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Maybe President Obama is right about student loans
Every week in this blog I encourage you to avoid student loans for yourself and for your children. But, what if I’m wrong? What if borrowing on student loans is smart? What if you really can’t get a...
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The new Pay As You Earn student loan repayment program – a blessing or a...
Big changes are on the way in how student loan repayment works. And they are going to make your job of parenting even harder (in a twisted sort of way). If you’re a big believer in the value of debt,...
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Pay As You Earn will discourage parents from using their savings to pay for...
The primary value in the new Pay As You Earn program is it provides a safety net for the person that takes out student loans to go to college but has a low income once they graduate (or a low income...
View ArticleThe new Pay As You Earn student loan repayment program – A blessing or a...
The new Pay As You Earn program will have a huge impact on your children if they borrow on student loans. In part one of this series, I talked about the new Pay As You Earn (PAYE) program. The...
View ArticleThe Pay As You Earn Plan Drives More People Deeper Into Student Debt
The Pay As You Earn (PAYE) student loan repayment plan is driving more people deeper into debt. Its original intent was noble because it can provide a safety net for those with large student loans and...
View ArticlePay As You Earn is Not What it Appears
There has been a lot of press recently about expanding the Pay As You Earn (PAYE) plan for paying back your student loans. Generally speaking, Pay as You Earn creates a payment of 10% of your income....
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