Tag Archives: debt

Poll: How Much Are You In The Hole From The Holidays?

How Much Are You In The Hole From The Holidays?

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Crippling College Debt: How Do You Manage Your Student Loans?

Education is supposed to enrich our lives and make us more worldly and learned. But for many of us, higher ed just brings on thoughts of debilitating debt and crashing credit scores. According to the Project on Student Debt, the average 2009 graduate owes around $24,000 after graduation. But that’s nothing compared to the astronomical amount of school debt Kelli Space has. Keep reading »

Heidi Montag’s Mom Works As A Maid And 4 Other Celebs’ Broke Parents

Heidi Montag made some big bucks doing “The Hills.” Where else would all that backscooping money come from? But while Heidi was making and spending her $65,000 per episode salary on nips and tucks, her mom Darlene Egelhoff had to sweep and dust to make ends meet. Mama Darlene recently confessed to “Inside Edition” that she has been working as a maid to get by and has received no help from Heidi. The two stopped talking last year after Darlene criticized her daughter’s plastic surgery transformation. Even though Eglehoff has not been associated with Heidi for almost a year, she says clients still recognize her from the now canceled show. Awkward! [Hollywood Life]

Read more to find out which other parents have figured out that celebrity spawn doesn’t equal financial security. Keep reading »

Frisky Rant: Pay Off Your Own Debt!

I graduated from college two years ago with $115,000 in student loans. I’m paying them off a little at a time, and when I need a reason to drink, I like to play with loan payoff calculators online, which tell me that, if my monthly payments stay as they are, I should be done in about 42 years. Sure, sometimes I wish I had picked a less expensive school, but so do a lot of people, right? What’s done is done, and now I have to pay for my degree, just like everyone else … right? Keep reading »

Unemployed Law Student Asks College For A Refund

You’ve worked hard through grad school, but when you’re ready to graduate there are NO jobs in your field. Should you get a refund on your school tuition? It’s a radical thought, but that’s what one student at Boston College is proposing. The anonymous student wrote a letter to the dean of Boston College Law School, where he is a third-year law student, and lamented that despite doing well in school he’s been unable to secure a position. In the letter, the student outlined the difficulties he and his fellow classmates were having finding a job, and added that his failure to land a gig will make it difficult to support his pregnant wife. Keep reading »

Dear Wendy: “I’m Afraid To Date Because I’m $190,000 In Debt”

I’m a 31-year-old, single guy in Chicago. I’m at a point in my life where I’d like to find a great woman and think about settling down and perhaps start a family in the not too distant future. Unfortunately, I have a terrible secret that is making it difficult for me to get close to women: I have $190,000 in student loan debt (no, I am not a doctor). Aside from that scary number, I am financially responsible and have a promising career with a high income trajectory ahead of me. How I arrived at that $190,000 is moot, but what isn’t is the psychological handicap I’ve developed. I am ashamed and embarrassed to be burdened by such student debt, and I can’t help but feel most women would be scared off by it. As a result, I’ve basically stopped dating or even trying to meet that special someone. I can’t bear the prospect of getting close to someone only to scare her off because of my debt. I feel like a leper. But, am I over-reacting? If so, what advice would you give about broaching the topic with a potential girlfriend (timing, method, etc)? — Debt Leper

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