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A new Gallup and Lumina Foundation report delved into the impact of college costs on adults' lives. It found that student-loan borrowers often delay key milestones, like having kids, because of the debt. Even borrowers with balances smaller than $10,000 have pushed off life events. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMany student-loan borrowers—even those with relatively small balances — can't progress in life because their debt is holding them back.
Persons: , weren't Organizations: Gallup, Lumina Foundation, Service, , Wednesday, Lumina, Business
In a survey, 49% of business leaders said knowing how to use ChatGPT could top having a degree. Despite this, 36% of respondents didn't see ChatGPT experience as more valuable than a degree. It's also possible that some business leaders expect that newer — and presumably younger — workers might have more exposure to AI, Nguyen said. In the survey, 36% of respondents didn't see experience with ChatGPT as more valuable than a college degree, and 12% were unsure. Some eight in 10 execs said knowing how to use AI would be even more important for entry-level workers in 2025.
Persons: , Intelligent.com, Huy Nguyen, Nguyen, there's, It's, didn't, execs Organizations: Service
From left, Claudine Gay, president of Harvard University; M. Elizabeth Magill, president of Penn; Pamela Nadell, a professor at American University; and Sally Kornbluth, president of M.I.T., at a congressional hearing in December. When Nemat Shafik, the president of Columbia University, was asked to appear before Congress to testify about antisemitism on college campuses in December, she cited a scheduling conflict and said she could not attend. The president of the University of Pennsylvania, M. Elizabeth Magill, resigned four days after her appearance at the hearing, where she delivered evasive answers about campus antisemitism. Harvard’s president, Claudine Gay, similarly gave vague responses and faced fierce backlash for weeks up to her resignation in January. Lawyers who prepare clients to testify before Congress said that while there are risks to not appearing, it is always an option.
Persons: Claudine Gay, Elizabeth Magill, Penn, Pamela Nadell, Sally Kornbluth, Nemat Shafik, Shafik, Minouche, Christopher Armstrong, , you’re, , it’s, ” Mr, Armstrong, There’s, Emily Loeb, Block, ” Sharon Otterman Organizations: Harvard University, American University, Columbia University, University of Pennsylvania, Massachusetts Institute of Technology, Education, Workforce, United Nations, Change, Lawyers, Holland, Knight, Jenner Locations: Dubai
Viewership for the women's NCAA basketball championship surpassed the men's final for the first time. Over the next three years, the TV audience for the women's final grew by 23% to an average of 3.7 million. Women's basketball popularity goes beyond championship game ratingsWe have seen other evidence of women's college basketball's emerging dominance in the sports landscape. Meanwhile, merchandise sales related to women's college basketball are also soaring. JuJu Watkins celebrates with USC fans following a win during the 2024 NCAA Women's Basketball Tournament.
Persons: , Nielsen, Caitlin Clark —, Angel Reese, Dawn Staley, Clark, University of Connecticut's Paige Bueckers, Juju Watkins, James, LeBron James, JuJu Watkins, Wally Skalij, Darren Rovell, Bruce B, Greenspoon Marder, you've, Siegal Organizations: NCAA, WNBA, Service, University of Iowa, University of South Carolina, Purdue University, University of Connecticut, Nielsen, Sports Media Watch, Louisiana State, University of South, Business, Nike, University of, University of Southern, USC, Indiana Fever, Impact, Vanderbilt University Locations: Louisiana, University of South Carolina, University of Southern California
More people are looking for a new job, and they have high salary expectations. The lowest average pay people would be willing to accept a new job reached $81,822 as of March, a new series high since 2014. That's according to the Federal Reserve Bank of New York's latest consumer expectations survey, which is fielded every four months. But to live comfortably by traditional budgeting advice, the average person needs to earn upwards of $89,000 — closer to the latest data on salary expectations — according to a recent analysis from SmartAsset. And despite a hiring slowdown, ZipRecruiter data shows more companies are actively recruiting to hire for open roles, and they're also extending more counteroffers to keep employees from quitting.
