Student Loan Borrowers

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Most of the time I rant on this blog about student loan servicers, or lenders, including the government. So today, let’s look at student loan borrowers. America’s college grads have earned an “F” in understanding their student loans. What Do… Continue Reading

Student Loan Collections

Well, Student Loan Collections are worse – than even I thought! And my opinion of student loan collectors was, is, they are abysmal. Shahien Nasiripour has a great story at the Bloomberg site. The Department of Education has even more ways to screw up. The Education Department, which rewards its (student) loan servicers with more… Continue Reading

What If I Do Not Pay My Student Loans?

One of the strongest indictments against the value of college is the astonishing number of folks who think they will not have to pay their student loans. According to a new survey, almost half of all college students believe they won’t be burdened with repaying student loans after they graduate. Spoiler alert: They will, unless… Continue Reading

Student Loan Changes?

New Presidents, new student loan policies. Part of Trump’s tax plan eliminates the student loan interest tax deduction. Under current law, taxpayers with income of less than $80,000 ($160,000 if filing a joint return) can deduct from their taxes the amount paid for interest on qualified student loans. $2,500 is the most anyone can deduct under… Continue Reading

Student Loan Crisis Continues

Hey, I would like a new topic, too! Email me if you have something other than student loan crisis that you want me to discuss. How Bad Is The Student Loan Crisis? Catherine Curan at the New York Post writes, it is getting worse at the hands of servicers. Old news, yes, but, it is… Continue Reading

Student Loan Crisis – How Does It Stand?

New presidents mean new policy, for the student loan crisis, that meant re-instating the 16 per cent collection fee on delinquent student loan debt. Although the fee was only stopped by the Obama administration last year, the New York Times bemoans its resurrection. The Education Department’s decision to let guaranty agencies gouge struggling people is… Continue Reading

Student Loan Bubble Update

I long for the day when the Student Loan Bubble Update is good news. Let’s lead with the surprise: According to the survey of 500 college students by LendEDU, a private firm that connects students and their families with student loans and loan refinancing, almost half of those responded that they believe they would be… Continue Reading

Bankruptcy Discharge Of Student Loans

Folks keep telling me that Bankruptcy Discharge Of Student Loans does not/can not happen. Even a lawyer friend I was speaking to last week. “What?  You can get rid of student loans in bankruptcy?” Uh, yes.  Not automatically.  Not easily.  But, yes, you can. Chapter 7 Discharge of Student Loans When a bankruptcy case is… Continue Reading