Monday, July 21, 2014
Saturday, June 28, 2014
There are a number of ways to pay down your loans. Here are a few things — good and bad — about student debt repayment that you might not have known.
Thursday, June 19, 2014
Is debt weighing you down? You’re not alone. The median American household debt is $70,000.
Whether you owe a lot or just a little, we can help. See what you need to learn about getting out of debt faster.
Monday, April 7, 2014
Reasons You’re Still Broke:
1) You Quit School
2) You try to keep up with the Joneses
3) You’re Hardly Working
4) You have bad habits
5) You make impulse purchases
6) You play the lottery
7) You make minimum payments
8) You lack goals
9) You hang out with the wrong crowd
10) You’re a couch potato
If any of this is you, we can tell you how to regain control.
Thursday, August 15, 2013
You’re headed for trouble if you pick up these distress signals.
Tuesday, May 28, 2013
What You Should Know About Student Loan Forgiveness Programs
Two-thirds of students who receive bachelor’s degrees leave college with debt in tow. Worried about how much you’ll owe Uncle Sam after graduation? Loan forgiveness programs may help. Here’s what you should know:
1) There are two broad categories of loan-forgiveness programs.
2) You can double dip.
3) Only federal loans are eligible for forgiveness in most of these programs.
4) You should apply early.
5) It’s a big commitment.
6) Yes, you’ll earn a salary.
7) There’s no partial credit.
8) You’ll pay taxes on the loan forgiveness awards.
9) You may not get accepted.
For more details, check this out on Kiplinger.com.
Monday, September 10, 2012
Consider this: The average recent college graduate earns $42,000 a year and is buried under more than $25,000 in debt, while the average entry-level police officer in a city bureau earns $49,500 a year with little to no upfront cost. And those in the high-tech manufacturing field easily make $50,000 annually to start, in some cases with free training from a vocational program in high school.
How to start your career without a college degree.
Friday, July 27, 2012
You should all probably read Newsweek’s latest cover story, on the rising costs (and much-debated value) of a college education. A sample:
Promotional literature for colleges and student loans often speaks of debt as an “investment in yourself.” But an investment is supposed to generate income to pay off the loans. More than half of all recent graduates are unemployed or in jobs that do not require a degree, and the amount of student-loan debt carried by households has more than quintupled since 1999. These graduates were told that a diploma was all they needed to succeed, but it won’t even get them out of the spare bedroom at Mom and Dad’s. For many, the most tangible result of their four years is the loan payments, which now average hundreds of dollars a month on loan balances in the tens of thousands.
More on Daily Beast.
Monday, July 23, 2012
If you’re struggling to pay credit card debt, car loans or even gambling debt, you can wipe the slate clean in bankruptcy. Struggling to pay your student loans? Sorry, you’ll just have to figure that one out on your own...
This has been pinned to the top of our Tumblr feed all day, and I’m wondering what readers think. Student debt is crippling, sure. But isn’t there something to be said for avoiding that kind of debt in the first place? Very curious if you have opinions on this.
The full petition, for background, is here.
Saturday, July 21, 2012
What’s next in the federal debt crisis — and how will it hurt the economy this time?
Look for lawmakers to agree to a short-term expansion of the federal debt ceiling and to defer negotiation of budget cuts until 2013 … The damage would be too great otherwise — knocking four percentage points from 2013 GDP and sending the economy into another recession. But even worry about the possibility hurts.
There are signs, for example, that businesses want to hire more, but won’t. Companies are instead extending the workweek, hiring temps and adding part-timers. Consumer confidence is falling again, sinking back to near-recession levels. Consumer spending growth for the year isn’t likely to top 2% and may slip even lower.
All told, the angst may steal up to a full point from second-half growth.