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November 14, 2013

Teachers Don’t Need Lip Service, They Need Cash Money!

Teachers need a whole lot more than a few narrowly targeted and not particularly generous student loan forgiveness programs.  Here in North Carolina, teachers haven’t received a meaningful raise for the last seven years. During the 2013 legislative session, North Carolina lawmakers decided to keep teachers’ pay frozen, eliminate master’s degree supplemental pay, strip teachers of tenure and dramatically underfund instructional supplies and teacher assistants.  Ugh. Student loan forgiveness programs for the benefit of…

November 13, 2013

My Kind of Debt Buyer: The Rolling Jubilee.

I got no love for (most) debt buyers.  Creditors sell billions of dollars of debt to opportunistic “investors” for pennies on the dollar (an average of about 4 cents).  The debt buyers then attempt to collect on the debts, often using aggressive debt collection tactics and without first verifying the accuracy of the debt.  Consumers often dispute the amount of the debt, or that they owe the debt at all, each year disputing more than a million dollars in debt that debt buyers attempted to collect.  But not all debt…

November 1, 2013

How to Get Started Dealing with Student Loans

  Most student loans have a six-month grace period before you have to start making payments.  If you graduated this past spring, that means now is a good time to get a grip on your student loans.   Here’s how: Figure out which loans you have. You’ll find all your federal student loans listed in the National Student Loan Data System.  Check for private student loans by pulling a free copy of your credit report using AnnualCreditReport.com. Decide whether consolidation makes sense for you.   Some student loan…