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Teaching Kids About Math Not Money is the Key to Keeping Them Out of Debt

Much has been made following the last economic recession about how to educate consumers and prepare them to avoid debt. More than 43 states have mandated some form of financial readiness courses at the high school level, and efforts are being made to increase that number. However, studies suggest it’s not money skills that prepare… Read More »

Is it Possible to Discharge Student Loan Debt in Bankruptcy?

If you feel mired down in student loan debt, you are in good company. According to the Institute for College Access & Success, in 2012 the average debt for graduating seniors from private, non-profit colleges was $32,300. Those graduating from for-profit colleges had, on average, $34,950 in student loan debt, which is up 26% from… Read More »

Helping Your Adult Child with Debt – Without Compromising Your Own Finances

Young adults are drowning in debt – and often times, their parents are getting pulled in with them. The average 25- to 29-year-old carries more than $35,000 in debt, according to PNC Financial Services. And while the student debt crisis has been highly publicized as of late, it’s not the only source of overwhelming debt…. Read More »

Americans Taking on Significantly More Debt, Much Of It Student Loans

Americans are back on the credit card wagon in a big way – and that’s both good and bad news, according to a recent CNN Money article. The Federal Reserve Bank of New York’s just-released Household Debt and Credit Report shows U.S. consumers took on $241 billion in new debt this past quarter, the biggest… Read More »