This week’s election was a cliffhanger for many people, but the stakes were higher than most for the director and staff of …
Private Student Loans
Subprime Private Student Loans: No Way Out
Although private loans make up a relatively small slice of the roughly $1 trillion in outstanding student debt, a new report from the Consumer Financial Protection Bureau in conjunction with the Department of Education shows that …
Why Can’t You Discharge Student Loans in Bankruptcy?
If you’re struggling to pay credit card debt, car loans or even gambling debt, you can wipe the slate clean in bankruptcy. Struggling to pay your student loans? Sorry, you’ll just have to figure that one out on your own.
Internet Campaign Prompts Sallie Mae to Change Fee Policy
Bowing to pressure from an online petition, lending giant Sallie Mae offered to change its fee policy for borrowers who have delayed payments on their student loans. Borrowers who enter into forbearance will now have the …
What To Do If You Can’t Pay Your Student Loans
If you graduated college last spring, chances are over the winter holidays the government delivered a nice present to your door: your first student loan bill.
Obama Expected to Appoint Consumer Financial Protection Bureau Chief
President Obama is reportedly planning to name Richard Cordray as director of the Consumer Financial Protection Bureau in a recess appointment today, which means the drawn-out Congressional standoff over Cordray’s nomination to head the watchdog agency may be drawing to a close.
Sallie Mae’s Misleading and Dangerous Press Release
Our old friend Sallie Mae is up to her old tricks again: trying to sell students on extremely dangerous variable rate private student loans with this press release, which touts “changes in the law and improvements in the economy that translate into student loans at among the best interest rates in the last five-year period.”
