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All Posts Tagged Tag: ‘debt’

Student Loans? Get a Life Insurance Policy

When Steve and Darnelle Mason co-signed their daughter’s student loans to help her pay for nursing school, the couple never thought the decision would come back to haunt them. After all, that was what all parents did for their children – help them pay their way through college to receive a degree and hopefully obtain the career of their dreams. …

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Student Loan Debt Is $1.1 Trillion; Obama Tries To Do Something About It

Since President Barack Obama was elected in 2009, the federal student loan debt increased to 517 percent. The Federal Reserve Bank of New York estimated the student loan debt at $1.1 trillion with $650 billion in credit card debt. Although students who have loans have a grace period of six months after graduation before their first payment, this does not …

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Debt Consolidation Can Help Those Burdened By Student Loans

Debt consolidation isn’t a term you hear all that often outside of financial circles. After all, why would a young student have to worry about lumping their debt together? For the student with thousands of dollars in debt across different loans, debt consolidation may just be the way to go. As students graduate from college, they’re more than likely to …

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Student Loans: 3 Ways to Avoid That Mess

For many young people about to head off to college (in the U.S.), the necessity of student loans is a foregone conclusion. You have to get them, right? Your parents had them. The only way to avoid it was to get on the G.I. Bill or some other program that got you your degree without signing your future income away. …

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Félix Trinidad Makes Debt Deal After Millions Lost

The story of Félix “Tito” Trinidad Jr. and his lost millions may be sad to fans and onlookers, but the situation is unfortunately so common in sports it’s almost predictable. It’s not at all uncommon for mega-wealthy athletes to lose their millions after their sports careers are over. The culprits are typically shady hanger-on types who turn out to have …

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Household Wealth Reached New High in 2013

A report released by the Federal Reserve last Thursday revealed that household wealth in the United States rose 14 percent from 2012 to 2013, topping off at $80.7 trillion – a record high. Household wealth is figured by assessing the value of homes, stocks, bank accounts, and other financial assets minus any debts accrued from mortgages, credit cards, and elsewhere. …

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Rewards Programs: Grads Do Good While Making Good On Debt

Typically, a rewards program is about “getting back what you give”. You might hear “loyalty program” and immediately think of forking over your credit card anyplace from the airport kiosk to a retail queue. Indeed, there’s much to be said for stretching our hard earned money as far as we humanly can when we dole it out – whether it’s …

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Jodie Sweetin Starts 2014 On a Good Note

Jodie Sweetin, best known for her role as Stephanie Tanner on ABC’s Full House, has had her fair share of bad news and downfalls over the years. Not only was she essentially a one-hit-wonder with her 90’s sitcom, but Sweetin has also spent years battling drug addictions – an issue which has affected both her acting career and her three …

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Occupy Wall Street Buys Debt at 50-1, Abolishes It

Reuters and the Guardian both report one of Occupy Wall Street’s spinoff groups, the Rolling Jubilee Project, announcing this week that they have successfully bought $14.7 million in healthcare debt accumulated by Americans for roughly $400,000. Rolling Jubilee was set up by the OWS debt group Strike Debt! after the widespread financial protests in 2011. Andrew Ross, a member of …

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Student Loan Forgiveness Options Need More Exposure

Obtaining a college degree is essentially a necessity in the United States today. If one wants a job that is not flipping burgers or waiting tables, then one must pursue some form of higher education – whether it be a four-year public college, a private liberal arts college, a trade school, or a certification program. Unfortunately, students in the US …

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