The Latest Debt & Finance Blog

Student rates on subsidized Stafford Loans doubles to 6.8 percent

Senate Proposes Plan to Lower Student Loan Rates Now, Raise Them Later

By Bill Fay | July 18, 2013

The U.S. Senate late Wednesday reached another deal to reset student loan interest rates, but it is unclear when that proposal will reach the floor for a vote. Interest rates…

Application for student loan consolidation

Senators Urge Probe of Dishonest Student Debt Relief Companies

By Bill Fay | July 16, 2013

U.S. Sens. Tom Harkin (D-Iowa), Barbara Boxer (D-Calif.) and 21 other senators sent a letter to the Secretary of State and officials at the Federal Trade Commission and the Consumer…

Student loan vote fails in U.S. Senate

Congress Dithers While Students’ Hopes Wither

By Bill Fay | July 10, 2013

The United States Senate on Wednesday failed to reverse the recent doubling of interest rates to 6.8 percent on millions of new federally subsidized student loans. While the measure to…

Black hole of debt in the U.S.

Is Debt Affecting our Economic Freedom?

By Bill Fay | July 3, 2013

As we approach July 4, the 237th anniversary of our nation’s independence, it’s also worth noting that our country is in its fourth year of a sluggish recovery from the…

Adult children are returning to the nest and depending on their parents

Financial Dangers Parents Face When Adult Children Live at Home

By Bill Fay | June 21, 2013

The American Dream is the ideal where parents work hard so they can own a home, send their kids to college and watch them grow up into happy and fiscally…

Student loans in financial aid office

Are Your Student Loans Federal or Private – Do You Know the Difference?

By Bill Fay | June 19, 2013

Did you get through college on federal loans or private loans? If you are among the 67 percent of students who needed a loan to pay for a college education,…

Job seekers at unemployment lines

Working for Free Is a Valuable Option to Unemployment

By Cecillia Barr | June 13, 2013

Finding a job isn’t easy these days. We all know that. The Bureau of Labor Statistics shows the unemployment rate for May was 7.6 percent — a figure virtually unchanged…

CFPB director Richard Cordray cracks down on debt-relief companies

Feds Continue Cracking Down on Dishonest Debt-Relief Companies

By Bill Fay | June 13, 2013

One of the ways in which debt-relief companies serve their clients is by negotiating debt settlement agreements with creditors with the goal of reducing the amount of money owed. When done…

College degree still worth the student debt

Despite Rising Student Debt, College Degree Is Still a Wise Investment

By Bill Fay | June 10, 2013

As troubling as some of the recent data is regarding the cost of a college education, the evidence is overwhelming that it is money well spent. Even if you had…

Tips to planning a wedding you can afford

Tips for the Wedding You Want at the Price You Need

By Kaitlyn Fusco | June 6, 2013

It is finally June, the most popular month to get married, and if you don’t already have wedding fever, get ready. There is no better time to plan a wedding…

Sources:

  1. Matthews, D. (2013, June 13).Everything You Need to Know About the Student Loan Rate Hike. Washington Post. Retrieved from http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/13/everything-you-need-to-know-about-the-student-loan-rate-hike/
  2. Liberto, J. (2013, May 28). 7 Million Students Brace for Surge in Loan Rates. CNN Money. Retrieved from http://money.cnn.com/2013/05/28/pf/college/student-loan-rates/index.html
  3. Voxxi.com. (2013, June 30). Federal Student Loan Rates Double on Monday. Retrieved from http://www.voxxi.com/student-loan-rates-double-monday/
  4. United Stated Congress/Joint Economic Committee. (2013, June.) The Causes and Consequences of Increasing Student Debt. Retrieved July 1, 2013, from http://www.jec.senate.gov/public/?a=Files.Serve&File_id=d7937b2f-e01c-4721-8b8b-09f5776725a1
  5. Department of Education. (2013) Student Loans Overview: Fiscal Year 2014 Budget Proposal. Retrieved from http://www2.ed.gov/about/overview/budget/budget14/justifications/s-loansoverview.pdf
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