Setting really far over to the side the fact that I think everyone (even the humans I don’t particularly want to hang out, drink coffee, and chat about politics with) is entitled to an affordable college education, here’s a new take on calculating students loan factors. U.S. News and World Report has a piece [...]
Setting really far over to the side the fact that I think everyone (even the humans I don’t particularly want to hang out, drink coffee, and chat about politics with) is entitled to an affordable college education, here’s a new take on calculating students loan factors. U.S. News and World Report has a piece about the different tools available for students to use for figuring out their potential future earnings and what that might mean vis-รก-vis paying back their student loans.
Included in the list of future-salary calculators is the soon-to-be-launched Human Capital Score. It’s in beta right now, and can therefore currently be accessed for free by anyone who’s interested. (Once it’s officially launched, I’m assuming it’ll cost you in some way, shape, or form). Unlike traditional FICO scores, the Human Capital Score figures out a given student’s future ability to pay back the money they borrowed for college using the student’s SAT scores, their high school GPA, their undergraduate major and their undergrad GPA.
It’s interesting in so far as HCS is utilizing a different set of variables when calculating student loan factors. However, while I do appreciate it when the system tries new and exciting approaches to measuring people’s potential, I still tend to take issue with the obsessive need to measure people in the first place, especially when it comes to deciding who deserves how much education based on test scores and possible future earnings. Again with the standardized test scores meaning more than they should and the in-it-for-the-potential-to-do-good careers getting shafted.
Sampling of Salary Calculators:
SalaryExpert.com
Salary Wizard
Glassdoor.com
PayScale.com
National Association of Colleges and Employers (usually free at college career centers)
Posted by Alexa Harrington
