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Trump Administration cuts aid to students defrauded by for-profit colleges

Trump’s Education Secretary Betsy DeVos is changing regulations on student protections with regard to for-profit schools. Now students defrauded by for-profit collegeswill receive only partial loan forgiveness according to The Associated Press. Trump is rescinding the Obama administration’s practice of forgiving the debts of students deceived by the now-defunct Corinthian Colleges.  “Critics accuse the department…

Debt Collection Lawsuits

Are you facing a debt collection lawsuit?  “In the last five years, there have been over 330,000 debt collection If you don’t respond to a lawsuit within 21 days, the judge will accept everything in the complaint as true.” lawsuits filed in Utah. Over 98% of those sued don’t hire an attorney. And most don’t…

Who will care for aging Americans if the flow of immigrants is curtailed?

Immigrants play a big and growing part of providing care for America’s elderly parents and grandparents   Gerald F. Seib explains the critical role of immigrants in caring for America’s elderly in The Wall Street Journal (Jan. 28, 2018): How a Heated Immigration Debate Might Affect Grandma’s Care  “America is getting older. Some 10,000 baby…

Long Term Care Insurance: Pros and Cons

“Stiff annual premium increases are making long-term-care insurance unaffordable for some retirees, and the high cost can be traced to few insurers remaining in the market, writes Darla Mercado. Yet, with annual nursing home costs approaching $100,000, such policies may be worth holding on to if possible, she writes.” “Near-retirees wanting to shield themselves from…

Financial Benefits of Delaying Retirement

Alessandra Malito explains in MarketWatch:“Delaying retirement for just three to six months does to the standard of living after retiring what an entire percentage point of 30 years of earnings would do, according to researchers at Stanford University, George Mason University, Cornerstone Research and Financial Engines. “Working longer is relatively powerful compared with saving more…

Home buying for persons with disabilities

A new guide was created by the financial experts at The Simple Dollar addressing the challenges of buying a new home as a person with a disability that’s published in conformance with the Web Content Accessibility Guidelines to accommodate the special needs of persons with disabilities. The Fully Accessible Guide to Home Loans for People…

Where would the stock market be if Hillary had won?

Trump likes to take credit for the stock market gains during his first year in office but analysts disagree. As James Mackintosh explains in The Wall Street Journal, January 18, 2018“Many of the market-moving changes since the U.S. presidential election would have been just the same. Most important among them: The global economic rebound started before…

Living ‘With the End in Mind’

“Death is the last thing most people want to think about, yet nothing could be more important—especially with advancing age or after a bleak diagnosis—than preparing for the end and understanding how it can happen. These days, such thinking is likely to include learning about palliative care, a specialty that began with the hospice movement…