Student Loans

The Tale of Compounding Interest & Government Profits (Part II) — How many of these students understand what compound interest is? According to many politicians, they all should understand what it means. Very few do, especially when they come out of high school or the military. They apply for a loan, get approved for the loan, and are told they don’t…

The Tale of Compounding Interest & Government Profits (Part I) — A generation ago Congress created a profit center for Wall Street and the Federal Government, a student loan program designed to give more Americans access to higher education. The federal agency created was Sallie Mae. It took Congress just a few years to create the worst possible loan program for…

On December 23, 2020, I received a book published on December 21, 2020. That is pretty amazing. I have never received a book that close to publication before; I did not know it was even possible. The book, “Playing Doctor,” by John Lawrence, M.D., is the first of a planned…

A list of all of my posts pertaining to finance… Updated Regularly (last updated on 3/18)

Have you ever felt depressed or anxious due to your financial circumstances? If you answered “yes”, you are not alone. In fact, a recent MetLife study found that 40 percent of U.S. employees say that having debt or getting into debt is a top driver of their poor mental health…

Back in the supposedly golden American 1950s, social critics used to fret a lot about “conformity,” especially the suburban variety. White “ethnics” such as Italians, Poles, and where permitted, Jews, were moving out where “there’s a place for us,” as the song from West Side Story (1957) had it, and…