fbpx

President Biden Is Under Pressure to Extend Pause on Student-Loan Payments. What Will That Cost?

Federal student-loan borrowers are disappointed by federal court decisions that have stopped President Biden’s student-loan forgiveness scheme. Advocacy groups are arguing that Biden should extend the pause on student-loan repayments until after the legal challenges to his loan-forgiveness plan are resolved. College borrowers are currently expected to resume monthly loan payments in January 2023. By that time, …

Read more

I Went to St. George’s University, Got Bad Information and I’m Deep in Debt

Question: Dear Steve, $568,000 in student loan debt between undergraduate and medical school. I went to St George’s University a massive for-profit medical school in Grenada. The education was fine, but the cost of attending was extremely misleading, and I was told I could do my clinicals in Connecticut (my home state), which would have …

Read more

I Went to Jail, Worked for UNICOR and Want to Get My Student Loans Forgiven

I Went to Jail, Worked for UNICOR and Want to Get My Student Loans Forgiven

Question: Dear Steve, In 1992 I had a small student loan for a career college in Indianapolis. A year later, I was sent to Federal prison and incarcerated for 26yrs and 3mos. Can I qualify for forgiveness? I definitely worked for UNICOR INDUSTRIES. Ivan Answer: Dear Ivan, I’m assuming you had a federal student loan. …

Read more

Is This RISLA Student Loan Refinance Pre-Approval a Good Deal?

Is This RISLA Student Loan Refinance Pre-Approval a Good Deal?

Question: Dear Steve, I had asked you previously about refinancing Sallie Mae Student Loans (personal, not federal anymore). We have looked around and decided on Rhode Island Student Loan Authority. However, my husband is cosigning to get a lower rate. Just under $40,000.00, and the loan we are settling on is: Loan preapproved for 15 …

Read more

Refunds Sent to Students Deceived by Student Advocates’ Debt Relief Scam

The Federal Trade Commission is sending 14,521 checks totaling more than $822,000 to borrowers who lost money to a student loan debt-relief scheme that operated under the name Student Advocates. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should call the …

Read more