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.

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

Should Colleges Have an Easier Time Declaring Bankruptcy?

Students

Should Colleges Have an Easier Time Declaring Bankruptcy?

Should Colleges Have an Easier Time Declaring Bankruptcy?

A provocative op-ed appeared in The Hill the other day. In it, the author—a former counsel to the U.S. Department of Education—proposes lowering the barriers to bankruptcy for colleges and universities. Given that more than half of all higher-education institutions in the U.S. are experiencing varying degrees of financial distress, the notion of insolvency is… Read More

Does Obama’s Free Tuition Plan Earn a Passing Grade?

Students

Does Obama’s Free Tuition Plan Earn a Passing Grade?

Does Obama’s Free Tuition Plan Earn a Passing Grade?

The way we value higher education and go about financing its cost is all messed up. According to the National Center for Education Statistics, the average annual tuition at two- and four- year public institutions is roughly $9,000 and $17,000 respectively, and $24,000 and $34,000 at private colleges (not-for-profit and for-profit). No wonder total student… 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.