as hourly workers, and a new program for recent college graduates and current students. Walmart has also announced an increase in the average hourly pay for U.S. workers to $18.
Experts say that despite the drawbacks, a college education remains the best option for learning problem-solving skills, working effectively in diverse groups, and gaining exposure to different perspectives. College graduates tend to have better career and financial outcomes, earning 75% more on average than high school graduates and experiencing lower unemployment rates. While it's possible to find success without a degree, a bachelor's provides flexibility and resilience in navigating vocational adversities. Affordability can be addressed by exploring options like community college, public universities, and scholarships. Parents are advised to encourage their children to approach college as consumers and make the most of their investment. Ultimately, the decision should be made through open dialogue and coaching, considering long-term career prospects and the soft value of a college education.
Rapper Nicki Minaj has offered to help a 14-year-old boy who shot and killed a man to protect his mother in Chicago go to college. The incident occurred when the man was attacking the boy's mother, and the boy intervened with a gun. Nicki Minaj praised the boy's actions and said she would be willing to help him with his education. The mother and son were initially charged with first-degree murder, but the charges were dropped due to insufficient evidence.
The interest rates on new federal student loans will increase by about half a percentage point from their current levels starting July 1, with undergraduate student loans facing the highest level since 2013. The changes affect only new federal student loans, not existing loans. Loan relief ongoing: The interest rate on all federally-held student loans has been set to zero since March 2020 under the freeze on student loan payments, which the Biden administration has extended repeatedly.
Dennis "Maliq" Barnes, a senior at the International High School of New Orleans, has chosen to attend Cornell University in the fall after receiving over 180 college acceptance letters and more than $10 million in scholarship offers. Barnes plans to enroll in Cornell’s College of Engineering to pursue a degree in computer science. He has already earned 27 college credits through dual enrollment at Southern University in New Orleans and has maintained a 4.98 GPA at IHSNO. Barnes is set to graduate on May 24th.
Sam Dogen, a pioneer of the FIRE movement who retired at 34 with a $3 million net worth, is returning to work 10 years later to afford his children's college education. Despite earning hundreds of thousands of dollars in passive income, he says the high cost of higher education in the US means he needs to work to make the math work. Dogen plans to take an entry-level role in video coordination with the Golden State Warriors, a passion play that pays around $40,000. He says the flexibility of remote work policies and the desire to escape boredom are other reasons he's returning to work.
Sam Dogen, a pioneer of the FIRE (financial independence, retire early) movement who retired at age 34 with a $3 million net worth, is returning to work at age 45 to afford his children's college education. Though his day-to-day expenses are covered by passive income, he estimates it could cost as much as $1.5 million to send both of his children to college. Dogen plans to work through their college years and reassess from there, and is interested in opportunities in video production or working with a sports team. He cites the flexibility of remote work policies as a reason for his desire to return to work.