Our government spent trillions of dollars responding to COVID, and just about everybody got a little something from Uncle Sam. Sometimes I think my wife and I are the only people in the United States who didn’t get a COVID relief check. For example, 14,000 law firms got Payroll Protection money, ostensibly to help them …
If you are thinking about enrolling in a pricey Ivy League graduate program, read a recent Wall Street Journal article titled “Financially Hobbled for Life’: The Elite Master’s Degrees That Don’t Pay Off.” Reporters Melissa Korn and Andrea Fuller report on a WSJ analysis of student debt owed by people who graduated from prestigious schools …
People are getting all sorts of emotionally tied up in the discussions about student loan forgiveness. But what many might be missing is just how insane the student loan debt has become. Take the situation that Lauren Schreiber is facing. She now has $581,000 in federal student loans that were easy to get and the …
Secretary of Education Betsy Devos hired McKinsey & Company, a global consulting firm, to audit the federal student loan program. Why did she do that? After all, the Congressional Budget Office, the Government Accountability Office or the Inspector General could have done the job. Why hire a private firm? I’m thinking Secretary DeVos and the …
Over the years people have confided in me about all sorts of things they have done to try and knock out their student loans. However, most of those things have involved more sex than smuggling or robbery. More than one person has told me they became an escort or considering that path. To help pay …
Question: Dear Steve, So, in 2016 I took out my first student loan! Only thing is, I was also unable to have my own bank account because I was “unable to sort my money the right way”. My stepmother at the time did a jointed bank account but when I protested to have my own …
Question: Dear Steve, Graduated with BA in American History from the University of Hartford in 2012 with 138k in loans, both private and federal. Paying approx $1300 per month since I graduated. I’ve done everything I was told/am supposed to do and have paid approx 84k and my loans have only gone down to about …
It can come as no surprise the financial problems is a major cause of divorce. A marital split is an understandable outcome from substantial relationship pressure. CNBC is reporting 1 in 8 divorces are caused by student loan debt, “13 percent of divorcees blame student loans specifically for ending their relationship, the report found. Student …
Willy Walker is the chief executive officer with the commercial financing and invest group Walker & Donlop. A recent interview with him by the Commercial Observer is just his opinion but it shows a different point of view on who is to blame for student loan debt. He also lays out who is going to …
Question: Dear Steve, About 5 year ago I applied for College straight out of high school. I worked from 9am to 5pm, then attend school from 5pm to 10pm. While also begin a mother to a one year old boy. It was not long at all before all that hard work became too overwhelming, and …