Online Asian Dating Websites – Tips to Get Asian Women Interested in You

Ever wondered why many Asian American singles are rushing to Asian dating sites to find love? The answer is simple – you cannot miss your partner at Asian dating sites. To start with, there are many options available for singles online at Asian dating websites. This is due to a large number of singles who are opting for online way of getting love. Since online services are online, there are many features they exhibit. For instance online dating is very flexible. It does not matter where you are or what you are doing, you can always find love online. This is because these websites are accessible to you twenty four hours a day seven days a week. Furthermore, you have absolute freedom to choose who you want without any pressure. It therefore means that you can be able to get the partner of your choice without any pressure at any time you want. Another advantage of Asian dating sites is the fact that they make it easy for you to get your partner. Other than you walking from one place to another to get your partner, all you need to do is to study the profiles given and make appropriate choices. It therefore means that your work load is greatly reduced. Furthermore, it is less expensive since you can easily get your girl without spending a penny. Traditionally, it used to be expensive since you had to walk to your preferred partner thus spending a lot. These dating services though ensure that you spend nothing. How many times are people disappointed whenever they talk to a girl? This disappointment is a thing of the past with Asian dating websites. That is why Asian American singles are rushing to online dating. This is largely because online dating houses singles online who are ready for a relationship and thus no much hustle. Apart from giving you a chance to choose the partner you want, online dating also is very accommodating too. This is in line with the different characteristics exhibited by human beings. There are different people with different tastes. Asian dating websites houses many people from different regions thus enhancing diversity. It therefore means that you get the partner of your choice. Traditionally, it can take long before you locate your partner. This is because getting the partner with your preferred characteristics can be a challenge. It therefore may take you years trying to locate the chosen one for your life. Asian dating websites though offers you a different picture. At these websites, you locate your partner very fast. Once you have identified your probable other half, you only need to say a word and yes you are off to the lifelong enjoying journey. You probably have heard a lot of enticing characteristics of Asian people. For instance, Asian men are known to be respectful to their marriage, so loving, so providing and always available for their family. On the other hand, Asian ladies are known to be faithful, submissive, good at house chores and very loving. All these enticing characteristics you can get at Asian online dating websites. All you need is to click that button and everything will change within a minute. With numerous advantages that online dating offers, it becomes evident that it is hard to ignore online dating websites. That is why many Asian American singles are looking for love online. If you want therefore to join a long list of beneficiaries, this is your chance to do so. Do not even think about waiting; just start enjoying your relationship now. Published at:

Online Asian Dating Websites – Tips to Get Asian Women Interested in You

It has been said that asian ladies are the most demure, caring and thoughtful among all other ladies out there. With that, it is not really surprising that more and more Asian dating websites are popping up everywhere due to increasing demand. But if you ever came across these Asian personals, you would know that capturing the attention of these women is not easy at all. Do not worry though – for here are some simple tips to help you get started: 1. Do not look too macho in your pictures, but rather soft Have you ever heard of Keanu Reeves and Brad Pitt? You would definitely have and also know that they are actually the more popular Hollywood stars in Asia. And they have one thing in common – they come across as pretty boys, rather than macho men. So hide your six packs and turn into a pretty boy and you will definitely be able to attract a lot more attention from these Asian females! But of course, being too skinny or too plump does not help much either – you need to know how to achieve the perfect blend of not too macho yet still strong enough to give them a sense of security. Once you are able to achieve that, you would be able to capture their attention a lot more. 2. Do not boast or brag in your own profile A lot of Asian women, especially Filipino and Indian women, have commented that they are actually pretty turned off by the opposite sex who boast about the number of dates or the number of girlfriends they have before, or that they are earning a lot of money. It is much better for one to be coming across a modest and regular guy with uncommon and unique interests in order to capture their hearts. The reason is because most of the ladies whom are on online dating sites actually have a lot of experience in this field and probably have came across many different type of guys before and would be able to detect lies easily. 3. Upload as many pictures as you can, but only the better ones As you are communicating with these Asian women online, the best way for them to get to know you better is through your pictures. After all, who would want to agree on a meetup outside of the Web if she have never seen your picture before? By uploading as many pictures as you can, you would be able to get her interested if your pictures are fun and interesting one, as Asian singles enjoy browsing through lots and lots of pictures. With these three simple tips, I believe that your success with Asian women through these dating websites or personal ads will increase by more than three fold! Remember though – rejection is part of the game, and if you do not succeed the first time, do not give up and continue pushing on and you will be able to see the success with ladies you have always wanted. Published at:

