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Post-Election Chopping Block

Regardless of your emotional response to the election results, the question on your mind now is, "Now what?". Will student loan programs be axed? Will some be saved? The door is wide open to possibilities, but lets start with what the new President can and can't do. There are issues that are within . . .
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What You Don’t Know About Student Loans Can Really Hurt!

IBR, ICR, and PAYE – the income driven repayment plans: These three plans, Income Based Repayment (IBR), Income Contingent Repayment (ICR), and Pay As You Earn (PAYE), are all based on your income. That means low income earners, or those on social security, can qualify for an exceptionally low . . .
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Treating Servicers like Potty-Training Toddlers

This past weekend, I attended the Consumer Rights Litigation Conference put on by the National Consumer Law Center (NCLC). The opening speech was by Deputy Treasury Secretary Sarah Bloom Raskin. It was a fabulous speech about my favorite topic - student loans. Understand that the NCLC conference . . .
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Student Loans and Military Personal

Yesterday was Memorial Day, so it is only proper that I discuss protections from student loans for those who serve our country. SCRA The Servicemembers Civil Relief Act has many provisions that apply to many other debts besides student loans.  The important one here is the interest rate cap.  All . . .
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FDIC v Sallie Mae

On May 13, 2014, two consent orders were issued:  FDIC v Sallie Mae Bank and FDIC v Navient Solutions Inc. (formerly known as Sallie Mae, Inc.).  These are the results of the FDIC's investigation into Sallie Mae's alleged violations of the Servicemenbers Civil Relief Act (SCRA), Electronic Fund . . .
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Does the Government Shutdown affect Student Loan Collections?

VinothChandar / Foter / CC BYNow that the government is shut down, there is a great concern about how this affects collections of student loans, default or not.  We first need to clarify that the shutdown only affects government agencies.  Guarantee agencies like ECMC, Great Lakes, etc. are not . . .
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Please Excuse My Dear Aunt Sallie

If you remember grammar school math, you'll understand the reference. By Aunt Sallie we mean dear old Sallie Mae, the biggest fish in the student loan industry. Finally, someone in government noticed something fishy and launched an investigation. First, lets thank the Huffington Post for their . . .
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Not all Consumer Attorneys are the Same

It's nearly midnight and I'm compelled to blog out of frustration.  Frustration from a new client because it's not the first time I've seen this. A woman asked me to review her student loan situation to see what can be done.  She is in default, she wants to get out and get her loans back on . . .
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