So Who is Maximus Education Taking Over Navient Loans as Aidvantage?

Navient has announced federal student loans they service, well not all of them, will be transferred to a company named Aidvantage that is part of Maximus Education, LLC. Aidvantage Student Loans Navient says, “Aidvantage is the federal loan servicing unit of Maximus Education, LLC, a company that has one mission – to help you manage … Read more

When Bad Debt Advice Hides Behind Good Advice

I just saw a Houston Texas TV story about Suzanne Black, an elderly 70 years old woman involved with a nonprofit debt management company, Money Management International. She paid $63,000 over the last five years with their help to get out of debt. While this may sound all fine and good on the surface, I … Read more

I’m Still Plenty Irritated My Social Security is Garnished for Student Loans

Question: Dear Steve, $35,000 has been collected on my $20,000 student loan debt, and none of it has been applied to the principal only to interest. You told me that “if the mandatory amount garnished is insufficient to cover the interest owed each month, then no payment would be applied to the underlying principal amount.” … Read more

What Happened in USA Case Against Rayan Vanderhoof?

Question: Dear Steve, Steve Vanderhoof’s widow Rayan Vanderhoof and her CURRENT STATUS with the Department of Justice and her company Olympus Medical Group Corporation for Medicare Fraud? Was Ms. Vanderhoof ever convicted? Answer: Many of the court records in the case of the United States of America v. Rayan Vanderhoof are sealed and not publicly … Read more

College Goes Bankrupt But Your Student Loans Are Problematic

Vista College, a chain of for-profit college campuses, closed and went bankrupt a few days ago. Most Vista campuses are in Texas, but the chain filed its bankruptcy proceedings in Delaware. Who Owns Vista College? Education Futures Group (EFG), a Chicago-based private equity firm, holds a majority interest. Jim Tolbert, Vista’s CEO, owns 16.7 percent. … Read more

How to Avoid Scammers and Find a Reputable Extended Car Warranty Company

Car warranties can be a helpful tool for keeping your car safe and reliable. An extended car warranty is much like the warranties that come with new cars. It covers your car’s mechanical and electrical systems, such as the engine and transmission, if they break down. Unfortunately, there are many extended car warranty scams out … Read more

Parents Need to Stop Taking Out Loans So Their Kids Can Attend a Pricey School

Baylor University, a Baptist institution located in Waco, Texas, is a well-respected school. Over the years, it has risen steadily in the college ratings and now ranks among the top 100 American universities. But Baylor is expensive–tuition and fees are about $50,000 a year. Low-income students can take out federal loans, but these loans are … Read more

Do This When a Company Won’t Respond to Your Complaint

Have you ever tried to resolve a dispute with a corporate entity: a bank, a car rental agency, a credit card company? How did it turn out? Most times–I’m guessing–you just gave up without getting your problem solved. A couple of years ago, Chase Bank flagged a fraudulent transfer out of my checking account. Three … Read more

Public Service Loan Forgiveness Gets Big Boost Towards Delivering Promises

The Public Service Loan Forgiveness federal student loan forgiveness program was designed to attract good people into lower-paying fields that serve the public good. These fields include teachers, firefighters, law enforcement, military, low-income medical care, etc. While President Bush created the program, it was all but murdered under President Trump. As a result, people that … Read more

FTC Opens the Door to More Defense to Repayment Claims for Student Loan Forgiveness

The FTC made the announcement below that seems to open the door for students with federal student loans to explore the possibility of applying for a Borrower Defense Loan Discharge. The Federal Trade Commission put 70 for-profit higher education institutions on notice that the agency is cracking down on any false promises they make about … Read more