My recent column on President Barack Obama’s proposal to change bankruptcy laws so many student loan borrowers could start fresh touched a nerve with several readers. Some were outraged, but others said bankruptcy is the answer.
Borrowers who don’t postpone their payments and who track their progress, graduate from college, stick with a payback plan and communicate with their loan service provider substantially increase their chances of a successful outcome.
Rather than making it part of their routine to talk to their children about spending, saving and other money matters, many parents prefer to let schools handle the responsibility, according to a new survey released by the T. Rowe Price financial services company.
In a move that’s certain to be scrutinized, the Obama administration is weighing whether to loosen bankruptcy laws so some borrowers drowning in student loan debt could unload those burdens and start fresh.
The billionaire’s latest letter to shareholders of Berkshire Hathaway offers more than a few golden rules on how to be a successful investor, whether you have a few hundred dollars to invest or billions.
Democrats and Republicans rarely agree on anything these days on Capitol Hill, but one piece of legislation appears to be generating positive vibes from both parties. Legislation in the House and Senate would let college students use money from their 529s to buy computers and other technology.
The Truman Medical Center Charitable Foundation held its 10th annual benefit fashion show featuring 16 local boutiques and designers on Friday evening at the Kansas City Convention Center with guest host Mario Lopez.
It’s crunch time as the acceptance letters and financial aid packages start to trickle in. But how do you size up — financially speaking — which college is offering the best deal among your favorites? The answer, experts say, lies in knowing the “net price.”
Parents spend a lot of time talking to their kids about spending money wisely, budgeting and saving for the future. But I bet very little is mentioned about how to stand up for yourself, negotiate with the person behind the cash register and resolve a problem with a purchase.
Ron Lieber, a father and a personal finance columnist at The New York Times, has written a book to help parents overcome many of the struggles and insecurities associated with talking to their kids about money — a subject that can be tougher than a “birds and the bees” conversation.
My case of mistaken identity is a perfect illustration of a problem faced by many others who have been wrongly accused of skipping out on financial obligations. It can also be a learning experience for your kids about the world of credit.
Since overhauling the online version of the Free Application for Federal Student Aid several years ago, the U.S. Department of Education has continued to make tweaks. The most recent changes for 2015 clarified some definitions, color-coded some sections to make sure they’re not overlooked by students and parents, and provided more detailed instructions to certain questions.
What phrases and quotations does the word “money” conjure up? Apparently plenty, based on the response I received from readers after my recent column about the origins of “keeping up with the Joneses” and other expressions with money messages.
Students who file the Free Application for Federal Student Aid, or FAFSA, in January, February or March receive on average more than twice the grant funding from federal, state and college sources as those who file the forms later in the year.
The Consumer Financial Protection Bureau has taken action to shut down two of them: College Education Services of Tampa, Fla., and California-based Student Loan Processing.US. The Department of Education offers several programs to make payments more affordable. And unlike debt relief companies, the government’s programs are free.
To those of you given to pithy proverbs to make a point with your kids about money, wouldn’t it be nice to explain their origins and to translate their meanings in a way that fits into your kids’ vocabulary?
In a survey, parents were asked: Is there competition to outdo other parents on spending for children? The answer: yes, according to nearly 80 percent of the respondents. A better approach begins with budgeting.
Taking cookie sales online is a big step for the Girl Scouts. But Internet sales have raised concerns from many parents and privacy experts about potentially exposing teens and younger children to the dark sides of the Web.
The federal Consumer Financial Protection Bureau in November proposed sweeping and long-overdue rules that would bolster cardholder rights, clarify insurance protection, and provide more disclosure of fees and other account information.
About 42 million people have college loans — with the average amount owed hovering around $28,400. The editors of Edvisors.com, a college planning and financial aid website, recently released a report that lists 13 common mistakes to avoid in repaying college loans.