Author: Latoya

Why I’ve Never Been a Fan of TV Colleges

We’ve all seen them. You know those commercials that come on television during early afternoons, promising folks the ability to obtain a subpar education quickly so they can get to work. I, for one, can’t stand those damn commercials.They have always seemed less than truthful and it amazed me how they were actually getting away with it. Luckily, their unscrupulous practices have been scrutinized lately and as a result, one fairly popular for-profit school has recently shut its doors.Yeah, that’s right — ITT Tech will no longer be pumping out students and staking claim to $850 million dollars in...

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Should I Invest or Pay Off Student Debt?

There are roughly forty million of us out there that have student loan debt. Every major decision we make is weighed against the pros and cons of having so much debt to our name. From having babies to buying houses, many people my age have delayed “life” all because of their student loans. Many fail to establish an adequate amount of savings as their student loan payments leave them with paltry leftovers each month. Sometimes the decision to invest for our future selves are even put on the back burner. However, I can’t say I’m part of that camp...

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What You Shouldn’t Do If You Can’t Pay Your Student Loans?

I’ve heard the stories about not paying your student loans and they all sound like nightmares. I’m talking about the kind that make you wish you were dreaming kinda nightmares. Nightmares are working 40-hour weeks and having the government garnish your wages. See? Nightmares. I’m sure you agree, moving along… While I haven’t gone through this personally, one of my biggest financial fears is student loan default. Many people go into default for different reasons and sometimes it simply boils down to not earning enough money to pay those suckers back. Regardless of whether you’re a recent graduate or...

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Is Student Loan Forgiveness Worth It?

Student loan forgiveness — is it worth it?Well, I know for some it would be a dream come true. There aren’t many who would turn down having some of their debt forgiven with no strings attached of course. Heck, no strings? I would raise my hand in a heartbeat.But, if I’m so willing to have my loans forgiven, why am I not sitting around waiting until I’ve made 25 years worth of student loan payments under the Income-Based Repayment (IBR)?You know, 25 years... the amount of time I would need to make payments before any remaining student debt is...

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Are You Putting Life on Hold Because of Student Debt?

You know, just because you have student loans doesn’t mean you have to put life on hold. I’ve seen countless studies that says a certain amount of borrowers delay marriage. Or delay purchasing a home. Or heck, even delay having kids. This is something I refused to do. How noble and considerate of those who do make delays like these, but to me, they are completely unnecessary. Life waits on no one. I graduated undergrad in 2006 with a little under $40,000 in loans. In 2008, I finished my MBA studies with a total amount of student debt over $70,000....

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