How to Save the World and Make a Buck Too
I ain't no movie star, but I've got a web-cam so I'm dangerous!
Ditch Your Debt Gremlin
I love this video from my friends at the Project on Student Debt!
All I Want For Christmas is an Affordable Education and an Easy Bake Oven
Dear Santa, Thank you for dedicating yourself to making futures bright! I hope I can contribute to your mission by providing this wish list. Santa please: Restore consumer protections and fair bankruptcy rights for private student loan borrowers Prevent the taxation of loan balances forgiven through Income-Based Repayment, and Improve ease of access to Income-Based Repayment and Public Service Loan Forgiveness Also, please consider organizing other mythical heroes in a campaign to reduce the cost of education. It strikes me that…
Public Service Loan Forgiveness is Secure(ish)
The folks in Washington, DC are looking to save money wherever they can. I've been hearing from a lot of worried borrowers wondering, "Can I count on Public Service Loan Forgiveness to last?" My answer? Um, maybe. Probably. I think so. Public Service Loan Forgiveness doesn't exactly cost money Because only Federal Direct Loans are eligible for Public Service Loan Forgiveness, the United States Department of Treasury never writes a check to anyone. Instead, when a borrower qualifies, the…
5 Traps for Unwary Student Loan Borrowers
On the one hand, Public Service Loan Forgiveness is easy. Just 1) make the right kind of payment, 2) on the right kind of loan, 3) while you are in the right kind of job. 4) Repeat 120 times, and 5) prove it. But the devil is in the details. Payments made under many “standard” repayment plans don’t count towards forgiveness. Payments that are more than 15 days late don’t count toward forgiveness. Many borrowers must consolidate or reconsolidate into Federal Direct Loans in order to have the “right kind of loan.”…
