The Borrower Defense to Repayment process is failing. I also mention a new resource for spousal consolidation loans. . . .
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Student Loan Talk – General All Around Discussion
A lot was covered in just 20 minutes. From Presidential ability to forgive, sueing Congress for bankruptcy protection, and of course, the CARES act. Watch and feel free to add comments. . . .
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Covid-19 and Student Loans – Update
Today, March 25, 2020, the US Education Department (USED) rolled out protections for defaulted loans. It's quite simple. No more collection activity on defaulted loans held by USED. As I said in my previous post on this subject, loans held by USED are Direct Loans and some defaulted FFEL loans that . . .
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Top 10 Favorite Student Loan Comments:
I've been doing student loan work for over 6 years now. Here is a chance for me to share some of my favorite comments I've heard over the years. Enjoy!
1) I co-signed a private student loan for my child. He/she isn't paying the loan. I want to sue them to make them pay.
My Response: I suppose a . . .
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Student Loan Assistance Companies Sued
I heard Illinois Attorney General Lisa Madigan speak two years ago at NCLC's Consumer Rights Litigation Conference in Chicago. It was obvious then that she was very protective of consumers. So it comes as no surprise to me that she's suing two student loan assistance companies.
Why Sue?
The . . .
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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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What do Student Loans and Foreclosures Have in Common?
If you think about it, the answer is quite obvious: both are nationwide crisis with governmental programs meant to help that utterly fail because the private sector meant to administer the cure can't do its job...PERIOD!
Once again the Huffington Post nailed it with its latest article: Education . . .
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