Unemployed law school grads facing crippling debt

Apr 02, 2012 Mike Garretson

After students graduate from law school, most expect to be living comfortably while easily paying off the massive loans they took out to finance the advanced degree. Due to the recession, however, that is not always the reality. Many law school


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Debt collectors benefiting from contracts for federal student loan recovery

Apr 02, 2012 Mike Garretson

With soaring debts on federal student loans, the government has been forced to rely on private debt collection services to retrieve some sort of payment. However, complications may arise in terms of the amount collectors are demanding.Nonetheless,


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More debt for those with larger incomes, higher academic degrees

Apr 02, 2012 Mike Garretson

While it is traditionally thought that upper-class households typically do not have to worry much about debt, debt collection agents know that is no longer the case, and that on average, the upper class is in more debt than the lower brackets.The


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Studies find shocking student debt statistics

Apr 02, 2012 Mike Garretson

According to a recent report from Young Invincibles, nearly two in three student loan borrowers were surprised by some of the terms in their student loans, the Huffington Post reports.What's more, the Consumer Financial Protection Bureau


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Lenders reaching young adults on social media

Apr 02, 2012 Mike Garretson

Lenders reaching young adults on social media

Many young adults use credit cards during college as a way to buy books and supplies or keep up with tuition payments, which have the tendency to result in overdue credit card bills. When and if they fall behind, they will likely


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