Author Archives

Archive of the posts written by author: Veronica Hughey.

The Economic Aspect of the US Colleges


The biggest questions that students and their families ask themselves when it comes to choosing college include how expensive the college is, the reputation it has with respect to desired fields of study and how far from home these colleges are. This economics guide explains the impact of education on any given economy.

The best way to choose a college is to research the quality of education being offered and the general regard a qualification from that university is to help you transition from your student life to your working life. Here’s a list of institutions that have earned their place in the 2016 college rankings:

Comprehensive list

1. Princeton University

This University will always make it on a list of the best tertiary education institutions in America. It is an Ivy Leaguebganhjnbgfgf school that has a reputation known worldwide.

It has 4 Nobel Prize winners in its faculty. 5,391 students enroll per annum. Tuition fees average $43,450.

Popular majors at Princeton include economics, political science, public policy analysis, as well as evolutionary Biology. There are more majors on offer.

2. Harvard University

Harvard University is located in Cambridge, Massachusetts. It is one of the oldest educational institutions and one of the most respected in the U.S and most countries in the world. Harvard has the biggest endowment in the U.S. with the $36 billion, which enables the school to award 58% of freshman students with grants averaging about $42,000.

Within the main college, there are several world-class schools like the Graduate Education School, School of Engineering and Applied Sciences, Business School and Medical School and John F. Kennedy School of Government. Alumni include

3. Yale University

ghbvxzzfdfdYale University is a private institution located in New Haven Connecticut. It is one of the oldest universities in the U.S and has 5,477 new students enrolling every year. Tuition fees average $43,000 and $47,600. Yale is the best university for economic, political and historical courses as well as psychology.

Yale has a large endowment amounting $19,3 billion making it possible for at least 51% freshman to receive grants. Not everyone who goes to Yale wants a psychology degree or a law degree a great number of people choose the college because of its School of Drama.

A lot of the people who graduated from Law have gone on to become powerful people in politics and the arts like George W, Bush and Bill Clinton as well as Meryl Streep, Edward Norton and much more.

There are many more notable colleges that are great, but these three have consistently retained their positions as the best college in the U.S for the quality of education they provide and the value of the degrees they offer.…

The Past, Present, and Future of Rising Education Costs

Education forms one of the most essential sectors of any society. From the past, education has been the key area in development. But one notable thing has been the rising cost of accessing education.


The Millennials and the economy is a comprehensive report on the economy growth. Let’s see the past, present, and future of rising tuition costs.

Economic pointers

Cost of education over the time

In the past, not many people knew the value of teaching. There was low demand for this service at such a time. In bnkpnmgfg1985 for instance, education was way affordable for anyone who wanted to access it.

Today, that cost has risen by over 538%. Compared to other sectors, education cost has been on the rise more than any other. In the 1980s, college education fees used to be $3,489.

That figure has skyrocketed to $19,339 in the academic year 2011-2012. There is no sign of relenting and training cost is predicted to keep growing for the foreseeable future.

Though the rise in education cost has been witnessed over all types of schools, the private sector has had the largest increase. For a 4-year program in a public college, you will pay an average cost of $8,890. On the other hand, a private college program for the same duration will cost you $30,094.


Why the rise in education cost?

While in the past only a few people knew the importance of education, the present masses are acutely aware of how crucial education is to them. Everyone, poor and wealthy, would want to access quality education. So one would ask, what is the force behind the rising education cost?

  • Forces of demand vs. supply: there are millions of people out there seeking education services. The providers have not been able to match the ever-rising demands. Both public and private schools have not been able to meet fully the demand of education. This just translates to higher fees for those who are lucky to get slots in schools.
  • Improved education quality: Compared to the past, education standards have improved over time. Such advancement has created the need for increasing costs to cover such expenses.

The future cost of education

jmklbvxzfdfFrom stats and trends in education, the cost will never go down in the future. If anything it will keep rising as demand continues shooting and supply struggle to match up the needs.

Parents and those who seek education will continue to pay more. In the forthcoming decade, tuition cost will have almost doubled from what you pay presently.

