Tag: loans

Some kinds of debt, such as home mortgages and education loans, are linked to better child well-being while unsecured debt like credit card balances and overdue medical bills are tied to increasing behavior problems, according to a U.S. study.

"Our findings underscore that debt can be both positive and negative, depending on what it is being used for and the price or cost at which it is borrowed, in terms of interest rates, fees, and the like," said lead author Lawrence M. Berger of the Institute for Research on Poverty at the University of Wisconsin-Madison.

Spring is the time of year when high school juniors are learning about different colleges and high school seniors are receiving their acceptance letters. Yes, and a great many high school seniors will receive those other kinds of letters as well: You’ve been waitlisted, or even worse, the rejection letter. But sometimes a rejection letter means a college is just saving a student from himself or herself.

We are all so wrapped up in the process: filling out applications, visiting campuses, talking about roommates, getting professional help on the college essays that we forget to ask ourselves one critical question, "Is my child ready for college?"