Key lessons for the U.S. from analyses of student loan systems all around the world

 August 30, 2023August 30, 2023

We write as engaged researchers in the area of student loans with a plethora of hands-on policy experience, having been involved in detailed analyses and modelling of university financing systems since 1989 in a number of countries. These include, inter alia, Australia, the U.K., Colombia, Chile, Japan, Brazil, the U.S., Malaysia, China, Ireland, Germany, South Korea, […]

16 Types of Loans to Help You Make Necessary Purchases

 August 28, 2023August 28, 2023

It’s always a good idea to save up money before making a large purchase. But in reality, that’s not always possible. That’s especially true for expenses like a college education, a car or a home, or even unexpected emergencies, like medical bills. When you can’t save money in advance, you can take out a loan. […]

Pros and Cons of Unsecured Business Loans

 August 25, 2023August 25, 2023

Of the different categories of loans that can be drawn by companies, an unsecured loan can often prove to be the best option, thanks to the flexibility and quick turnaround time it offers. In this article, we will look at the pros and cons of unsecured loans. Pros of Unsecured Loans: 1) No collateral required. […]

Here’s what the Federal Reserve’s 25 basis point interest rate hike means for your money

 August 6, 2023

KEY POINTSThe Federal Reserve raised interest rates by another quarter of a point at the end of its two-day policy meeting.Everything from credit cards and car loans to student loans and mortgages will be affected by the central bank’s 11th rate increase.Here’s a breakdown of what this means for your bottom line.The Fed and your […]

Here’s how much cash you may have in your home, thanks to new record high prices

 August 6, 2023

KEY POINTSHome prices are on a tear again across much of the nation, giving back to homeowners the equity they lost last year.Home prices in June hit record highs in 60% of U.S. markets, according to a new report from Black Knight, set to be released Monday.Home equity levels are now back to within 3% […]

This Was the Average Personal Loan Balance in 2022

 August 5, 2023August 5, 2023

KEY POINTS The average personal loan balance last year was $18,255.Total U.S. personal loan debt rose 19.1% between 2021 and 2022.It’s best to only borrow when you need to, and not to pay for non-essential expenses.Check out our picks for best personal loans When you have a need to borrow money, you may be inclined […]

Here’s What Happens When You Get Approved for a Personal Loan

 August 5, 2023August 5, 2023

KEY POINTS After personal loan approval, you must sign the loan documents.You’ll need to specify where the money you’re borrowing should go.You’ll have to begin making payments on schedule.Check out our picks for best personal loans Applying for a personal loan allows you to obtain funds you can use for a wide variety of purposes. […]