Student loans are a source of discomfort for many Americans. They’re worth it—which the evidence backs up—but the cost can feel too high for some. According to the Federal Reserve’s recent report, the average debt for student loans is $36,299. 52 percent of borrowers under the age of 25 report that someone else is assisting
For most college students, education is the only thing worth worrying about—everything else can wait. That’s just plain nonsense.     More than 70 percent of students with a bachelor’s degree end up borrowing an average of $29,400. Student loan debt has passed the $1 trillion mark, and $66 billion of that is coming from grandparents
No, there’s nothing wrong with your reading. $5 billion in student loans vanished overnight. The National Collegiate Student Loan Trusts is one of America’s biggest (private) student loan owners. They own 800,000 student loans in point of fact, worth upward of $12 billion. $5 billion of those loans are now off the books thanks to a
Being on your own for the first time can be exciting and liberating, but be mindful not to make the following credit mistakes that could haunt you for a very long time. Abusing easy credit As a student, you are an easy target for credit card companies. You are easily approved and can spend money

Simple Steps to Prepare for Retirement

You’re never too young or too old to prepare for retirement. No matter your age, there are several steps to help you plan for your golden years. From investments to insurance, the actions you take now will affect your lifestyle and wellbeing in the years to come.   Invest in a Retirement Plan Contributing to

Personal Finance 101

Managing your general finances comes with a lot of details and nuances that are hard to keep track of. To get started, review this list of common financial topics and transactions to guide you in the right direction as you map out your financial future.   Credit First and foremost, familiarize yourself with your credit
A high school program uses technology to teach, assess and certify students in critical financial skills, including virtual worlds, gaming, social media and videos that show students how to use credit cards
The Senate will soon vote on a new proposal that would keep interest rates the same for undergraduates but increase them for graduate students and parents of students.
A 2007 law cut interest rates, from 6.8 percent to 3.4 percent, for subsidized Stafford Loans issued to undergraduates by the federal government.