The White House Just Delayed Rules Meant to Protect Students From For-Profit...
The Trump administration has taken its first shot at rules designed to protect students from expensive, low-quality colleges and career training programs. Less than a month after Betsy DeVos was sworn...
View ArticleA Record Number of People Aren’t Paying Back Their Student Loans
The number of defaulted federal student loans hit a new high in 2016: about 8 million borrowers have given up paying on more than $137 billion in education debts. That means at least one out of every...
View ArticleTrump’s Budget Would Kill the Beloved Volunteer Program AmeriCorps
In the 23 years of AmeriCorps’ history, more than one million people have served in its ranks full-time. They’ve taught children how to read, helped urban high schools improve graduation rates,...
View ArticleThe Feds Just Rolled Back a Rule Protecting You From Overzealous Student Debt...
Student-debt collectors just regained permission to kick laggard borrowers when they’re down. The U.S. Education Department late Thursday rescinded an Obama-era rule that prohibited student loan...
View ArticleAmericans Are Dying With a Lot of Debt
Americans will likely take their debt to the grave. New data shows that 73% of American consumers die in debt. The average total balance left over is $61,554 (and that includes mortgage debt). The...
View ArticleA New Report Proves Just How Unaffordable Colleges Are For Most Americans
The vast majority of colleges are unaffordable for working-, middle- and upper-middle class students who don’t want to borrow, a new study has found. And even if students are willing to take out the...
View ArticleStudent Loans Make Millennials Desperate
Millennials worry about paying down their student debt so much that they’re willing to make a deal. The American Student Assistance — a nonprofit dedicated to eliminating financial barriers to...
View ArticleThe Most Depressing Headline I’ve Seen This Year
We’re only a third of the way through 2017, but when it comes to choosing the most depressing headline of the year, there’s an embarrassment of riches. From ACA to ISIS, from immigration to...
View ArticleHow Do We Save For Retirement And Pay All Our Bills?
Question: My wife and I just turned 37. We have only $12,000 saved for retirement, which is in a 401(k) at the school where my wife works. I’m an independent auto mechanic, so I don’t have one of...
View Article3 Steps to Become Debt-Free and Chase Your Dreams
With $50,000 in student loans that I need to pay start paying off, I can’t fool around. So I developed a three-part plan to get this weight off my shoulders as fast as possible. The longer the debts...
View ArticleWhy You Should Refinance Your Student Loans
With student loan debt toppling over at $1.3 trillion, it’s the largest debt among Americans after their mortgages. As college costs continue to grow, graduates should consider refinancing their loans...
View ArticleMan on the Street: What’s Your Take on the Student Loan Debt Crisis?
Video Transcript Hey guys, it’s Miss Money Michelle here with Debt.com. Did you know that there’s $1.2 trillion of student loan debt in the United States today? That’s crazy! So, we’re hitting the...
View ArticleCan Volunteer Firefighters Get Student Loan Forgiveness?
Question: I am a volunteer EMT at my local fire department. Am I eligible for loan forgiveness? — Jong in Maryland Howard Dvorkin CPA answers… Sometimes the shortest questions produce the longest...
View ArticleCollege Seniors Struggle To Pick Careers
How do you find a rewarding job that gives you a sense of accomplishment and well-rounded life? You could start by seeking career advice and job searching while in college — but most college seniors...
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College Grads Moving Back To Mom’s And Dad’s
Driving yourself $10,000 in student loan debt for a college degree is still valuable to millennials. Unfortunately, can’t use those degrees to buy their own homes. College tuition has risen at a rate...
View ArticleAre You Paying the Wrong Debt First?
A major credit bureau is surprised by our priorities when it comes to paying down debt. A new study from TransUnion says we’re paying off unsecured personal loans faster than auto loans, mortgages, and...
View ArticleHow The Government Adds To Student Loan Debt When It Tries To Lower It
Every day, I read financial reports and studies — like this one stating the U.S. median home value is now $198,000, higher than right before the housing crash of 2007. I seldom read Buzzfeed. On the...
View ArticleMiddle Class Millennials Struggle With Employment
If you are under age 37 with a less-than-perfect credit score, congrats, you are a part of the “new middle class” — and probably still struggling to get by. That’s at least what a new study from...
View ArticleHow Do I Stop Being a Co-Signer On A Student Loan?
Question: How do I end being a co-signer on a student loan? — Sonia in California Howard Dvorkin CPA answers… As I’ve often said, the shorter the question I’m asked, the longer the reply I need to...
View ArticleMillennials Out-Save Older Generations
Millennials choose happiness over money — probably because they make the same amount as college graduates did 10 years ago without high student loan debt. If they got a pile of cash today, millennials...
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