The costs of higher education can burn a hole in your wallet, whether you pay out of your own pocket or provide student loans. And it turns out that, depending on your race, you can borrow more than your classmates to reach the finish. A recent study by a senior fellow at Brookings Institution and other researchers revealed that…
Many Americans have problems with credit card debts. Although the mortgage interest and the interest on car loans are close to historic lows, the credit cards are not. Why? If you understand the reasons behind the inequality, this is the first step to solve the problem for you as a credit card holder. A strategy to deal with…
Companies issue bonds to finance operations. Most companies can borrow from banks, but see borrowing directly from a bank as more restrictive and more expensive than selling debts on the open market through a bond issue. The costs involved in borrowing money directly from a bank are prohibitive for a number of companies. In the world of corporate finance,…