The Center for Retirement Research sponsors the annual Steven H. Sandell Grant Program for scholars in the field of retirement research and policy. The program is funded by the U.S. Social Security Administration to provide opportunities for junior scholars from all academic disciplines to pursue cutting-edge projects on retirement income issues.
This year J. Michael Collins, Carly Urban and Erik Hembre were awarded the Sandell Grant for their research around the role of mortgages in retirement.
Drew Anderson was awarded the Sandell Grant for his work in the area of women’s retirement savings and the influence of increasing knowledge and attention to retirement planning on their account balances.
Drew Anderson, Postdoctoral Researcher for CFS, shares expert advice on WalletHub surrounding college tuition and student loan debt issues by answering the following questions:
What are the most common mistakes people make when financing their post-secondary education?
What should people consider when applying for student loans?
What steps should someone take if they find they cannot afford their student-loan payments?
What impact, if any, does the large and growing amount of outstanding student-loan debt have on the economy as a whole?