Eliminating your morning Starbucks coffee and cutting coupons are perfectly legitimate ways to cut costs and rein in your finances. But you’ll never get rich playing so-called small ball. To reach financial success, you need big wins. You need to address the areas of your financial life that will save you not $5 here or $10 there, but tens of thousands of dollars. … [Read more...]
9 Things I Did To Pay Back My Student Loans in 2 Years
Repaying student loans is something that can take a lifetime or a little bit of time, depending on your financial commitments, your support circle, and your focus. By the time I started on my second master’s, I had already been in and out of debt two times for school. So, by the third time, I had figured out ways to minimize my time in school debtor’s prison. So here I are … [Read more...]
Money Monday: Five Ways To Keep College From Becoming A Wealth Trap
Thousands of students are headed back to college. But for many, college will become nothing more than a huge wealth trap. The statistics don't lie. According to the Associated Press, more than half of America's recent college graduates are either unemployed or working in a job that doesn't require a bachelor's degree. At the same time, Class of 2013 grads averaged $35,200 in … [Read more...]
Money Monday: Is It Ever OK to Give-Up on the Idea of Paying Off Your Student Loans?
For many people, the two worst words in the English language are "Sallie Mae." Like a demon from the pits of hell, this beast arises every month for her pound of flesh in the form of burdensome student loan payments. Think I'm exaggerating? Consider that hundreds of thousands of people are currently struggling with a combined one trillion dollars of student loan debt. And … [Read more...]
Changes in Loan Polices May Impact Your Child’s Ability to Attend College
Due to changes in the way the U.S. Department of Education evaluated the credit of parents applying for a federal PLUS loan many students are having to make significant changes while on their path to college graduation. Faced with having to change schools or even stay home, black students have been negatively impacted by these new polices which result in their parents no longer … [Read more...]