This is the first in a series of posts on student loans. Be sure to check out upcoming posts on repayment options, consolidation, and the effects of extra payments. College costs are increasing at over twice the rate of inflation. At the same time, rising unemployment and falling stock prices could make it difficult for [...]
I can’t remember how many times I’ve heard people classify debts as good debt and bad debt. And the definition is based on what the debt is for. For example, mortgages and student loans are classified as good debt, and auto loans and credit card debt are often classified as bad debt. I don’t agree. [...]
At the beginning of the new year Washington Post finance columnist Michelle Singletary “invited” her readers to a 21-day financial fast. Singletary introduced the fast at her church years ago, and says that many people have used it to jump-start their “path to prosperity.” I agree that the path to financial freedom starts with commitment [...]
Today we’re wrapping up the in-depth look at the health care bill and how it might impact your finances. Today we will cover the new student loan reform included in the health care bill. Student Loan Reform Bill The federal government has officially ended the bank-based system of distributing federally subsidized student loans through the [...]
In 2009, over 3 million homes were forced into foreclosure. High unemployment, adjustable rate mortgages, and tight credit came together to make it simply impossible for many American homeowners to continue making mortgage payments. Foreclosure leaves a big black mark on your credit report, and can drop your credit score by up to 150 points, [...]