Asian Women For Marriage and Single Girls at Asian Dating Sites

Why do you have to visit the Asian sites of dating to find the women Asian for the marriage? You do have to find them at these places. You can seek an Asian single woman at the school or the shopping mall. However, the search for an Asian single lady to the Asian Web sites of dating is easier than other social places. The primary reason is there are thousands of local Asian women who were recorded at these online services of dating that you can meet. All the Asian women and single girls on these sites are free and available for a relationship. Thus, you undoubtedly know that you can come into contact with any of the Asian single woman on these sites of dating. The best of all, some completely free Asian sites of dating are connected chooses the ones with the others without charging any fees. The Asian girls for the marriage on these Asian sites of dating are faithful and honest. If you seek just in the short run, then you cannot gain his heart. They seek the serious companion, not for the sex. The Asian women do not seek the sexual associates on line. They seek a long-term relationship which can accumulate a family. A family with children is their favorite. The Asian girls for the dating on line hide their feelings the dates first which you leave with them. To say I love you the dates first can be inadequate with the Asian girls. They need hour to understand their associates initially before they are in love you their men. Even they do not reveal much, they study carefully about their associates. Were you ever in New York, the United States? If so, you must visit the city from China in New York City. There are thousands of sexy Asian women there. They usually enter the couples. They are not the single women as you not thought. Some of them are single and the others are not available. We speak about the Asian women for the marriage with the Asian sites of dating. When you will seek the free Asian dating on Google, you will see that several of Web sites appear on the results of a search. You select a site of the three principal first page. You look at this Asian service of dating and you will see Asian thousands of women for the dating awaiting their associates. They are single and available for the dating and can go further for a marriage. Many Asian sites of dating provide the means of finding the women Asian for the marriage on line these last years. The research of the love and the romance of Asian on line is common nowadays when we live on this electronic world. There are some distinctions between the Asian women and the Western girls as you knew. The Asian women for the marriage are honest, faithful, quiet, and respectful. You cannot know an Asian woman deeply if you not reading the articles which speak about it. You can date an American single woman and you will not apply the same methods to the Asian women. Well, the Asian women for the marriage are completely different. They do not reveal as much as the Western girls. They keep the interior and they hide their feelings. Published at:

Asian Trade Leads | Tax Structure in Asian Countries and Asian Trade Data in Asia

