Generation Debt

For students seeking education, solace, and help concerning finances. Generation Debt recognizes the consequences of pursuing "the dream", and the reality is that “money makes the world go round” ...man, got dough? Generation Debt (n.) definition/description included in About section Submissions welcomed. Disclaimer: I am in no way connected to Anya Kamenetz. I have just utilized her terminology that appeals to the discourse in which Generation Y and their future is discussed--but then again, when have labels ever been the best choice.

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Kiplinger's Personal Finance Magazine-"Your Guide to Making Money Work"-Finance, Personal Finance recently released their ranking of top private schools that offer great education and financial packages.

They also have a list showcasing academically strong and affordable State and Public institutions.

My school, Scripps College, ranked 5th in the 'top ten private schools with lowest student debt'.

Hm, I wonder how they calculate the average? Do they just look at those who are on financial aid or do they include the whole student body? And when they give statements on who all is on financial aid, how are they presenting those numbers? 

I've began journaling a list of questions I want to start asking my Financial Aid office, as well as questions that will give me the clearest understanding as to what to expect when I graduate and my loan payments kick in.

Do you know the ins and outs of your Financial Aid office Generation Debt?

[generationdebt-blog]

A haven of information concerning todays economy (and innovative ways to thrive as well as possibilities to transform). Go indulge Generation Debt.

[10confessions]

hmm. a response. what about your response? 

(ps. these pictures are uploaded on fb by my friends. donno where they got em, but they’re not really mine.)

[generationdebt-blog]

When i started seeing these on Facebook, my first thought was to ask this person...have you taken the time to question why is it that others will never be faced with the daily sacrifices you make? Do you question the structural advantages that work for some and may/may not work against you? I completely respect "doing what you have to do" because, heck, life is about choices. But are some people's choices more limited than others? Why are why not? [Potential tangent beginning...must fight urge...] 

What's your response to these statements Generation Debt?

[ninapilar]

Behind the New Sharing Economy

It’s one thing to buy a vintage lamp on Craigslist, but in the wake of the Airbnb home-vandal scandal, would you rent a stranger your SUV or office desk? These seven start-ups are betting that, with added security from insurance and online transparency, you sure will. They’re targeting hard-to-disrupt industries (travel, hotel, and auto-rental) by enabling people to buy and rent directly from one another. Here’s how it works.

[generationdebt-blog]

Submissions

Please feel free to submit research, books, advice, websites, anecdotes, policies etc. that will be helpful to conversation concerning student debt, youth employment/unemployment, scholarships, grants, student discounts, and anything else you can think of that benefits Generation Debt.

Submit! Submit! Submit!

Think, what would be most helpful to see on Generation Debt?

[comicallyvintage]

What?

[generationdebt-blog]

"What's your life about, enlighten me Is you gonna live on your knees, or die on your feet Take out that student loan, and pay off your college degree And do exactly what you see on TV"

Ab-Soul, Kendrick Lamar-AbSouls Outro, Section .80 Mixtape

[generationdebt-blog]

"Paying Off Student Loans One Gift at A Time"

From what I skimmed, this seems like a good idea. Reminds me of when you would get a $50 dollar government bond from Uncle Joe & Aunt Pam...you would always think, "I get to spend it later..right?"

Only qualm, is that this site doesn't provide a system to prevent taking on a loan. Nonetheless, it offers a solution--a pretty good one at that. I'm going to look further into this and let you know my results.

P.S. Also check out Lily's List blog, which gives specified advice for handling student loans: http://lilyslist.com/blog/

How do ya'll feel about this?

[generationdebt-blog]

About

Attending a prestigious liberal arts institution, I am constantly made aware of various activities and causes happening on campus. Berated daily with a hodgepodge of 'student updates', administrative dribble, email threads of clubs I forgot I signed up for--this wealth of information never sends my heart racing quite the same way as an email from the 'Students Accounts' office. Those are my favorite. Often marked as 'important' and highlighted red, I always make sure I have something stable to lean and/or sit on before clicking on them to open (something about them just makes me faint...perhaps the excitement). 

Generation Debt (n.) :

1. phrase coined by Anya Kamanetz to describe teens, 20 somethings, and 30 somethings of today who face the psychological and lived experience of U.S. economic setbacks and follies.

2. a platform to allow discourse, venting, discovery pertaining to personal finances in the wake of burgeoning independence* for those a part of Generation Y (The Millenials). 

3. a site that provides easily, digestible information for those in the thick of grappling with being young and in debt, for those seeking to avoid the seemingly inevitable, or wanting tools to better navigate the terrain.

4. a site that encourages Milenials, particularly students, from various backgrounds to share in what ways they have been affected.

This site, Generation Debt, was inspired by family members, friends, acquaintances, news stories, the movie Reality Bites, and all those 1) who've dreaded going to the financial aid office 2) whose throats get dry when seeing "confidential"/"important" stamped on an envelope and 3) who will never register for classes on time since their accounts are constantly on hold, thanks, Students Accounts, thanks. 

*In response to my "I'm-18-and-I-can-do-what-I-want" argument, my father told me matter-of-factly, "You're grown when you can afford to be grown". Talk about getting SHUT DOWWNN.