The Pitfalls of No-Interest Financing
January 28, 2013
We take a behind-the-scenes look at how short-term finance products -- like payday loans and private student loans -- are structured to help you decide for yourself.
Consumers who've found themselves with bad credit because of unemployment may find it tougher to get a job because of their credit. A boss weighs in with advice on how to get the job.
People wonder how to maximize financial aid or how to borrow more cost-effectively, when instead they should be trying to cut their overall college costs.
As it turns out, Congress was able to get enough of its act together to resolve the subsidized student loan rate impasse---at least until next summer---but with a catch.
The Consumer Financial Protection Bureau issued its report on private student loans, but here are some things they overlooked.
Will the feds lose $6 billion every year that the subsidized student loan program's reduced rate is in effect, or will they just be making a little less profit?
The student loan debt problem requires a great deal more than the plodding, incremental approach being taken by the Federal Student Aid office and congress.