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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.

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

A Path to Building a Better Payday Loan

Managing Debt

A Path to Building a Better Payday Loan

A Path to Building a Better Payday Loan

What do payday, account-advance, bill-pay and auto-title loans have in common? Three things, it seems: They’re underwritten to value collateral over cash flow; they’re designed to encourage repetitive borrowing; and their cost is so high, it’s as if the lenders want their borrowers — a demographic that includes recent college grads, working class and working… Read More

We Need a New Way to Evaluate Student Lenders

Students

We Need a New Way to Evaluate Student Lenders

We Need a New Way to Evaluate Student Lenders

Are private education lenders getting a bad rap? After reading the Wall Street Journal’s recent profile on Rohit Chopra, the Consumer Financial Protection Bureau’s student-loan ombudsman, one gets the distinct impression that this might be the case. Apparently, this subset of the financial services industry takes exception to being called out by him for dragging… Read More

5 Steps for Negotiating Private Student Loan Relief

Students

5 Steps for Negotiating Private Student Loan Relief

5 Steps for Negotiating Private Student Loan Relief

Is it true that all good things come to those who wait? For some struggling student-loan borrowers, that may finally be the case as some private student lenders recently announced plans to take more substantive measures to help. The decision to modify a delinquent loan is a tough pill for lenders to swallow for a… Read More

How to Make the Most of Your Bad Credit

Personal Loans

How to Make the Most of Your Bad Credit

How to Make the Most of Your Bad Credit

It’s getting so a bank can’t make a decent buck these days. The New York district attorney’s office recently subpoenaed Capital One Financial Corp. for its subprime auto lending practices. The bank joins Santander Consumer USA Holdings and Ally Financial (formerly General Motors Acceptance Corp.), institutions that are likewise under investigation by other law enforcement… Read More

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