Rising incomes will propel millions of Asians into the middle class, affecting not only intra-regional trade between rapid growth markets, but global trade as well. Rapid growth markets and Infrastructure Sector in Asia and Asia-Pacific can benefit from expected trade growth in the region. Through vertical specialization, the contributions of these economies are increasingly complementary, enabling every country in the region to thrive. As per Asian Trade Data, for most Asia-Pacific economies, trade with the Middle East and Africa (MENA) will grow faster than trade to the Eurozone. Meanwhile, India will be the fastest-growing trade route for almost every economy in the region. Trade Policies will change thus enabling trade growth. Overall, the US will remain the single largest growth opportunity for Asia- Pacific rapid growth markets. Our recent research found that more than half of Asian companies that conduct a significant amount of business outside of Asia are operating in the US. Future trade patterns differ from sector to sector. For example, with the rise in per capita income (PCI), markets for many consumer goods are taking off. The boom in demand for consumer durables means that consumer product companies will need to differentiate their offerings to remain competitive. Tax Structure in Asian Countries is changing making Asian Trade Leads an important business need for businesses. Machinery and transport will dominate goods trade, with information and communications technology (ICT) equipment accounting for most of the growth. The shipbuilding industry will expand rapidly, benefiting countries such as South Korea. A Directory Energy and Directory Railways, Directory Chemicals will be important for business owners. By contrast, lower value-added products, including clothes and shoes, will primarily drive exports of manufactured goods from Indonesia and Vietnam. Over the coming decade, Asian trade data in services exports is also set to increase sharply, with financial services showing particular dynamism in Asian Banking. While the most vibrant financial centers in the region – Hong Kong and Singapore -— are likely to strengthen and consolidate their positions, we also expect emerging centers in Shanghai, Beijing and Seoul to grow rapidly. We expect Asia’s rapid growth markets to increase their share of global consumption from 14% to 25% by 2020. But what would happen if Asia’s middle class expands faster than expected? How would this impact domestic demand and intra-regional trade? Machinery and transport will dominate goods trade, with information and communications technology (ICT) equipment accounting for most of the growth. The shipbuilding industry will expand rapidly, benefiting countries such as South Korea. A Directory Energy and Directory Railways, Directory Chemicals will be important for business owners. By contrast, lower value-added products, including clothes and shoes, will primarily drive exports of manufactured goods from Indonesia and Vietnam. Over the coming decade, Asian trade data in services exports is also set to increase sharply, with financial services showing particular dynamism in Asian Banking. While the most vibrant financial centers in the region – Hong Kong and Singapore -— are likely to strengthen and consolidate their positions, we also expect emerging centers in Shanghai, Beijing and Seoul to grow rapidly. Published at:

Asian Financial Crisis – How to Learn From the Past

The 1997-1998 Asian Financial Crisis: How Did Asia Fall?

The great 1997 Asian Financial Crisis (AFC) affected most countries in Southeast Asia as well as other Asian countries. During the times of trouble, people in the AFC affected countries feared that the crisis would spark a global economic meltdown.

The starting point of the monetary crisis was the collapse of the Thai baht. In 1997, the Thai government’s decision of floating the Thai baht resulted in a financial collapse of the currency. While Thailand failed to maintain the value of its currency, the country’s economic condition was degrading significantly. The crisis resulted in layoffs in several sectors such as construction, real estate, and finance. Around 600,000 foreign workers and a huge number of local workers lost their jobs following the national crisis. January 1998 was Thailand’s lowest point; the baht reached its lowest rate of 56 to 1 US dollar. Meanwhile, before the crisis, the rate was 25 units to the dollar.

In Indonesia, severe financial crisis hit the country in August 1997. The government did not see this coming because in June 1997, the monetary condition of the country was at its best. The sudden crisis was triggered by numerous protests against the incumbent government. Political instability soon led to an awful financial and national security crisis. Intense devaluation started to develop in November 1997 and reached its peak in early 1998. The country lost 13.5% of its GDP in 1998 and the rate of the Indonesian rupiah plunged to 14,000 to 1 US dollar while before the crisis, 1 dollar only cost roughly 2,600 rupiah.

In South Korea, the crisis was also known as the IMF crisis. While the macroeconomic fundamentals of the national country were stable, many South Korean banks were burdened with non-performing loans in order to fund aggressive expansion of large companies. Huge establishments such as Kia Motors, Hyundai Motors, Samsung Motors, and Daewoo Motors asked for excessive loans and failed to return their debts. In 1998, Kia Motors was taken over by Hyundai Motors, Samsung Motors was liquidated, and Daewoo Motors was sold to the US-based company General Motors. At the same time, the value of the South Korean won continued to decrease. From the normal rate of 800 won to 1 US dollar, the rate decreased to 1,700 won to the dollar.

