A Harvard business school grad paid off $90,000 in student loans in just 7 months. Awesome, or crazy?
Yes that is awesome, and yes, that is crazy.
Do the math and you'll quickly see that his average monthly payment was just shy of $13,000. He was able to do it because he was budget conscious . . .
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Why Your Defaulted Federal Student Loans Could Cost You That Tax Refund
If you're a Federal Student Loan Borrower, and you haven't been making payments, be careful before filing your tax return.
One of the collection tools available for defaulted federal student loans is called a Federal Income Tax Return Intercept. Depending on the status of your federal student . . .
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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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How the Fiscal Cliff Affects Financial Aid
I came across this article and thought I'd post for those interested. It's a very short article which answers the question, "How did the recent actions to avoid the fiscal cliff affect Financial Aid?" . . .
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Look, an Improved Student Loan Band-Aid
Everyone else is doing it so I'll join in with my praise of the new Pay As You Earn Plan. First, I rather call it the Pay As You Earn Repayment plan - it's a better acronym - PAYER.Now then, I really don't have much praise for this plan. Don't get me wrong, it's a great thing - for those who . . .
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My Response to Another One-Sided Opinion from Private Student Loan Lenders
An opinion in the December 26th issue of US News & World Report claims that stripping the current non-dischargability of Private student loans in bankruptcy would be counterproductive. Um....no, try again. The author states several arguments that are so easy to poke holes in, its like trying to . . .
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Updated IBR Calculater…and more!
The Income Based Repayment plan is an awesome tool for today's economically challenged times. It's a payment plan based on income only - simple and easy to understand. And now, the calculator published on the Dept. of Ed's website is also easier to understand, thanks to a major website . . .
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