Persons: Julia Pollak Organizations: Federal Reserve Bank of New, Labor Department
The president of Columbia said the university had suspended 15 students. She promised that one visiting professor “will never work at Columbia again.”And when she was grilled over whether she would remove another professor from his leadership position, she appeared to make a decision right there on Capitol Hill: “I think I would, yes.”The president, Nemat Shafik, disclosed the disciplinary details, which are usually confidential, as part of an all-out effort on Wednesday to persuade a House committee investigating Columbia that she was taking serious action to combat a wave of antisemitism following the Israel-Hamas war. In nearly four hours of testimony before the Republican-led Committee on Education and the Workforce, Dr. Shafik conceded that Columbia had initially been overwhelmed by an outbreak of campus protests. But she said its leaders now agreed that some had used antisemitic language and that certain contested phrases — like “from the river to the sea” — might warrant discipline.
Persons: , Nemat Shafik, Shafik Organizations: Columbia, Republican, Education, Workforce Locations: Israel
US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Biden administration has published its new student loan forgiveness proposal, putting it on the path to start clearing debt for millions of borrowers this fall. Outstanding federal education debt in the U.S. stands at around $1.6 trillion, and burdens Americans more than credit card or auto debt. Here's what to know about Biden's new relief plan. More than 25 million federal student borrowers owe more than they originally borrowed, according to the Biden administration.
Persons: Joe Biden, Andrew Caballero, Reynolds, Biden, Joe Biden's, FAFSA, haven't Organizations: Madison Area Technical College, AFP, Getty, U.S, Supreme, U.S . Department of Education, Consumer, Finance, Harvard, Education Department, Education Locations: Madison , Wisconsin, U.S
Todd Miller retired at 53 because he did not want his life to be defined by his career. "I didn't have the vocabulary back then of 'financial independence,' but I said I wanted optionality," Miller told Business Insider. He picked age 50 to retire — what the personal finance industry now calls FIRE, which stands for Financial Independence, Retire Early. In 2019, just three years after the initial age target he had set for himself, Miller took the plunge and retired at 53. His passive income now funds the family's lifestyle in Phuket, Thailand, where they live.
Persons: Todd Miller, , Miller, that's, you've, shubhangigoel@businessinsider.com Organizations: Service, Business, Financial Independence, FIRE Locations: Thailand, Singapore, Hong Kong, Phuket, American, Real, Mardi, Nepal, Africa, Cambodia, Vietnam, Europe, Canada, Paris, Uganda, Asia
Nemat "Minouche" Shafik, Columbia's president, appeared before the Republican-led House Committee on Education and the Workforce on Wednesday. But there was a big difference between what those presidents said at their hearing and what Shafik said at hers. Related storyHarvard President Claudine Gay answered with, "It can be, depending on the context," while MIT President Sally Kornbluth said, "I have not heard calling for the genocide for Jews on our campus." In a similarly soft response, UPenn's president Elizabeth Magill responded, "If the speech turns into conduct, it can be harassment." AdvertisementIn Wednesday's hearing, Shafik also commented on a few controversial professors.
Persons: , Elise Stefanik, Shafik, Israel's, Claudine Gay, Sally Kornbluth, Elizabeth Magill, Magill, Kornbluth, Mohamed Abdou, Joseph Massad, Massah, Stefanik Organizations: Service, Wednesday, Columbia, Republican, Committee, Education, New York, Business, Harvard, MIT, Gay, Street Journal, Street, Middle East Institute, Hamas, African Studies Locations: Israel, Gaza, UPenn, , Dubai, Columbia's, South
It's the next step in implementing a broader version of debt relief for borrowers. Comments can be submitted to the Federal Register here, which the Education Department will then review. While lawsuits have yet to be formally filed against Biden's administration, Missouri's Attorney General Andrew Bailey wrote on X in response to Biden's relief proposals: "See you in court." And some experts said a conservative Supreme Court could likely rule like they did with Biden's first debt relief plan, striking it down. Following the public comment period, the Education Department will review comments and could choose to adjust their proposals based on the feedback they receive.
Persons: , Joe Biden, Education James Kvaal, Andrew Bailey, Biden's, Cary Coglianese, it's, It's Organizations: Service, Education Department, Federal, Higher, Department, Education, Business, University of Pennsylvania
A millennial moved from the South to Montreal in 2015 to "get cultured" and attend graduate school. He said food, safety, healthcare, and quality of life are the biggest perks of living in Montreal. But he said he wants to move back to Texas for the weather, lower cost of living, and his family. In recent years, millions of Americans have moved south. "I wish we lived in Texas now and moved to Canada later in life," Linton said.