There you have it; education cost is never coming down now or in the future.…

Small Banks are Prone to Cyber Attacks


The cyber attacks on the largest banks in the United States like the Bank of America Corporation and the JPMorgan Chase will grab the headlines. The regulators of the banking sectors like the Federal Reserve Bank of Boston, however, worry more about the smaller banks. The Boston Federal Reserve Reports are critical in the banking industry.


The smaller banks have less robust cyber security. This makes them easy targets for foreign states, terrorists, and criminals that are seeking to infiltrate the financial system of the United States.


Interconnection between banks

The banks are interconnected with each other. They do business together and also interact with the Federal Reserve nbhabvgfgfBank. Attack on the smaller bank might, therefore, affect the larger banks because of the interdependence. When this becomes the norm, it is likely to threaten the confidence and the stability of the citizens in the banking system.

There are many small banks across the United States. Most of these banks do not have sufficient financial resources to hire the technological experts to help them safeguard their system.

It is critical to note that to come up with sophisticated software to prevent the cyber threats needs millions of US dollars.

Significantly exposed

The above-mentioned factor makes the banking sector in the United States to be substantially exposed. It is this weak link that the terrorists try to exploit so that they can lift identities, steal money, and wreak havoc on the banking and financial sector of the United States. This is the concern that the regulators like the Federal Reserve Bank fear.


bnjpgfgfgfTo wreck havoc in the banking and financial system of the United States, the attacker only needs to access one small bank. By accessing one small bank, he will be able to access the other interconnected banks whether they are small or big. It is alleged that if the limited number of the smaller financial institutions stop processing some payments, then the impact would be felt.

The cybercriminals are already working around the clock to explore this flaw in the financial and banking sector. In 2015 for instance during a regular check in the banking system of a small bank in Boston, it was established that the hackers had invaded the systems of the bank.

Once the hackers gain access to the system, they do install malicious software which helps in the capturing of the financial information of the bank and the customers. The regulators, however, for security reasons did not reveal what the software was.…

6 Tips to Help in Managing Student Loan Financing after Graduation


When a student graduates from a college, it represents a major accomplishment in life. For some graduates, this represents the start of a tedious, stressful process of financing your student loan.

The student loans can quickly be forgotten when a person is celebrating his/her graduation and looking for a job but it is important to come up with a plan, not after graduation but preferably before on how the student loan you have will be financed. Do you sometimes think about student loan refinancing after graduation?

Below are some of the tips you can use.

Best tips

1. Understand your loan inside and out

Before you start the process of loan financing, it is important to know how much you need to pay. Log into the bjkpgafbbvsystem and review the total amount of student loan disbursed to you. Be updated with every type of loan you have whether federal or private. Knowledge is power as they say.

Different loans come with different grace periods. This is the period which you are given before you start paying your first instalment.

Have this knowledge and understand the duration that applies to you since they vary depending on whether you are a private student or not and the financier.

3. Pick the right repayment option

Decide on whether you are comfortable with the standard repayment plan. A student can choose to select income driven payment plan where you pay as you receive your income. This can be available for federal loans and not private loans. It is important to note that the higher the repayment period, the higher the amount being paid as interest.

4. Stay away from trouble

It is important to understand the repercussions of defaulting. Check out on the income-based repayment plan if your income is not a constant flow.
Some of such grave consequences are

  • Your credit scores being ruined.
  • The total amount you owe increases drastically
  • The government can seize your tax refund.

5. Consider prepaying if you can

If you have the financial ability, consider the prepayment option since this lowers amount of interest charged on your loan. You can always deposit extra payment anytime you have cash.

6. Paying off the most expensive loan first

bnjkpbfdfdfFor the students who have to service more than one loan after graduation, it is important to consider finishing the most expensive loan first. If you have private loans together with the federal loan, pay the private loan first since they typically carry higher interest.

In conclusion, as a student not yet graduated, it is important to think about student loan financing after graduation when still in college. For people who are already financing their student loans, treat your investment as tax, utility bill or a monthly cost that you can’t avoid because going into a default has serious consequences.…

Visit Us On TwitterVisit Us On Pinterest