Key Takeaways: Student loan debt in the U.S. has surged 148% to $1.4 trillion in 2023. Over 10% of student borrowers are currently in default. Student loan defaults have increased by 240% since 2013. In the last decade, the United States has witnessed an unprecedented surge in student loan debt, tra…
At a Glance A goodwill letter is a formal request to your student loan servicer to help remove a negative mark from your credit report. Writing a successful goodwill letter involves clearly explaining your financial hardship and how you plan to improve your situation. It may take several weeks or mo…
At a Glance Debit cards can help students learn financial responsibility, offer convenience, and provide a measure of security. However, they have less robust protections than credit cards and do not directly contribute to a credit history unless linked to a credit-building account. Compared to cash…
At a Glance For-profit colleges often have higher tuition and fewer financial aid resources than traditional colleges. These institutions may spend less on your education, resulting in larger class sizes and fewer instructors with advanced degrees. Graduates from for-profit institutions tend to earn…
At a Glance Installment loans allow for borrowing a larger sum and repaying it over time through regular installments. These loans often have fixed interest rates, which adds predictability and stability to your financial planning. While installment loans can be beneficial, they may also come with d…
At a Glance This article provides information on where to find grants and scholarships for Black women pursuing higher education. Key sources of funding include universities, civil rights and advocacy organizations, women’s groups, and scholarship databases. These financial resources can allev…
At a Glance This article provides a comprehensive overview of various low down payment mortgage programs, including FHA, USDA, VA loans, and more. Each program is discussed in detail, presenting their unique features, advantages, and potential drawbacks. The piece also highlights the pros and cons o…
At a Glance This article outlines how to pay for college if you lose eligibility for financial aid. One key strategy is understanding and addressing the reasons for losing eligibility for financial aid. Other strategies include filing a financial aid suspension appeal, applying for grants and schola…
At a Glance This article provides a guide for choosing a college major, emphasizing the importance of aligning the choice with personal interests and strengths. It suggests considering factors like future job possibilities, additional schooling requirements, and potential income when deciding on a m…
At a Glance The article presents a list of 9 podcasts that are beneficial for those who are planning to start or expand their side hustle. Each podcast on the list provides unique insights from successful entrepreneurs and side hustlers, offering both inspiration and practical advice. The podcasts c…