Debt

In the article, “ The Largest Predatory Lender in America” by Kevin Cochrane makes valid arguments against our government itself and reason for increased student debt. The title itself explains the overall concept of the article and is ironic because The U.S acts like a “predator” looking for their next victim and preferably which are low income minority borrowers. An organization that targets a certain population would typically be investigated under the government but in this case it’s our…

What is Debt Management? Debt management is known as a technique which helps account-holders or debtors to payback or to handle their obligations in a better way. It involves some creditors working on helping and sorting-out debts which helps making it easier for defaulters to manage payments in a more successful and effective approach. If debtors have a problem with managing obligations they can reconsider some Management Companies. IMPORTANCE OF DEBT MANAGEMENT: From the early 1980s, Public…

The public debate over student debt is often focused on the roles of the students but leave out the colleges themselves. Colleges do not “shoulder none of the financial [risks] that comes with debt … [and] they get paid just as much regardless of whether students pay off their loans on time”(). With the solution of forbearance, it gives a little bit of breathing room before default kicks in which means you will no longer be eligible for forbearance, deferment, or lower payment options. Default…

scholarships and grants than ever, this generation of students are also ending up more in debt than ever before. This is an effect to the shear volume of government money handed out: universities see that the government will pay for certain things for a student, so they have begun to charge more per student in order to take advantage of the free money. Loans and grants…

it to go. Source 1 Akers, Beth. Brown Center on Education Policy at Brookings: Is a Student Loan Crisis On The Horizon? June 2014. Print. In Akers article, she discusses how student loan debt has been increasing over the past two decades. She raises the question about whether the student loan debt market is headed for a crisis, because many students who are taking out loans are becoming unable to repay their loans and taxpayers are being forced to pay for…

attend college. The thought of taking out a mass amount of student loans along with the pressures of paying it all back is enough to make anyone think such a decision through. Debt should not deter people from attending college because they can pay off student debt. To begin, taking out student loans and having to pay off debt is seen as…

Student debt is an epidemic that has taken over the nation, and students are unaware of its ramifications. Schools know that students are willing to pay the high costs for a quality education, however, students do not always know how to pay for their schools. A part of this problem is that students are unaware that there are options other than student loans, there is a way to minimize their impact, and students believe many myths about scholarships that discourage them from seeking them out.…

College debt is stopping people from perusing their dreams. One example of this is the story of a girl named Alejandra Lalama, who dreamed of having a career in audio engineering. After she set her heart on getting a degree at Full Sail Real World Education, she was forced to take out loans to pay for her schooling. Eight years later she had her hard-earned degree. However, she was unable to have her dream job, and she had to live with her mother while she worked in an overwhelming attempt to…

student loan debt relief may seem like a dream. Paying back student loans is becoming extremely hard, particularly in this economic downturn. Even though it is nearly impossible to eliminate these loan obligations, even if the bankruptcy route is considered, there are realistic steps that individuals could take to be able to pay off debts without acquiring more financial obligations. Perhaps one of the best ways to get student loan debt relief when you are struggling with a huge debt is to get…

controlled namely the debt consolidation. What is the debt consolidation and what should be prepared prior to consolidate your debts? I will give you an explanation. What is the debt consolidation? Debt consolidation is the merging of several loans into one big loan. Debt consolidation allows people with multiple debts to combine all high loan interests into one bigger loan offering lower interest. So the more the loan, the lower the interest rate charged on the loan. Debt consolidation is…