National Collegiate Trust (NCT) Student Loans

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!New York Attorney General Schneiderman has set his sights on the NCT (National Collegiate Trust) vulture.  Can you find it in the picture? Stacy Cowley in the New York TImes: National Collegiate’s trusts have aggressively pursued in court borrowers who… Continue Reading

The Brunner Test

The Brunner test is the big hurdle student loan borrowers must get over to discharge student loan debt in bankruptcy. What Is The Brunner Test? The Brunner case is the bane of consumer bankruptcy lawyers trying to get their client’s student loan debt discharged in bankruptcy. Continue Reading

Student Loan News

I long for the day when I can lead with some good Student Loan News.  Today is not that day. The Seattle Times editorialized on a couple of my recurrent themes. Students from middle-class families are forced to depend too heavily on student loans to pay for college. In Washington, about six out 10 students… Continue Reading

Student Loan Seminar

I was privileged to be part of a panel on student loan issues at the American Bankruptcy Institute seminar last weekend. Student Loan Bankruptcy Law Even though bankruptcy law is federal law, it is not the same everywhere. Federal courts are divided into Circuits.  I am in the 6th, Michigan, which also includes Ohio, Kentucky… Continue Reading

Student Loan Borrowers

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 Student Loan Borrowers Think? Paul Bedard of the Washington Examiner reports the findings of a… 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