The Latest Debt & Finance Blog
The U.S. Department of Education (DOE) announced it was imposing regulations to prevent colleges from steering students to specific debit and prepaid cards for use with federal grant and loan…
There is a new twist on the ages old discussion about how much is needed for retirement savings: Employers – not employees! – are taking the initiative. The Vanguard Group,…
American workers have found another escape hatch to avoid contributing to their retirement savings and at least 33 percent of them say they would voluntarily take it. The LIMRA Secure…
While most retailers in the United States struggle to catch up to the new EMV chip technology for credit cards, Walmart has been ready for nearly a decade. The nation’s…
Companies have a new carrot to dangle in front of college graduates – help repaying student loans – and experts believe it quickly will become the gold standard benefit for…
The 77 million Americans pursued and often harassed by debt collection agencies won a moment of relief when the Consumer Financial Protection Bureau (CFPB) ordered the nation’s two largest debt…
There aren’t many words in the English language less understood and more avoided than bankruptcy. “There definitely is a stigma attached to it,” Jeff Badgley said. “When people hear it,…
Father’s Day is just around the corner and I think it’s time to change the way we celebrate the occasion at the Frugal Man’s house. I think I will do…
There are approximately 2.8 million college graduates this year and 75 percent of them – 2.1 million people – borrowed an average of $35,000 to pay for that diploma. That…
Advertisers have teased American consumers forever with deals too good to be true and today’s boasts are more enticing than ever: Zero-percent financing on a new car and some credit…
Sources:
- Holland, K. (2015, June 15) The high economic and social costs of student loan debt. Retrieved from http://www.cnbc.com/2015/06/15/the-high-economic-and-social-costs-of-student-loan-debt.html
- Smith, N. (2015, April 17) Three Charts Explain the Student Loan Mess. Retrieved from http://www.bloombergview.com/articles/2015-04-17/washington-may-not-want-to-get-out-of-student-debt
- Delisle, J. (2014, March 25) Graduate Student Debt Review. Retrieved from https://www.newamerica.org/education-policy/the-graduate-student-debt-review/
- Mitchell, J. (2015, August 21) School-Loan reckoning: 7 Million Are in Default. Retrieved from http://www.wsj.com/articles/about-7-million-americans-havent-paid-federal-student-loans-in-at-least-a-year-1440175645?alg=y&mg=id-wsj
- Sanchez, J., Zhu, L. (2015, April 10) Student Loan Delinquency: A Big Problem Getting Worse? Retrieved from https://research.stlouisfed.org/publications/economic-synopses/2015/04/10/student-loan-delinquency-a-big-problem-getting-worse/