Department of Education Making School Choice More Important Than Student Loans

The latest press release out from the Department of Education makes no mention of the 14% or so budget cuts they will face and no new hope for federal student loan debtors that attention will be paid to their plight. If students come first, as they say, then student debtors come last. Funding will be … Read more

Education Department Releases New Graduate Earnings Data for Career College Programs

Today, for the first time, the U.S. Department of Education released data showing the typical earnings of graduates of the thousands of career training programs offered by colleges across the country. This release continues the Obama Administration’s efforts to help students make more informed decisions about college enrollment and to protect students from career training … Read more

Why is the Department of Education Being so Opaque on Student Loans?

Over the past few months I’ve attempted to gets statistics, facts, and figures from the Department of Education to better understand the performance of their income based repayment programs and get better clarity on their collection process for delinquent student loans. After multiple Freedom of Information Act requests the results are less than optimal. To … Read more

Student Loans Getting Shuffled All Over. Leaves Many Confused.

by Marian Wang ProPublica The Department of Education has been transferring large batches of federal student loans to new loan-servicing companies — leaving in the lurch some borrowers who are suddenly encountering problems with their loans, such as payments that are mysteriously adjusted up or down. The switch, which has been going on for months … Read more

Where’s The Best Place To Get Information To Scam Financial Aid? Jail Of Course!

Student Loan Fraud Is Stupid A former inmate at Leath, Correctional Institution in South Carolina, Michelle Owens, was sentenced on September 28, 2011 for violations of federal student financial aid and mail fraud. Let me start this article off with a small tidbit of information for all of you scamming or thinking about scamming federal … Read more

This Just In: $4 Million Pay Phone Fraud Scam …. And Pay Phones Still Exist!

I’m a proud Maryland native but after reading a recent press release of a Bethesda, Maryland resident’s pay phone fraud scheme, I can’t help but feel embarrassed that this took place so close to my old home. This must be what people from New Jersey feel like every week after an airing of The Jersey … Read more

“I Have Three Degrees But I’m Broke And Miserable”

Theresa “Dear Steve, I have $75,000 in school loans and I have one job bringing in $360 per week after taxes and another job where I make $150 per week after taxes. My car payment is $251, rent is $600, utilities are $130, Food is $80, and water is $45. I have a 401(k) with … Read more

I Need Some Advice and Referrals For Bankruptcy and a Debt Financial Counselor. – Georgina

Georgina “Dear Steve, I owe a total of about 130k in cc & student loan debt. Student loans account for 70k. not sure how to start repay or bankrupy. I’m just 2 years back in workforce now. I make 50k yr with room for increase near future. Help, overwhelmed I need some referrals for debt … Read more

Pam Is Out Of Cash And Out Of Time

“Dear Steve, I am no longer making ends meet. I have my daughters Sallie Mae $20,000 loan payments starting in one month, I can only afford to put little bits of gas in my car at a time, I have a $5,000 car loan and about $12,000 in credit cards. I have not bought anything … Read more