Recent News

student loan application

FAFSA Deadlines Hamper Access To $150 Billion In Student Aid

If you have a college-age child in the house, this will be your reminder that now is not just “tax season”, it’s also “FAFSA season.” The two are very much related. Everyone knows what tax season is about – pay the IRS! – but the FAFSA season can have an equally momentous impact on your […]

Read More
college student with debit card

Worries About Student Debit Cards Similar To Credit Card Issues

The crisis over credit card use by college students appears to be under control, but another problem with plastic is causing concern. This time it’s debit and prepaid cards and once again, colleges and universities are being criticized for helping promote the problem. A 2013 survey showed 77 percent of college students using debit cards […]

Read More
stack of credit cards

Balance Transfers Not Only Way To Handle Credit Card Debt

A familiar adversary for American consumers – credit card debt – is re-emerging as a factor in the U.S. economy and so is one of the most enticing offers that come with it: free balance transfers. The two were a hot couple in the run-up to the Great Recession when credit card debt topped out […]

Read More
three generation family

Multi-Generational Living Might Be Solution For Financial Woes

There is a significant social, cultural and economic change happening so quietly in America that you may not even be aware of it: Multi-generational family living is back. Multi-what? Multi-generational family living. It is defined as at least three generations living under a single roof. In most cases, that would be grandparents, parents and grandchildren […]

Read More
Tax Refund Ahead

Best Ways to Spend Your Tax Return

The big financial question for America over the next few months is: How should I spend my tax refund? The Internal Revenue Service says most of you – somewhere between 75 and 80 percent – are getting one. The average tax refund in 2015 is going to be around $3,539. The IRS knows this because […]

Read More
graduation cap on a pile of money

Corinthian Graduates Not Impressed With $480 Million Loan Forgiveness

Recent graduates from Corinthian College campuses reacted with a yawn to news that the school would forgive $480 million in student loans from its Genesis Loan Program. Genesis represents only a fraction of the money they borrowed to attend Everest College and Heald College, two of the for-profit schools that Corinthian owned before it was […]

Read More
Everest University image

CFPB Gets Group To Agree To $480 Million Loan Forgiveness

For-profit colleges in general – and Corinthian Colleges in particular – took a seismic shot from the Consumer Protection Financial Bureau (CPFB) when it announced a $480 million loan forgiveness program for students who took out high-cost, private loans to attend one of Corinthian’s 100 campuses around the country. The CFPB said that Corinthian lured tens of thousands of […]

Read More
graph showing upward economic trends

2014 Great Year For U.S. Economy, Can We Repeat In 2015?

By most accounts, the United States economy had a glowing year in 2014. Unemployment was down, spending was up, housing prices continued to bounce back and gas prices plunged to rates we never thought we’d see again. Then again, millions of Americans are still out of work, consumer debt reached a record high, Millennials still […]

Read More
debt relief just ahead road sign

Private Student Loan Lenders Open Door To Modifications

Help is coming for beleaguered borrowers who took out student loans from private lenders. How much help – and how many people actually will benefit from it – is still very much under discussion, but two private lenders at least have opened the door to assist financially distressed customers. Wells Fargo Bank and Discover Financial […]

Read More
Past due stamp

Grace Period Ends During Holidays For Millions Of Students

Forgive Steve Simon if he doesn’t get swept up in the excitement of the holiday season this year. Simon already knows what he’s getting for Christmas. “Another notice from Navient telling me that my grace period is over and my first student loan payment is due,” he said. Similar notices will be competing for attention […]

Read More