In 2015, the average student loan debt for a college graduate eclipsed $35,000, according to the Consumer Financial Protection Bureau (CFPB). That’s a lot of money, and students often underestimate their ability to repay it. The standard repayment plan for
As U.S. college debt crisis tops $1 trillion, The Salvation Army devises new ways to help keep students afloat. The junior stays quiet while his classmates talk about their mounting student debt. Jerry Bazilme, 21, studies physical education at the University of
By Vivian Lopez - Poor fiscal climate leads to fewer grants designated for social causes. The Salvation Army in Puerto Rico is experiencing firsthand the consequences of the commonwealth’s $70 billion in debt. A study released in January titled “Reconstructing a Destructured Economy,”
Ray Louth regularly visits eight adult rehabilitation centers (ARC) across Southern California, teaching the biblical principles of personal finance to participants of The Salvation Army’s cost-free, biblically based six-month program to overcome addiction. Here he shares more about these principles.
Relationships and work are two of the biggest stressors among Americans, yet neither, according to the American Psychological Association, evoke more unease and anxiety than money. “People say that money can't buy you happiness, but having a ton of debt can