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Blog Posts in December, 2015

  • Student Loan Debt Crisis Harming Senior Citizens

    | 22-Dec-2015

    An article published last week by Bloomberg Businessweek tells the story of Robert Murphy, a 65-year-old man who holds nearly $250,000 in student loan debt. The balance was amassed from seven different Parent PLUS loans, which he used to send his three children to college. After losing his job in 2002, Murphy was no longer able to make payments on these debts, and even faced foreclosure ...
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  • Should I File for Bankruptcy After Christmas?

    | 18-Dec-2015

    Bankruptcy is often the last thing anyone wants to think about around the holidays, especially with so many things going on during this time of year. Many people think that putting it off until after the first of the year is the best option. However, some of the reasons why people tend to wait until after Christmas to file actually won’t help them at all. For example, many people mistakenly ...
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  • Why Millennials Are Saving Less for Retirement

    | 11-Dec-2015

    According to a recent study, young career-goers who enter the workforce without student debt are better set for retirement than their indebted counterparts. Specifically, millennials with $30,000 in student loan debt are more likely to enter retirement with significantly less savings than other graduates their age. In fact, students who graduate with debt could end up retiring with as much as ...
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