Billions of Dollars in Debt

U.S. millennials have more than $1 trillion in outstanding student loan debt, according to data from the U.S. Department of Education. In New Jersey, total student loan debt hovers around $30.8 billion, which is just shy of the amount that’s needed to run the state of New Jersey in 2015… The skyrocketing cost of education and the Great Recession forced many students to finance their education with loans. Officials say as they graduate into the real world with significant debt and, in many cases take low paying jobs they’re overqualified for, economic activity isn’t as significant as it’s been when past generations were coming into adulthood…"There are a whole lot of people out there living postponed lives," said Barbara O’Neill, a personal finance professor at Rutgers University New Brunswick. "It’s got a dampening effect for people of all ages- not just the young people themselves. It ripples."… Debt prevents millennials from forming households, which means they’re not renting apartments or buying homes. With 80 million nationwide, they could be boosting the economy, O’Neill said. But they’re not — and it’s because of their debt.

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Team of Rutgers Graduate Students Named Finalist in International Business Plan Competition

2015 Graduate Student competition logoA team that includes three Rutgers graduate students is one of nine entrepreneurial-minded teams from around the world named finalists in the Licensing Executives Society (LES) Foundation’s 2015 International Graduate Student Business Plan Competition. Winners of this graduate student competition, which “focuses on student business plans that hinge on ground-breaking technologies and that offer sound strategies for commercializing intellectual assets to achieve business objectives,” will be announced on May 11 at the LES Spring Meeting in La Jolla, CA.

Advancing to the final round are Tom Villani, Ph.D. student in medicinal chemistry, Michael Johnson, Ph.D. student in environmental sciences and Ryan Manaskie, an MBA candidate, who lead the biotech startup, Phytosys, LLC, which was named finalist in the LES competition. Phytosys was launched following Villani’s invention of Visikol™, a patent-pending chemical formula that renders animal and plant tissues transparent and allows for 3D biopsies and various other transformative technologies. [Read more…]

Barbara O’Neill Provides Saving for College Tips Via Tweetchat Forum

iStock_000007697683XLargeOn February 19, Rutgers Cooperative Extension Specialist in Financial Resource Management Barbara O’Neill was a guest “chatter” on WiseBread, a blog for millenials about “living large on a small budget.” O’Neill emphasized in the forum that even modest savings are helpful. “Any amount of college is better than none. what U can now & ramp it up over time ,” tweeted O’Neill. The Tweetchat engaged a wide audience, involving 78 contributors, 1262 tweets, 213,972 reach and 6,587,368 impressions. Read more highlights from the Tweetchat at WiseBread.

Delaware Estuary Summit Charts Course for Aquaculture in the Region

Farm-raised oysters in New Jersey ready for market.

Farm-raised oysters in New Jersey ready for market. Photo by Lisa Calvo.

Managers, educators, and oyster farmers gathered at Cape May’s Grand Hotel late last month for a special session, “Shellfish Culture Now and Tomorrow: Charting a Course for Delaware Estuary Aquaculture,” held in conjunction with the Delaware Estuary Science and Environmental Summit. The Partnership for the Delaware Estuary has hosted the summit every two years since 2005 and it has become as important conference for a variety of stakeholders whose work focuses on the estuary.

The special session about shellfish aquaculture originated with Daphne Munroe, assistant professor at the Haskin Shellfish Research Laboratory (HSRL). Munroe worked with summit organizers and HSRL colleague Lisa Calvo, aquaculture program coordinator, to develop and host the session, which included overviews of shellfish aquaculture in New Jersey and Delaware and an extensive discussion period that engaged conference participates and invited panelists. [Read more…]

Entrepreneurship Agriculture Day 2014 — Another Success!

EA Day interns and faculty team members (l-r): Serpil Guran and Dave Specca from EcoComplex; Roslyn Dvorin; Ian R. MacCloud; Tatiana Gladney; Kasturi Pryanka Shanker;  Donna Schaffner, Food Innovation Center - South; Sabedo Argueta; Albert Ayeni; Christopher Satch; Xenia Morin, Office of Grants Facilitation; Tung Ching Lee, Department of Food Science; Bill Sciarappa

EA Day interns and faculty team members (l-r): Serpil Guran and Dave Specca from Rutgers EcoComplex; Roslyn Dvorin; Ian R. MacCloud; Tatiana Gladney; Kasturi Pryanka Shanker; Donna Schaffner, Rutgers Food Innovation Center – South; Sabedo Argueta; Albert Ayeni; Christopher Satch; Xenia Morin, SEBS Office of Grants Facilitation; Tung Ching Lee, Department of Food Science; and Bill Sciarappa

On October 18, Rutgers School of Environmental and Biological Sciences (SEBS) celebrated its second Entrepreneurship Agriculture (EA) Day on Cook Campus. This event was part of the Entrepreneurship Ag Program initiated at SEBS in Spring 2013 and comprised the teaching of a Jr/Sr Colloquium on Entrepreneurial Agriculture, a competitive student internship on Entrepreneurship Agriculture and the forming of a student club with the mission of promoting entrepreneurship in agriculture and food at SEBS. Forty-seven people were in attendance, including individuals from outside of Rutgers.

The key events included poster and oral presentations by EA interns Sabedo Argueta (Environmental and Business Economics 2014), Roslyn Dvorin (Ecology, Evolution & Natural Resources 2015), Tatiana Gladney (Agriculture and Food Systems 2016), Ian R. MacCloud (Plant Science 2015), Christopher Satch (Grad Student, Plant Pathology) and Kasturi Pryanka Shanker (Biotechnology  2014); and a keynote speech by Theresa Viggiano and Patrick Leger, founders and chief executives, First-Field, Inc. [Read more…]