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Tag Archives: student-loans

Proposed Student Loan Changes May Make It Easier to Pay

Student Loan Corkboard Concept

The Department of Education will publicly issue a notice of proposed rulemaking tomorrow that could make it easier for people with loans from the Federal Perkins Loan (Perkins) Program, Federal Family Education Loan (FFEL) Program, and William D. Ford Federal Direct Loan (Direct Loan) Programs. Consumers wishing to offer any public comment on these proposed rules may do so visiting ... Read More »

    Big Case Proving Ability to Discharge Student Loans in Bankruptcy

    College Tuition Expenses

    Times are changing when it comes to being able to discharge student loans in bankruptcy. And while the road has been paved by a few who have been successful, one 2013 case decided by the U.S. Appeals Court in the Ninth Circuit seems like it gives hope to those who want to discharge their student loans through bankruptcy. The Ninth ... Read More »

      The Growing Impossibility of Affordable Student Loans

      college costs

      Student loan debt is an impossible crisis that is the result of the divergence of society assumptions and affordability. The chart below clearly shows how the cost of both a public and private college education, while assumed to be the path to success, is becoming out of reach. The chart shows the inflation adjusted increases in costs and as you ... Read More »

        Student Loan Infographic. Yep, Student Loans Suck.

        Screen Shot 2013-06-14 at 9.21.03 AM

        Read More »

          I Am Terrified I May Have to Pay Taxes on My Forgiven Student Loan Debt. – Elizabeth


          “Dear Steve, I am 27 years old and have a Master’s Degree in Social Work. All of my loans are government loans (no private loans). I accrued all of my debt (approximately $89,000) in graduate school. As a social worker, I do not make much per year and have consolidated my loans and am on the income-based repayment plan, paying ... Read More »

            Student Loan Interest Rates to Double and Might Go Variable


            If Congress does not take action the rate subsidized student loan holders pay will double July 1, 2013 from 3.4% to 6.8%. Student loan interest rates have been set by Congress and kept artificially low as a way to encourage education. But a vote in the House yesterday about a Republican proposal is set to have some very dangerous and ... Read More »

              Maybe You Should Not Go to College


              I hear all the arguments about the value of a college education. And I agree with much of that. But the fact is not everyone who goes to college and takes on student loan debt graduates or even graduates into a field that pays enough to service the student loan debt. In fact 75 percent of people with student loan ... Read More »

                My Ex-Husband and I Consolidated Our Student Loans. I’m Still Paying. – Marie


                “Dear Steve, My ex-husband and I consolidated our student loans back in 2004. In our divorce in 2012, I am required to pay on the joint loans for 10 years then in reverts to him. He is currently paying individual loans of ours. He makes considerably more than I do (about $45,000/yr and I’m around $25,000/yr) and I am unable ... Read More »

                  We Owe $700,000 in Student Loans And Need Help! – Laura

                  broken piggybank with dollar notes

                  “Dear Steve, We are considering bankruptcy and have a huge student loan of over $700,000 that has been in forbearance for 24 months. We have only paid small monthly payments in the past because of being self-employed and not making a lot of money. The original amount was about $200,000 and the rest is interest. My husband is 51 & ... Read More »

                    I am a Disabled Student on SSI. My School is Asking Me to Pay. – Devon

                    past due envelope

                    “Dear Steve, I am a disabled student. I am currently working on my Master’s. Some of my classes and financial aid has gotten messed up. Now 2 schools are making me pay for classes. The cost adds up to about $7000. I receive SSI and can barely afford my bills. Is there anyway I can try to fix this? I ... Read More »

                      The Ultimate Guide to Dealing With Student Loans You Can’t Afford


                      More and more student loans are becoming the most problematic debt anyone can own. At some point in the past couple of decade student loans when from a leg up to financial slavery. There is a lot of information out there about how to deal with troublesome student loan debt and payments. But I thought I’d put together the ultimate ... Read More »

                        My Life is on Hold Because of My Student Loan Debt. – Sandy

                        help woman

                        “Dear Steve, Deep in student loan debt ~ Approaching $300,000 ( I cannot go and look at the exact total as it will freak me out) The federal ones are manageable $136/month AES $95 a month (been paying over 3 years and it has barely made a dent in the loan payoff total) Sallie Mae – $1170 a month, and ... Read More »

                          I Tried Making Student Loan Payments But They Are Rude. – Annette

                          angry caller copy

                          “Dear Steve, I owe student loans and I have even tried calling the compainies to make future payment arrangements, but for some reason the people are so rude and in considerate. Once I stated making payments of a large sum and was promised after 6 months of payments I could be placed into a loan Deferment program but after I ... Read More »

                            I Took Out a Student Loan to Cover Life Expenses and be a Mom. – Layla


                            “Dear Steve, In 2008 I took out a student loan to help me pay for expenses and be a mom without exhausting myself doing it. I asked for $10000 and the guy convinced me to go with the full amount I was approved for which was $23000. I was not able to graduate and now they are knocking down my ... Read More »

                              Ticking Student Loan Time Bomb One Step Closer to Exploding

                              student loan debt TU

                              A recent TransUnion study has revealed that more than half of student loan accounts are in deferred status, where the repayment of the principal and interest of the loan is temporarily delayed. In my experience the primary reason people do this is when the full student loan payments are unaffordable and they need falsely perceived breathing room. Deferred loans now ... Read More »

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