The People’s Republic of China was one of the few Asian countries that remained unaffected by the severe financial crisis. China’s renminbi (RMB) remained stable with the exchange rate of 8.3 RMB to 1 US dollar. RMB’s non-convertibility policy actually protected the currency from speculators that it helped China become one of the few Asian countries with the strongest financial stability. However, although China did not suffer from currency rate fluctuation or deficit in GDP, the AFC did slow down the growth of China’s GDP. To overcome this issue, the Chinese government soon implemented new policies to overcome the country’s financial weaknesses such as relying mostly on trade with the United States and having too many non-performing loans.

Unlike China, Japan was pressurized by the AFC but did not collapse. This is due to the fact that about 40 percent of their exports were aimed at Asian countries. Due to the crisis, most of these countries had to cut back on their imports and thus this affected Japan’s economic condition. To overcome this problem, the products that were supposed to be exported to Asian countries were sold massively, which caused the rate of the Japanese yen to fall to 147 yen to the dollar. From 1997 to 1998, Japan’s GPD continually dropped from 5% to 1.6%. Even worse, in 1998, recession occurred due to heavy competitions between manufacturers, which lead to more bankruptcies.

On the other hand, other countries in Asia such as the Philippines, Hong Kong, Malaysia, and Singapore also underwent financial crises. In general, these countries suffered from GDP deficit. While the Philippines suffered from 3 percent GDP deficit, Malaysia lost 5 percent of its GDP during the AFC.

IMF’s Confession of the Wrong Handling of the 1997 Asian Financial Crisis

During his Asian tour in February 2011, the managing director of the International Monetary Fund, Dominique Strauss-Kahn, confessed IMF’s mistake in handling the 1997 and 1998 Asian Financial Crisis in front of the president of the Republic of Indonesia, Susilo Bambang Yudhoyono. While handling the crisis, the organization did not take into account about the differences in political and historical condition of each Asian country. As a matter of fact, those differences are significant as different issues require different handling approaches. During his speech, Strauss-Kahn said that the IMF did some things right but he also humbly admitted that “we also did things wrong, and we have to accept this”. By accepting the mistake, Strauss-Kahn also meant that the International Monetary Fund has learned a lot from the AFC.

How to Prevent the Financial Crisis from Recurring?

To avoid the AFC from recurring, Asia should learn from the past. As Asia progressively develops, competition is never static in this region. Many things have to be improved and reformed due to years of delay. For these reasons, we cannot take for granted the current momentum of Asia’s economic growth as well as the surfacing markets. Indeed Asia still relies heavily on imported goods and technology from developed countries. Yet, if economic performers in Asia are not careful enough to stick with themselves in the trade cycle, this region may experience another financial crisis.

Looking back, the AFC was triggered by various factors such as too much leverage in the corporate sector, bad credit management, and weak macro-management in handling problems like capital markets, monetary policy, and fluctuating exchange rates. Another causal factor of the crisis was governmental issue, which was also referred to as crony capitalism.

Based on Dominique Strauss-Kahn’s statement regarding IMF’s mismanagement of the Asian Financial Crisis, we can see that the large portions of advanced countries ignored the real factors which triggered the AFC from happening. Without real handling of the root problem, flawed macro-economic theory, lax fiscal policies, weak financial supervision, and insufficient monetary policy over an eagerly developing continent will be fatal.

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The Decoupling Of US And Asian Market? Part 2

There are much debates and rhetoric about potential decoupling of the largest market in the word from Asian market. Many of the like discussions attempt to address concerns of the Asian markets would stand strong or escape with modest effect from the recession in US. Many of these doomsayers inappropriately painted the worst economic scenario in US and boasted the robustness of Asian market which could withstand the economic recession in US by their domestic demand and subsequently decouple from the world’s largest market.

The weak economic indicators reported in the press and the corporate meltdowns have been employed to justify their arguments. The 5% unemployment rate in December, slower than expected retail sales, Citigroup and Merill Lynch’s write down of bad loans, credit crunch and others, undeniably are indicators of potential recession, which some of the doomsayers say the recession could last until the next first or second quarters. During this downturn, many emerging countries would very likely to take over the role played by US as the largest buyer in the world. Obviously these countries are China and India, and some focuses on Eurozone as the appreciating Euros increases the purchasing power.

