Democratic 2020 presidential candidate Mike Bloomberg recently released his new plan for federal student loans. His proposal would significantly increase federal spending on higher education in order to subsidize higher education for lower-income families. The 10-year, $700 billion plan proposes to eliminate tuition and debt…
Paying off student loans can get very overwhelming and burdensome. So, what happens when you don’t pay off your student loans? The size and frequency of the payments can be a challenging task to juggle, especially during the earlier years of your career when your…
Before looking into private student loan services, make sure you have exhausted all federal loan options. Remember to always compare offers from multiple private lenders to find the lowest interest rate. When used, private student loans can help you make ends meet whilst pursuing your…
Tired of managing multiple federal student loan payments? If so, maybe it’s time to consider loan consolidation. Consolidation Loans combine multiple federal student loans into one big loan with a fixed interest rate. The interest rate will be the average of the interest rates of…
Hope is not lost for parents with bad credit or even no credit. There are several alternatives parents can take to help their students pay for college. Start with federal student loans. Unsubsidized and subsidized federal loans, the two main types of student loans,…
Eager to pay off your student loans but don’t know where to begin? Whether you’ve just graduated college, or you’ve been trying to tackle this hurdle for over a decade, here are some possible game plans to pay off your lingering student loans. Refinance your…
Bitcoin and blockchain tend to grab headlines in the world of banking. Cryptocurrency is the poster child of “disruptive technology” in the traditionally slow-moving finance industry. But, there are other areas where developers and software engineers must update business-as-usual in banking in order to survive….
“My flight was delayed 6 years ago. Back then, I had no idea that I could get compensated for that. Can I still get a compensation for that flight delay?” This is what many passengers who have only recently been made aware of their air passenger…
Fintech has become globally mainstream, with 64% of consumers adopting some sort of behavior that fuses technology with financial services. As the market becomes more mature, so do the challenges facing fintech institutions. This year has brought new trends in improving security, big innovations in mobile banking,…
Credit inquiries come in two flavors: soft and hard. Here’s how each kind affects you. Inquiries, soft or hard, are authorized requests to see your credit report. But the similarities end there. Soft Inquiries A soft credit inquiry is sort of a more routine…
Certain strategies such as paying more than the minimum payment, paying higher-interest loans down first, and getting student loan repayment assistance from your employer may help you pay off your student loans fast. Part of providing for yourself after graduation may repaying student loans, which…
At Credit Abuse Resistance Education (CARE), we are committed to helping students like you get the knowledge you need to make smart financial decisions. We believe learning financial management skills will help you reach your personal and professional goals. With the number of students dependent…
