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Colleges are the Next Big Bubble to Burst

college

I am going to keep this post short since it is nothing more than a “crazy” theory of mine.  The Wall Street Journal just published an article titled, “Student Loans: Default Rates Are Soaring” written by Anne Marie Chaker.

Ms. Chaker highlights the stats:

According to new numbers from the U.S. Department of Education,

Continue reading Colleges are the Next Big Bubble to Burst

Education Loan Interest is Not Always Tax Deductible

Diplomas

It seems to be a common statement among parents, planners, financial aid people, some bloggers, etc. that

Don’t worry about education loans, they are tax deductible…

Like most tax advice given…it is a half truth.

Student Loans Are not Always Tax Deductibe

Yes, your interest is tax deductible if you don’t pass certain threshold

Continue reading Education Loan Interest is Not Always Tax Deductible

Advantages of Using a Prepaid Credit Card

There are many benefits to using a prepaid credit card.  A prepaid credit, also known as a secured credit card  is defined by bank rate as a credit card that, “…requires a cash collateral deposit that becomes the credit line for that account.”

Continue reading Why Use a Prepaid Credit Card?