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CFPB Vomits On Student Loan Programs Both Private and Federal

CFPB Vomits On Student Loan Programs Both Private and Federal

The Consumer Financial Protection Bureau published information in the Federal Register today that shows how screwed up student loan programs are. The data and facts released are enough to make you give up hope the student loan programs can ever be fixed. Indeed not fixed with one-time forgiveness. I will do my best to summarize …

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The Student Loan Program Is Designed to Shovel Federal Money to Colleges at Students’ Expense

The Student Loan Program Is Designed to Shovel Federal Money to Colleges at Students’ Expense

Years ago, I traveled through central Uganda in a Land Rover, accompanied by a native guide. We came around a curve in the road and surprised a large troop of baboons. All the baboons ran away. Large and small, the whole group fled into the woods. All but one. The largest baboon was reclining against …

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Want to Know How FUBAR Federal Student Loans Are? Read This.

Federal Student Loans are so FUBAR

Betsy DeVos, the Wicked Witch of the Midwest, was perhaps the most despised member of President Trump’s cabinet. As Trump’s Education Secretary, she coddled the for-profit college industry and (in my opinion) bungled the Public Service Loan Forgiveness (PSLF) program. Nevertheless, in a speech delivered in November 2018, DeVos revealed to the nation just how …

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We’ve Been to Credit Counseling But Should We File For Bankruptcy?

Dear Steve Hi! I am a piano teacher, and due to the bad economy have very few students, even though I am used to having plenty. We just moved because we could no longer afford where we lived. We gave up our house in a deed in lieu of foreclosure. My husband took a cut …

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What I’m Reading Today – 11-24-2020

reading library

Since I spend my day researching important consumer debt issues, I thought I’d share with you the material that I found most fascinating today: Student Loan Losses Seen Costing U.S. More Than $400 Billion “The U.S. government stands to lose more than $400 billion from the federal student loan program, an internal analysis shows, approaching …

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