Finance Globe

U.S. financial and economic topics from several finance writers.

Types of Student Loan Debt

college-debt-hallway1
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...
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Smart Money Moves to Make in Your 20s

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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...
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Wanderer
This writing is thought provoking as we look toward a solid financial foundation for our futures. Good information and the 50/30/2... Read More
Tuesday, 28 May 2019 21:18
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Personal Finance for High School Students

internship1
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...
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Frank
Does anyone currently have a child in high school and are trying to teach them about personal finances?
Monday, 27 May 2019 15:11
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Student Debt in 2018

students-learning-college
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...
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Wanderer
Scary read! The Student Loan Debt is astronomical in size. In my mind I would like to see a tax break for students who pay a certa... Read More
Thursday, 29 November 2018 20:30
Frank
I agree 100% I also think this is one of the biggest long-term concerns to our economy.
Thursday, 27 December 2018 09:43
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What is a 529 plan

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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...
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Frank
I just opened my own account for my future child. When she is born, I will transfer it over to her name.
Monday, 29 October 2018 11:18
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Tips and Tricks to Help you Pay Off your Student Loans Faster

college-female-student-debt
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...
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Frank
Anyone having success paying off their student loan debts??
Wednesday, 29 August 2018 17:10
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Update on How I Am Paying off My Student Loans

internship1
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...
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Disadvantages of Student Loans

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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...
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Benefits of Student Loans

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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...
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How I Am Paying off My Student Loans

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​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...
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Frank
As an update, I am currently ahead of schedule! If my keep up with my plan, I will actually be debt free by the end of this year, ... Read More
Friday, 23 February 2018 14:25
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