How to Fix Defaulted Student Loans
In this tough economy, an increasing number of college graduates (and college drop-outs) are falling behind on their student loans. According to the Department of Education, federal student loan defaults are up to 6.9% in 2009, well above their year-ago level of 5.2%. For those carrying private loans, defaults hit 3.37% in 2008 versus 1.47% […]
Student Loan Consolidation Vs. Rehabilitation
You can consolidate your student loans into one payment in an effort to reduce your monthly payments. Before you can consolidate, you have to bring your loan(s) out of default status, if any are in default. You do this by making just three monthly payments — on time, and in any amount that you and […]
How to Appeal a Wage Garnishment for Defaulted Student Loans
If you default on a federal student loan, the government has a right to garnish your wages in order to obtain payment. The good news is that you can appeal a wage garnishment and request a hearing on the matter in order to demonstrate why it is that you can’t afford the payments and wage […]
Pay Off Student Loans Fast: Consolidate Them
Anyone with student loans receives lots of offers in the mail from lenders seeking to consolidate your student loans. To learn more about this option, read below for my last tip in a series of “Seven Smart Ways to Pay Off Student Loans Fast.” Read also Tip #1, Tip #2, Tip #3, Tip #4, Tip […]
How to Negotiate Your Student Loan Payment
By Lynnette Khalfani-Cox, The Money Coach Did you know that you could negotiate loan rates and terms on any new federal student loans? To learn more, read below for my Tip #6 in a series of “Seven Smart Ways to Pay Off Student Loans Fast.” Read also Tip #1, Tip #2, Tip #3, Tip #4, […]
Pay Off Student Loans Fast: Volunteer, Teach, or Serve the Sick
A host of working professionals and volunteers can have their loans forgiven or outright canceled. To learn more, read below for my Tip #5 in a series of “Seven Smart Ways to Pay Off Student Loans Fast.” A new tip is presented each day for seven days. Read also Tip #1, Tip #2, Tip #3 […]
More Smart Ways to Pay Off Student Loans Fast: Get Forbearance Approval
Most people think only students who are enrolled in school can get deferments on their student loans. Nothing could be farther from the truth. There are a variety of reasons those with loans can defer or cancel their payments. To learn more, read below for my Tip #4 in a series of “Seven Smart Ways […]
Smart Ways to Pay Off Student Loans Fast — Get Uncle Sam to Pay It.
Who better to forgive your student loan than the lender? Just as Mom and Dad sometimes forgive portions of a loan to you, the same can be said for the Federal government, which issues more than 10 million student loans a year. To find out how to get the Federal government to pay off your […]
More Ways to Pay Off Student Loans Fast — Have Your Boss Do It.
You obtained that college degree for a reason: To get a decent-paying job. That job just might pay off your student loans in a way you haven’t before considered. To find out how, read below for my Tip #2 in a series of “Seven Smart Ways to Pay Off Student Loans Fast.” A new tip […]
7 Smart Ways to Pay Off Student Loans Fast
About 70% of today’s four-year college graduates have student loans to repay. The typical recent grad has roughly $35,000 in student loans, according to data from Edvisors. While it often takes borrowers 10 to 15 years or more to pay off college debt, it doesn’t always have to take that long. There are several different […]
Additional Help for Minority and Women-Owned Businesses
If you’re a woman or an ethnic minority looking for more resources for your small business, additional help is available for minority-owned or women-owned businesses from any of the SBA’s small business counseling and training partners, including: SCORE SCORE stands for the Service Corps of Retired Executives. There are more than 10,500 SCORE volunteers in […]
Tips for Getting Certified as a Woman-Owned Business
A Woman-owned Business Enterprise (WBE) is a business that is at least 51% owned, operated and controlled by a woman or women who are U.S. citizens or legal Resident Aliens. The primary place to get certified as a woman-owned business is the Women’s Business Enterprise National Council. The WBENC is the country’s leading third-party certifier […]
How to Qualify for Certification as a Minority-Owned Business
A Minority Business Enterprise (MBE) is any business that is at least 51% owned, operated and controlled by an American citizen or citizens of the following ethnic groups: African American Asian American Latino/Hispanic American Native American The primary place to get certified as a minority-owned business is the National Minority Supplier Development Council. About the […]
4 Tips for Tackling Credit Card Debt and Raising Your FICO Score
The average American family owes $8,000 in credit card debt, according to the American Bankers Association. All together American consumers were carrying $2.564 trillion in total debt in January 2009, up 1.2% from December, reports the Federal Reserve. We are a nation in deep debt, but there are some strategies you can take to help […]
5 Reasons to Keep Contributing to Your 401(k) Retirement Plan
Many people are cutting back their contributions to their retirement plans, such as to their 401(k) or IRA because of the deflating U.S. economy and even their deflating pocketbooks. If you’re one of those people, or are one considering saving money by not contributing to retirement, that’s not the way to go. You’ll only feel […]