3 Dumb Student Loan Myths That Can Bankrupt Smart Borrowers – Forbes

"People who went to these schools in order to better themselves so they could get a job and didn't get decent training are not in a good position to pay off these loans," she said. Robyn C. Smith, an attorney who works with the National Consumer Law Center, estimates that "thousands and thousands" of former students fall in that category. The U.S. Department of Education proposed rules last month that target career colleges, an industry buffeted by criticism and lawsuits. <br>Source: <a href='http://www.baltimoresun.com/business/bs-bz-student-loan-debt-trade-schools-20140406,0,6952592.story&#039; >http://www.baltimoresun.com/business/bs-bz-student-loan-debt-trade-schools-20140406,0,6952592.story</a&gt;

Take advantage of this little-known tax"loophole" Recent tax increaseshave affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report " The IRS Is Daring You to Make This Investment Now! ," you'll learn about the simple strategyto take advantage of a little-known IRS rule. Don't miss out onadvice that could helpyou cut taxes for decades to come. Click here to learn more. Try any of our Foolish newsletter services free for 30 days . <br>Source: <a href='http://www.fool.com/investing/general/2014/04/05/the-11-trillion-student-debt-burden-is-paralyzing.aspx&#039; >http://www.fool.com/investing/general/2014/04/05/the-11-trillion-student-debt-burden-is-paralyzing.aspx</a&gt;

<img src='http://blog.credit.com/wp-content/uploads/2013/08/student-loan-forgiveness.jpg&#039; />

$1 trillion student loan debt widens US wealth gap

He explained: I needed a bit of extra money. My bank refused to extend my overdraft and I didnt want to go to my parents so I ended up using a short-term loan firm. It was just a disaster. The reason Smart-Pig.com is different he says is because it cares about the people it lends money to. As well as running a series of competitions with monetary prizes, a main feature of the company is the 10-day grace period it offers to those whose official payments are delayed. He said: I was slapped with lots of extra fees when I missed my repayment I really could have done with 10 days to resolve that hiccup without incurring a charge. Despite graduating in law, 24-year-old Shreiffs entrepreneurial flare was evident from an early age when he picked up trinkets from markets on family holidays to Morocco and sold them online for a profit on his return. He said: It was a little hobby and a lot of fun but it really set the business side of me going. Now two years old, Smart-Pig is going from strength to strength. <br>Source: <a href='http://www.coventrytelegraph.net/news/coventry-news/smart-pigcom-start-up-student-loans-company-6923546&#039; >http://www.coventrytelegraph.net/news/coventry-news/smart-pigcom-start-up-student-loans-company-6923546</a&gt;

Are you frustrated with the fact that youre struggling to pay it off? Then youre like millions of Americans buried in student loan debt. The fact is, there is over $1 trillion dollars in outstanding student loan debt in the U.S., and for borrowers who recently graduated only to find a tough job market and little help, the burden of student loan debt can be daunting. continue It doesnt help that there are so many myths surrounding student loan debt programs and repayment options. So, before you fall for one of these myths, make sure you educate yourself. Myth #1: You Always Have To Pay Back Your Student Loan Debt You hear every pundit telling you, You always have to pay back your student loan debt. <br>Source: <a href='http://www.forbes.com/sites/robertfarrington/2014/04/04/3-dumb-student-loan-myths-that-can-bankrupt-smart-borrowers/&#039; >http://www.forbes.com/sites/robertfarrington/2014/04/04/3-dumb-student-loan-myths-that-can-bankrupt-smart-borrowers/</a&gt;

or doctorate and you get the same job at the same place, you make the same amount of money, said William Elliott III, director of the Assets and Education Initiative at the University of Kansas. But that money will actually mean less to you in the sense of accumulating assets in the long term. Graduates who can immediately begin building equity in housing or stocks and bonds get more time to see their investments grow, while indebted graduates spend years paying principal and interest on loans. The standard student loan repayment schedule is 10 years but can be much longer. The median 2009 net worth for a household without outstanding student debt was $117,700, nearly three times the $42,800 worth in a household with outstanding student debt, according to a report co-written by Elliott last November. About 40 percent of households led by someone 35 or younger have student loan debt, a 2012 Pew Research Center analysis of government data found. <br>Source: <a href='http://www.alaskajournal.com/Alaska-Journal-of-Commerce/April-Issue-1-2014-1/1-trillion-student-loan-debt-widens-US-wealth-gap/&#039; >http://www.alaskajournal.com/Alaska-Journal-of-Commerce/April-Issue-1-2014-1/1-trillion-student-loan-debt-widens-US-wealth-gap/</a&gt;


