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For-Profit Colleges Account for a Third of All Federal Student Loan Defaults

For-Profit Colleges Account for a Third of All Federal Student Loan Defaults Even though they account for just 26% of all federal loans. Over one-third of federal student loan defaults can be attributed to students at for-profit schools. Students at for-profit colleges accounted for 35% of defaults during the three year period starting in 2013—down […]

Corinthian Students Face Tough Choice to Discharge Loans

Makenzie Vasquez, of Santa Cruz, Calif., poses for a picture in Washington, Monday, March 30, 2015. Former and current college students calling themselves the “Corinthian 100” say they are on a debt strike and refuse to pay back their student loans. Manuel Balce Ceneta / AP Students at the abruptly shuttered Corinthian Colleges campuses have […]

Ex-Students With ‘Income-Based’ Loan Payments Face Crushing Tax Bil

Michael Hulshof left the University of La Verne in 2012 with his law degree and $145,000 in student debt. Today, that figure is about $220,000 and, by the time he’s 55, he figures it will be around $400,000. That’s when his real problems could begin. Hulshof, a 33-year-old attorney in Antioch, California, entered into a […]

Student loan debt forgiveness

NASHVILLE, Tenn. – Student loan debt forgiveness is a hot topic these days and predatory companies are doing their best to cash in on it. These companies call, email and post ads on social media looking for distressed borrowers who will believe the too good to be true claims. Some companies promise thousands of dollars […]

Why Consolidating Student Loans Through Refinancing Can Do More Harm Than Good

Refinancing debt to consolidate multiple loans into a single one is a standard of debt management. Sometimes it’s to get access to a more favorable interest rate. Sometimes it’s to reduce the monthly payment requirements by stretching them out of a longer repayment period. And in some cases, it’s just for the administrative ease and […]

Why 2016 Will Be a Big Year For Student Loans

The nation’s student loan debt has expanded tremendously over the last decade. With more individuals attending college than ever, the demand for student loans has skyrocketed. For the class of 2015, the average amount of student loan debt is over $35,000 according to government data reviewed by Edvisors, a college planning website. As of March […]

Student loan debt: America’s next big crisis

Student loan debt: America’s next big crisis Mitchell D. Weiss, Credit.com8:48 a.m. EDT August 23, 2015 (Photo: Thinkstock) 1481CONNECT 207TWEET 245LINKEDIN 107COMMENTEMAILMORE The Federal Reserve Bank of New York released its latest Report on Household Debt and Credit Developments, and the news isn’t good for student-borrowers. As of the second calendar quarter ending June 30, […]

Default and Repayment of Student Loans

Default and Repayment When it comes time to repay student loans, we all groan, but do what we can. The trouble in not repaying the loan is what occurs when the loan enters default status. The following information applies to federal student loans only. The collection of federal student loans is a unique kind of […]

Student Loan Basics

Student Loan Basics These days it is almost impossible for most students to attend college without some kind of financial aid. Most students who apply for aid receive student loans. There are two main sources for such loans; Private loans and Federal loans. Private loans are issued by private banks and are based on the […]

The Supreme Court May Weigh In on a Student Debt Battle One deeply indebted student borrower may become an unlikely hero to the 41 million Americans with education debt.

The Supreme Court May Weigh In on a Student Debt Battle One deeply indebted student borrower may become an unlikely hero to the 41 million Americans with education debt. Natalie Kitroeff October 19, 2015 — 2:44 PM EDT Mark Tetzlaff is a 57-year-old recovering alcoholic who has been convicted on misdemeanor victim intimidation and domestic […]