The Latest Debt & Finance Blog

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…

Unemployment Rate Dips; 146,000 New Jobs Added in November

By Bill Fay | December 10, 2012

In November, the U.S. unemployment rate fell to its lowest level in four years and 146,000 jobs were added by a still-improving economy, but the background news to both numbers…

ObamaCare Highlights Truth: Insurance Companies Prosper

By Bill Fay | December 7, 2012

Whatever one thinks about the nature of ObamaCare, officially called the Affordable Patient Protection and Care Act (ACA), it’s certainly not the foul-smelling, socialistic takeover of the medical establishment as…

Housing Market Expected to Rebound in 2013

By Bill Fay | December 7, 2012

With just a few weeks remaining until the end of the year, millions of Americans are seeking ways to make 2013 better, especially from a financial perspective. From making new…

Five Things You Need to Know About the ‘Fiscal Cliff’

By Bill Fay | December 6, 2012

Where do you stand on the so-called “fiscal cliff,” which the U.S. economy may or may not be stepping off of at midnight Dec. 31? Before you answer, read over…

Obama Eyeing New Leader for Federal Housing Finance Agency

By Bill Fay | December 6, 2012

Facing increased scrutiny from housing advocates and community groups, President Barack Obama is being asked once again to sidestep political protocol to replace Ed DeMarco, the acting head of the…

Amid Fiscal Uncertainty, U.S. Auto Sales Jump 15 Percent in November

By Bill Fay | December 5, 2012

Despite a devastating hurricane that wiped away much of the Eastern seaboard in October and the constant warnings of an impending fiscal cliff and tax hikes in the coming year,…

Fast-Food Workers in NYC Go On Strike: I’m Lovin’ It

By Bill Fay | December 5, 2012

“You deserve a break today, So get out and get away … to McDonald’s!” Last week, 200 New York City fast food workers took a break and got away from…

Republicans’ Counteroffer on Fiscal Crisis Blasted by White House

By Bill Fay | December 4, 2012

Republican leaders sent a letter to President Obama on Monday, proposing solutions to the debt crisis that include spending cuts of $1.4 trillion and an overhaul of the tax code…

Foreclosures on Hold for Holidays as Housing Market Slowly Recovers

By Bill Fay | December 4, 2012

With an improving economy and programs aimed at helping homeowners stay current with their mortgages, housing-market analysts say that 2012 will prove to be a turnaround year for homeowners and…

Sources:

  1. Federal Student Aid. Pay As You Earn Plan. Retrieved December 10, 2012, from http://www.studentaid.ed.gov/repay-loans/understand/plans/pay-as-you-earn
  2. Pope, J. (2012, December 7). Feds: New student loan repayment options set. MPR News. Retrieved from http://minnesota.publicradio.org/display/web/2012/12/06/education/feds-new-student-loan-repayment-options-set/
  3. Rampell, C. (2012, July 20). Report Details Woes of Student Loan Debt. The New York Times. Retrieved from http://www.nytimes.com/2012/07/20/business/government-report-details-student-loan-debt.html
  4. Hechinger, J & Lorin, J. (2012, September 28). Student-Loan Default Rates Rise as Federal Scrutiny Grows. Bloomberg News. Retrieved from http://www.bloomberg.com/news/2012-09-28/student-loan-defaults-soar-as-government-scrutiny-grow.html
  5. The Project on Student Debt. Student Debt and the Class of 2011. Retrieved December 10, 2012, from http://projectonstudentdebt.org/