Category: Other Debt

February 7, 2019 No comments exist

By Joseph Reinke, CFA, CEO of FitBUX Young adults are being advised that higher education is a must for their futures. Statistics show proves this advice is indisputable. However, there is good debt vs bad debt.  What young adults should be told is, ” Just because the government is willing to write someone a blank…

May 31, 2018 No comments exist

By Edmund Lau, CFA We’ve come across certain companies with questionable business practices and wanted to share our thoughts to make sure our readers don’t fall victim to these companies and their practices. Background Student loan relief companies typically target borrowers who seek income-driven repayment (“IDR”) plans and provide services that they believe borrowers’ “need”…

May 24, 2018 No comments exist

By Joseph Reinke, CFA, Founder of FitBUX On May 23, 2018, The U.S. Department of Education (ED) announced additional conditions under which you may become eligible for loan forgiveness if some or all of the payments you made on your William D. Ford Federal Direct Loan Program were under a nonqualifying repayment plan for Public Service Loan…

May 3, 2018 No comments exist

By Edmund Lau, CFA Many of the individuals who have received help from FitBUX with their student loan repayment plan have been shocked to find out they qualify to have their Perkins Student Loans forgiven. That is right! If you work in certain fields you never have to make a payment on them. This article…

April 30, 2018 No comments exist

By Joseph Reinke, CFA, Founder of FitBUX Over the past few months, we’ve seen more and more graduates looking to refinance their student loans, apply for a home loan, or try to purchase a car only to find out they have been a victim of identity theft. Students are the perfect target because they often…

April 20, 2018 No comments exist

Joseph Reinke, CFA, CEO of FitBUX We came across an article titled “The net worth of college graduates with student debt is truly depressing” and started scratching our  heads. Read on to see why… 1- “Americans age 25 to 34 with college degrees and student debt have a median net wealth of negative $1,900 according to…

March 26, 2018 No comments exist

Joseph Reinke, CFA, CEO of FitBUX Last week, President Trump signed a $3.1 trillion spending bill. The bill included a one-time $350 million expansion for student loan borrowers seeking public service loan forgiveness (PSLF). (For more details about PSLF in general, we wrote detailed articles here.) Not much is known about the process yet, but…

January 27, 2018 No comments exist

Joseph Reinke, CFA, CEO of FitBUX We all most likely would agree, current student loan repayment options are complex and to add to it there are way too many options.  The good news is that congress thinks so too so they are trying to simplify things with the proposal of the PROSPER Act.  The bad…