A few months ago, Steve Rhode posted a thought-provoking blog titled “The Student Loan Bubble That Many Don’t Want to See.” He argued that student-loan indebtedness is in a bubble that will soon burst, creating two huge problems: First, when the student-loan market collapses, postsecondary education will be out of reach for most people, which …
Question: Dear Steve, I have a student loan that has more than doubled in size, from 45,000.00 to now 98,000.00. My dad and I have tried to pay this off 3 times with no luck. I am in default on this loan and would be happy to pay a portion of this loan. I am …
Question: Dear Steve, My husband had a student loan in 98 we filed bankruptcy and it was just over from 5 years ago now they are garnishing his pay 15%. The school closed 2 years after he took out this loan. They took his taxes how do we get copies from back in 98-2001? How …
Question: Dear Steve, I am 26 with a daughter and a wife and a LOT of student loan debt. I have been paying my private loans on time and am up to date there but until just recently, I was unaware I had a federal loan in default that I was not paying. I failed …
Question: Dear Steve, I have taken out loans to pay for college. Several of them are from Sallie Mae, which is now Navient. Over the past 20 months, I have been unemployed for 14 of them. I was initially laid off in Sept of 2014, and again in Oct of 2015 my 6 month contract …
By Mark Tetzlaff, JD, MBA, MAR Everyone agrees that student loan debt is spiraling out of control. Analysts cite many reasons, but offer few remedies. In my view, the reason for no offers of plausible solutions is that experts have failed to pinpoint the primary cause—Congress passing the Higher Education Amendments of 1992 (HEA-92) and …
Question: Dear Steve, I am over $150,000 in debt from students loans, approximately 100k is from private student loans, 4 separate loans, while the remainder is various federal loans. I am 24 years old and got this debt from undergraduate education where I got a sociology degree and now at my first job make less …
Question: Dear Steve, I have a mild psychiatric disorder, and I have my total and permanent disability form accepted. However, I found out that for a three year monitoring period, if I make money over the poverty level, in three years I will have to go back to paying it back. While I’m a responsible …
Question: Dear Steve, My husband and I have $260,000 in student loan debt, we’ve paid $35,000 toward this debt in the last 5 years and it’s gone up $30,000. My husband makes $36,000 a year (I am, currently, a SAHM who cannot find a job), we are obviously suffocating in our debt. I cannot find …
Student debt comes in all shapes and sizes, but everyone should be concerned with their student loans, whether their balances are big or small. It doesn’t matter if you have competitive rates and will be free of debt with very little effort, or if decades of monthly payments stand in the way of your financial …