Fabulous! We lived in Center City for about 7 years. Great place to live - and if you are unwell physically, Philly is the place to be as I learned from my own experience. I wish you the very best.
Shocked and saddened are the words that come first to mind. I do hope your journey from here on brings pleasant surprises health-wise and if not, you are able to complete the same with the same positive energy and outlook I have found in your writings over the years. Now, one selfish ask. With Humble Dollar you have created something special, something that resonates with many people. I always read your articles - but you have given voice to many, many others and these voices have much to offer. Sure, as HD winds down these folks can find other outlets. But you have created a known-quality platform that I, for one, would appreciate accessing for many years to come. If it can be done in a way that suits your hopes and aspirations, and is consonant with the demands your newly found situation has placed on your health, if someone approaches you with an offer to continue the site - and you have confidence that the continuation would meet your standards of quality and content, I do hope you will consider passing the site on to someone. I wish you and your family the very best.
Excellent article! Curiously, I used the same rule in the 70’s and made it thru college, business school and law school with debt = to 1st year’s salary. The underlying problems with higher education costs in this country are many: ill/poorly informed students and parents, rising costs that seemingly have no relation to actual cost of living rises, no accountability for education providers and lenders, an extremely favorable risk/reward ratio for lenders to name just a few. The system has no interest in regulating itself so, unfortunately, Congress will need to step in if we are to correct its problems/excesses. In normal times, that is difficult and now it is impossible. Schools and lenders should be prohibited from lending to students who have a low projected chance of repaying loans. schools and lenders (and perhaps borrowers) should pay some small portion of loan value into a fund to be used to provide assistance to borrowers who get in over their heads. Loan discharge programs should be expanded, especially for those skill sets obtainable only thru higher education that society deems essential. Loans should be more easily discharged in bankruptcy. There are many fixes available but those benefits (schools/lenders) have no incentive to act and Congress is too politically polarized to take on something that really is an easy bi-partisan fix. Frustrating.
Comments
Fabulous! We lived in Center City for about 7 years. Great place to live - and if you are unwell physically, Philly is the place to be as I learned from my own experience. I wish you the very best.
Post: The C Word
Link to comment from June 15, 2024
Shocked and saddened are the words that come first to mind. I do hope your journey from here on brings pleasant surprises health-wise and if not, you are able to complete the same with the same positive energy and outlook I have found in your writings over the years. Now, one selfish ask. With Humble Dollar you have created something special, something that resonates with many people. I always read your articles - but you have given voice to many, many others and these voices have much to offer. Sure, as HD winds down these folks can find other outlets. But you have created a known-quality platform that I, for one, would appreciate accessing for many years to come. If it can be done in a way that suits your hopes and aspirations, and is consonant with the demands your newly found situation has placed on your health, if someone approaches you with an offer to continue the site - and you have confidence that the continuation would meet your standards of quality and content, I do hope you will consider passing the site on to someone. I wish you and your family the very best.
Post: The C Word
Link to comment from June 15, 2024
Excellent article! Curiously, I used the same rule in the 70’s and made it thru college, business school and law school with debt = to 1st year’s salary. The underlying problems with higher education costs in this country are many: ill/poorly informed students and parents, rising costs that seemingly have no relation to actual cost of living rises, no accountability for education providers and lenders, an extremely favorable risk/reward ratio for lenders to name just a few. The system has no interest in regulating itself so, unfortunately, Congress will need to step in if we are to correct its problems/excesses. In normal times, that is difficult and now it is impossible. Schools and lenders should be prohibited from lending to students who have a low projected chance of repaying loans. schools and lenders (and perhaps borrowers) should pay some small portion of loan value into a fund to be used to provide assistance to borrowers who get in over their heads. Loan discharge programs should be expanded, especially for those skill sets obtainable only thru higher education that society deems essential. Loans should be more easily discharged in bankruptcy. There are many fixes available but those benefits (schools/lenders) have no incentive to act and Congress is too politically polarized to take on something that really is an easy bi-partisan fix. Frustrating.
Post: An Educated Choice
Link to comment from August 2, 2023