About The Money For February 24, 2009
Originally Aired: Feb 24, 2009
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Wealth Manager Kathleen Miller provides insightful tips about how to prevent money issues from ruining your relationships.
Bulls and Bears: The Stock Market
Wealth Manager Kathleen Miller provides insightful tips about how to prevent money issues from ruining your relationships.
Borrower Beware
Financial Advisor Cindy Runger Balas discusses managing student debt and college expenses.
Family Finances: College Expenses
The loan you take out to pay for your education and finance your future opportunities could have hidden strings attached, leading to financial ruin down the road. Con artists are taking advantage of naïve youth and families through student loan scams. We give you the facts and resources to make sure your loan is safe.
Love and Money: Remarriage and Prenuptial Agreements
Portfolio Manager Bill Smead puts the stock market in perspective for Northwest investors.
Comments
Posted by Guest (not verified) on Fri, 08/28/2009 - 6:57am
if i take a loan of $120.00 the lender is requesting to pay the amount back within a week of $140.00 or after that week he will charge $160.00. I live in Ponce, Puerto Rico. I would like to know is this right. Thank you.
Posted by Jeff (not verified) on Sun, 08/09/2009 - 7:38am
I don't have any student loan debt myself and thank the lord for that but I understand the issue. Ever since Kindergarten we were told we have to go to college and if we don't go to college we would likely be relegated to employment as a burger flipper or a Wal-Mart greeter. So millions of these kids do exactly as they were instructed and play by the rules. Upon graduation they realize that even if they get a job that they will receive negative returns (monetarily speaking) on their investment in college. The correlation between intelligence and income is dissolving in America as many educated people cannot command a higher wage for fear of losing the job to a lower educated candidate who is willing to accept lower pay. The problem is the educated individual needs a higher wage not to live a higher standard of living but to repay their student loan obligations. It is easy to see how for some, a pricey college education can be a disadvantage.
Posted by Thrush (not verified) on Mon, 05/18/2009 - 10:48pm
It is the responsibility of high school guidance counselors to tell students that going to college is not a good idea for everybody. They should be putting out every effort to tell students about the dangers of student loan debt and how you can't default on it--and how there are plenty of fake colleges out there like culinary schools and video game schools. They should tell illegals that going to college is pointless for them because nobody will ever hire them. However counselors don't care about what bad advice they hand out--they have jobs they can't be fired from. They don't care if they are just shills for Sallie Mae. Oprah should stop telling everybody to go to college and should start addressing the issue of student loan debt and how it is destroying a whole generation.
Posted by Michelle Leddon (not verified) on Mon, 05/04/2009 - 7:24am
Thank you for doing this story. America's dirty little secret. I personally know several if not hundreds of people who are drowning... and have never been able to get out from under this. Please do more stories like this. I myself have student loans and know the burden that they cause. My professional life was crippled even before I got started.
Posted by Merripan (not verified) on Tue, 02/24/2009 - 4:13pm
Great piece on StudentLoanJustice.org. Everything that he said is true, and I have experienced it first-hand. It is especially sad to see so many of us being forced into constant debt and forever be in servitude to Sallie Mae (and other companies like them), while their CEO's and executives get rich, fat and sassy with their ever-increasing raises and bonuses based on the number of loans they force into default. It is even worse that those within these same companies claim that we, the students, are refusing to pay for our loans and instead are purchasing new houses, new cars, and other non-essential things. Honestly, there's no way we could ever qualify for such things, what with our credit being ruined by them.
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