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...nation's biggest student loan company, Sallie Mae, and polling firm Gallup just released the results of a survey, conducted in May, of 1,400 undergraduates and their parents about how they plan to pay for college this year. One in five parents borrowing money reported either taking out a second mortgage of more than $10,000 or charging some portion of college expenses to a credit card. In a study released earlier this summer, consumer advocate U.S. Public Interest Research Group (PIRG) found roughly a quarter of students reported billing their tuition to a credit card. Such borrowing practices...

Author: /time Magazine | Title: Putting College Tuition on Plastic | 8/20/2008 | See Source »

...were using credit cards to pay tuition bills, no parents and only 15% of students said they were doing so because they thought they'd get a better interest rate. Nearly half reported using Visa or MasterCard to finance their education because they had no alternative. Some 3% of survey respondents said they have resorted to withdrawing money early from retirement savings, which can carry up to a 10% penalty...

Author: /time Magazine | Title: Putting College Tuition on Plastic | 8/20/2008 | See Source »

...Another troubling finding: some 70% of survey respondents said they didn't consider what a student's potential post-graduate income would be. This is bad news for today's college students, who graduate with an average of some $9,000 in credit card debt, which will cost young wage earners more the longer it takes to pay back. Aggressive on-campus marketing by credit card companies "equates signing up for a new card to impulse shopping," says PIRG spokesman Ed Mierzwinski. "No one tells students that if they don't buy off the balance each month, the price...

Author: /time Magazine | Title: Putting College Tuition on Plastic | 8/20/2008 | See Source »

...During months of discussion, a majority of the Polish public consistently opposed basing the shield in the country. But a GFK Polonia survey taken right after the the agreement was signed indicated a change of mood. As much as 58% of those polled supported the deal, while 38% opposed it. The telephone poll was taken from a sample of 500 people...

Author: /time Magazine | Title: Behind Poland's Defying Russia | 8/18/2008 | See Source »

...trouble with spelling are punished when it comes to applying for jobs or even filling out forms, even though their mistakes are far from unusual, says Jack Bovill, chairman of the British-based Spelling Society, an international organization that has advocated simplified spellings since 1908. A 2007 Spelling Society survey of 1,000 British adults found that more than half could not spell embarrassed or millennium correctly and more than a quarter struggled with definitely, accidentally and separate...

Author: /time Magazine | Title: Making an Arguement for Misspelling | 8/12/2008 | See Source »

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