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…
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…
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…
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…
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…
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…
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…
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…
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…
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…