February 8, 2012

Public Service Loan Forgiveness? Yes please!

The Department of Education has recently made improvements to the PSLF process. While the requirements remain the same, they are more clear, and there's a variety of new documentation to help get you through the application process.

Outstanding Student Loans Exceed $1 Trillion

With students needing a college education and workers seeking retraining both hoping to land a decent job, the amount of student loans taken out last year passed $100 billion for the first time last year and total outstanding loans are...

More College Grads Filing for Bankruptcy

Historically, the typical personal bankruptcy filer has been low-income and under-educated. But over the past five years, financial distress has affected more and more people with college degrees. According to a new study by a financial nonprofit, the rate...

Contacting your Student Loan Lender

But if you have recently graduated college and are interested in consolidation or deferment of your student loans, you may have to contact your lender. So let's talk about how to do that.

NY Times on Relief for Student Debtors

An editorial was featured in the Saturday, August 27 edition of the New York Times which examined possible legislation allowing private school student loans dischargeable through bankruptcy. Since the start of the recession, record numbers of Americans have enrolled...

Student Loans to be Dischargeable in Bankruptcy

U.S. Senators Dick Durbin (D-IL), Sheldon Whitehouse (D-RI) and Al Franken (D-MN) joined U.S. Representatives Steve Cohen (D-TN), Danny Davis (D-IL), George Miller (D-CA) and John Conyers (D-MI) to introduce legislation in both the Senate and the House that...

Poll Results: Student Loan Debt

It's awesome, albeit surprising, to see the number of students graduating debt free- conGRADulations! For everyone else, loan repayment might be a growing concern as that 6 month date draws nearer. If you're concerned about making payments for whatever reason, there are some steps you can take to either lower or postpone your repayment.

When do I Receive my Stafford Loan?

Wondering when you actually receive your federal Stafford loan. Here is a look at how these loans are disbursed.

Seniors, graduating with debt?

For seniors, graduation is quickly approaching! Unfortunately, so are those pesky loan repayments, yikes! Complete our online poll and share how much debt you will be graduating with - and see how you compare to your peers!

Appealing a Financial Aid Offer – Can it be Done?

Your financial aid offer letter will show how much a college or university is willing to offer in the way of student loans and scholarships. But what happens when that figure is too low? How can you appeal?