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Income-Driven Student Loan Repayment Plans Can Cost More 07/14/2015 08:00pm • Last week, U.S. Secretary of Education Arne Duncan announced that plans are moving forward to expand access to an income-driven repayment plan that caps federal student loan borrowers' payments at 10 percent of their discretionary income. He was talking about the newest proposed income-driven repay How Doctors Make Money from Drug Companies 07/14/2015 08:00pm • Compared to most people, physicians make a lot of money. The average primary care physician made $195,000 in 2014, and the average specialist made $284,000, according to a salary survey by Medscape. But many doctors say that when you take into account the extensive education and training it takes 10 Ways Incoming Freshmen Can Financially Prepare for College During Summer 07/14/2015 09:00am • Use Summer to Search for, Secure More College Funding Even after the madness of applying to college, earning an acceptance letter and selecting a school, incoming freshmen still have some college preparation to do. Summer is the time to start gearing up financially for school, including assessing Fixed or Variable: Which Interest Rate Should You Choose? 07/13/2015 08:00pm • One of the first lessons in financial planning 101 is to embrace the mantra: "it depends." Answers are rarely black and white when it comes to finances, which is one reason people stumble when debating whether or not to use a variable or fixed interest rate on student loan refinancing. Instead of of Count on Showing Financial Ability to U.S. Colleges 07/13/2015 08:00pm • Studying in the U.S. isn't easy for international students. There are standardized tests to prepare for, essays to write and deadlines to meet. And then there's yet another hurdle, even for academic superstars: proving they can pay for their education. Even if a student has the best grades in the Portfolio Analysis: a Hyper-Aggressive $1.29 Million Portfolio With Holes 07/13/2015 08:00pm • It's commonly and incorrectly presumed that people with large investment portfolios are smart investors. But as counterintuitive as it may sound, this false presumption is simply not true. How do I know? Because I've analyzed and graded many multimillion dollar investment portfolios ($27 million i As student tuition and debt escalates, so do college presidents' salaries and perks 07/12/2015 08:23am • WASHINGTON -- Student debt continues to rise across America, but it's not stopping university presidents from taking home big sums of cash and posh perks. In Maryland and Virginia, the top wage-earner among public university presidents is the leader of the University of Maryland Baltimore, Dr. Ja Former Va. Gov. McDonnell's conviction upheld on appeal 07/10/2015 09:52am • WASHINGTON -- The corruption conviction of former Virginia Gov. Bob McDonnell has been affirmed by a federal appeals court panel. McDonnell and his wife, Maureen, were convicted last September of taking more than $165,000 in gifts and loans from Star Scientific CEO Jonnie Williams in exchange for Peer-to-peer lending: Is it a perfect match for borrowers and lenders? 07/09/2015 04:16pm • WASHINGTON — Not that many years ago, if you wanted to take out a personal or business loan, you would go to your bank, credit union, or ask your wealthy uncle. But the financial crisis that began in 2008 made getting loans from traditional lenders nearly impossible for all but the most creditwor 12 Steps to a Stronger 401(k) 07/07/2015 08:00pm • Set yourself up for 401(k) success.If you don't have the time or the financial knowledge, properly managing your 401(k) can be a daunting task. And if you do not manage it properly, your 401(k) can become, at best, a savings account and, at worst, a high-risk gamble with your retirement money. While What the New Gainful Employment Rule Means for College Students 07/07/2015 08:00pm • A new gainful employment rule has just gone into effect, and it could have a substantial impact on college students in a few years. The gainful employment regulation requires vocational programs at for-profit higher education institutions and nondegree programs at community colleges to meet minim 12 Habits to Help You Take Control of Your Credit 07/07/2015 08:00pm • Building better habitsWhether you've skipped credit cards altogether, as about 1 in every 3 young adults opts to do, or you're ready to rebuild your credit history after years of late (or non) payments, now is a great time to get started. Consider these creditworthy habits that will help you get on Study: Gen Xers getting used to high debt loads 07/07/2015 08:24am • WASHINGTON — People between the ages of 35 and 48, commonly known as Generation X, are not only getting deeper in debt than the baby-boom generation that came before them; they’re getting used to the burden, a new study shows, and experts say that that’s bad news for their long-term finances. 10 Signs You Might Be a Victim of Identity Theft 07/06/2015 08:00pm • Identity theft is the fastest growing crime in the country, according to the credit bureau TransUnion, with almost 10 million incidents a year. In fact, the bureau calculates that every minute, 19 people become victims, and the average cost to the victim is $500 and 30 hours. Those are some scary 3 Financial ETFs Set to Benefit From a Better Economy 07/06/2015 08:00pm • An improving U.S. economic outlook and expectations for higher interest rates mean the prospects are bright for stocks in the financial sector. Some investors have been wary about financial service stocks in the wake of the 2008 global financial crisis and the subsequent regulation that hit this se