by Ross Hornish | Oct 17, 2019 | Student Loans
Today, those that graduate college with student loans owe, on average, close to $30,000 and, over the coming years, they’ll likely repay more than that amount because of the rising rates of interest (the interest rate of the 2019-20 undergraduate class was 4.53%)....
by Ross Hornish | Jul 24, 2019 | Student Loans
Today, approximately 70% of college graduates leave institutions of higher learning with significant amounts of student loan debts; over 44 million Americans collectively owe almost $1.5 trillion – that averages out to 1 in 4 American adults with student loan debts,...
by Ross Hornish | Nov 4, 2018 | Student Loans
Today is Daylight Savings Time and despite your feelings on the matter, most of us turn our clocks back one hour. The concept of turning back time has always fascinated people in modern times. It was popularized by H. G. Wells in 1895 with his novel The Time Machine...
by Ross Hornish | Apr 15, 2018 | Finance
Your house. A business you started. That car that you love. Your wedding ring. Medical bills associated with a catastrophic event. These are all things that you can file for bankruptcy. However, if you’ve ever asked yourself “Can I file for bankruptcy on...
by Ross Hornish | Apr 7, 2018 | Finance
The student debt problem on its own is a huge problem that affects millions of graduates and continues to grow exponentially every year. Behind the student loan epidemic is the behavioral effect on young adults as a result of their significant debt position....
by Ross Hornish | Mar 27, 2018 | Student Loans
Ever wonder how student loans actually work? Most of us have them, but there’s more than meets the eye. Secondary education has become increasingly important for young professionals and increasingly expensive over the last couple of decades. As a result, it has...
by Ross Hornish | Feb 27, 2018 | Finance
If you have paid attention to politics at all in the last couple decades you are probably aware of politicians squabbling over the debt ceiling a few times a year. The debt ceiling was imposed by congress, in theory, to prevent excessive spending and ensure the US...
by Dan Mendelson | Jun 28, 2017 | Uncategorized
Memphis becomes the first municipality to offer financial assistance to their employees paying down student loans. As a result, the Memphis government recognized that they can help to reduce the social costs of this debt and that student loan debt is reaching epic...
by Ross Hornish | Jun 4, 2017 | Uncategorized
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by Ross Hornish | Jun 4, 2017 | Uncategorized
Student loan debt has become an epidemic that plagues 70% of graduates, with an average burden of $40,000 per student. In the US alone, student debt has ballooned to $1.4 trillion dollars and has doubled since 2008, eclipsing the total outstanding debt of credit cards...
