Government debt

It is with the notion of means tested eligibility that leads Brooks (2015) to argue that the UK’s higher educational system is ‘neo-liberal’ and its welfare system that is beneficial to the lowest income families, suggesting that it is ‘selective’ in who benefits financially. This is mirrored by the findings from NUS (2009) as they found that lone parents are more likely to be successful at accessing financial support in order to study, as opposed to households with a larger income. This…

put into your savings account to show you have enough reserves to handle a mortgage should an unforeseen emergency arise. 2. Lower Your Debt-to-Income Ratio Having a second income will also lower your debt-to-income ratio, that is, if you don't continue spending and increasing your total debt amount. How an FHA Loan Works An FHA loan is backed by the government and insured by the Federal Housing Administration which protects the lender from loss if a borrower defaults. An FHA loan has the…

Financial Management: Understanding Debt and Risk As a person advances in their ability to generate income, they will typically find themselves with an increasing number of opportunities to acquire debt. If a person desires a new car, they can often purchase one with someone else’s money; if a person wants a larger television, they can often choose to pay for that with borrowed money as well. Understanding debt and learning how to manage the financing of one’s consumption becomes more important…

Colleges are like a double edged sword, they help people reach a higher level or learning but they also carry the potential to bury that same person in a mountain of student debt. People always think about what they can do to further their life, and a big part of that thinking revolves around how they are going to or even if they are going to attend college. The thought of the tuition fee and rising costs discourages some from taking that step towards a higher education, but for some, and…

Majority students are asked “What do you want to do after high school?” Most do not know, some are on the fence, but majority students know what their plans are and that’s to go to college. Students dream of going to big prestige colleges or colleges right in town. When students apply and get the golden acceptance letter, their dreams and hopes have come to reality and the world stop. Excitement runs through and everything seems amazing until, the price to attend is shown. Students start to…

This plague, known as “debt,” not only affects dropouts, but also some college graduates. Several questions arise: what have been the main causes of the rise of college tuition over the past few decades? What economic impacts does this issue impose on the United States? What social repercussions does college debt have on student loan borrowers? What solutions have already been proposed? What are their benefits and flaws? Lastly, what is the best solution to resolve student debt? As the United…

the average student loan debt today is reaching $30,000? As of 2013, about seventy percent of graduates left college with a debt of at least $28,400(ticas.org). This means that out of every ten seniors, seven of them are leaving college with this amount of debt and it also projects that anyone can end up with this amount of college loan debt . The average student debt for the class of 1993 used to be $9,400, compared to the debt today, that is more than double of what the debt used to be. This…

most recent data shows the average student loan debt per student was thirty thousand dollars with over twelve million who borrow per year (Institute, 2016). There are over one trillion dollars of past due student loans to date. The majority of students taking out these loans are under the age of twenty-nine. This means that right out of high school, with no income, these students have started to acquire a lot of debt. Added to the size of the debt is that gradually over the last several…

I loathe my student loan debt, but then again, no one likes their student loan debt! Some news broke this week that added a bit more understanding to some of the heartache I’ve experienced with my student loan provider. A major student loan company, Navient, is being sued by the Consumer Financial Protection Bureau. I am particularly interested in this (ok part of me is really excited to see them get theirs!) because Navient happens to be the only company I owe any debt to. Navient is…

While student loans may be considered good debt, meaning that it can be viewed as an investment rather than a debt, they still provide quite a large monthly payment(s) each month. For many students and/or grads, the student loan debt may turn out to be very hard to manage; that's a situation where consolidating may benefit. Consolidating all of your student loan debt college debt into one loan has its good points and bad points. The benefits include smaller monthly payments and that it's much…