Student loan debt

Because Student Debt is Nondischargeable in Bankruptcy, There’s Only One Option Left

By Bill Fay | February 27, 2013

Maybe it’s time to resurrect debtors’ prison. It seems to be the only way in which people with unmanageable student loan obligations will ever be able to pay their “debt…

Black football leans against three, gold edged books, unifying symbols of sports, academic, and learning achievement

Athletic Scholarships for College Students

By Bill Fay | February 12, 2013

Every year, millions of parents pay to place their children in youth sports programs in hopes the child eventually will develop the skills need to earn a coveted athletic scholarship…

Student loan debt crisis

Student Debt Is America’s Next Financial Time Bomb

By Bill Fay | February 5, 2013

Remember the housing crisis? Some say it happened because banks had lax lending standards and threw money at so-called subprime borrowers who had no financial standing to have been granted…

Students Graduating College

Can a College Degree Buy You a Better Future?

By Katherine Pilnick | January 15, 2013

Is college worth it? This is the question countless high schoolers ask themselves each year — especially as they apply to college this time of year — and the answer…

Student loan repayment program

New Income-Based Student Loan Repayment Plan Launches Dec. 21

By Bill Fay | December 10, 2012

The new year looks even brighter for more than 1 million people deep in student loan debt. The new Pay as You Earn program, created in an effort to help…

Student loan debt increases

Student Loan Debt Increases $42B in Third Quarter, Closing in on $1T

By Bill Fay | December 3, 2012

The federal lending program once intended to provide all Americans the luxury of going to college faces a serious financial plight. According to the Federal Reserve Bank of New York’s…

graduation caps image

Student Loans Increase to $26,500

By Bill Fay | October 19, 2012

The price of an education has risen once again, along with the amount of debt students take on by the time they reach graduation. According to The Institute for College…

Finance books

Students Want Money Information

By Cecillia Barr | October 11, 2012

A growing number of students want to learn more about personal finance but most public schools don’t offer such classes as part of the curriculum, U.S. News & World Report…


New College Grads Being Challenged by Economy

By Bill Fay | September 24, 2012

Freshly graduated college students are finding little success in the job market. Low starting salaries and the need to repay student loans is pushing many of them to go back to school.

social security card image

Student Loans: Not Just a Younger Generation’s Problems

By Bill Fay | September 20, 2012

A growing number of retirees are facing the same battle as their grandchildren: student loan debt. According to the Federal Reserve Bank of New York, a small but increasing number…