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Will 2019 finally be the year you
get out of debt and break free financially?
  • Home
  • Convert Debt Into Wealth
    • The Beginner’s Course
    • 16% Guaranteed Return
    • Pay Off Your House ASAP (It’s So Simple!)
    • What is Your Real Mortgage Interest Rate?
  • A Killer “GOOD” Plan
    • Step 1 – Cash (Flow) Really is King!
    • Step 2 – A “GOOD” Plan to Create Wealth
    • Step 3 – Reduce Your Tax Liability
    • Step 4 – Grow Your Money Safely & Soundly
    • Success Story: Meet Mark & Joyce
  • Student Loan Help
    • Success Stories
  • Business Solutions
    • Success Story: Meet Joe
  • Your Financial Health
    • Power of Compound Interest
    • Beware of Debt Consolidators!
    • Debt Snowball
    • Hidden Investment Fees
    • Pay Extra on Your Mortgage?
    • Rule of 72
    • Security First!
  • Resources
    • Explore Our Blog
    • My Freedom Date
    • Financial Worksheet
    • Personal Cash Flow Statement
  • About
    • Let’s Talk
    • Stay Connected!
    • Have a Question?
    • Refer a Friend

The Student Debt Crisis: Could It Slow the U.S. Economy?

Jan 11, 2019

That rising student debt is one of the creeping threats of our time is hard to refute. (Per Wharton School at the University of Pennsylvania) About 44 million graduates hold student debt, and today’s graduates leave school holding promissory notes worth an average of $37,000, raising concerns that the burden is creating a cascade of pressures compelling many to put off traditional life milestones. The storyline, as it has emerged,...

The Student Loan Debt Crisis is About to Get Worse: The next generation of graduates will include more borrowers who may never be able to repay.

Nov 20, 2018

From Bloomberg:  Student loans have seen almost 157 percent in cumulative growth over the last 11 years. By comparison, auto loan debt has grown 52 percent while mortgage and credit-card debt actually fell by about 1 percent, according to a Bloomberg Global Data analysis of federal and private loans. All told, there’s a whopping $1.5 trillion in student loans out there (through the second quarter of 2018), marking the second-largest consumer debt segment in...

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