Student loan debt has been a significant source of discussion across the country and on this blog. This isn't surprising, especially considering that average student debt loads are climbing to new levels. The problem, for many people, is that payments are simply too high relative to monthly income.
For many people, going to the doctor or hospital isn't a pleasant experience. No one wants to deal with medical issues, but oftentimes it's necessary to take action. Concerns about paying for medical visits and treatments only compound this stress. Thankfully, a new set of medical billing rules created by the federal government and medical industry could help ease the pressure created by health care expenses.
Health care has been one of the most popular topics of discussion over the last few years. Everyone knows that the cost of receiving medical care is rising, which is a major problem for many families. In fact, a report from USA Today points out that medical debt is the number one reason why people seek the relief of bankruptcy.
The effects of the most recent economic recession were far reaching. People from every corner of the country and walk of life were impacted by downturns in the financial and real estate markets.
A person can feel a tremendous amount of pressure when he or she knows that bills are beginning to stack up. In this situation, it may not be clear what to do or who can be trusted. As recent action by the Federal Trade Commission shows, some organizations may try to take advantage of people in this situation.
By itself, debt isn't necessarily a bad thing. Many Massachusetts residents probably don't have the cash on hand to purchase something like a house or car, so they take out a loan and follow a budget in order to make monthly payments. These transactions help the economy grow and individuals build assets.
Massachusetts is well-known for having a strong contingent of colleges and universities. In a state where education is highly valued, it's not uncommon for people to earn a four-year degree. While college is certainly a valuable experience and can provide advantages in professional environments, tuition bills often leave grads with several years' worth of student loan debt.