If you're a working professional and you're using social media to connect with friends, colleagues and business opportunities, then you need to be aware that your posts, updates, tweets and pictures can impact your financial future.
It turns out that recent graduates are not the only ones being hammered by large amounts of student loan debt. More seniors than ever before are heading into retirement still paying off their student loan debt.
If you've earned a graduate degree and want to go into a line of work that makes the world a better place, congratulations! You may be eligible for Federal Loan Forgiveness. However, these programs are very specific and not for everyone.
With the student loan refinancing market expanding, there are many lenders willing to refinance and consolidate your student loans. Lenders come in all sizes, from big banks to newly emerged peer-to-peer lenders. Wells Fargo is the most notable of big banks that will consolidate your student loans. Here is a deeper look into a consolidation with Wells Fargo.
I believe the rule of thumb is to not take out more in student loan debt for an education than you expect to earn as an annual salary. However, none of this matters now, so I won't go on with scolding. You may regret the amount you have taken out for your education, but never regret having received a quality education.
With graduation season upon us, it seems that just about everywhere I look, I'm reading articles, blog posts, and social media posts about how we are doing a poor job of teaching our graduates, whether they're graduating from high school or college, about day-to-day finances, including credit and budgeting. So here are a few of my credit tips.
There's a promise we make to the next generation: Graduate from college and you can get ahead. Yet, as we make this promise, public higher education institutions nationwide are facing a troubling trend of disinvestment. Students deserve better, and now is the time to act.
On May 6th, Democratic presidential candidate Hillary Clinton held her first two fundraising events in San Francisco. I attended an afternoon event, featuring a confident, positive Clinton.
orbearing your loans through all of training is more of an "out of sight, out of mind" option, but can result in a dramatic snowballing as interest piles up. PSLF offers a very attractive potential savings route.
I won't live with my parents forever, and we won't always agree. For right now, this situation is appreciated by all of us: opportunity for adventure for them, opportunity to get ahead financially for me and a strong, familial support network for us all.
While many graduates are bogged down with high interest rates and burdensome payments, many don't understand the terms of their loans. We've complied some data to help you visualize how different loan repayment options could impact your monthly payments and total loan amount by manipulating a few variables on a $25,000 standard student loan situation.
The most commonly cited reason for defaulting on student loans is the inability to afford monthly payments. If you believe your chance for default is high, there are preventative tactics to make sure you don't suffer the consequences of a student loan default.
While Santorum has gone after the traditional university for their inability to give students the skills needed to compete for jobs on a global scale, he has staunchly defended for-profit colleges.
The for-profit behemoth Corinthian Colleges is experiencing a spectacular fall. A $30 million fine by the Department of Education for falsifying placement data, numerous on-going state probes, a massive sell-off of schools and an abrupt bankruptcy filing that left some 16,000 students in the lurch.
The idea is simple: when students initially take out their loans, they have weak credit scores and little to no income, but after they graduate, both their credit history and their income should be stronger, making them eligible for more favorable interest rates and terms.
There is a good deal of misinformation about student loans. Unfortunately, this discourages many graduates from tapping into ways to lower their student loan debt. A common misconception is what exactly student loan consolidation and student loan refinancing are.