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I’m on the Jim Paris radio show. Listen here!

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Last night (Sunday the 4th), I had the pleasure of being interviewed by Jim Paris, for his radio show, Jim Paris Live. We had a great time talking about student loan repayment: how complicated it is, common Q & A’s and why my background in both private and federal loans (as well as investment advising) has qualified me to provide this unique – and much-needed – service. As you’ll hear, Jim has a knack for picking my brain. And a Continue reading

All about Parent PLUS Loans

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  Recently, I was asked to contribute to U.S. News & Report’s article on Parent PLUS Loans titled, “4 Strategies for Repaying Federal Parent PLUS Loans.” The rules and regulations governing these loans are particularly complex, so I was glad to shed some much-needed light on them (in plain English). Since the article was published, I’ve had many people email me, asking me more questions about their Parent PLUS Loans. So here’s a Q & A format of some of Continue reading

10 reasons to give thanks (!) for student loans

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As you may have noticed, in recent days, there have been numerous news stories highlighting the negative aspects of student loan debt. Student loans have consistently made national headlines, with stories that have highlighted their overwhelmingly complex nature, government attempts at reforming them and wildly complicated repayment terms. Although the student loan industry is in dire need of improvement, student loans actually have many characteristics that are quite positive – but they seem to have been overlooked on a national Continue reading

The latest in predatory lending news (Corinthian Colleges)

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  You might remember my blog about ITT Tech’s getting into hot water with the Consumer Financial Protection Bureau (CFPB), when the latter sued ITT for using predatory lending practices on its students. That was back in February. Now here we are in September, and a similar story is in the news — only this time, it involves Corinthian Colleges. This past Tuesday, the Consumer Financial Protection Bureau sued Corinthian Colleges for using “strong arm” tactics to collect from its Continue reading

Why are student loans so complicated?

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  A common question I get from borrowers across the U.S. is this: Why are my student loans so complicated! Honestly, it’s because of many reasons. One of the main reasons is that there are many different types of loans, and many different lenders. Each lender has different rules for how it wants to be paid back, and each offers different types of repayment assistance. To boot, each lender is not so good at explaining precisely how they want to Continue reading

Update on “Bank on Students Emergency Loan Refinancing Act”

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  Today, Senator Elizabeth Warren hosted a community call, which discussed her Bank on Students Emergency Loan Refinancing Act. The bill lets qualified borrowers refinance existing public and private loans to the same lower rates that Congress agreed on last year for new federal loans. If passed, it should give borrowers the ability to refinance at around 4%, depending on the loan type.   What Happens Next The Senate is going to have another vote on Bank on Students next Continue reading

Quick note about the “Relief for Underwater Student Borrowers Act”

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The News In late July of this year, U.S. House Representatives Frederica Wilson (FL-24) and Mark Pocan (WI-02) introduced the “Relief for Underwater Student Borrowers Act, H.R. 5239.” This bill aims to give the borrowers who have been granted debt forgiveness – i.e. the ones who’ve made 20 years of consistent payments through one of the U.S. Department of Education’s Income Based repayment assistance programs – a break from being taxed on the amount forgiven.   Why It Matters Presently, Continue reading

Wage Garnishment? Here’s What to Do

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  Fact: The U.S. Department of Education can garnish up to 15% of  your wages, as a way to recover the money you owed on a defaulted student loan. Nobody wants to be in the position of having their wages garnished, but if you are, there is still plenty you can do to get your student loans (and credit) back in good shape.   Steer Clear of Debt Relief Agencies For starters, avoid any debt relief agency that claims they Continue reading

The Truth about “Debt Relief” Agencies

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  Presently, there are countless borrowers across the U.S. seeking relief from their student loan debt. And, unfortunately, an entire industry has noticed their vulnerability, and wasted no time in taking advantage of their youthful inexperience, and their search for guidance and financial breathing room. This is the shady student loan “debt relief” industry, and they usually bring borrowers anything but relief! Working with a debt relief agency often wrecks financial havoc on a borrower’s finances, since debt relief agents Continue reading

How to Consolidate your Federal Loans: for FREE!

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  Most borrowers do not realize that they can consolidate their federal loans for free, and unethical debt relief agencies take have taken full advantage of this fact. They’ve been charging borrowers expensive closing costs + monthly fees, all while claiming that consolidating federal student loans is something that’s too difficult to attempt alone, and can only be done through their agency. Well, enough of that. Read on to see just how easy it is to consolidate your federal student loans (for free!):   Federal Student Continue reading

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