The Season of Giving for Community Colleges

Student loan debt statistics continue to shock. Just two years ago, America's average student loan debt was estimated at about $27,000. A recent study from Fidelity Investments reveals that 70 percent of students who graduated college in 2013 borrowed money from various federal, state, and private sources to help pay for their education. They left school with an average debt of $35,200, a 35 percent increase.

The Fidelity study also found that 50 percent of those 2013 graduates who had taken out student loans expressed surprise by how much debt they had accumulated. That's another shocking statistic demonstrating how difficult it is for many college-age students to visualize their lives when the borrowing phase of their student loans is over and the dreaded repayment phase begins. And that's not a good place to be.

The bottom line is that student loans are not optional arrangements between you and your lenders. They have to be repaid. They cannot be ignored or put off, and federal law stipulates that they cannot even be discharged via bankruptcy. If you default on your student loans, you can have your tax refunds intercepted, a portion of your wages garnished, judgments or lawsuits issued against you, or collection fees added to your loan balances – not to mention harassing calls and tactics from aggressive creditors.

That's why it's critical that if you are a student loan borrower, you learn how to manage your loans and create a budget to make

Careers: Brewing and Wine Making

One of the more popular and less conventional fields of study at community colleges today is a degree in beer crafting or winemaking.

• While these programs may not seem like paths to lucrative professions on the surface, the truth is that the wine and beer industry is a booming one in the U.S. and beyond.
• Check out these community colleges that offer training in a long-standing craft that continues to be highly sought after today.

Canva generated this photo of a craft brewery.

The Booming Business of Beer Crafting

According to a report at Blue Ridge Now, craft beer is a U.S. industry that is growing by leaps and bounds.

• The article cites numbers from the Brewers Association that show the $26.8 billion industry grew to 27 percent of the $100 billion beer market in 2021.
• The total number of craft breweries in 2021 is 9,118.

“I think it’s a great idea for a school to start this kind of program,” Andy Cubbin, co-owner and head brewer at Southern Appalachian Brewery, told Blue Ridge Now. “I think [the craft beer industry] is growing about 15 or 16 percent a year.”

The Community College Times reported earlier this year that providing a degree program in beer crafting gives community colleges another avenue to do what they do best, namely, offer training for employment opportunities right in their neighborhoods.

The announcement of a significant increase in Stafford loan rates could pose a problem for some community college students. Despite reassurances from Congress that a deal is coming, those looking for ways to pay for their postsecondary education continue to be left in a bind at this point. On the other hand, many community colleges have done away with the Safford loan option for other reasons, and students are finding alternative methods for footing their tuition bills. Check out how community colleges are dealing with the issues involving Stafford loans and finding other ways to help their students financially.

Stafford Loan Rates Doubling?

MPN Now reports that the failure by Congress to address student loan rates has resulted in a doubling of the rates for Stafford loans. Without intercession by lawmakers, students could see rates of 6.8% on loans taken out for the upcoming school year. Last year, those rates were just 3.4%.

The rate hike applies to subsidized Stafford loans, which are those in which the government pays the interest while the student is still attending college. Subsidized Stafford loans make up about one-quarter of all Stafford loans issued. Unfortunately, they are also the loans that typically go to the neediest students.

Susan Romano, director of financial aid at Finger Lakes Community College in New York, told MPN Now that the changes may prompt students to look for other ways to pay for their college education.

“I think it’s going to make families

As federal lawmakers appear unable to make progress in the student debt crisis, state lawmakers in Oregon are moving ahead with a plan to make higher education more affordable and debt-free. The proposal, known as “Pay it Forward, Pay it Back,” is a unique approach to footing the climbing bill of postsecondary education today. The bill has been approved by the state legislature and is expected to be signed into law by Oregon Governor John Kitzhaber later this month.

What is Pay it Forward, Pay it Back?

According to the Oregon Working Families Party website, this new piece of legislation, officially dubbed House Bill 3472, offers access to higher education without accumulating large amounts of debt. Students attending public universities and community colleges would be able to do so without paying any tuition upfront. After the student leaves college or university and enters the workforce, these students would pay a percentage of their income directly to the state’s higher education funding.

Under the current proposal, students graduating from a four-year public school would pay 3 percent of their income. Those graduating from a community college would pay 1.5 percent of their income. Payments would be deducted directly from the individual’s payroll, much like social security taxes. The payments would increase or decrease according to the individual’s income amount and would continue for a full 24 years.

Pay it Forward, Pay it Back was the brainchild of a group of students at Portland State University in collaboration with