Yes you read that right! Because college costs have risen so high, parents have had to stretch their loans so long that they are running deep into their retirement years. The fastest growing group of Student Loan debtors are over 60. This is delaying retirement,
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Archives for Student Loan News and Information
Help for Students and Families is Here: StudentLoanLawChicago.com
Announcing our new website, a resource for students. This is a resource for students at all phases of the college process. We explain the steps to student loan success, from the college application process, to the loan process, to the repayment process. With the cost
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Big Changes for Applications for FASFA College Aid Applications!
If you are a parent of a college student, future college student, or a student yourself, listen up! There are big changes ahead! Starting with the 2017-2018 School Year, the FASFA (Free Application for Student Financial Aid) can be filed starting October 1, 2016, and
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Parents of College-bound Students- Prepare for YOUR Test- The FASFA! Avoid Crushing Debt!
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
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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,
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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
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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
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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,
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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
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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
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