Forex: Eur/usd Risks Larger Decline On Failure To Close Above 1.3800 4/1/2014

“Based on the information currently available to the competition commission, authorities believe that the most important currencies are affected,” WEKO said, adding that it “cannot exclude” other banks and brokers also may have been involved. Credit Suisse said it was “astonished’ by the allegations, and noted it was not subject to WEKO’s preliminary investigation into various banks. “The press release contains incorrect references to Credit Suisse AG and these allegations are both inappropriate and harmful to our reputation,” the Zurich-based bank said of the commission’s statement. But it said the bank will cooperate fully with the authorities in this matter. Since regulators in other European countries, the U.S. and Singapore started investigating possible foreign exchange manipulation, major firms like Citigroup and Barclays have suspended traders.
Source: http://abcnews.go.com/International/wireStory/swiss-investigating-banks-forex-market-23124655

Credit: Reuters/Murad Sezer Breakingviews NEW YORK (Reuters) – Twelve large banks have been sued in a consolidated antitrust lawsuit by investors who claim they conspired to rig prices in the roughly $5.3 trillion-a-day foreign exchange market. Investors, including the city of Philadelphia and a variety of pension funds and hedge funds, accused the banks of conspiring since January 2003 in chat room discussions, instant messages and by email to manipulate the WM/Reuters Closing Spot Rates. The private litigation was filed on Monday night in U.S. District Court in Manhattan; it combines several lawsuits that have been filed since November. Defendants are Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC Holdings Plc, JPMorgan Chase & Co, Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG. The case comes amid civil and criminal probes worldwide into whether banks rigged prices to boost profit at the expense of customers and investors.
Source: http://www.reuters.com/article/2014/04/01/us-forex-lawsuit-idUSBREA301WC20140401?feedType=RSS

GBP/USD: Doji Signals Indecision Near 1.6660/70 mark Daily Chart – Created Using FXCM Marketscope 2.0 Similarly on the four hour chart; several Dojis during intraday trade are further evidence that traders are questioning the ability of the Pound to push higher. GBP/USD: Dojis Denote Deliberation Amongst Traders 4 Hour Chart – Created Using FXCM Marketscope 2.0 The ominous Dark Cloud Cover formation on the weekly at multi-year resistance also remains on the radar, and is threatening a more significant correction ahead for the Pound. A potential target is offered by the 23.6% Fib Retracement Level near 1.6350. However, a Piercing Line pattern has also recently emerged and although it awaits confirmation, WHICH ETF ‘S T BUY NOW it suggests the bulls havent given up on the pair just yet. GBP/USD: Bulls Return As Piercing Line Forms on Weekly Weekly Chart – Created Using FXCM Marketscope 2.0 By David de Ferranti, Market Analyst, FXCM Follow David on Twitter: @Davidde To receive Davids analysis directly via email, please sign up here . DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Source: http://www.dailyfx.com/forex/technical/candlesticks/gbp-usd/2014/04/01/Forex-Strategy-GBPUSD-Doji-Suggests-Indecision-Amongst-Pound-Traders.html

Notably, the losses in April have been decreasing since 2009. Yet, the seasonal outlook is bearish USDCAD. Forex Seasonality in the Swiss Franc Seasonality favors a slightly weaker USDCHF in April. However, seasonal outlook is Neutral as April 2011 deviated significantly compared to the other years.
Source: http://finance.yahoo.com/news/april-forex-seasonality-favors-us-100000029.html

April Forex Seasonality Favors US Dollar Weakness – Against Whom?

http://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2014/04/01/Forex-EURUSD-Risks-Larger-Decline-on-Failure-to-Close-Above-1.3800.html?CMP=SFS-70160000000NbUBAA0 Daily Forex Market News and Analysis Related Articles Webmaster Tools Risk Disclaimer – By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Source: http://forextv.com/forex-video/forex-eurusd-risks-larger-decline-on-failure-to-close-above-1-3800-412014/

Analysts had expected the manufacturing index to tick up to 56.7. The drop was due to a slower rise in output and new business. New export orders weakened further, to the slowest pace of growth for ten months. The report noted that the reading was likely to disappoint markets, but said it should be should be seen in the context of near record growth rates seen in the second half of last year. “Growth is merely hot rather than scorching, and the take-home messages from the March survey are that the recovery remains solid and continues to drive strong job creation,” said Rob Dobson, senior economist at Markit.
Source: http://www.moneycontrol.com/news/rupee/forex-pound-dips-vsdollar-after-u-kmanufacturing-pmi_1062183.html