Halloween is almost here, but for some, an even scarier occasion lurks right around the corner: their student loans entering repayment. This weekend marks the beginning of November, which could mark the end of the grace period for many members of the class of 2014.
Nothing is scarier than your loan payments beginning without you knowing it. (OK, maybe that clown from the new American Horror Story is scarier—I couldn’t even Google it to link to the right image! So, it goes “clowns,” then “student loans.) Fortunately, you have a weapon at your disposal to fight back these horrors.
Diane Melville is one of the most popular contributors to this blog—that’s what happens when you peddle free money for school. So, of course, one of the most popular questions she receives is, “Where can I find that free money for me.”
Now that school is back in session, it’s time for our first pop quiz.
The topic? What exactly did you borrow to pay for this semester?
A little more than a year ago, the U.S. Supreme Court found the Defense of Marriage Act (which defined marriage as a union between one man and one woman) to be unconstitutional. What does this have to do with paying for college?
A lot, actually.
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.
Memorial Day may be over, but that doesn’t mean we should stop thanking members of the Armed Forces and veterans for their service.
In fact, SALT™ has a way to share our gratitude today, and we hope servicemembers benefit from it for much longer than 24 hours. It’s our newest eBook: The Military Smartbook For Defeating Student Debt.
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.
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).
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.
Who said the only way to learn about money was to read articles on top of articles? Financial education is all around us—provided you look closely enough. Increase your awareness with the SALT™ Blog video of the week, picked fresh from YouTube.