Finance Globe

If you need to borrow for your college or post college expenses, you should know what borrowing options are available to you. Generally there are two major sources of student loans. Federal and private loans are available to individuals, however federal student loans are much more common. There are also advantages and disadvantages to each, so please make sure you research before selecting your borrowing option. However it is important to note that no matter what...

If you are in yours 20s (lucky you!), you have an amazing opportunity to build a solid financial foundation that will serve you well for the rest of your life. You also have a huge opportunity to reverse any bad habits or correct any mistakes you have made to date. Now you may know that you need to start thinking about money, but just don’t know where to start. Below is a general guide and some...

There is an issue I think needs to be addressed in public high schools. While the core classes like algebra, geometry, and English are critical, these schools are putting enough focus on everyday skills like personal finance. I think personal finance should be a core class in high school. Learning these skills in high schools will help the student through adulthood, and may even find a job. I bet there are many that find themselves behind...

Student debt has officially gotten out of control. I was reading some interesting articles this weekend on student debt and I thought I would share some of the highlights. I am also not providing any kind of solution, but this has to be addressed. It may be too late, but the numbers below are just staggering! Student loan debt is now the second highest consumer debt category. Student debt is only behind mortgage debt, and it...

As I discussed last month, a 529 plan is a great way to save for your children’s future. However, many people may not know what a 529 plan is and what kind of benefits it offers to you and your children. Below is a high level summary of what a 529 plan is. Please feel free to include any questions or experiences with 529 plans in the comments section below. A 529 plan is a tax-advantaged...

This shocked me, but I read an article that stated there are over than 44 million borrowers who owe more than $1.4 trillion in student loan debt! That amounts to over $31,800 per person, which is a lot of money! While you may not be able to pay off the entire amount quickly, the ball is in your court and there are several ways to ease your current debt burden. Below are some great tips and...

I wanted to provide everyone an update on my progress on paying off my student loans. This not only helps me keep track of my progress, but I hope it provide others in my situation an example as well as some helpful tips. I am officially one year in, and I have paid $17,400 towards my student loans. While this number feels great, I know I still have a long way to go. With my interest...

I just discussed the benefits of student loans since student loan debt has been in the media so much lately. As I do believe there is a real problem that is occurring, I wrote about some obvious advantages of student loans that help aspiring students. Now I am going to discuss several disadvantages of student loans and problems that can come up if the student does not realize what he or she is getting into. The...

Student loans and student loan debt has been in the media quite a bit recently, especially with how much student loan debt has increased over the years. Some of the criticisms are accurate, and a real problem may be arising. Yet I wanted to write some obvious advantages of student loans, and for certain situations, student loans can provide huge benefits for an individual. Can be great deals for a student: Many people are understandably hesitant...

​I have student loans. I am just like millions of other young Americans who have to pay back student loans because I wanted to get a better education, and I wanted to get an advanced degree. There isn't necessarily anything wrong with that, but issues come up when people talk about having to pay them back. I am not going to discuss these opinions, but I did want to give you an example of how I...