Yesterday, Robert Zimmer, president of the University of Chicago, and Rahm Emanuel, the mayor of Chicago, announced a new program, the UChicago Promise, designed to help Chicago residents get into highly selective colleges; if they go to the U of C, then their financial aid package will not have any loans. It will even… [Read More]
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Big sign in the Big Windy.
At the Museum of Contemporary Art.
Paying for College: Consumption and Investment Spending
This post is a bit of a think piece, but it may give some perspective on educational costs. To start with, in measures of household spending and savings, education is categorized as consumption. The US is on the low end of household savings internationally. We’re also on the high end of college costs relative to… [Read More]
The Tension Between Living for Today and Preparing for the Future
Lately, I’ve been thinking that the conundrum in personal finance is this: tension between living for today and preparing for the future. I have friends and relatives who died long before their time, and friends and relatives who were going strong in their 80s and 90s. I don’t want to be so focused on saving… [Read More]
