Retirement Issues You May Be Facing Today: Student Loan Debt in Retirement
Hitting the age of retirement is something most people look forward to. After spending an entire adult life working to afford a place to live, food to eat, a car to drive, and maybe a yearly vacation. The thought of not having to be beholden to “the man” day in and day out is appealing. […]
How Student Loan Debt Can Prevent from Buying a House or Car?- Facts
The facts about the cost of a college degree these days can be daunting, especially if you are like most people and can’t afford to pay student loan debt for it outright. Over the past couple of decades, we have seen a decline in the economy and a rise in unemployment, yet one thing that […]
10 Reasons Why You’ll Stay in Student Loans Debt Longer Than You Think
At the time you took on that student loans debt or opened that credit card account, you vowed to be financially responsible. Each payment would be made on time. You would never borrow more than you can afford to pay back student loans. Then life happens, and you now find yourself under a mountain of […]
These Five Myths Can Keep You In Student Loan Debt Longer
Everyone wants to be financially stable and free of debt. There are many financial dos and don’ts that people assume are always right, but unfortunately, that’s not the case. Blindly following financial rules of thumb is never a good idea. Doing so could actually put you into more debt than you are already in. These […]
The Hidden Costs of Student Loan Forgiveness
Student loan forgiveness is often looked at as a quick solution for borrowers to escape the financial burden of large student loan balances. What are the hidden costs of student loan forgiveness? What many people aren’t aware of, though, is that the forgiven balances can often be considered taxable income by the Internal Revenue Service – leaving […]
How to Put Your Student Loan Tax Credits to Work?
You’ve worked hard to make payments on your student loan debt all year. Now it’s time to take advantage of the tax credits available when filing your tax return. The credits ultimately reduce your taxable income, simply because you paid for interest on your qualified loans or related educational expenses in the prior year. According […]
Is Dee-1’s Sallie Mae Student Loan Song The Anthem For This Generation?
” I finished paying off my Sallie Mae Student Loan!” These words look like a fantasy for countless Americans buried under their student loan debt. However, A New Orleans Music Artist Dee-1, whose actual name is David Augustine Jr., switched that dream into a reality by paying off his student loans with the bonus he acquired after […]
Presidential Candidates’ Outlook on Higher Education
As the state primaries continue, it’s important to pause and take a look at where each candidate stands on higher education reform. The four candidates that have shared detailed plans include Jeb Bush, Hillary Clinton, Marco Rubio, and Bernie Sanders. The candidate’s proposals include recommendations on federal student loans and grants, college accountability, tuition fees, private […]
State House Protects College Student Loan Scams
Talk about student loan debt is nothing new, but what is new is that student loan scams and students are being defrauded by for-profit colleges and universities due to misrepresentations. A bill has recently been discussed in Washington D.C. in order to stop the fraud. This bill will require for-profit colleges and universities to report […]
Student Loan: For-Profit Education is Failing, Heres Why
Executive Summary Education is something that is seen as highly valued, and many want their children to go to college after they graduate high school because of this viewpoint. The problems start when for-profit colleges are failing to live up to their end of the bargain. Many of these colleges are shutting down since the […]