Some people may ask, "Is it possible to be debt free?" Debt can seem like a bottomless pit, but there are ways out. If you're trapped by debt at the moment, know that there is light at the end of the tunnel. Also know that there's no quick tricks to get rid of all your debt. The process w...

Today, it's hard to get through college without taking out a student loan or taking on the burden of debt. The price of college keeps rising and there's less money to go around for everyone. You may not want to take out a student loan and avoid debt but, are there other alternatives? Let's explore ...

Today, credit scores are everything. Whenever it comes to a credit decision, your score is the primary factor for financial institutions or lenders. For some, it's the only thing that they look at. This means that your score should be as high as possible. A high score will give you the best rates a...

Debt burdens the borrower and gives the lender the upper hand. Since funding is often based on loans, you can easily end up in a situation where you're drowning in debt. This dilemma has been going on for centuries without anyone blinking an eye. Here are 5 ways that debt continues to be a lose-los...

Debt. It's something that almost everyone has and everyone is familiar with. For some, it helps them afford things that they couldn't otherwise, but for others, it gets them stuck. For many, debt has become a cycle where interest continues to build and build until it seems impossible for them to ge...

Debt can be a useful tool, but other times you can get stuck in the debt trap. Sometimes debt keeps you in a continuous cycle where interest compounds and it seems like you'll never escape. So what are some of the ways that debt traps you?

1. Interest isn't your friend

Interest is a parasite that you...

What is Student Loan Consolidation?

Student loan consolidation is a way to combine your federal student loans into a single loan. This allows you to have all your loans in one place with a single payment, while keeping federal loan benefits. If all your student loans are federal student loans, then ...

When someone mentions student loan forgiveness, they are normally referring to the Public Service Loan Forgiveness (PSLF) program, which forgives people with federal student loans. If you qualify for this program, the complete balance of your federal student loa...

Year over year, the average amount of student debt per borrower continues to rise. College prices have been climbing, so students continue to borrow more money to pay for their education. This burden causes recent graduates to delay major life events, just so they can pay their loans. 

So, what...

The recent decision by Dartmouth College to no longer include student loans as part of the institution’s financial aid package, while worthy of applause, is also worthy of a closer look to explore its wider repercussions. Eliminating student loans as part of a financial aid package is a step in the ...