GL Advisor: where’d they go?

For the past few months, I have been receiving many phone calls from worried student loan borrowers concerning GL Advisor. Apparently, this agency, which was designed to help borrowers manage their student debt, has been unreachable for weeks. Unfortunately, this does not surprise me that much — but it did just a little! While scams … Read more

About the “Fairness for Struggling Students Act of 2015”

This month, 13 senators cosponsored the “Fairness for Struggling Students Act of 2015.” Through the passing of this bill, these senators intend to remove the bankruptcy immunities that have made private student loans impervious to being discharged through the process of bankruptcy. I’ve always held that applying bankruptcy immunity to private student loans is unfair, … Read more

Student loan speaks on the Michael Cohen radio show

This morning, I had the pleasure of being the featured guest on Michael Cohen’s radio show. You can click here to listen to the interview. I really enjoyed sharing helpful information that I usually don’t get to share, particularly some little-known facts about student loan delinquency, and how it greatly differs from being delinquent (i.e. … Read more

Why are student loans so complicated?

  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 … Read more

Update on “Bank on Students Emergency Loan Refinancing Act”

    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 … Read more

Wage Garnishment? Here’s What to Do

    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 … Read more

The Truth about “Debt Relief” Agencies

  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 … Read more

Obama’s Executive Order on Student Loans

  In June of this year, Obama signed an Executive Order on student loans, aimed to provide some much-needed debt relief to borrowers. Since then, there have been many complex articles written about the topic, but what you need to know is actually quite simple. All things considered, it’s all good news. It’ll either improve your student … Read more

What to do if You’ve Been Scammed by a Student Loan Debt Relief Agency

  I receive many, many emails from borrowers who fear they’ve been scammed by a debt relief agency. Usually, their emails arrive after they’ve been pressured into giving their personal information to a debt relief sales rep, and their questions sound something like this: ————————— Dear Jan, I just read your “9 Ways to spot … Read more

5 Tips for Managing Your Student Debt

  While the media goes on (and on) about what has gone wrong with student loan debt, I encourage you to take the road less traveled, and focus on what can go right. You have the ability to produce a HUGE positive impact on your financial health, simply by taking your focus away from the media, … Read more