Why would a tenure-track professor find himself selling his plasma to make rent? A story about debt in the academic world.
debt
Posted inNonfiction, Quotes
Taking Systematic Responsibility for Student Debt
We are witnessing a steady proliferation of financial systems built on genuine support, not victimization.
Posted inNonfiction, Quotes
Spiraling Debt, Mortgages and the Two-Income Family
Warren believes that the two-income family has contributed to the bankruptcy rate. “For middle-class families, the most important part of the safety net for generations has been the stay-at-home mother,” Warren and her daughter, Amelia Warren Tyagi, wrote in “The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke” (2003), a book aimed at […]
Posted inNonfiction, Quotes
The Financial Reality of a $200,000 Book Advance
In 2008 I sold a book-in-progress for $200,000 ($170,000 after commission, to be paid in four installments), which still seems to me like a lot of money. At the time, though, it seemed infinite. The resulting book—a “paperback original,” as they’re called—has sold around 8,000 copies, which is about a fifth of what it needed […]
Posted inUncategorized
Reading List: Stories From the Working Class
Emily Perper is a word-writing human for hire. She blogs about her favorite longreads at Diet Coker. I read a brilliant piece, “Zen and the Art of Cover Letter Writing,” that reminded me that I had not yet featured the stories of those suffering under the yoke of this abusive economy. These are stories about […]
Posted inUncategorized
Reading List: Stories From the Working Class
Emily Perper is a word-writing human for hire. She blogs about her favorite longreads at Diet Coker. I read a brilliant piece, “Zen and the Art of Cover Letter Writing,” that reminded me that I had not yet featured the stories of those suffering under the yoke of this abusive economy. These are stories about […]
Posted inUncategorized
Two Emmys and $57,000 in Debt
‘They don’t teach us about money in high school.’ Today’s video pick is Modern Comedian’s short documentary on comedian Sara Schaefer, who fell deep into debt even while she was pursuing her dream career and earning two Emmys as a writer for Jimmy Fallon. (Schaefer now co-hosts the MTV series Nikki & Sara LIVE, which […]
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A man with $90,000 in debt makes some hard decisions about his life—starting with a trip to Kosovo for an IT job: Of course, all I understood at the time was JOB INTERVIEW and VIENNA. Prior to my application, I had never heard of the OSCE, and I knew next to nothing about Kosovo. My […]
Posted inUncategorized
A writer, out of money, is forced to part ways with his dream guitar: The first hospital bill arrived in late June. My eyes roamed its surface: “If paying by check…” “YOU ARE RESPONSIBLE FOR YOUR BILL. PLEASE PAY THE BALANCE AS SOON AS POSSIBLE.” “Please pay this amount…” Along came the dizzying despondency of […]