Archive for the ‘Financial Industry Updates’ Category

More Banks are Leaving the Student Loan Industry

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Students, particularly ones that belong to low-income households, rely heavily on student loans to support their education. These student loans come from banks and coursed through the government’s subsidized private loan program.

DailyNebraskan.com reports that more and more banks are leaving the student loan industry due to a gloomy business climate and as an after effect of the home mortgage crisis.

This will surely affect the welfare of student borrowers, especially those who depend largely on student loans to finance their studies. I hope the government does something about this challenge confronting the student loan industry.

For the link to the article, click here.

Why Social Security is Important?

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If you’re like most people, you plan to work hard all your life and you want a comfortable retirement. While no one should rely on Social Security as their sole source of retirement income, it can be a nice addition to their other retirement income. Social Security can provide support for you and your family if you become disabled. Social Security can also provide support for your family when you die.

The Benefits

Have you ever thought about whether or not you might be eligible for the Social Security benefits of someone else’s record? Some examples that may be considered are your current spouse, or a divorced or deceased former spouse. The Social Security Administration always pays on your own record first, if you qualify, but if you also qualify on someone else’s higher benefit, you will get a combination of great benefits that will be received and also the higher amount you will get.