Student Loan Borrowers Left Hanging With Student Loan-Relief Claims

In a recent report published by MarketWatch, since inauguration day through July 31st, the Department of Education has received over 25,000 borrowers defense claims according to the report published by the agency’s Office of the Inspector General (OIG). Jillian Berman, the author of the MarketWatch report, stated that these applications [...]

By |2017-12-18T15:08:20-08:00December 19th, 2017|Academics|Comments Off on Student Loan Borrowers Left Hanging With Student Loan-Relief Claims

Is The Student Debt Crisis Bubble Actually Deflating?

An article published back in July by The Atlantic suggested that the College “bubble” is actually beginning to leak air. As many financial professionals have drawn similarities to the mortgage crisis and the student debt crisis, there was a common theme that this would not last and it would end [...]

By |2017-11-06T12:58:57-08:00November 7th, 2017|Academics|Comments Off on Is The Student Debt Crisis Bubble Actually Deflating?

What To Do When You Take Out Loans But You Dropped Out Of School

Many Americans fall into this camp of individuals who took out loans but for one reason or another had to stop going to school. Maybe they got sick, had to drop out to take care of a family member, or perhaps their current education path was not for them. Whatever [...]

By |2017-10-31T10:08:51-08:00October 31st, 2017|Academics|Comments Off on What To Do When You Take Out Loans But You Dropped Out Of School

Department Of Education Cutting Collaboration With The CFPB

The Consumer Financial Protection Bureau (CFPB), formed in the wake of the 2008 financial crisis, has played a large role in regulating malpractice with student loans. Recently, they announced a settlement with National Collegiate Trusts and the debt collector it contracted, Transworld Systems.Though their role is not limited to student [...]

By |2017-10-02T14:53:05-08:00October 3rd, 2017|Academics|Comments Off on Department Of Education Cutting Collaboration With The CFPB

Private Student Loan Creditor Fined $21.6 Million For Invalid Lawsuits

Last Monday, the Consumer Financial Protection Bureau (CFPB) fined National Collegiate Student Loan Trusts, and its debt collector, Transworld Systems, for going after students for debts aggressively without having proper documentation. Moreover, they were going after people for debts that they couldn’t prove were owed or the debts themselves were [...]

By |2017-09-25T10:33:28-08:00September 26th, 2017|Academics|Comments Off on Private Student Loan Creditor Fined $21.6 Million For Invalid Lawsuits

The Uncertainty Of Student Loan Forgiveness Arriving This October

In 2007, the Public Service Loan Forgiveness (PSLF) program was a program created to relieve the debt burden placed upon students who qualified with either a government or nonprofit public service job and also made payments diligently for ten years. After this ten-year period, the remaining balance of the student’s [...]

By |2017-09-21T15:23:12-08:00September 21st, 2017|Academics|Comments Off on The Uncertainty Of Student Loan Forgiveness Arriving This October

Is It Possible To Have A $0 Payment With Income-Driven Repayment Plans?

I know, it sounds crazy. But believe it or not, it is possible to have an income-driven repayment plan that offers a $0 monthly payment. But there are certain factors that need to align for you to achieve this. Let’s first take a look at the different income-driven plans currently [...]

By |2017-09-07T11:52:45-08:00September 7th, 2017|Academics|Comments Off on Is It Possible To Have A $0 Payment With Income-Driven Repayment Plans?

Tackling Student Loan Payments While in School

Although we know that loan payments typically don’t commence until six months after graduation, it can’t hurt to start payment early. If you have unsubsidized student loans that accrue interest, or loans that have the high-interest rates, you may want to consider setting aside a little bit of cash each [...]

By |2017-08-23T14:13:53-08:00August 23rd, 2017|Academics|Comments Off on Tackling Student Loan Payments While in School

Reuters Investigates How One Student Loan Borrower Was Misguided by Navient

With Americans owing roughly 1.4 trillion in student loan debt, more people have come forward against the current lending system. Some have filed lawsuits and complaints against student loan servicers for steering them away from affordable repayment plans or failing to provide adequate information on their options. In a long-form [...]

By |2017-08-01T14:05:47-08:00August 1st, 2017|Academics|Comments Off on Reuters Investigates How One Student Loan Borrower Was Misguided by Navient

Don’t Let Lost Paperwork Get In The Way Of Your Student Loan Obligation

Paperwork can get lost right? Think about it: How many times have you misplaced a key document or lost an important paper you thought was filed appropriately?But what about a big company losing $5 billion of its $12 billion private student loan portfolio?While millions of Americans can only hope and [...]

By |2017-07-27T11:46:23-08:00July 26th, 2017|Academics|Comments Off on Don’t Let Lost Paperwork Get In The Way Of Your Student Loan Obligation

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