However, the decoupling scenario is rather far fetched, at least not in this near five to ten years. Asian market as a whole, which is now being engined and propelled by China could not possibly absorb the overall Asian’s supply. Since China was admitted to WTO and its role in world production network increases, many manufacturers have shifted their operation to China to reap on the advantage of low cost and other benefits that the country offers. Most of these companies are hardly indigenous; they are owned by Taiwanese, US, Europeans, and others. It is safe to say that China is a global factory, and many of the products produced are shipped to developed countries, such as US and Europe.

The relocation to China is seldom caused by the mass market. Places except Shanghai, Hong Kong, Shenzen, and other coastal provinces, are either undeveloped or outright neglected in the course of development. Thus, the overall purchasing power of the mass population is very low. The idea that China could replace US as largest market is impossible.

Robust economic growth of China in the past decade has created concern of potential price bubbles. The growth has increased the business sentiments and potential of the economy, which has caused the inventories to build up, increase of production, positive potential has helped to buoy the demand further and the whole economy boasted a more than 10% growth in the past decade. As the result, price of property has been artificially shot up by speculation and hot money, corruption has been wide spread. Recognizing the danger of business cycle and the looming bubble burst, policies have been drawn up to curb the over exposure of the economy; control of prices of essential goods, stricter environmental regulations to curb excessive production of manufacturers, more stringent export rules, higher quality assurance and inspection on exporting products, and higher reserves required in conventional banks. These steps are being taken amid financial crisis in the US market. Expectedly, the policies are to cool the economy in the next quarter or so, and the domestic demand dynamics which were witnessed in the past decades would be reduced tremendously.

At the other front, the overall Asian markets are gripped with potential high inflation rate. Singapore, Taiwan, Malaysia are seeing their purchasing power being eroded by edging price of crude oil. The depreciation of Greenbacks has caused the price of oil expensive in these economies. The notion that domestic demand could offset the demand evaporated due to US recession is therefore not so promising. Contrasting with the positive perceptions that the markets are undergoing structural shifts and become more robust, and thus could decouple from US market, the local Governments are now face with the potential inflation ( due to price surge in oil), and since US has been the largest export market, the potential of lower external demand is looming large. In other words, the local Governments are juggling with either increase the short term rate to combat the inflation or reduce to boost local demand to cushion the US recession. Either way, the economies in the region are very much exposed to the recession due to their long history of depending on US market.

This dependence can be seen in technology sector. High number of manufacturers in the region depends on tech spending in the US market. Since the mortgage crisis, the spending has proven to be very slow or outright negative. The crisis is not confined to mortgage market, its spread is seen in manufacturing, retail, and general business. The securitization of the sub prime loans, and coupled with the grading of these securities had supported the investments. The sudden drop due to the dry up of demand, and the revelations of so many unscrupulous practices in granting of loans and investment practices have caused one to question the integrity of grading of these investment tools. The lost in sentiment is further enhanced by the evaporating asset values, which its appreciation had fueled demand in the past decades. These have caused the cut down in expansion of businesses, lower demand in retails, and most importantly the cut down in tech spending which causes a large impact on import of the gadgets from Asian markets. Thus, the demand of the core sector of Asian economies is quickly running out.

The focus is now on two other developed nations to help cushion the impact; Europe and Japan. However, Japan has been experiencing economic slow down since early 1990s. Its short term rate has been low and has raised concern of potential high price in the economy. With the expected slower demand from US market, it has been tough for the economy to raise rate in the short term. The other factor relates to the concern of putting pressure on Greenback if Japan increases the short term rate. The effort could trigger higher re-purchase of Yen due to unwinding of carry trades, and put a downward pressure on dollars, thus aggravating the recession. European markets are facing high unemployment rate since relocation of manufacturers to low cost emerging markets such as Asia, and Eastern Europe. The recession and depreciation of dollar has caused huge damage to the businesses exposed to the US market but operating in Europe. Further, the idea that the continent could offset the demand drop and absorb the shocks is impossible.

