Home > Tag Archives: student loan default

Tag Archives: student loan default

What Can I Do if I’m Delinquent on My Federal and Private Student Loans?

student loan default

Q: What are my debt relief options if I am delinquent on both my federal student loans and my private student loans? A: Falling behind on your student loan payments is a problem far too common. I speak with people on a frequent basis facing delinquency in payment of their student loans. One of the problems I hear most often ... Read More »

    Why Are Borrowers With Less Student Loan Debt More Likely To Default?


    (Xavier J. Peg ☠) Just days after the Federal Reserve Bank of New York showed that student loan delinquency rates were once again on the rise, a new Fed report finds it’s student loan borrowers with the lowest levels of debt who typically are the most delinquent. The FRBNY reports that it’s often the people with the least amount of ... Read More »

      Student Loan Default Rates Really Suck

      student loan default rates

      Today, the New York Fed released the Quarterly Report on Household Debt and Credit for the fourth quarter of 2014. The report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data. Overall, aggregate balances increased by $117 billion, or 1.0 percent, boosted by increases in all credit ... Read More »

        How to Borrow Your Way Out of a Student Loan Default and Lower Your Payment

        The actual granular data presents a surprising reality.

        I can certainly understand why issues surrounding student loans seem like an unknown foreign language for many people. While the information is out there it seems that nobody knows what to make of it. Almost the worst place to turn for advice seems to be the student loan debt collectors. In all fairness it just might not be their job ... Read More »

          One of Every Four Student Loans is in Default. National Economic Crisis Boiling.

          Screen Shot 2012-03-07 at 11.54.28 AM

          For many, many years now I’ve been the chicken little saying the sky is falling when it comes to student loan debt. Ever since the bankruptcy code was changed to prohibit the discharge of student loan debt, both government and private student loans, a national crisis has been building pressure. Student loans are looked at as “good debt” and people ... Read More »

            Negatives on Credit Report from Student Loans

            Ready to Collapse

            I have negatives on my credit report (CR) from two types of debt. Nine of the negatives are from student loans that I thought were in deferment but where not. Once I found out I made a payment to bring the loans current and now currently in deferment. The other negative is from cancellation of credit card debt. All the ... Read More »

              I Enrolled in Everest University In Tampa But Didn’t Finish. – Kristin

              Ready to Collapse

              “Dear Steve, I enrolled in Everest University In Tampa Florida In November 2007. Due to family financial problems and an unexpected death I was unable to finish. With the job that I have now I am just making ends meet. I have however started a small savings account in hopes of saving enough money to take some classes at my ... Read More »

                I Had No Idea I Was Selling My Soul When I Signed for the Student Loan. – Leslie

                Ready to Collapse

                “Dear Steve, I graduated from college in 1995 with approximately 40,000 in debt. Unfortunately, I haven’t been able to pay it off and they went into default. The loans were sold repeatedly and all sorts of fees were tacked onto the balance. My student loan debt now exceeds $107,000. Would someone like me be eligible for the IBR program even ... Read More »

                  My Old Student Loans are Holding Me Down. – Sharon

                  Ready to Collapse

                  “Dear Steve, I took a quick, 9 month accounting course back in 1998, but through lack of employment, and neglect. the student loan for which I took to pay for the course has been in default for most of the past 11 years. After completing the course in which I maintained a 4.0 gpa, I was only able to achieve ... Read More »

                    What Can I Do to Get My Federal Student Loan Out of Default? – Ian

                    Ready to Collapse

                    “Dear Steve, I have a federal student loan which has been in default for well over a year. The debt collection agency is calling and threatening to garnish my wages; I obviously do not want this to happen. I would like to get my loan out of default so I can take advantage of all the repayment options available to ... Read More »

                      I Have No Debt But My Student Loans Are Hurting My Credit Score. – Maria

                      Ready to Collapse

                      “Dear Steve, Currently trying to buy a home Fresh Grad 1st year New Hire Paid off all debt–except for student loans ($40000) I have been working very hard at imporving my credit since I have obtianed a job in healthcare fresh out of college (’08). I was at 619 and was enrolled in classes this semester. I spoke with my ... Read More »

                        Lauren is in a Fabulous Foreign Country and Can’t Afford Her Student Loans

                        Ready to Collapse

                        “Dear Steve, Okay, I am currently a grad student in a foreign country which is cool and wonderful and educational and definitely worth the money. However, it’s costing me money. I currently have a $77,000 price tag in student loans and would like to reduce this amount. Because I am overseas it is very difficult to get a job and ... Read More »

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