Through independent research and innovation, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.


GrassHopper

Jump With Confidence

The problem today is that many students experience financial hardship after college because their expectations of what opportunities their degree will bring are unrealistic. With 55% of students relying on student loan funding (65% for four-year college students) many students don’t accurately forecast their sobering future balance sheets. GrassHopper addresses this problem by providing a unique opportunity for young adults to develop and test their collegiate and young-life plan against the realities of the marketplace. It is through accurate and realistic data, and managed expectations that these young adults can successfully embark on their new lives without falling into some of the pitfalls of matching post-college expectations with post-college costs.

Comments

1

    • Bridget Johnson
    • Jan 23, 2012

    Every day I see credit reports with student loans in deferment. Many times the current balance is higher than the original balance (unsubsidized loans). I don’t think that we give our young people a realistic view of what a college degree is worth. Too often people are taught that they should get a degree at any cost. Although there are non-financial reasons to get an education (so you can spend your life a job you enjoy) many times, from a financial point of view, the end does not justify the means. I am grateful for any and all attempts to show students what they can truly expect from their college education.

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