Mitchell D. Weiss Gravatar

Mitchell D. Weiss

Contributor |  In Students, Managing Debt

Mitchell D. Weiss is an experienced financial services industry executive and entrepreneur. He is an Executive in Residence at the University of Hartford, a member of its business school’s board and co-founder of the university’s Center for Personal Financial Responsibility. His books include Life Happens: A Practical Course on Personal Finance from College to Career
and Business Happens: A Practical Guide to Entrepreneurial Finance for Small Businesses and Professional Practices—both of which are now undergraduate courses that Mitch teaches at the university and elsewhere.

How Not to Blow a Financial Windfall

Managing Debt

How Not to Blow a Financial Windfall

How Not to Blow a Financial Windfall

The Wall Street Journal recently published a story about two people who were awarded substantial financial settlements for injuries and hardships, only to lose it all not long afterward. In each case, the person had sacrificed a good portion of his structured settlement — recompense that’s typically designed to be paid over time — to… Read More

5 Things We Can Do Now to Solve the Student Loan Problem

Students

5 Things We Can Do Now to Solve the Student Loan Problem

5 Things We Can Do Now to Solve the Student Loan Problem

The U.S. Department of Education recently unveiled a new and improved methodology for calculating student-loan payment delinquencies. Where it once figured the late-payment rate of student loans as a whole to be 17%, the department has now determined that when the same data is expressed in terms of individual borrowers, it’s as high as 38%…. Read More

Does a Lower Loan Payment Come at a Big Cost?

Personal Finance

Does a Lower Loan Payment Come at a Big Cost?

Does a Lower Loan Payment Come at a Big Cost?

Are we looking at yet another consumer bubble? The stock market is up, inflation is down, and although wages have not yet returned to their pre-crash levels, household incomes are beginning to gain ground. So when the Federal Reserve Bank of New York recently reported a $117 billion increase in aggregate household indebtedness, some viewed… Read More

Why Student Borrowers Deserve the Same Tax Break As Homeowners

Students

Why Student Borrowers Deserve the Same Tax Break As Homeowners

Why Student Borrowers Deserve the Same Tax Break As Homeowners

At a time when bipartisanship seems quaint, Senators Dean Heller (R-Nev.) and Debbie Stabenow (D-Mich.) appear to have set aside their ideological differences long enough to collaborate on legislation that would extend the Mortgage Forgiveness Debt Relief Act. Soon after the housing market collapsed, lenders reluctantly began modifying mortgages by abating interest and forgiving loan… Read More

The Government Fires a Few Debt Collectors, But Completely Misses the Point

Students

The Government Fires a Few Debt Collectors, But Completely Misses the Point

The Government Fires a Few Debt Collectors, But Completely Misses the Point

Some surprising news on the student-loan front: The U.S. Education Department announced that it would terminate the contracts of five of its 22 debt-collection company subcontractors. Per the department’s press release, the soon-to-be ex-collectors made “materially inaccurate representations to borrowers about the [government’s] loan rehabilitation program” and also what borrowers could expect to be reflected… Read More

The College Cost Blame Game Has a New Twist

Students

The College Cost Blame Game Has a New Twist

The College Cost Blame Game Has a New Twist

A new narrative is beginning to take shape on the higher education front. At a recent meeting of the U.S. Senate’s Committee on Health, Education, Labor and Pensions, its chairman, Sen. Lamar Alexander (R-Tenn.), and the chancellors of the University System of Maryland and Vanderbilt University talked about the financial toll that regulatory compliance is… Read More

How to Buy a House at the Right Price

Mortgages

How to Buy a House at the Right Price

How to Buy a House at the Right Price

The housing market is making a comeback in many parts of the country. According to the U.S. Department of Commerce, sales of new houses increased by nearly 12% overall during 2014—the most since 2008—as interest rates remain at historic lows. RealtyTrac, a company that analyzes national housing data, also notes that 2015 marks the first… Read More

Show Me More by Mitchell D. Weiss

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 50+ experts, delivered weekly to your inbox.