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How to Be Financially Successful When You Graduate

Congratulations! You’ve made it through the starving student years and now you’re ready to start a job and earn some real money. You’re probably thinking about all the things you’ll be able to buy, places you’ll go and things you’ll be able to do when those paychecks start rolling in. Not so fast. If you’re … Read more

What Can You Tell Me About Forgiving My Student Loans? I’m a Social Worker. – Patricia

“Dear Steve, I read one of your blogs in January concerning Obama’s social work loan forgiveness plan. I am curious to know if any movement has been made on this. I am a social work working in a public servcie-non profit agency and wonder if I qualify? Many thanks, Patricia” Dear Patricia, I have not … Read more

Drowning in Student Loans?

If you can’t make payments on your student loans, don’t panic. Don’t just give up and invite default, either. Default means that your credit will be damaged and your loan balance will increase dramatically with the addition of collection fees. And once you default, the holder of your loan will probably grab a portion of … Read more

Student Loan Debt: The Next Subprime Bubble to Burst?

I just finished watching the Frontline PBS show College, Inc. about for-profit education and the resulting student loan debt. It was estimated that students in for-profit colleges will graduate with double the amount of student loan debt as compared to a traditional university. The default rate was alarming as well. For-profit colleges account for 10% … Read more

3.3 Million Student Loan Borrowers May Now Be At Risk of Identity Theft

This massive student loan identity theft attack was reported by the Wall Street Journal. Company and federal officials said they believed last week’s theft of identity data on 3.3 million people with student loans was the largest-ever breach of such information and could affect as many as 5% of all federal student-loan borrowers. Names, addresses, … Read more

I’m a Grandmother and Getting My Social Security Check Garnished For Student Loans. – Janis

“Dear Steve, I’m a 68 yr old grandma of 2 young (10/14 yr old) grandchildren. I went to college to upgrade my employment status in 1998 or 1999, I don’t remember. I finished in 2000 and at that time had a student loan balance of about 3500.00. Could not find a job and had to … Read more

I Want to Go to Yakima Valley Community College But I Can’t Afford It. – Brianna

“Dear Steve, I am in credit debt at around 20,000 and I would like to attend college at Yakima Valley C.C and I do not have the funds to just quit my job and attend a 2 year program of my choice. Also just purchased a home, but wish I could go to college and … Read more

FAFSA Student Loan Scam to Avoid

This just out of Tennessee: The state deadline for college financial aid is quickly approaching, and state officials are asking parents and students to beware of official-looking letters promising student financial aid information for a fee. Attorney General Bob Cooper and Division of Consumer Affairs Director Mary Clement are urging Tennesseans to be wary of … Read more

Can My Father’s Social Security Be Garnished for My Private Student Loan? – Michael

“Dear Steve, I am a theater major have run out of any options on the private loans I have a private student loan through AES and to make a long story short my loan is now in collections. My dad is 84 and cosigned my loan he is now in a nursing home. I am … Read more

I Owe $100,000 in Student Loan Debt And Might Have to Leave the U.S. My H-1B is Expiring. – Venkat

“Dear Steve, I have been in US from 2002, I have been working full time from 2004. I have been working on my part time MBA from a Top business school from 2008. I am on currently on a H-1B visa now. The green card is no where in sight. I have minimum credit card … Read more

I Want to Get My Credit Card Debt Deferred Until I Graduate And Then Pay It Off Slowly. – Alex

“Dear Steve, Hi, so im a senior as an undergrad in california, i ran my credit card for 4,500 dollars and i also owe money to my organization 2,500 dollars. not including the two medical bills i have each for 100 dollars. I get paid 8 dollars an hour with a job i just started, … Read more

I Went to a Second-Hand College and I’m Deep in Student Loan Debt. – Amber

Amber “Dear Steve, In 1999 I went to a second-hand school that due to a family situation I was unable to finish. At the time I didn’t realize I was taking on a loan that was double the amount of my schooling. I am now recently unemployed with 3 children and my loan is in … Read more

Was My Wells Fargo Private Student Loan Really Discharged in My Bankruptcy? – Linda

“Dear Steve, In 2007, I filed Ch 7 bankruptcy and I was told my private student loan w/ Wells Fargo was not discharged. Move ahead to Sept 2009. I was served papers from a local debt collection lawyer in CO about collecting this debt. I negotiated a settlement and am awaiting to see the final … Read more

Can I Eliminate and Discharge My Student Loans With Bankruptcy? – Matt

Matt “Dear Steve, In April of 2004 I graduated from college with an associates in applied business. Quickly upon graduation i was startled at what i was expected to pay per month for my recent, what I thought was self improving, endeavor. Stuck with the inability to repay these student loans, I really have no … Read more