The figures are horrifying: The average household credit card debt in the US is around $15,000, the average mortgage debt is about $147, 900, and overall consumers owe over $11 trillion in debt. Every day, millions of people use credit cards as a financial crutch. Unable to pay for their purchases, they carry their balance
The Disastrous Consequences of Amassing Debt Read More »
If you think you cannot “enjoy” life without millions of dollars then you are not the only one who thinks so. There are many people who are of the view that money is the only thing that one needs in order to have a happy life. This may not be entirely incorrect; however, thinking that
Cheap and Satisfying Ways to Reward Yourself with a Debt Free Life Read More »
A lot of people equate graduate school with a serious amount of debt. In most cases, it is worth it to go into debt for school. A college education can lead to higher paying jobs and a more fulfilling life. Unfortunately, college costs have skyrocketed in recent years, forcing most young people to obtain a
Understanding Student Debt: Deferment, Forbearance and Consolidation Read More »
You can just imagine how expensive being in college is nowadays. There are many things you have to pay for including tuition, textbooks, dorm, and lots more. The last thing you need in college is paying for debts. But why do many students end up owing a big amount of money to others? One obvious
Tips for Avoiding Debt in College Read More »
The costs are accrued from going to college or university has increased hugely over the last ten years, with rises in tuition fees and also a rising cost in the standard of living. Students who plan to study at college will need to plan very carefully and astutely if they are avoid excessive debts. Before
Financial Planning Tips for Students Going to College Read More »
Morris Brown College has transferred $500,000 to the federal government to pay off a $10-million debt, according to a press release by the college. The historically black college—which reached a settlement in April with the U.S. Dept. of Education to relinquish the millions of dollars of unused financial aid given to the school—made the payment
It’s Official: Morris Brown Pays Off $10 Million Debt Read More »
