Student loan defaults continue to grow and the worst is yet to come

graduates

The student loan default rate for fiscal 2009 surged to 8.8%, up from 7% in 2008.

Two years ago critics warned that government-backed student loan defaults would rise.  The question was how soon would taxpayers feel the pain.  This month, the U.S. Department of Education provided part of the answer when it reported that the default rate for fiscal 2009 surged to 8.8%, up from 7% in 2008.

 

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Spending on pets in the U.S. increases during recession

pampered pet

Americans will spend more than $50 billion on their animals this year.

Mary Louise Mills has a says her three dogs are spoiled rotten 9-year-old shih tzu named Annie Lulu after Mills’ grandmother, and two Pekingese — 7-year-old Miss Daisy May and 4-year-old Elmer, whom she sometimes calls Fudd.  And she says her all three of her dogs are spoiled rotten.

 

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Private colleges cutting tuition costs

seton hall

Seton Hall University is offering discounts up to 66% on tuition.

Discounted programs and other ways to save are being offered by a growing number of private colleges and universities.  Students and families have been turned off by the potential six-figure tuition bills from private colleges.  So some are cutting their prices.

 

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Mud run – world’s messiest fitness trend

mud run

USMC Mud Run North Carolina 2010

All types of runners are going wild for mud runs. A mud run is a  hybrid of Marines training and adventure racing, the multi-mile events mix running and military-style obstacles such as wooden walls, water crossings, and mud pits to challenge competitors. These grimy races have exploded in popularity—hundreds of competitions are scheduled in 2011, and there’s still time to sign up for one near you. Here’s a guide to popular mud runs across the country.

 

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More than a third of all digital photos taken in a year are on Facebook

facebook photos

The volume of photos on Facebook are 10,000 times larger than the Library of Congress.

One picture may be worth a thousand words, but Facebook photos could be worth 140 quadrillion words, which is equal to 140 billion photos — more than a third of all digital photos taken in one year.

 

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Beware red light camera scam steals your identity

red light camera

This new scam will have you seeing red.

Some people may manage to escape the fines from traffic light cameras but most of us simply pay up without thinking about it or questioning whether the charge is valid.  Tricky scammers are taking advantage of that lazy human tendency, making a handful of money and stealing identities in the process.

 

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