One of my jobs as a bankruptcy attorney is to counsel people on how to handle student loans. The first line of defense is to borrow as little as possible. Plan ahead, and you can get more financial aid for your child, and less student
Read More
Archives for Student Loan News and Information
Going to College Soon? Money Rules!
College-Bound Juniors and Seniors in High School, and your parents—this article is for you! You filled out all of the “common-apps”, wrote the essays, and are sending off the applications to your dream schools, safety schools, and everyplace in between. Parents, you did your taxes,
Read More
Student Loan Cheat Sheet—New Program Starting Soon!
If you are burdened by student loans, help is on the way! The U.S. Department of Education is revising the Pay as You Earn program (PAYE) to be REPAYE. (Clever, get it?). This new program, based on the President’s executive order last year, is meant
Read More
US Dept of Education to Expand Pay as You Earn Program, and Help Borrowers
Student loan repayment can be a huge burden. The Obama Administration recently announced its plans for a Student Aid Bill of Rights, and now, it is also trying to rework and make the Pay as You Earn Program available to more students. The US Department
Read More
New College Grads, Hit a Home Run with These Money Tips
Congratulations! You worked hard, studied hard, and came through in the clutch! You aced those exams, and turned in all the papers! Now, you are lining up that first job out of college! You are getting ready to really strike out on your own! But,
Read More
Obama Extends Student Loan Relief Program- How Does it Help Borrowers?
If you have overwhelming student loan debt, there are some options to try to get the student loan debt under control. I wrote about some of them in my 2012 blog post, “Having Problems Paying Student Loans- You’re not Alone!”. Just recently, President Obama, by
Read More
We Can Help You with Student Loan or College Debt—It is Not Hopeless!
In 2012 I wrote a blog article about how difficult college graduates are finding it to pay their student loans. Paying student loans is still one of the biggest problem facing today’s millennials – people in their 20’s and 30’s–right now, is student loans. As
Read More
Student Loan Interest Rates – a Ticking Time Bomb
On July 1st, subsidized student loan interest rates are set to double, from 3.4 percent to 6.8 percent. So far the House has passed a bill which would address the issue, and tie the rates to the Treasury’s borrowing rates. The Senate so far has
Read More
Student Loans– A Looming Crisis
As the Presidential campaign hits the stretch run, both candidates are talking about their plans to help students and parents deal with the ever-increasing student loan problems. In August, the candidates expressed their opinions: http://www.huffingtonpost.com/2012/08/22/mitt-romney-obama-student-loan-debt_n_1820062.html No matter who wins the election, student loan debt is
Read More
Having Problems Paying Student Loans– You’re Not Alone!
The fourth article in a recent series in the New York Times about soaring college costs and the debt that students and their families are trying to cope with. Now, collection agencies are getting in on the act. There are some options available for students,
Read More