Persons: , Dexter Linton, Linton, haven't, who've, it's Organizations: Service, Business, Lone Star State Locations: Montreal, Texas, Arlington , Texas, Kansas, Georgia, South Carolina , Florida, Canada, Linton
Among them: Chief officers and some Maui Fire Department staff used “WhatsApp” for situational awareness updates, but not everyone in the department used the app. Despite this, the collective actions by MFD and law enforcement saved many lives and property across the island,” the report says. “Battalion Chiefs initiated upstaffing for some resources on the morning of August 8” – the day the four major wildfires ignited. “MFD requested law enforcement to facilitate evacuations over the radio. “That is still under investigation with the Bureau of Alcohol, Tobacco, Firearms and Explosives,” Maui Fire Department Chief Brad Ventura said Tuesday.
Persons: ” “, , , Anne Lopez, , upstaffing, Brad Ventura, ” Ventura, Ventura Organizations: CNN, Maui Fire Department, National Weather Service, Western Fire Chiefs Association, Staff, Hawaii’s, Fire Safety Research Institute, BCs, State, “ Battalion Chiefs, ICS, Incident Command, Hawaiian Electric Company, Alcohol, Tobacco, Firearms, Explosives Locations: Maui, , Lahaina
A university spokesperson confirmed that Massad was under investigation for allegedly making discriminatory remarks, as Shafik noted in her Wednesday testimony. Massad told CNN the investigation was “news” to him and he was not aware of it prior to Wednesday. The department chair did not respond, while the dean, Amy Hungerford, referred the inquiry to a university spokesperson who did not offer any comment. “Professor Massad has chaired his final meeting of the academic review committee,” a different Columbia spokesperson told CNN. Columbia Business School assistant professor Shai Davidai, who Shafik said was under investigation for harassment, told CNN that he has never spoken against students by name, only “pro-Hamas” student organizations and professors.
Persons: Minouche Shafik’s, Joseph Massad’s, Massad, ” Shafik, , Shafik, ” Massad, , Amy Hungerford, Elise Stefanik, Mohamed Abdou, Shai Davidai Organizations: New, New York CNN — Columbia University, CNN, Columbia, Education, Workforce, African Studies, of Arts and Sciences, Republican, Arts and Sciences, Columbia Business School Locations: New York, Gaza, Israel, Middle Eastern, Columbia
Here are Wednesday's biggest calls on Wall Street: Barclays reiterates Tesla as equal weight Barclays lowered its price target on Tesla to $180 per share from $225 and said it sees a negative catalyst heading into earnings. Wells Fargo reiterates Microsoft as overweight Wells raised its price target on the stock to $480 per share from $460. Barclays reiterates Broadcom as overweight Barclays raised its price target on Broadcom to $1,500 per share from $1,405. Wells Fargo reiterates Goldman Sachs as overweight Wells said it gives a "gold star" to Goldman coming out of earnings. Truist reiterates Amazon as buy Truist raised its price target on the stock to $216 per share from $195.
Persons: Tesla, Mizuho, RCL, Hancock Whitney, Raymond James, it's, Vernova, Wells, AAPL, TD Cowen, Jefferies, Morgan Stanley, NVDA, Goldman Sachs, Goldman, Maxim, Truist Organizations: Street, Barclays, Royal Caribbean, Citi, GE, HSBC, Biotech, Apple, Microsoft, Broadcom, Education, Strategic Education, Guggenheim, Automotive, Netflix Locations: China, Gulf
Exscientia's growth was bolstered by government support: The company didn't take venture funding until 2019. Exscientia wouldn't be where it was, Taylor said, without the support of the UK higher education system and government funding. Martin Tangney, the chief scientific officer of Edinburgh-based Celtic Renewables, said the £11 million of funding his company received in 2015 from the UK government was "pivotal." Advertisement"We really believe … [that] basically, soon all drugs are going to be created with AI," Taylor said. AdvertisementClick here to find out more about how your business can benefit from Research & Development in the UK.
