Degree // Current TV

The 10 Techiest Colleges in the U.S.

There are some schools that offer students of all kinds a completely technologically... more

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Weekly Audit: Standoff Continues in Wisconsin

By Lindsay Beyerstein, Media Consortium blogger The 14 Democratic state senators... more

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11 months ago
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TRCC launches first online degree

This spring semester Three Rivers Community College will launch an online degree for... more

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1 year ago
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7 Famous Inmates Who Completed a Degree from Prison

If you're arrested and found guilty of a crime, you might think that a prison... more

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Amy Fisher

Amy Fisher, Long Island Lolita, Deep Inside Amy Fisher and more, Amy Fisher, the name... more

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15 Famous CEOs Who Didn’t Major in Business

Any students holding lofty goals of fronting their own companies someday do not have... more

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10 Surprising Celebrities With PhDs

A surprising number of celebrities have achieved PhD status, even through honorary... more

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Seven Reasons Not to Send Your Kids to College

I think reading and seeing the world would be better . What do you think ?

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50 Great Sites for Menopause Support

Menopause is difficult, but you don't need a nursing degree to get through it.... more

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A Brief History of the Diploma Mill Scam (and 10 Tips for Students to Avoid Them)

Diploma mills, or businesses that make a profit by posing as a legitimate college,... more

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10 Youngest College Graduates in U.S. History (and Where They Are Today)

The following 10 students, according to available online research, are on record as... more

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The $555,000 Student-Loan Burden

When Michelle Bisutti, a 41-year-old family practitioner in Columbus, Ohio, finished medical school in 2003, her student-loan debt amounted to roughly $250,000. Since then, it has ballooned to $555,000.

It is the result of her deferring loan payments while she completed her residency, default charges and relentlessly compounding interest rates. Among the charges: a single $53,870 fee for when her loan was turned over to a collection agency.

"Maybe half of it was my fault because I didn't look at the fine print," Dr. Bisutti says. "But this is just outrageous now."

To be sure, Dr. Bisutti's case is extreme, and lenders say student-loan terms are clear and that they try to work with borrowers who get in trouble.

But as tuitions rise, many people are borrowing heavily to pay their bills. Some no doubt view it as "good debt," because an education can lead to a higher salary. But in practice, student loans are one of the most toxic debts, requiring extreme consumer caution and, as Dr. Bisutti learned, responsibility.

Unlike other kinds of debt, student loans can be particularly hard to wriggle out of. Homeowners who can't make their mortgage payments can hand over the keys to their house to their lender. Credit-card and even gambling debts can be discharged in bankruptcy. But ditching a student loan is virtually impossible, especially once a collection agency gets involved. Although lenders may trim payments, getting fees or principals waived seldom happens.

Yet many former students are trying. There is an estimated $730 billion in outstanding federal and private student-loan debt, says Mark Kantrowitz of FinAid.org, a Web site that tracks financial-aid issues -- and only 40% of that debt is actively being repaid. The rest is in default, or in deferment, which means that payments and interest are halted, or in "forbearance," which means payments are halted while interest accrues.

Although Dr. Bisutti's debt load is unusual, her experience having problems repaying
isn't.
More-------
http://finance.yahoo.com/college-education/article/108846/the-555000-student-loan-burden?mod=edu-continuing_education

http://www.freefinancezone.co.uk/wp-content/uploads/2008/12/debt-consolidation.jpg
isn't.When Michelle Bisutti, a 41-year-old family practitioner in Columbus, Ohio, finished... more

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50 Free Career Aptitude Tests That Everyone Should Take

No matter what you’re pursuing your college degree in, you can find out what... more

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1 year ago
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The Online Solution for Aspiring Nurses | PriceDoc Talk

There is currently a high demand for nurses to become more qualified and receive a... more

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1 year ago
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Pharmacy Career Information

Detailed info about pharmacy degree options. Ideal for students pursuing a licensed... more

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2 years ago
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Nurse-Out Duels IRS Over MBA Tuition.

How One Woman Went to Tax Court and Won Deduction

A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.

The U.S. Tax Court handed Lori Singleton-Clarke her victory last month, saying the 47-year-old Bryantown, Md., woman had properly deducted nearly $15,000 in business school tuition. The Tax Court ruling should make it easier for many other professionals to deduct the expense of a Master in Business Administration degree.
After getting word of the court decision, "I nearly yelled the roof off the house," Ms. Singleton-Clarke says. "I still can hardly believe it."

The IRS's rules on deducting work-related tuition are complicated and onerous, ultimately preventing most students from deducting their tuition. But this case clarifies the rules and will likely lead to more taxpayers taking the deduction, tax experts say.

Few taxpayers decide to go toe to toe with the IRS as Ms. Singleton-Clarke did, arguing her case without a lawyer. For good reason: In 2009, individuals won only about 10% of about 300 such cases, according to data from Tax Analysts. Ms. Singleton-Clarke fought her case in Tax Court, a venue where taxpayers don't have to pay the contested tax before going to trial. The court has a special procedure for small cases.

Some of the losers, such as several dozen tax protesters who defended the filing of frivolous returns, were tilting at tax windmills. Others were simply on the wrong side of the law, including a horse enthusiast who wanted to deduct his hobby losses, an unsuccessful comedian who tried to classify his expenses as business losses, and an attorney who claimed over $100,000 in medical deductions for his visits to prostitutes.

http://finance.yahoo.com/taxes/article/108550/nurse-outduels-irs-over-mba-tuition?mod=taxes-advice_strategy

http://poietes.files.wordpress.com/2009/03/no-irs.jpgHow One Woman Went to Tax Court and Won Deduction A Maryland nurse accomplished two... more

remanns
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2 years ago
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College Degree More Expensive, Worth Less in Job Market

"Employers and career experts see a growing problem in American society - an... more

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2 years ago
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Associate’s Degrees in Unconventional Subjects

Associate’s Degrees can also cater to a specific class of students who want to... more

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2 years ago
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100 Best Open Science Courses on the Web

The courses listed here will help you get started, offering resources on a wide... more

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2 years ago
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What Kind of Advertising do Online Universities Need to Implement?

While most students from online universities do tend to be younger, there are still... more

Maryleaf
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2 years ago
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