In this gloomy environment, it is best that one does not predict any miracle could emerge that could absorb the goods that the region produces, or rather to debate on the possible decoupling of the markets. The most important lesson learnt from the past crisis was the evolution of new industrial structure, which is resulted from phasing out of obsolete and incompetent industries, businesses becoming more lean, and therefore, improvement of overall business environment.

John Chng at

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Ways to Pay Up Your Graduate Loans

America has one of the most expensive education systems in the world and usually students who want to pursue a higher degree of education would resort to student/parents loans. Asian parents usually have no problem with this because a study shows that 73.2% of Asian parents or immigrants save up for their children’s college education the moment they are born or they call it “college fund” so that they don’t have to think about paying for parenting loans later on. But not all of the American population is like that. Some parents think high school education is enough for their kids but their kids might think otherwise and end up getting a graduate loan. This blog post is to give some options on how to pay back student loans after you have already completed your degree. This is for the purpose of students who don’t know where to start in paying.

1) Get another Loan with lower interest – Paying a loan with another loan is not good but what we are suggesting is you get another loan with a lesser interest to pay back the student loan and all you would pay for is that loan instead of the graduate loan which oftentimes have higher interest.

2) Have a financial schedule – As early as starting your years in college, you should already be thinking about making money or saving up money to pay up for your college loan. You can set up a financial schedule of how much you would save and how much you would need to spend while you are in college.

3) Savings – Paying out your student loans through your savings is a good way to pay it up. Spending too much while still under a student loan is not a good way to go and you will regret that later on because you are never sure as to whether what your financial condition is later on.

4) Make it a priority to pay up – Prioritizing to pay your graduate loan and setting your mind to that direction would eventually let you pay up for it.

5) If you get a job – Ask your company if they have benefits that they will pay for you graduate loan – There are some big companies who would pay for the graduate loans of their employees especially if they found the employee as an asset. Don’t be afraid to go ask the human resource in-charge if they have that benefit.

Benefits of Graduate Loans

There are so many benefits of graduate loans and some points we would like to add it up here:

1) Able to take up a higher degree of education
2) Immigrants have a chance to go to school and get used to the education system
3) Study now pay later benefits

Basically, student loans make it easy for you to study in college but paying it could be a problem if you don’t have it all planned out.

The James Yap is an expert professional on the topic of paying for graduate loans [] due to to her extensive research and experience in dealing with answering clientele with the same problems or questions.

Don’t be left behind on the latest news about student loans for single moms by clicking here: []

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Are College Loans Worth It?

The cost of completing a college degree these days is shamefully more than the cost of an average American’s Home Mortgage. Before every academic year, the boards and management committees of universities around the nation increase the tuition rate by about 1% to 5%. Just recently, UCLA students took to the streets to protest a decision of increasing their college tuition by 5% each year, for the next 5 years. I do not blame them at all. These students have every right to do so. The average American college graduate is now graduating with an average loan of $26,000. For students who choose to go to med or law school, this figure may increase by more than 100%. And can we even dare discuss the job market, including of once envied careers such as Law? Crickets. The big problem here is that the job market is heavily saturated right now and it is becoming increasingly difficult for young graduates to find jobs, especially if they majored in most liberal arts degrees. So what do you do when your starting salary right out of college is $30,000 a year but you have an $85,000 college loan? The truth is that more than ever, parents need to be very strict about their children’s academic choices. Gone are the days whereby students only went to college to pursue their passion. Passion is great, but will it pay your bills? The same kids you escorted to college, will be coming back to live at your basement for a couple of more years if you do not assume your parenting role and deny funding their poor choices. In fact, an alarming number of American Students usually go back to live with their parents after graduation because they cannot simply afford to pay their monthly rates and pay for their personal expenses. One has to carefully evaluate the financial returns of their academic choices. I strongly believe that students should obtain loans only if very necessary. Below are a few pointers of determining whether investing in college loans is a good idea.

