201703.11
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Student Loan Servicers Abuse IDR IBR

How Student Loan Servicers abuse IDR IBR How to file a CFPB complaint and make your student loan affordable. This is how Student loan servicers abuse IDR IBR applications. To make your student loans manageable: Your student loan is almost always managed by a servicer.  The system acts similarly to how mortgages are serviced.  A servicer is a…

201504.07
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Student loans for Prisoners and the Dead

Can you believe it Student loans for Prisoners and the Dead. Department of Education gives student loans to convicts while in prison or gives out loans to people pretending to be these convicts. A client of mine is unable to read or write effectively. He was incarcerated in Kentucky on or about 1-13-1987 for Assault 1 to serve a 10…

201410.26
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Senior Citizens Social Security Student Loan Garnishments

In 2005, older adults owed $2.8 Billion in federal student debt. In 2013, this increased to over $18 Billion, according to the Government Accountability Office (GAO) in 706,000 households compared to 22 million households with the remaining student load debt. People over 65 left on social security default their student loan debt at a much higher rate. Although other debts like income taxes…

201406.11
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Student Loan Forgiveness Programs

There are several Student Loan forgiveness programs which cancel all or part of your federal student loans. Each program has different eligibility requirements. Although an IBR or ICR will make the loan affordable and allow the loan to be discharged these programs will pay it off sooner or reduce the payments even more. If you are…

201401.06
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School Student Loan Default College Liability

Schools and Student Loan default School student loan defaults and the liability of colleges for defaults is a hot topic. The average student loan default rate for four year schools is 25% for two year schools it is 35% and for private colleges it is about 45%. About 14% of student loans default within three years even though deferments and…

201312.06
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Student Loan Rehabilitation Law New Regulations

Did you know that student loan bill collectors are often paid over 100,000 a year to put you into loans and rehabilitation programs that are not reasonable or affordable? Just like the mortgage industry servicers that violate the law and regulations, student loan collectors are paid by charging fees, and putting students into rehabilitation plans and loans that collect the…

201210.14
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What is the Student Loan Brunner Test?

After October 2005 private student loans also required a showing of hardship to obtain a discharge in bankruptcy. But private student loans are subject to the statute of limitations and other collection laws. A Chapter 13 can run the clock until private student loans become noncollectable. To find out if your loan is a federally…

201210.09
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Student Loan Statistics 2012

The Student Loan 2012 Statistics show that delinquency is decreasing and that Student Loan Bankruptcy is not the problem? About 50% of the people that try to get their student loan debt reduced have some success at it according to two studies published over the last 3 years. In 2012 a survey reported that since 2010…