Wise With Wealth
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Wise With Wealth
A personal approach to finance
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The Student Loan Proposal: What It Might Mean for You

The Student Loan Proposal: What It Might Mean for You | Wise With Wealth | Scoop.it

The future was bright when you decided to take out student loan to finance college education but the heavy clouds of recession and unemployment threaten to make your future dark and bleak. The Obama administration has a plan to let some sunshine in with an income-based repayment plan. Is this the solution you were hoping for?  Mark Krantowitz takes the measure of a presidential proposal to ease the repayment of student loans -- at least to new borrowers.

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How to Consolidate Your Debt and Pros and Cons

How to Consolidate Your Debt and Pros and Cons | Wise With Wealth | Scoop.it

Taking out a big chunk of money to pay off all your existing debts will only work if you don't get into any futher debt. A problem can't be solved by engaging in behavior that created it in the first place.  Here's some solid advice on where to find the resources for debt consolidation.

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The growing student-loan crisis

The growing student-loan crisis | Wise With Wealth | Scoop.it

It’s hard to imagine undergraduates with six-figure student loan debts but that’s the reality made even more painful when in 2005 bankruptcy reform laws extended protection to private student loan lenders. Student loans now join the list of debts that can never be erased. Liz Weston makes a strong case for offering sensible payment options to young people who are struggling with this problem.

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