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Tag Archives: student-loans

I Thought My Art Institute Student Loans Were Eliminated in My Bankruptcy? – Stephanie

Where does it hurt nurse question

Question: Dear Steve, I went to the Art Institute of California for video production. I graduated in December of 2009. Due to life I had not been able to pay my loans. The went from being 54,000 when I graduated to over a 120,000 last year. Most of the loans were private and I got them discharged in bankruptcy at ... Read More »

    I Have $210K of Student Loans, But Debt Collectors Stopped Calling. Am I Free?

    mortgages_vs._student_loans

    Almost everyone looks back at something they did when they were younger and thinks, “Yeah, that was stupid.” That can be a particularly painful thought when that something involves taking on student loan debt. Unfortunately, millions of people know that pain, and because of the laws unique to student loans, they may have to live with that pain for a very, ... Read More »

      Ask The Expert: Why Can My Girlfriend Get Her Student Loans Fixed And I Can’t?

      Adult Ed - Questions

      Question: My girlfriend and I both have lots of student loans. We Googled “student loan consolidation” and got some sketchy-looking websites. But we’re desperate, so we entered some info into some fields. They said she could get her loans consolidated but mine couldn’t be. Is this for real? — Bill in Iowa Howard Dvorkin CPA answers… After getting some information from ... Read More »

        Tell us about your student debt stress

        201505_cfpb-student-debt-stress-header

        May 14 2015 By Seth Frotman If you are paying back student loans, you are not alone. Over 40 million Americans are repaying more than $ 1.2 trillion in outstanding student loan debt. Significant debt can have a domino effect on the major choices you make in your life: whether to take a particular job, whether to move, whether to ... Read More »

          5 Student Loan Terms Every Borrower Should Know

          Money and book

          If you have student loan debt, you’ve probably noticed that your loans have a language all their own – and the last thing you want to do is spend your free time learning it. The good news is that you don’t need to be fluent in loan lingo in order to navigate the world of education debt – but familiarizing yourself with ... Read More »

            The Way We Look at Student Loan Debt Is Dangerously Wrong

            math

            Another calendar quarter has passed and the latest edition of the Federal Reserve Bank of New York’s Report on Household Debt and Credit is on the wire. As usual, there’s plenty of news to pick apart. Take, for example, the reported $ 117 billion increase in average household debt in the final three months of 2014. Some might say that ... Read More »

              6 Reasons to Love (Okay, Grudgingly Accept) Your Student Loans

              Ready to Collapse

              Valentine’s Day is coming up, but we know you don’t want to put a ring on your student loans. Even if you can’t love them, here are six good reasons to value your loans. A college degree is still good value. A recent study by the Federal Reserve Bank of New York affirms what we have long said: going to ... Read More »

                Student Loan Debt Relief and Credit Counselors in 2015 and Beyond

                signing

                Legitimate Debt relief services are often boiled down to 3 categories, which include nonprofit credit counseling agencies, debt negotiators, and bankruptcy attorneys. I want to focus on the role of today’s credit counselors, and how they can fill a larger pair of shoes this year and beyond, with a keen focus on student debt. Student loan debt has rightly been ... Read More »

                  What if I Just Pay Less Than They Want on My Student Loans

                  To get the real answers, do the math and listen to what it has to say. Math does not lie.

                  “Dear Steve, I received my master’s in 2011. I worked in my field for about 6 months until the job was dissolved due to a change in contract. During this time my son had major health problems and now I say home with him during the day and work part time in the evenings. My wife make good money but ... Read More »

                    Student Loans Will Kill Your Dreams of Home Ownership

                    Portrait scary monster clown

                    The vast majority of consumers in America make important financial decisions basically by-the-seat-of-their-pants. I know people mean well but it is commonly bad advice and accepted assumptions that cause a bright financial future to be scuppered. Let’s take the issue of student loans for example. Loads of people blindly regurgitate “student loans are good debt” so much so they believe ... Read More »

                      Will My Parents Have to Pay My Student Loans? – Roger

                      loans_summary

                      “Dear Steve, Hi, I have some student loan debt (a total of $82,000) and I was wondering if something should happen to me, would my parents need to pay it off? I have always wondered this, because well frankly stuff happens and we don’t always know what might happen tomorrow. I am including a copy of the types of loans ... Read More »

                        Why Most Student Loan Debt Advice is Bad or Just Wrong

                        money down the drain narrow

                        As a consumer debt expert it is exceedingly frustrating hearing from people all around the country on a daily basis who are seeking good help for their student loan troubles, only to get really bad advice, or worse, ripped off. The scammers are ahead of the experts on selling student loan solutions. It’s not unusual at all for me hear ... Read More »

                          Student Loans Continue to be Ticking Time Bomb

                          stressed man

                          If you could see me at the moment you’d find a man blue in the face. Literally blue! And I’m blue from talking about the dangers of student loans over the past years and having it fall of deaf ears. Recent data from the Federal Reserve Bank of New York and Equifax shows just how dangerous student loans are. In ... Read More »

                            I Have Stage 4 Colon Cancer and Student Loans. – Maria

                            'Cancer' highlighted in green

                            “Dear Steve, 2001 got private student loan grandfather co signed. Grad 2007 after a divorce and a child born in 2008 I had finical hardship. Ive paid on time in 2012 . 2013 diagnosed with stage 4 colon cancer im on full disability, my co borrower is now 87 and on ssa as well. Its 160 days past due. What ... Read More »

                              Student Loan Debt Robs Many of Retirement

                              Screen Shot 2013-08-20 at 4.20.56 PM

                              A new report out by the public policy organization Demos, confirms what I’ve feared for too long. Student loan debt robs people of retirement wealth. The growing burden of student loan debt and the limited options to manage that debt are leading to more and more people becoming so caught up in financial slavery that their very ability to properly ... Read More »

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