1) Getting a loan of $80,000 to pursue a degree in History or other liberal arts degrees is simply not smart. On the other hand, getting the same amount of loan for a pharmacy or an engineering degree may be a good investment because the financial returns of graduates is pretty high. STEM degree graduates generally have more career opportunities and higher starting salaries than other fields. Non STEM fields such as Accounting or Business may also be financially rewarding in some cases. Students who graduate with liberal arts degrees such as Sociology usually find that they will need a higher degree to even be considered for entry-level jobs, thus accumulating more debt. You may end up with huge loans which usually take years to be paid off. Choose wisely.

2) Major in something you love but which will also make you a living and minor in your passion. I love singing and dancing but I certainly would never major in any of those fields. I certainly know that graduating with a dance degree may have had me waiting tables because to be honest, how many jobs do dancing majors actually have? Loving something may not be a justifiable reason to major in it. The job market is very ruthless and many graduates are finding themselves working in jobs which require only a high school degree. Thinking about it, the greatest singers, actors, journalists, authors and designers never really went to school to study their fields. They worked at perfecting their talents and seeking opportunities. If you want to follow your non marketable passion, use your extra classes or enroll at your local community college and take a few courses. If possible, double major. For instance, a music major can choose to double major with business or accounting, which may increase their marketability in the job market.

3) For some families, a college education is simply expensive and almost unattainable without loans and I completely understand that. I paid my way through school so I had to figure out the cheapest route for me to finish my education. Go to a community college for the first 2 years or 60 credits as it is much cheaper than a 4 year institution. I understand that many students want to go to college for the experience. Live in dorms, sororities, party, make friends and all that, which is good but if life does not afford you this luxury, just accept it and adjust accordingly. I envied my friends who went to 4 year colleges and even graduated a year or two before me, but I certainly don’t envy them now. Most of them are soaked in huge college loans and some have even gone back to school after realizing there are no jobs in their given fields. After community college, I went to a state school which is relatively much cheaper than a private college, while still working full-time and paying for my degree. This enabled me to graduate completely debt free. It has taken me 6 years but looking back, I certainly have no regrets. Most college kids look down at community colleges and other state schools which is quite unfortunate. Encourage your kids to be open to the idea.

4) It may be a noble idea to let your kids work for one or two years before enrolling in college. Who really knows what to do with their lives at only 17 or 18? Exposure and career counseling are very critical in ensuring that college graduates make the right decisions. To a normal teenager, majoring in East Asian Studies sounds like a cool idea. They are probably dreaming of walking in the streets of Guangzhou, China, dining across fine restaurants in Asia and touring the world after graduation. They may be in for a rude shock when recruiters do not even bother to browse through their qualifications after seeing a ‘Bachelor of Arts in East Asian Studies’ in their resume. Is it saying that these degrees are useless? Absolutely not, but if you can find the same information in the internet for free, then I would rather save the extra dollars and study for an actual career. It is pretty sad that we no longer live in the era of getting a decent job as long as you have a college degree.

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College Loans: A Dilemma for African Americans

According to the U.S. Census Bureau, 18 percent of African-Americans 35 years old and older had a bachelor’s degree or higher in 2010. Some 1.5 million African-Americans 25 years old and older had advanced degrees in 2010, and 2.9 million were enrolled in college in 2010, a 1.7 million increase since 1990.

While the increase in college enrollment for African-Americans over the past decade is impressive, having to rely on student loans to attend college presents a challenge for African-American students because they historically have had to borrow more money than their white, Asian and Hispanic peers to complete college.

The recent doubling of interest rates on student loans needed to finance undergraduate and graduate school could slow the enrollment and the graduation rates of African-American students, which will have a long-term effect on the black community.

