young woman in city - federal student loan forgiveness programs

Nearly seven in 10 graduating seniors left college with student loan debt in 2014, with an average debt-load of $28,950 per borrower. Some student borrowers find themselves in difficult straits after graduation. About 20% of borrowers owe more than $50,000; 5.6% owe six figures. Plus, any amount of debt can be too much if you can’t find a job after graduation, or a job that pays enough to support you while paying back your loans. For these and other reasons—a …

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Like so many government endeavors, the Small Business Administration (SBA) can be both incredibly helpful and terribly confusing. But when your small business needs capital to grow or to simply keep the doors open, SBA loans are among the best small business loans you can get, and the SBA’s myriad other resources can help you make smart use of the money. Here’s how to navigate the SBA effectively to help your small business. There are many organizations that can help you structure and finance …

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One of the easiest personal finance tips out there is to simply stop wanting more stuff. It’s simple, but it’s true – if you had an easy way to basically eliminate your desire to acquire anything new aside from things to cover your barest needs, personal finance would become incredibly easy. Sadly, humans don’t work that way. Our desires run amok for a lot of reasons. We want things for personal enjoyment. We want them because they’ll fill an emotional …

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It’s still commonplace for bosses to think that they need to rule with an iron fist. This is never more apparent than in the sports world. Football coaches behave like tyrannic despots. They yell, degrade, and even hit to motivate their players. They think that if they’re not feared, there will be mutiny. Turn on the TV on any Saturday or Sunday in the fall and you’re likely to see a stout man in a hat screaming in the face …

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Getting a business line of credit is often a good idea to help manage your cash flow, deal with business expenses, and even invest in long-term growth plans. Unlike a business loan, however — in which you lock in to borrowing and paying interest on a set amount — a business line of credit allows you to borrow up to a certain limit, but only pay interest on the amount you actually borrow. So, how do you know which business …

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Over the years, I’ve come to understand that financial success isn’t a cause, it’s an effect. What I mean by that is that there are certain fundamental things you can cultivate in your life that, once cultivated, will cause financial success to occur almost effortlessly. The problem with that approach is that modern society encourages what amounts to the opposite of those core values. It encourages people to spend to keep up with the Joneses, to artificially and temporarily improve …

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Unfortunately in life, your past mistakes often have the uncanny tendency to haunt you, long after you made them. This is especially true when it comes to financial mistakes and your credit. Credit problems, in fact, have the ability to hang around on your credit reports for sometimes up to a decade. Because your credit is routinely used by others to judge whether or not they want to do business with you, any problems on your credit reports can make …

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It happens to the best of us: You write a check or make a purchase on your debit card only to find out later that you didn’t have enough money in your checking account to cover it — maybe you forgot about a quarterly payment coming due or your paycheck was delayed; maybe you’re just plain broke. Whatever the reason, the cost of that transaction put your checking account in the red, and once that happens, you’re going to get hit …

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What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. A brief annual budget 2. Buffett, GDP, and profits 3. Forecasting, planning, and budgeting 4. Inexpensive wills 5. Rich Dad and Amway 6. Quarterly budgeting 7. Halloween candy 8. Weird frugality 9. Minimum amount for single retirement? 10. Finding time for hobbies 11. Useless gift card 12. Frugal …

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These days, nearly everyone you know has embraced some aspect of modern, American consumerism. It’s not uncommon for families to have 200+ channels in their cable television package, for kids to have $500 smartphones and $200 sneakers, and for parents to trade in their cars for new ones every few years. This is more or less true all over the country, and can even be seen among families on the lower end of the income scale. The fact is, cheap …

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