University of Illinois

University of Illinois

More College Graduates are Filing Bankruptcy Now than Ever Before

Students go to college to learn more about the world around them, learn a trade or profession, and the end goal is to get a job that will allow them to pay the bills.

Unfortunately, with the job market in such a dismal state, this is not the reality that is awaiting many recent college graduates. Instead, they are graduating with more debt than ever before and, without a job to help them pay off their debts, many students are now seeking protection from their outstanding debts by declaring bankruptcy.

According to a survey released by the Institute for Financial Literacy, the percent of college graduates who have earned a bachelor’s degree and owe some sort of debt has increased from 11.2 percent in 2006 to 13.6 percent last year. Interestingly enough, the percentage of those who have not finished college or who only have a high school diploma and are in debt has decreased.

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Joe Paterno’s Milestone Highlights Week 10 of College Football

Penn State Coach Joe Paterno

Some big games in the Big-10 stole the spotlight in college football this past weekend. For games involving the national championship picture, check the “BCS Reactions” post.

1. A Living Legend— There’s really nothing new that can be said about Penn State’s Joe Paterno, but that’s because he’s done the same thing for over 40 years: Win football games in a classy manner. No matter who you root for, you have to love it when a great man like Paterno reaches an accomplishment like 400 wins. With the Nittany Lions down 21-0 at home to Northwestern in the 2nd quarter, it looked like the milestone victory would have to wait a week, but Penn State reeled of 35 straight points to make Paterno the only coach in D-IA football history with 400 career wins. Read the rest of this entry »





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