In the past three decades, the cost of attaining a college degree has increased more than 1,000 percent. Two-thirds of students who earn four-year bachelor’s degrees are graduating with an average student loan debt of more than $25,000, and 1 in 10 borrowers now owe more than $54,000 in outstanding college loans.

According to the College Board, currently, more than 80 percent of African-American college students graduate with a significantly higher amount of debt than the 64 percent of white students who graduate with debt. With $864 billion in federal loans and $150 billion in private loans, student debt in America now exceeds $1 trillion.

The College Board also analyzed the relationship between student debt and race, finding that black students were more likely than Asians, Caucasians, and Hispanics to have higher debt levels. Only 19 percent of black students graduated with no debt, while the percentage of debt-free graduates from other racial groups ranged from 33 for Hispanic students to 40 percent for Asian students.

In addition, a recent Center for American Progress analysis on the impact of college education planning with student debt, on communities of color revealed that among students of color, blacks in particular, are saddled with more student loan debt: 27 percent of African-Americans graduating with a bachelor’s degree had more than $30,500 in debt, while the portion of students with that level of debt ranged from 9 percent to 16 percent for other races.

Furthermore, with Pell Grants facing cuts, many students of color who rely on these awards to help pay for school will be forced to borrow at even greater rates. This presents a serious dilemma for college students in general. The interest rate student loan interest rates doubling from 3.4 percent to 6.8 percent. The other side of this dilemma is the reality of the total indebtedness. According to the College Board, over the last decade, the total number of Stafford Loan borrowers increased by 95 percent, from 5.4 million in 2001-02 to 10.4 million in 2011-12. The average amount borrowed from subsidized and unsubsidized Stafford Loans combined increased by 8 percent, from $7,627 (in 2011 dollars) to $8,230 over this decade.

Why do these statistics present a dilemma that is much worse for African-Americans college students? One answer to this question can be found in the American Dream 2.0 report, a study conducted by a coalition of college presidents, civil rights leaders and advocates sponsored by the Bill & Melinda Gates Foundation. Their research found that 46 percent of college students do not graduate with a degree within six years. This compares to 63 percent of African-American students who do not do not earn a degree within six years.

According to the Journal of Blacks in Higher Education (JBHE), “the most important factor for the low college graduation rate of African-Americans and the large black-white gap in college completions is money.”

According to the JBHE research, “Two thirds of all blacks who drop out of college do so for financial reasons. Many black students decide they do not want to build up large debts. Others see financial aid awards reduced after their first year in school and do not want to assume additional expenses. At times, increases in tuition, fees, and the price of textbooks push the cost of education too high for black students.”

If African-Americans carry a higher percentage of student loan debt than Asian, Causcasian and Latino students, what impact might an increase of student loan interest rates have on the already troubling unemployment statistics among African-Americans?

Currently, the jobless rate among African-Americans is nearly twice that of white Americans. Dropping out of college may only contribute to the ongoing problem of employment disparity between blacks v. whites, Asians and Latinos. Employers who conduct background and credit checks as a precondition for employment may be less likely to hire an individual who 1) has not completed college and 2) has a poor credit rating.

A dilemma is nothing more than having to make a choice between two outcomes, both of which are undesirable. Owing college loans – especially if one hasn’t completed college – is undesirable enough. However, for the unemployed, owing college loans as interest rates for college loans are poised to double in the near future is far worse! The higher interest on money borrowed for college will make attending and graduating from college impossible for some and that is tragic.

I am reminded of the words of Charles Hamilton Houston, the great civil rights attorney, Howard University law professor and mentor to the first African-American Supreme Court Justice, Thurgood Marshall, who said, “Without education, there is no hope for our people and without hope, our future is lost.”

Martin A. Smith serves as the President and financial advisor at Wealthcare Financial Group, Inc. and General Editor of Answers About Wealth, a financial educational blog that offers trusted advice from professional advisors. He can be reached for comment at: [email protected] | |

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