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Tag Archives: student-loans

My Mother Took Out Loans to Pay for My Education. I Can’t Afford to Pay. – Jasmine

College Tuition Expenses

“Dear Steve, My mother took out loans to fund my education with the best intentions in the world. Unfortunately because of some medical and educational setbacks, it took me 6 years to graduate and I’m sitting on around 100K in student loans, not sure how much is private and how much is federal :( After graduation I was laid off ... Read More »

    Single Parent, Stuck in Low Wage Jobs, Huge Student Loan Debt. – Heather


    “Dear Steve, I am a single parent, sort of an empty nester, but not quite. I have always worked low wage jobs because I don’t know the right people. I thought my brains and work ethic would get me past that. Long story short, I finally graduated college at 40, but I am still working the same dead end job ... Read More »

      How to Really Discharge Your Student Loans in Bankruptcy. Many Can. But Never Try.

      Student Loan Corkboard Concept

      For years we’ve all heard the same message that it’s near darn impossible to discharge student loans in bankruptcy. We’ve heard that the undue hardship standards make it so onerous that expecting a student loan discharge is all but an act of God. But what if that belief was actually more myth than fact? Recently Jason Iuliano, (J.D. Harvard Law ... Read More »

        I Am a Special Education Teacher and Facing a Wage Garnishment for My Student Loans. – Lucinda


        “Dear Steve, I am an special education teacher, been teaching 9 years. My student loans have been garnished, taxes taken as well for the last three years. with the incoming coming out of my paycheck, i lost my apartment twice. The second time, i had lost my teaching certificate for a few months and job position. I am not teaching ... Read More »

          Dead Son’s Student Loans Still Haunt Father

          Student Loan Corkboard Concept

          by Marian Wang ProPublica It’s been four long years for Francisco Reynoso. The California gardener whose son died in a car accident in 2008 left him buried in grief u2014 and in student debt. At last, the bereaved father is getting some resolution. As ProPublica reported in June, Reynoso was saddled with six figures in student loans that he had ... Read More »

            American Households Sinking in Student Loan Debt Says Pew Research Center

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            Student loans have become the sudden modern toxic loan. Subprime mortgages were the last. While government backed student loans can offer borrowers some advantages loan repayment programs, private student loans are grossly unforgiving and leaving more and more people stranded in a life of debt slavery without any solutions on how to break free. Today the Pew Research Center has ... Read More »

              Graduate Students Really Screwed in Congressional Student Loan Deal

              Ready to Collapse

              As part of the deal to keep student loan government subsidized interest rates at the current levels, rather than have them double in July 1, 2012, a deal was struck. But if you are a graduate student, the cost of your education just got a whole lot more expensive as a result. Congratulations. In the past, students pursuing graduate degrees ... Read More »

                Can I Apply for New College Loans if I’m Already in a Bankruptcy? – Nicole

                Ready to Collapse

                “Dear Steve, Already in a chp 13 plan, no problems there. How would enrolling in a grad school program affect my CH 13 plan? I have tried to email/call my atty with no response to this. I am needing either loans and or scholarship. My employer will also reimburse for a small amount of the 20-35K it will take for ... Read More »

                  Father Struggles to Pay Dead Son’s Student Loans

                  Ready to Collapse

                  by Marian Wang, ProPublica, A few months after he buried his son, Francisco Reynoso began getting notices in the mail. Then the debt collectors came calling. “They would say, ‘We don’t care what happened with your son, you have to pay us,'” recalled Reynoso, a gardener from Palmdale, Calif. Reynoso’s son, Freddy, had been the pride of his family and ... Read More »

                    I Can’t File Bankruptcy and My Student Loans Are Killing Me. – Roxanne

                    Ready to Collapse

                    “Dear Steve, I have over 200,000 in federal guaranteed student loans. I live in Bensalem, PA. I make about 1500.00 take home every two weeks. I own a house and owe about 70,000 on it. The house is located in a working class neighborhood. it is cheaper to own then rent so I have not sold the house. I could ... Read More »

                      Student Loans Today are Akin to Debt Slavery. It’s Real and a Life Killer.

                      Ready to Collapse

                      I grew up in an era where we were taught to go to college and get a degree. You would better your life I was told. That was the 1970s. At that time the majority of my peers were headed off to college and the majority would graduate without student loan debt. They had a degree and new hope for ... Read More »

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

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                        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 »

                          Bankruptcy Attorneys Report Major Problems Brewing for Holders of Student Loan Debt

                          The National Association of Consumer Bankruptcy Attorneys conducted a survey of its members. Of the 860 bankruptcy attorneys that participated in the survey, 81 percent said potential clients with student loan debt have increased “significantly” or “somewhat” in the last three-four years. Nearly two out of five of bankruptcy attorneys (39 percent) have seen potential student loan client cases jump ... Read More »

                            CFPB Gets an Earful of Good Suggestions About Student Loan Disclosures

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                            Recently the Consumer Financial Protection Bureau (CFPB) requested feedback from consumers about student loan issues. Advanced results and feedback on the survey are now available. The focus of the CFPB effort is to make information more available to students and potential students so they can make the best and most informed decision possible before falling on the sword for student ... Read More »

                              Interest Rates on Federal Student Loans to Double

                              student loan debt

                              Photo Credit: Bark Interest rates on federal student loans will double unless Congress takes action by this summer to keep the low rates in place. Currently federal student loans pay 3.4% interest but that rate is set to expire this summer. So unless Congress takes action to keep the rates low they will revert back to the old rate of ... Read More »

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