Tag Archives: student-loans
- CFPB Gets an Earful of Good Suggestions About Student Loan Disclosures
Recently the Consumer Financial Protection Bureau (CFPB) requested feedback from consumers about student loan issues. Advanced results and feedback on the survey are now available. The focus of the CFPB effort is to make information more available to students and potential students so they can make the best and most informed decision possible before falling [...]
- Interest Rates on Federal Student Loans to Double
Photo Credit: Bark Interest rates on federal student loans will double unless Congress takes action by this summer to keep the low rates in place. Currently federal student loans pay 3.4% interest but that rate is set to expire this summer. So unless Congress takes action to keep the rates low they will revert back [...]
- Student Loans: Necessary for a College Degree?
Student Loans-Rising Costs of College Tuition the Culprit? How much does college tuition cost? Without considering the cost of room and board, here are some average tuition costs. Public four-year colleges charge, on average, $7,020 per year in tuition and fees for students who live in their state. The average surcharge for full-time out-of-state students [...]
- My wife says she paid off her student loans but the collector wants 4x the amount. – John
My wife has some outstanding student loan debt…although she has told me that she has paid back the majority of it, or even all of it (thru the IRS taking her refunds away to pay this debt in the past). She was recently contacted by a lender who now says the amount she owes is [...]
- I’m a Retired Disabled Veteran And Student Loan Collectors Are Coming After Me. – Francis
“Dear Steve, I am 67 years old and disabiled. I went back to college and graduated 1991. Because of various problems and surgeries, I was put on permanent disability, and was unable to pay back student loan. After a LOT of correspondense back and forth between the collection agencies and the Veteran’s Administration, I was [...]
- I Cosigned for My Son’s Student Loans and I Can’t Afford Them. – Christy
“Dear Steve, My son has his BA and we have paid off all the student loans for that degree. He went to graduate school for Architecture. He needed money so he took out student loans. The building industry “tanked” and he is working independently but is making next to nothing. The bank is taking his [...]
- I Just Found Out I’m Pregnant, We Are Living in My Parent’s Home Which is in Foreclosure. – Kelli
“Dear Steve, I am 25 years old and have been married for six months. I have a substantial amount of debt from my student loans (almost 100k), a credit card with approximately $750, several medical bills that equal around $200, and a debt for $800 that is going to court. My husband and I live [...]
- Fiance’s Student Loans and Child Support Obligation
The following guest post was contributed by Mary Reed, coauthor of Debt Collection Answers: How to Use Debt Collection Laws to Protect Your Rights. She answers questions about how debt collection laws can protect you against abusive debt collectors. If you would like to contribute a guest post, click here. Q: When I marry my [...]
- I Went to College 21 Years Ago and Still Struggling With Student Loans. – Cheryl
“Dear Steve, I was divorced in 1990 and went back to school to earn a degree. Graduated summa cum laude in 1995 with a degree in English. Toiled away in low-paying jobs to support my children. Got forbearance on loans, but interest accrued. Went to grad school to try to better my situation, but family [...]
- Went to College and Can’t Get Ahead Financially. – Rjaj
“Dear Steve, I went back to college made school loans and I am in debt more than when I started. Need help in my financial part of life. How do I go from living from paycheck to paycheck and start getting ahead. I dont know how people save money and invest and all that. I [...]
- My Father Was Supposed to Pay My Student Loans. He Didn’t. – Cecilia
“Dear Steve, I have a 3.000 student loan that was supposed to have been paid by my father 15 years ago. He did not. Now I recieved a letter from an address the collector found from my Discover Credit card (my brothes house in Florida) saying that I have to pay over 10,000 on late [...]
- Is College Worth It? The Value of College
Georgetown University released a study that looked at how much a college education is really worth. Researchers examined different bachelor’s degrees, their median earnings and then broke down their findings to study differences in varying demographics. They state that “which degree you have matters – but so does your major.” It has been shown that [...]
- I’m Living Paycheck to Paycheck After a Divorce and Can’t Make a Dent in My Student Loans or Credit Card Debt. – Tonya
I have just over $20,000 in student loans, $8000 car loan, $700 credit card, I’m working on paying off a charged off credit card of about $3500, and I have a hospital bill of around $1400. I currently make $23712/yr. I’m making minimum or Income Based payments on All of them and now my IBR [...]
- How Can I Bring My Student Loans Current in a Reasonable Amount of Time? – James
“Dear Steve, In a nutshell: 33,000 in student loan debt, not great credit, debt to income ratio to high, to many accounts with high interest, can’t refinance house, wouldn’t make any money selling the house. I’m having trouble making monthly payment and my student loans are on forbarence are coming due. I don’t have emergency [...]
- I’ve Been Out of College for 11 Years. How Do I Pay These Student Loans Off? – Martha
“Dear Steve, I’ve been out of college for about 11 years now. I’ve attended 2 colleges and had to take out Student Loans from both college. My combine student loans are between $24,000-$25,000. I’m no longer working full time hours. I need someone to help me get out of the student loan debt. I will [...]