Graduating from college is exhilarating. You're entering the real world, about to make it on your own. But if you're like most grads, the weight of your student loans quickly sets in, and facing this reality can be rather intimidating.
The age-old advice is to start investing as early as possible, but with more and more people struggling to make ends meet, it's becoming harder than ever.
I recently got a letter from my loan creditors that gave me the chills. One of my private loans is out of the grace period, and paying back over $35,000 in college loan debt is daunting to say the least. Here are two methods that I am going to employ in order to start effectively demolishing my debt and moving closer to financial freedom. I think they can help you too.
Despite high debt, the question remains whether or not credit is a bad thing.
Nowadays, the pursuit of the American dream has dwindled to nothing more than a vain ambition. Luckily, members of Generation Y are blessed (or maybe cursed) with levels of ambition previously unheard of: we are three times as likely to want to save money, compared to our parents and grandparents. Simply caching money in an everyday savings account won’t elicit wealth, though.
From day one, Uncle Sam and Lady Liberty have borrowed to pay for the country's pricey expenditures. Now federal debt is enormous and unsustainable. How did it come to this?
Earlier this week, the White House announced changes in student loan repayment policy intended to give relief to certain college grads struggling to pay back federal loans.