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Federal Reserve Says Student Loan Payment Pause Only Delays Day of Reckoning

In March 2020, the Department of Education suspended required payments on federal student loans due to the COVID crisis. Unfortunately, the feds extended the pause six times, meaning that most borrowers have not made student-loan payments for more than two years. Nearly four out of five borrowers benefited from the pause on their student-loan obligations …

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How to Be Financially Successful When You Graduate

Congratulations! You’ve made it through the starving student years and now you’re ready to start a job and earn some real money. You’re probably thinking about all the things you’ll be able to buy, places you’ll go and things you’ll be able to do when those paychecks start rolling in. Not so fast. If you’re …

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“I Have Three Degrees But I’m Broke And Miserable”

Theresa “Dear Steve, I have $75,000 in school loans and I have one job bringing in $360 per week after taxes and another job where I make $150 per week after taxes. My car payment is $251, rent is $600, utilities are $130, Food is $80, and water is $45. I have a 401(k) with …

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Pam Is Out Of Cash And Out Of Time

“Dear Steve, I am no longer making ends meet. I have my daughters Sallie Mae $20,000 loan payments starting in one month, I can only afford to put little bits of gas in my car at a time, I have a $5,000 car loan and about $12,000 in credit cards. I have not bought anything …

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