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When Is A Student Loan Not A Student Loan?

Submitted by Anonymous (not verified) on Fri, 05/08/2015 - 21:54

What if You Can’t Pay Your Student Loans?

Submitted by Anonymous (not verified) on Fri, 05/08/2015 - 05:14

Recently I was invited to join a panel of some of the leading personal finance voices on the Money Mastermind Show.
The show, a weekly roundtable on personal finance issues, centered around student loan options. I was lucky to lend my voice to the show, which also included the following regular panelists:

Interest Rates on New Student Loans Expected to Drop

Submitted by Anonymous (not verified) on Wed, 05/06/2015 - 19:34

Bloomberg is reporting that the amount you pay on new federal student loans is going to drop by half a percentage point for the upcoming academic year when they are reset in July 2015.
According to Bloomberg:

Are Student Loan Lawyers Worth The Money?

Submitted by Anonymous (not verified) on Mon, 04/20/2015 - 10:05

When I tell people that I’m a student loan lawyer, I usually get a strange look. That’s followed by something like, “I didn’t think you could do anything about student loans.”
It’s as if people are reading from a script, over and over again.
Josh Cohen and I spend a lot of time training lawyers how to practice in the field of student loan law. But a lot more attorneys wonder whether there’s anything they can do to help people.

What Happens When You Default On Federal Student Loans

Submitted by Anonymous (not verified) on Tue, 04/14/2015 - 15:49

Falling behind on your federal student loans is like walking down a long, dark hallway.
You have no idea where you’re headed, and there’s no way to know what’s in your way.
Today’s episode of The Student Loan Show helps shine a light, banishing the darkness so you have a better understanding of what’s going on.
In this 19 minute episode we talk about:

The Modern Rules of Student Loan Repayment

Submitted by Anonymous (not verified) on Mon, 04/13/2015 - 10:30

Years ago, student loans were easier to deal with.
You graduated, got a job, and paid off your loans in 10 years – sooner, if you got a good enough job.
But even for people with “normal” jobs, repaying a student loan was a short-term inconvenience that led to a better future.
Nowadays it’s not so simple. College is more expensive than ever, and we’re forced to use student loans to cover the majority of it. By the time we graduate, we’re looking at tens of thousands of dollars in debt.

Do These 4 Things Before Taking Private Student Loans

Submitted by Anonymous (not verified) on Tue, 04/07/2015 - 14:00

Paying for college has never been tougher.
When it comes to figuring out how to come up with tuition, you may be tempted to take on a private student loan.
It’s quick and easy, but it’s also a dangerous dance with the devil. With no federal programs to make repayment easier, private student loans can wreck you financially for years to come.
In this episode of The Student Loan Show we talk about the 4 things you should be doing before taking out a private student loan.

How to Negotiate a Credit Card Debt if You Are Being Sued

Submitted by Anonymous (not verified) on Mon, 04/06/2015 - 10:05

When you go past due on a credit card, the worst threat a creditor can make is that they will sue you.
If the creditor won’t work with you then there’s a good chance that lawsuit will show up at your doorstep one day.
Now you’ve got a real problem: instead of just getting collection calls and letters, you’re at risk of a judgment against you.
What do you do now? Is it too late to settle the credit card debt and make it go away?
If you’re organized and proactive, you can still settle the debt and avoid the judgment. Here are our best tips for making it happen.

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