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Student Loan Related

Is it true? – Paul


I live in San Diego CA and am a Navy Veteran, when I got out of the Navy in 2003 I attended a school by the name of Micro Skills. which closed soon after i completed my last class with them. I have been paying back on that loan, which i used my VA benefits on, but friends and family ... Read More »

CFPB to Take a Look at Private Student Loans

The Consumer Financial Protection Bureau has announced they are taking a look at issues surrounding private student loans. The CFPB is asking for feedback on “private education loans and related consumer financial products and services that are currently being offered to or used by students and their families for the financing of postsecondary education.” You may send your comments to ... Read More »

How to Manage Student Loan Debt


Count yourself among the privileged few if you finish college without accumulating a lot of debt. Unfortunately, the majority of college graduates have student loans to pay off. Depending on the amount of debt you’ve built up, you could end up forking over a portion of your paycheck for years, or even decades, after you leave school. So, you need ... Read More »

When Do You Start Saving for Your Child’s College Fund?


The following guest post was contributed by Elle from CoupleMoney If you would like to contribute a guest post, click here. Preparing for the Baby’s College Fund From time to time, I get feedback from Couple Money readers. It’s something that I enjoy and try to respond to. After my recent post on preparing the baby’s nursery, Becky emailed me ... Read More »

Hooking Up to Get Out of Debt. Sex for College Tuition.

Sex for Debt

If you were deep in debt, owed a bunch of money for school in college loans and had a smoking hot body, would you be willing to trade a little companionship and ah, sex, to pay off your debt faster? Well that’s exactly what some “sugar babies” are doing. The website Seeking helps to make connections between what they ... Read More »

College Grads 2011, Bad News, You Are The Most Indebted Ever With Student Loans


Thanks to an awesome reader and tipster (send in your tips here) I was told about the recent Wall Street Journal article which shows the graduating class of 2011 is the most buried under student loan debt, ever. Even as the average U.S. household pares down its debts, the new degree-holders who represent the country’s best hope for future prosperity ... Read More »

Disabled Former Cop in Student Loan Story Gets Her Debt Forgiven


by Sasha Chavkin, ProPublica The Department of Education has finally forgiven the student debt of disabled former police officer Tina Brooks–who we featured in our Feb. 13 story [1] about the government’s broken program for forgiving the federal student loans of borrowers who become seriously disabled. Brooks, who fractured her spine when she fell 15 feet down a steep rock ... Read More »

Another Day, Another Class Action Suit Against For Profile Colleges

A new batch of students, 39 to be exact, are filing a suit against Daymar Colleges Group. Allegedly they were mislead in enrollment and given “false claims about transferability of its credits, job placements, and the terms and availability of student loans.” They are apparently left lacking jobs and gaining debt. The students also claim they were “deceived” into buying ... Read More »

Disabled and Hoping the Department of Education Will Help With Your Student Loan. Read This.


By Sasha Chavkin, Cezary Podkul, Jeannette Neumann, and Ben Protess This article is a collaboration among ProPublica and the Center for Public Integrity, which are independent nonprofit investigative newsrooms; and the Stabile Center for Investigative Journalism, at Columbia University. It was co-published with the Chronicle of Higher Education. Tina Brooks can’t sit or stand for more than half an hour ... Read More »

Student Loans – People Speak Out About Drowning in Student Loans


Here is our latest video on debt. This time it’s all about the burden of student loans. Nothing says frustration like a lifetime of debt for a degree you never finished. Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Want to Incur High Student Loans and Have Grim Job Prospects? Go to Law School.


The New York Times published “Is Law School a Losing Game?” and raised some excellent points that I’ve certainly observed from people visiting this site. In the NYT article, lawyers that have graduated with high student loan debt discuss the grim job prospects and reality of becoming a lawyer in the current economy. In reality, and based on every other ... Read More »

Want to Pay a Lot for College But Never Graduate? Go to a For-Profit University.

Subprime Opportunity

In a recent report, Subprime Opportunity: The Unfulfilled Promise of For-Profit Colleges and Universities the University of Phoenix didn’t fare too well when it came to graduating students. According to the report, only 9% of student enrolled actually graduated within six years. University of Phoenix, DeVry University, The Art institute, Berkeley College, Sullivan University, Westwood College, International Academy of Design ... Read More »

For-Profit Schools Donate to Lawmakers Opposing New Financial Aid Rules


by Sharona Coutts, ProPublica Between 2005 and the beginning of this year, Rep. Donald M. Payne, D-N.J., received $6,000 in campaign contributions from sources related to for-profit colleges. This year, he received more than $20,000 from the schools and their lobby groups, according to campaign finance records. What changed? For one, the colleges have upped their lobbying efforts considerably in ... Read More »

Brunswickian Reports Only Half of College Grads Apply for Student Loan Debt Elimination


I had to report on this story out of Canada. After all, how often do you get to cite a source called the Brunswickian. Apparently college students in Canada have an opportunity to cap their student loans. According to Hillary Paige Smith of the Brunswickian only half of university grads are taking advantage of a government program that caps a ... Read More »

Students Fight Back Against For-Profit Colleges: Westwood College Sued For Fraud

We’ve covered this topic time and time again (see Know Your For-Profit College ABC’s: Assertive, Bold and Cheeky. How I Almost Became a For-Profit College Statistic and Government Finds Fraud and Deception in Marketing for For-Profit Colleges); for-profit colleges and their deceptive practices to get students to enroll and take out loans they cannot afford. However, on August 21, 2010 ... Read More »

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