Managing your debt takes a plan. It may seem like a monster if it’s large, but you are ultimately in charge of keeping your debt under control. There are many ways to manage it, so take a deep breath and relax. Continue reading
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Title X: Private Student Loan Transparency and Improvement Act of 2008
The Higher Education Opportunity Act was enacted on Aug. 14, 2008. It is a reauthorization of the original Higher Education Act (HEA) of 1965, back when Lyndon Johnson was President. The Act was created to help students pay for college by creating scholarships, increasing federal money given to universities, and giving out low-interest loans. The original Act also installed the Pell Grant, an award that does not require repayment. The subsequent reauthorizations of the HEA have amended additional programs, policies, and financial information. Continue reading
Alternative Credit Can Be Built Through Rent or Utility Payments
Having a credit history is important in the financial world. Having a good credit score tells lenders that you are responsible with money, and you will be more likely to receive loans or even a job. But what if you don’t have a credit history? If there’s no history, it will be difficult to get a loan. If your credit history is virtually nonexistent, your credit score will be low, and if you are approved a loan, the interest will likely be high. One way to start your credit history is to be an authorized user of a credit card, but of course this is also a way to damage your credit score if you run up an exorbitant bill. There is another alternative way. Continue reading
Debt: A Definition
Debt. It’s a small word, but it’s a big topic in the world of finance. It’s been around since the barter system, and it will always be around as long as goods exist. It can affect people of all ages and backgrounds for varying amounts of time. At some point in your life, you will have to deal with debt. It kinda sounds like “death,” and sometimes it might seem like it has a stranglehold on your wallet, but debt is an issue that can be resolved, as long as you stay informed. Continue reading
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