Healthy Financial Habits

UPDATE: JULY 27 – The federal government released a new plan on July 1, 2009 aimed to make payments affordable for college graduates. For details visit:  Federal Student Loans – Income-Based Repayment

According to the 2009 Census, nearly fifty percent of Americans have either attended college without obtaining a degree, or have obtained a bachelor’s degree or a graduate degree. Of this group, sixty-six percent finance their educations through student loans. This means that one-third (.50 X .66) of people in America have paid or are paying student loans. Student loans debt can adversely affect your financial health if not handled properly.

These staggering numbers have influenced me to write a periodic section on  Healthy Financial Habits that addresses issues with obtaining student loans, loan consolidation and eliminating student loans debt.

If you are currently paying student loans or are considering taking on student loans debt this section will be of great value to you. Please check back frequently for updated news and articles.