Mike Brown

In his role at LendEDU, Mike uses data, usually from surveys and publicly-available resources, to identify emerging personal finance trends and tell unique stories. Mike’s work, featured in major outlets like The Wall Street Journal and The Washington Post, provides consumers with a personal finance measuring stick and can help them make informed finance decisions.

Articles by Mike Brown:

17
Oct
Protected: A Look at Student Loan Default Rates by School & State

There is no excerpt because this is a protected post.

Posted in: Reports, Student Loans,
15
Oct
Trick or Treat: How Much Does the Average American Spend on Halloween?

LendEDU's third annual study also included price comparison research that found consumers can save a good chunk of money by shopping for Halloween on Amazon rather than Walmart.

Posted in: Personal Finance, Reports,
09
Oct
Can You Be Arrested for Not Paying Student Loans?

While it’s technically not possible to be arrested for student loan debt, it’s possible to be arrested for not abiding by certain legal procedures after defaulting on your student loans.

Posted in: Student Loans,
01
Oct
How Do Americans Spend Their Monthly Income?

LendEDU compared each generation's average monthly budget and found boomers spend a lot on credit card debt, while millennials save quite a bit for retirement despite larger student loan payments.

Posted in: Personal Finance, Reports,
Tags: sharing,
24
Sep
One-Third of Americans Go Into Unnecessary Debt to Pay For Extravagant Weddings—And Quite a Few End Up Regretting It

The survey of 1,000 recently-hitched Americans also found that some have missed debt payments associated with their wedding, while others that used debt to finance their ceremony ended up getting divorced shortly after.

Posted in: Personal Finance, Reports,
Tags: sharing,
12
Sep
SoFi Reviews

This SoFi Review takes a look at what products the company offers and links out to all of our full reviews of each.

Posted in: Banking, Investing, Personal Loans, Student Loans,
Tags: loan review, ptype_review,
10
Sep
Data From Nearly 10,000 Student Loan Borrowers Reveals 16% Will Have Debt-to-Income Ratio Above 20% at Graduation

Using exclusive applicant data provided by student loan lender Funding U, LendEDU found that a solid proportion of student loan borrowers will probably face a serious debt-to-income problem.

Posted in: Reports, Student Loans,
20
Aug
Why Aren’t Millennials Becoming Homeowners? Some Cite a Lack of Knowledge or Savings, Others Point to Student Debt

In part two of a study about millennials, mortgages, and homeownership, LendEDU found some revealing trends about why many millennials aren't homeowners yet.

Posted in: Mortgages, Reports,
Tags: sharing,
06
Aug
Millennials & Mortgages: Generation is Struggling With Down Payments, Sometimes Getting Help From Parents

Part one of LendEDU's two-part millennial & mortgages study examined trends amongst current millennial homeowners, and found that this generation often pays for PMI, in addition to leaving little wiggle room to meet monthly mortgage payments.

Posted in: Mortgages, Reports,
16
Jul
State of Private Student Loans Report 2019

As the cost of college continues to rise, it becomes harder for federal student loans to fully meet the price tag. Private student loans are increasingly used to fill the gaps, and using our own data that includes close to 200,000 users interested in private student loans, LendEDU reveals how the private student loan industry has changed from 2016 to today.

Posted in: Reports, Student Loans,