$60M in Student Loan Refund Checks: Is Yours in the Mail?

Students

$60M in Student Loan Refund Checks: Is Yours in the Mail?

$60M in Student Loan Refund Checks: Is Yours in the Mail?

Nearly 78,000 U.S. military members will receive $60 million in total settlement payouts from Navient Corp., a student loan servicer formerly part of Sallie Mae, for charging active duty service members excessive interest on their private and federal education loans. Navient and the Department of Justice reached the settlement in May 2014, but the DOJ... Read More

Military Familes: Does the Government Owe You a Bunch of Money?

Personal Finance

Military Familes: Does the Government Owe You a Bunch of Money?

Military Familes: Does the Government Owe You a Bunch of Money?

After a veteran dies, he or she technically no longer has a claim to disability benefits. However, there are certain circumstances in which a widow, widower or surviving child may be entitled to accrued benefits — or money — from the Department of Veterans Affairs (VA). If you’re not sure whether you’re eligible, it’s worth... Read More

3 Dangers of Borrowing Against Your Pension

Managing Debt

3 Dangers of Borrowing Against Your Pension

3 Dangers of Borrowing Against Your Pension

For consumers who are entitled to a steady stream of future payments, like a pension or structured settlement after a lawsuit, they may find themselves eligible for a lender offer on an “advance” lump-sum, upfront payment on that money. It’s kind of like taking out a loan on money you’ve already been promised. Since the... Read More

9 Plead Guilty to $20M Scheme to Defraud Soldiers

Identity Theft

9 Plead Guilty to $20M Scheme to Defraud Soldiers

9 Plead Guilty to $20M Scheme to Defraud Soldiers

Eight Alabama residents and one Georgia resident pleaded guilty to participating in a scheme in which they stole thousands of identities to file more than 7,000 false tax returns, according to the U.S. Attorney’s Office of the Middle District of Alabama. Over the course of nearly three years, the group defrauded the government of approximately... Read More

How One Marine Is Getting Out of Debt Before Retirement

Managing Debt

How One Marine Is Getting Out of Debt Before Retirement

How One Marine Is Getting Out of Debt Before Retirement

MSgt Rachel Gause knows a bit about discipline and focus from her military career, but when it came to finance, something was going wrong, and she knew it. She wants to be debt-free when she is eligible to retire (that will be August 2016), so when she realized a few years ago that retirement was on the horizon,... Read More

4 Money Challenges Military Members Face

Managing Debt

4 Money Challenges Military Members Face

4 Money Challenges Military Members Face

For members of the U.S. military — whether they are active-duty enlisted, Guard or Reserve — there is a common theme for many: low pay and high debt. These same soldiers find themselves on military bases surrounded by many offers to finally buy things they’ve always wanted, but could never afford. Some soldiers simply want... Read More

5 Homebuying Hiccups for Veterans to Avoid

Mortgages

5 Homebuying Hiccups for Veterans to Avoid

5 Homebuying Hiccups for Veterans to Avoid

Many homebuyers and agents shy away from the Department of Veterans Affairs (VA) home loan program for fear that the process is too difficult or restrictions are too numerous. But if you’re a veteran in search of a mortgage, you don’t have to let these misconceptions drive you away from them. These government-backed mortgages are... Read More

Single Parents & the Struggle to Pay for College

Students

Single Parents & the Struggle to Pay for College

Single Parents & the Struggle to Pay for College

Paying for college is difficult for many families, but the burden can be even heavier for single parents. The National Center for Education Statistics (NCES) reports that a four-year college costs approximately $22,000 per year. That number seems enormous, especially when you factor in that according to the U.S. Census Bureau, half of single mothers... Read More

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