Finance Globe

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

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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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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5 Ways to Pay Back Your Student Loans Faster

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Everyone who has student loans wants to pay them off and wants them to go away. There are many ways to help you pay back your student loans faster. If you make your student loans a priority, it will be easier to pay them off. Below are 5 ways to help you pay them back faster: Make a plan and understand your loans. You need to understand your loan amounts, terms, rates, etc. and map out exactly how you...
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Student Loans – What To Do When They Don't Cover Full Tuition

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It can be really difficult to know what to do when student loans don’t cover your full tuition. This can leave you in a very difficult position, especially if you don’t have parents that can help you out.You have a few different options if you find yourself in this situation. You should initially try to find out if you can get grants or further student loans. For example, if in the past you have only taken...
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3 Ways College Students can Prepare Financially for the Second Semester

3 Ways College Students can Prepare Financially for the Second Semester
As a college student, there’s no better feeling than putting the first semester of the school year in the past.While there’s nothing wrong with enjoying your winter break, it goes without saying that the second semester will arrive sooner rather than later.Are you financially prepared for everything the second half of the year will bring? Here are three ways to ensure that you’re on the right track when this time of the year rolls around:1. Review...
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Frank
I would add: (1) be organized and (2) set a concrete budget for the 2nd half.
Tuesday, 24 January 2017 17:05
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5 Things Students Should Look for in a Credit Card

5 Things Students Should Look for in a Credit Card
Choosing your first credit card as a student can be confusing. With little or no previous credit card knowledge or experience, it’s easy to pick the wrong credit card. Unfortunately, choosing the wrong credit card can lead to serious credit problems that affect your life for years to come. Here are some of the most important things to consider as you choose your first student credit card.Reputable credit card issuer.Picking a credit card from a reputable...
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Frank
Free credit monitoring is a huge plus for a student. This will help you stay out of trouble early in your personal finance life. I... Read More
Monday, 21 November 2016 18:21
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7 Tips For Dealing With Your Student Loans

7 Tips For Dealing With Your Student Loans
Student loan debt has grown steadily over the last several years, with the total amount of outstanding debt topping $1.3 trillion according to a report from the Federal Reserve Bank of New York. Many borrowers owe more than $50,000 and some even owe more than $100,000. Dealing with student loan debt can feel overwhelming, but it's possible.Explore your repayment options. Many student loan providers give you several different options for repaying your student loans. Some repayment...
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Frank
My wife and I are currently going through all of these steps as we pay off our student loans. It is honestly a ton of work, but wo... Read More
Friday, 26 August 2016 12:58
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What are the Advantages of a Student Credit Card?

What are the Advantages of a Student Credit Card?
A student credit card provides the opportunity to learn financial independence, while also taking advantage of a variety of benefits.Before you apply for one of these, before you have this discussion with your college age student, it’s important to learn more about the many advantages. Here are a few things to consider:•    Financial education early in life•    A jumpstart on building your credit•    Access to a variety of high level features•    Alerts to ensure you never...
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Frank
Always start early in your life to build your credit score and history. It will absolutely pay dividends over your life, and you w... Read More
Friday, 17 June 2016 13:05
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Taking Time Off From College to Save Money

Taking Time Off From College to Save Money
With the cost of college on the rise, some students eventually find themselves in a challenging financial situation.While they want to continue with their education, they simply don’t have the money to do so. They have exercised all their options, such as student loans and other forms of aid, but it still isn’t enough.Most people advise against taking time off from college to save money. The fear is that you will not return. This is a...
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Frank
Many college now offer part time offerings as an option as well. You should consider that as well so you can finish school as earl... Read More
Monday, 25 April 2016 08:32
ChrisB
That is a great idea, Frank. It's kind of like the best of both worlds!
Monday, 25 April 2016 08:37
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7 Fast Money Saving Tips for College Students

7 Fast Money Saving Tips for College Students
There aren’t too many college students who have a surplus of money. If you find yourself short on cash, it doesn’t mean you have to sit in your dorm room day and night. Instead, you simply need to adjust your approach to ensure that you aren’t making poor financial decisions.Below are seven fast money saving tips for college students:•    Always sell your old text books. You can then use the money to purchase any books you...
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Frank
No one has money in college (or the vast majority of students don't). This is one of the most important times in your life to real... Read More
Thursday, 17 December 2015 18:57
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