College Costs Op-Ed in New York Times

College Costs Op-Ed in New York Times

By The Banker | Blog Posts, Personal Finance

The New York Times has a great Op-Ed today about the Expected Family Contribution (EFC) calculation, which I recently encouraged all parents with college-bound kids to check out. My main take-away from looking at my own family’s EFC estimate on the College Board site was jaw-dropping because there is Just.No.Way. Where would an ordinary (non-wealthy) [&hellip

The Good Old Days of Filing Income Taxes - 1948 Edition

The Good Old Days of Filing Income Taxes – 1948 Edition

By The Banker | Blog Posts, Personal Finance, Taxes

For Throwback Thursday, the first day of Spring, and just three weeks until income tax returns are due, I offer up this vintage 1948 Federal income tax for 1040. My friend – whose grandfather worked in the steel industry in Youngstown, OH – found his old tax return and thought Bankers Anonymous readers would get [&hellip

One Source of College Costs: Administrators!

One Source of College Costs: Administrators!

By The Banker | Blog Posts

A friend sent me an article this week regarding some of College Advisor Julie’s comments about the rise in college administrators. The article, linked to here, presents the following dramatic assertions: 1. Non-academic administrative positions at Universities have doubled in the last 25 years, without a proportionate increase in students served. 2. During that same [&hellip

Interview Part II: Advisor on Whether College Is Broken

Interview Part II: Advisor on Whether College Is Broken

By The Banker | Audio Posts, Personal Finance, Texas

This is Part II of an interview with Julie, a College Advisor, who talks about whether the old 4-year college model even makes sense. Please also see related posts: Interview Part I – The Rising Cost of College And College Savings and Compound Interest   Michael:    Hi, my name is Mike and I used to [&hellip

Interview Part I: Advisor on the Rising Cost of College

Interview Part I: Advisor on the Rising Cost of College

By The Banker | Audio Posts, Personal Finance

In this interview, Julie – a college advisor, offers her perspective on the rising cost of college, which has become financially unfeasible for most middle class families in the last 25 years. Please see related post on Compound Interest and College Savings THE INTERVIEW: Michael:    Hi, my name is Mike and I used to be [&hellip