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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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The Lies They Tell In a Student Loan Relief Scam Business

Want to start a student loan relief business? According to a recent ad that will give you all the tools to do just that, you can learn the tricks that let you cut someone's private student loan payment by more than 50%. Clients who sign up for this program apparently also get a written guarantee . . .
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Student Loan Bill of Rights

On March 10, 2015, President Obama introduced the Student Aid Bill of Rights; another executive action to deal with student loan debt. Read the official Memorandum. Let's take a look at some of the details. State-of-the-Art Complaint and Feedback System The President is requesting a "simple . . .
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IBR, ICR, PAYE, and IBR. Wait, what?

Dealing with Federal loans means understanding industrial acronyms. But what do you do when the same acronym means different things - or multiple acronyms mean almost the same thing. Does a letter really make a difference? You bet it does! Today we'll discuss income driven plans - repayment based . . .
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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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This is the end…

I pondered all the songs that could be appropriate for this post - ding dong the witch is dead, deadman's party, celebration time, the list goes on.  But in the end, sing what you want, because it appears the death knell is ringing.  Corinthian colleges is on its way out. Corinthian Colleges I . . .
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Obama’s Executive Action Falls Woefully Short

On June 9, 2014, President Obama took action to make college more affordable. Can we call this what it really it is? It’s an act to make student loans more affordable.   This act in no way makes college any more affordable than it already isn’t. What the President did was expand a program he . . .
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Student Loan Debt Crisis Symposium Review

This past Friday I attended the ABI's (American Bankruptcy Institute) Student Loan Debt Crisis Symposium.  It was...um...interesting.  I say that because I came in with a unique perspective, being in the trenches and all.  For me, it was more review and less of an informative or "problem solving" . . .
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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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