The price tag on a college education continues to rise. This is nothing new, and families planning to send their children to college need to start saving as early as possible. When starting to sock money away, you will have a number of options that will work better in the long run than your average… Read More
Student Loan Mistakes (as reported by Abby Hayes on finance.yahoo.com)
Student loan debt has surpassed even credit card debt as the highest total amount of personal debt held in this country. It is a growing problem with few solutions. And too many young Americans are being “forced” into difficult loans with few resources available to them to help pay off the loans later. Abby Hayes,… Read More
Student Loan Death Clause (as reported by Kimberly Hefling on finance.yahoo.com)
If you or someone in your family has a student loan that was signed by a parent or grandparent, you could find yourself in the unfortunate situation that many Americans are finding themselves in lately. Because of a clause in many student loan contracts, if the loan is cosigned by a family member, and that… Read More
Saving for College (as reported by Miranda Marquit on www.moneyning.com)
For parents who are planning on sending their kids to college, paying those high costs is going to take work and planning. The best thing that you can do as parents is ask yourself some important questions, then figure out how and when to set money aside over time. Will you pay your childrens’ full… Read More
Best Value in Online Colleges (as reported by Mike Jelinek on www.thesimpledollar.com)
There is a lot of news surrounding the state of higher education in United States. Is it too expensive? Is financial aid working? Where can you get the best value? One thing that has remained true through it all has been that those with a college degree continue to out earn those with a high… Read More
Repaying Student Loans (as reported by Gary M. Stern on finance.yahoo.com)
The average outstanding balance for a person with student loan debt is over $20,000. Paying off those loans can seem like a daunting task, and for many graduates, it takes a lifetime. But it doesn’t have to. Gary M. Stern offers five ways that anyone with student loans can pay off their debt faster and… Read More
Smart Education (as reported by Richard Barrington on fivecentnickel.com)
We’ve all heard the saying that an investment in your education is the best investment you can ever make. But even an investment in education needs to be well thought out, especially in a time of rising student loan debt and high unemployment among recent graduates. Not all degrees are created equal, and nothing can… Read More
Is Financial Aid Working? (as reported by Jon Marcus on money.cnn.com)
For a variety of reasons, some perhaps still unknown, more financial aid for education has been going to children of families who don’t need it rather than the poorer families who can’t afford college without it. As the Obama administration once again begins to address income inequality and its relation to education, it is becoming… Read More
Every Job In America (as reported by Quoctrung Bui at NPR’s Planet Money Blog)
Economists estimate that there are approximately 137 million jobs in the United States. How are they distributed? It’s clear that over the past decades America has moved from a focus on goods production to a largely service industry. Planet Money has charted this detail from U.S. government’s monthly jobs report to illustrate the size (in… Read More
The Rise in Workplace Loans (as reported by Andrew Johnson on finance.yahoo.com)
Over the last couple of years, while the big banks are tightening up their standards, a new type of loan has gained popularity. These loans are commonly referred to as workplace loans, and they allow employees to borrow up to $500, with most choosing to pay it back directly from their paycheck. The workplace loan… Read More