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The Right Note: Some People Just Can’t Help Themselves

By WTOP Staff

The Right Note is a weekly opinion column by published on Thursdays. The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.

County Board members made it clear at the recent Arlington Civic Federation meeting that they were leery of cutting back on capital spending because they are getting such good deals on construction costs.

This reminds me of a shop-a-holic going hog wild with their credit card because they are getting so-called “good deals.” They come home and announce to a spouse, friend, or roommate, “I saved a lot of money today.”

In reality, they borrowed a lot of money today, probably on several you didn’t really need now — or ever.

Our board’s shopping spree includes a lot of spending on plenty of unnecessary things:

  • The purchase and rehab of a new building for a homeless shelter at more than ten times the cost to retrofit the current shelter
  • An $80 million state-of-the-art aquatics center
  • A trolley that will cost five times more than a new and improved bus system
  • And, the black hole known as the Artisphere

The difference between the shopper who maxes out their credit card and our County Board is that the shopper cannot force their friends to pay for the spending spree. The board can just stick the taxpayers with the tab. This week, we learned that the County Manager is proposing a 3.2% real estate tax rate increase for this year.

We also discovered that the county will likely cut its workforce. It seems the County Manager, who was recently given a generous raise, is going to give out as many as twenty pink slips to county staff to match anticipated spending with projected revenue.

Year after year, our County Board has spent well over the rate of inflation and population growth and put our budget in this position. They are leery of even slowing down when it comes to capital projects.

Unfortunately, we have become a nation of debt. Our federal debt is over $16.5 trillion — over $52,000 for every man, woman, and child. Our personal debt is over $15.7 trillion. While it is primarily mortgage debt, credit card debt in the United States is nearly $850 billion. The average college graduate’s debt is over $26,500.

Our Arlington debt seems paltry by comparison — about $1 billion, or $5,000 for every Arlingtonian. However, it simply adds to the mounting legacy of debt we are creating for future generations.

I spoke at length with a Democratic neighbor while working at the polls in November. While he was not a fan of the trolley, he had this to say when I asked about adding as much as $250 million more in debt to pay for it: “Our county can handle the debt.”

This culture of growing debt may be our new normal, but should it be?

Mark Kelly is a former Arlington GOP Chairman and two-time Republican candidate for Arlington County Board.

Don’t Settle for Student Loans to Pay for Online Education

By WTOP Staff
Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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