Persons: Ben Taylor, Achilles, Taylor, , We've, Smith, Nephew, we've, Martin Tangney, isn't, ABE, you've, Tangney Organizations: Nasdaq, University of Dundee, AstraZeneca, COVID, Celtic Renewables, biosciences, Department for Science, Innovation & Technology, Edinburgh Napier University, Government, Renewables, Research & Development, Insider Studios, UK's Department for Business & Trade, Innovation, Technology Locations: Oxford, UK, Edinburgh, Scotland, Ireland, Japan, America, India, Grangemouth
The IMF said Wednesday that increased government spending, growing public debt and elevated interest rates in the United States had contributed to high and volatile yields — or interest rates — on Treasuries, raising the risk of higher rates elsewhere. “Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar,” Vitor Gaspar, director of the IMF’s fiscal affairs department, told reporters. Higher interest rates make it more costly for households and businesses to service their loans, which can lead to defaults that cause losses at banks and other lenders, increasing financial instability. That means that even if the Fed cuts interest rates later this year — the IMF’s central scenario — US government funding costs may not fall by the same margin, he added. The IMF expects US public debt to continue rising, helping drive government debt worldwide to close to 100% of global gross domestic product by 2029, from 93% last year.
Persons: ” Vitor Gaspar, , Jerome Powell, ” Tobias Adrian, Gaspar, Pierre, Olivier Gourinchas, That’s Organizations: London CNN, International Monetary Fund, IMF, Federal Reserve, Treasury Department, Treasury, US, Federal Locations: United States, Washington
The CFPB issued an order against coding boot camp BloomTech and CEO Austen Allred. The CFPB said BloomTech, formerly known as Lambda School, deceived students. The Consumer Financial Protection Bureau issued an order against coding boot camp BloomTech and its CEO, Austen Allred, on Wednesday. The CFPB said the coding boot camp, previously known as Lambda School, deceived students about the cost of loans and made false claims about graduates' hiring rates. In addition, BloomTech must pay $64,000 and Allred must pay $100,000 in civil penalties, which will go toward a victim relief fund, according to the agency.
Persons: Austen Allred, BloomTech, CFPB, Allred Organizations: Lambda School, Consumer Financial, Business
In your 40s, financial priorities can range from taking care of aging parents to funding the activities and futures of your kids. Here are four steps certified financial planners recommend taking with your money throughout your 40s. You generally have two options for life insurance: term or permanent. Term life insurance provides coverage for a set amount of time, often somewhere between 10 and 30 years, while permanent life insurance, also known as whole life, provides coverage for the rest of your life. Term life insurance is generally fitting for people looking for affordable, temporary coverage, while permanent life insurance is more flexible and can earn interest.
Persons: Andrew Fincher, Fincher, you've, Joe Conroy Organizations: Financial
Read previewNearly three million more Americans are working than they were in January 2020, but the number of US-born workers has barely budged. Roughly 64% of these recent immigrants were working or looking for work, compared to 62% of US-born workers. Over 16% of recent immigrants worked in the construction industry, compared to 6.4% of US-born workers. Roughly 17% of immigrants worked in the professional and business industry, compared to 12% of US-born workers. AdvertisementAbout 12% of recent immigrants worked in the accommodation and food services industry, compared to 7% of US-born workers.
Persons: , Goldman Sachs Organizations: Service, of Labor Statistics, Business Locations: Mexico, New York, Chicago, US, South America, Central America, Florida , California , Texas, New Jersey , Illinois , Massachusetts, Georgia
“I’ve had to just put all of my dreams aside and focus on surviving day to day,” Jes Evans, 35, told CNN. Many who responded said they were nearing retirement age but couldn’t imagine being able to stop working, saying they would take their debt to their grave. The White House has forgiven a staggering $153 billion in federal student loan debt, giving a financial lifeline to millions of borrowers. Davis graduated from chiropractic college in 1986, with about $30,000 in debt from federal student loans. He isn’t bitter about it, and he’s not counting on a magic wand to come and zap his debt away.
