An Easier Way to Get Your Private Student Loan Problem Fixed
I love reading the New York Times and this morning I was treated to an Editorial reflecting the Time's opinion that the Consumer Financial Protection Bureau is right to take on the private student loan industry. True dat! Private loans are risky and expensive and lack the flexible repayment provisions and borrower protections that come with federal student loans. If you have a problem with a private student loan, you now have somewhere to turn for help. The Consumer Financial Protection Bureau's complaint…
The Secret Private Student Lenders, Servicers, and Debt Collectors Aren’t Telling Us
The Consumer Financial Protection Bureau is now available to assist student loan borrowers dealing private student loan companies, servicers, and debt collectors. Ask a question of lodge a complaint at www.consumerfinance.gov/complaint or call 1-855-411-CFPB. I'm guessing their phone will be ringing off the hook.
Have Rich Parents or Play the Lotto
My thanks to College Humor.com and an astute financial aid administrator for making me aware of this hilarity! See more at CollegeHumor
Obama’s Proposed Budget Seeks to Prevent Doubling of Student Loan Interest Rate
The Obama Administration's budget request to Congress for fiscal year 2013 includes several proposals related to student loans. In the proposed budget, the President recommends extending the 3.4% interest rate on undergraduate Subsidized Stafford student loans for one year, preventing the interest rate from doubling to 6.8 % on July 1. The budget further proposes eliminating the interest subsidy for borrowers who remain in-school beyond 150 percent of their program length. The administration estimates that this would save $1.8…
Roundtable on Public Service Loan Forgiveness with Congressman Sarbanes
Tomorrow the Department of Education will release the long awaited Public Service Loan Forgiveness Employment Verification Form. A roundtable discussion on Public Service Loan Forgiveness will be held as well at the University of Maryland, Baltimore. Participating in the discussion will be Congressman John Sarbanes, U.S. Under Secretary of Education Martha Kanter, and Assistant Vice President, Student Financial Assistance & Education Patricia Scott. Tuesday, January 31st, 12:30pm University of Maryland, Baltimore Read…
