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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 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.

The Right Way to Find the Right Job

Students

The Right Way to Find the Right Job

The Right Way to Find the Right Job

College graduation season is upon us, and there’s no shortage of advice columnists offering tips to recent college grads on how to land that first, full-time job. Some discuss what today’s employers are looking for—candidates who are resourceful, intuitive, self-starting and sincere (like that’s a surprise)—while others suggest strategies for devising eye-catching resumes. This isn’t one of those... Read More

The Ugly Truth About Federal Direct Student Loans

Students

The Ugly Truth About Federal Direct Student Loans

The Ugly Truth About Federal Direct Student Loans

The Department of Education recently published a series of performance summaries for its Federal Direct, Federal Family Education and Perkins student loan programs. A little more than $1.2 trillion is due from roughly 42 million students, who owe an average $29,000 each. The most comprehensive of these reports pertains to $855 billion in Federal Direct... Read More

It’s Finally Time to Fix Payday Loans

Personal Loans

It’s Finally Time to Fix Payday Loans

It’s Finally Time to Fix Payday Loans

Payday loans have a bad rap. With triple-digit annual percentage rates and exceedingly abbreviated terms (the full value of the loan is typically drafted from a borrower’s bank account immediately following payroll deposit), hapless consumer-debtors often find themselves stuck in an endless cycle of costly renewals that amount to death by a thousand cuts. A... Read More

The Wrong People Are Managing Your Student Loan Debt

Students

The Wrong People Are Managing Your Student Loan Debt

The Wrong People Are Managing Your Student Loan Debt

Senators Patty Murray (D-Wash.), Elizabeth Warren (D-Mass.) and Richard Blumenthal (D-Conn.) received some disturbing news on leap year day 2016. That’s when the U.S. Department of Education’s Office of Inspector General officially informed the senators that it had determined that the Education Department had failed to properly audit certain student-loan serving companies’ compliances with the... Read More

America’s Emerging Second Class: Student Loan Borrowers

Students

America’s Emerging Second Class: Student Loan Borrowers

America’s Emerging Second Class: Student Loan Borrowers

There’s been a lot of talk about citizenship so far during this presidential campaign season: specifically, the rights, responsibilities and privileges that inure to those who are naturally born or otherwise enjoy documented legal status, versus those who have taken up residency unlawfully. What has to this point gone unmentioned, however, is the extent to... Read More

The IRS Won’t Tax Corinthian Students’ Forgiven Loans… But What About Everyone Else?

Students

The IRS Won’t Tax Corinthian Students’ Forgiven Loans… But What About Everyone Else?

The IRS Won’t Tax Corinthian Students’ Forgiven Loans… But What About Everyone Else?

Given the horrible news of late, it’s understandable how some notices end up situated below the fold, buried in the back pages of newspapers and magazines, or relegated to non-mainstream outlets. Such is the case involving a recent Internal Revenue Service pronouncement. It concerns students who borrowed from the federal government to finance the cost... Read More

Unstacking the Deck for Student Loan Borrowers

Students

Unstacking the Deck for Student Loan Borrowers

Unstacking the Deck for Student Loan Borrowers

The proliferation of mandatory arbitration clauses in our everyday borrowing, purchasing and even working lives is once again making news. In their excellent New York Times series, business writers Jessica Silver-Greenberg, Robert Gebeloff and Michael Corkery note that the use of this constitutional-rights-limiting language has become commonplace to the point that we’ve come to accept... Read More

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