Persons: , “ I’ve, ” Jes Evans, Evans, ” Evans, , Courtney Brown, they’re, ” Brown, Brown, , Gallup, Josh, He’d, ” Josh, he’s, Amy Coody, she’s, that’s, I’m, Ralph Davis, Davis, , ” Davis Organizations: New, New York CNN, Gallup Lumina, CNN, United States, Lumina Foundation, Biden, Department of Education, Public Locations: New York, Pittsburgh, United, Oregon, Wetumpka , Alabama, Savannah , Georgia
U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. The Biden administration on Tuesday released the draft text of its new student loan forgiveness proposal, which could reduce or eliminate the balances of millions of borrowers. The proposed rules should be formally published in the Federal Register on Wednesday and will be followed by a 30-day comment period. The regulatory text comes about a week after President Joe Biden revealed the details of his Plan B for student loan forgiveness. The Department of Education reviews comments from the public, it hopes to finalize the new rules and start canceling borrowers' debts in the fall, it said.
Persons: Joe Biden, Biden, Harris, Education Miguel Cardona, FAFSA, Biden's Organizations: Madison Area Technical, Truax, Tuesday, Federal, Biden, Harris Administration, Education, Finance, Harvard, Supreme, U.S, The Locations: Madison , Wisconsin, U.S
The job of commanding a nuclear submarine should go to smart and well-qualified officers. Chinese submarine officers — except for engineers — tend to come from candidates with the lowest college entrance test scores, according to a US analyst. "Life in the PLAN submarine service is difficult," Christopher Sharman, director of the China Maritime Studies Institute, told Business Insider. By stressing Chinese submarine commanders, such as confronting them with multiple or unexpected challenges, they could be goaded into making a mistake. On the other hand, a Chinese submarine captain will have had years of experience and additional training before assuming command.
Persons: Roderick Lee, Lee, they've, George McClellan, , George Patton, Christopher Sharman, Michael Peck Organizations: Service, Liberation Army Navy, PLAN, Business, Gaokao, PLA, People's, Army, PLAN Engineering University, China Maritime Studies, US Naval War, Submarine Academy, China Daily, Reuters, China's, Military Medical University, China Sea, China Maritime Studies Institute, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Japan, Taiwan, West, China, Russia, South China, Chinese, Forbes
For young men in particular, it's an enticing, if a bit troubling, prospect. For some young men, a level of nihilism about the economy leads to an impetus to take some risks. Along with the rise of new customers, problem-gambling behavior is increasing, especially among young men. The New Jersey report identified a significant prevalence of high-risk stock trading among young men. According to the National Council on Problem Gambling, some 2.5 million Americans have a severe gambling problem, and another 5 million to 8 million have a problem it considers mild or moderate.
Persons: You've, Donald Trump's, Crypto, they're, they've, Timothy Fong, we've, Fong, it's, Kahlil Philander, haven't, Philander, Davids, Goliaths, Warren Buffett, Berkshire Hathaway, Emily Stewart Organizations: GameStop, AMC, NCAA, Pew Research, UCLA, Washington State University, National Council, sportsbooks, Business Locations: America, United States, Berkshire, New Jersey, Atlantic, Jersey, Plenty
As a kid I longed to join him on his journeys and discover something of the world beyond Huntsville, Ala., where we lived. That failure, and the addictions of his that defined much of my childhood, gave me an education of a different sort. Now that I am a father, I struggle with how much of that hard world to reveal to my sons and daughters. Parents of children in Gaza and Ukraine do not have the luxury of deciding whether to tell their young ones of evils done and all the good left undone. During dinner my family and I have talked and prayed about war, poverty, racism and injustice.
Locations: Huntsville, Ala, Gaza, Ukraine
Virginia Foxx, the Republican congresswoman from North Carolina, has spent the last few months giving elite schools a hard time. As the chairwoman of the House committee on education, she oversaw a tense hearing in December that spurred the resignations of the presidents of University of Pennsylvania and Harvard. She has led an investigation of a half-dozen institutions for their handling of antisemitism claims. On Wednesday, she will preside over another hearing, this time with officials at Columbia University. The drubbing is part of a campaign by Republicans against what they view as double standards within elite education establishments — practices that they say favor some groups over others, and equity over meritocracy.
Persons: Virginia Foxx Organizations: University of Pennsylvania, Harvard, Columbia University, Republicans, meritocracy Locations: North Carolina
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