4 Must-Know Facts About Obama’s New Student Loan Plan [EXCERPT]

Obama_signs_FDA_Food_Safety_Modernization_Act_cropped
Share on FacebookShare on Twitter+1Pin it on PinterestSubmit to redditShare on TumblrShare via email

This week, we lost another bill aimed at reforming student loan policy, as the “Bank on Students Emergency Loan Refinancing Act” introduced by Sen. Elizabeth Warren (D-Mass.) didn’t get enough votes in the Senate to move forward.

The failure of this bill led to a lot of posturing from both sides of the aisle. But that rhetoric has yet to lead to what struggling student loan borrowers need most: actual help right now. Fortunately, relief may be on its way for some borrowers—courtesy of an executive action signed by President Obama.

How Do New Grads Feel About Their Student Loans Right Now?

twitter-bird-blue-on-white
Share on FacebookShare on Twitter+1Pin it on PinterestSubmit to redditShare on TumblrShare via email

This month, many students will graduate from college. Congrats, class of 2014! To celebrate, Mike and Brigit covered many of the financial decisions you may face for your big day. (Shane was right—a party probably would have been a better gift.)

However, the SALT™ Blog remains practical, and as such, we know that as much as graduation is a time to look back, it’s also a time to look forward. And once commencement ends, many new grads will look forward to one big expense: student loans.

Why You Need To Create A Healthy Financial Plan [EXCERPT]

healthy_financial_plan_c
Share on FacebookShare on Twitter+1Pin it on PinterestSubmit to redditShare on TumblrShare via email

Keeping your body healthy is a lot like keeping your wallet healthy. Both require you to create a plan, and without sticking to that, both can prevent you from achieving your goals.

In her latest FREE article on saltmoney.org, international wealth planning expert Elaine King outlines a four-step plan to figure out which of your financial areas may need a “checkup.” Check out this excerpt, and click through the view the complete text (in English and Spanish).

Organize All Your Debt At Once With Help From SALT

Know what you owe thumbnail
Share on FacebookShare on Twitter+1Pin it on PinterestSubmit to redditShare on TumblrShare via email

Sometimes, the hardest part about debt is keeping track of it all. (OK, paying off the actual “debt” is tougher, but we swear the management is a not-too-distant second for many of us.)

Here at SALT™, we like to think we can help you with the former, through articles, videos, and more that educate you on topics like student loan repayment options and why you should love your budget. But now, we know we can help you with the latter—thanks to the newest tool on our site.

Ask 5 Questions Before Borrowing Money For Graduate School [EXCERPT]

6751047205_2df88f2ddc
Share on FacebookShare on Twitter+1Pin it on PinterestSubmit to redditShare on TumblrShare via email

As anyone who has attended grad school knows, it can be expensive. Really expensive.

However, going to grad school is an investment in your future, and taking on debt to do so makes sense for many students. Sometimes, they simply can’t avoid it (I’m looking at you, med students). But other times, borrowing more money just may not make sense for you—at least, right now.

If you’re not sure whether you can afford grad school, you may need to have a tough conversation with yourself about continuing your education.

Education Tax Credits And Deductions: More Fun Than An Office Of Monkeys [MEMES]

tax professional meme
Share on FacebookShare on Twitter+1Pin it on PinterestSubmit to redditShare on TumblrShare via email

With taxes due in a month, we thought you might need a final push to swing into action. Fortunately, we found the perfect “person” in our archives to help you: the office monkey. Yes, we uncaged him to once again talk about education tax credits and deductions. And while his terrible puns have not evolved, he did update this information to reflect tax year 2013. Enjoy!