OMG! Congress cares about student loan borrowers? Pinch me!
A can of worms won't open itself. But, Republican members of the House Committee on Education and Workforce want us to tell them about the problems we have with Direct Loan servicing! No, really. The lawmakers are asking that we the borrowers share our experiences related to loan rehabilitation, debt collection, privacy concerns, and poor customer service. This will surely be a case of be careful what you ask for. Here's our chance, y'all. Post your comments through the committee's Facebook…
Video: Breaking Down Federal Student Loan Repayment
In this recent webinar hosted by my friends at iGrad, I break down each federal student loan repayment plan, so that borrowers can understand what choices they can make and the pros and cons of each available option. Recorded on March 27, 2012
A Student Loan Cartoon to Make You Spit Out Your Coffee
© Tribune Media Services, Inc. All Rights Reserved. Reprinted with permission. Further distribution of this material strictly prohibited without additional permission. This is the year I start borrowing Parent PLUS loans to help my eldest daughter pay for college. Assuming I don't make a million dollars as a debt expert*, my own student loans will be paid off around 2028. My daugther will be 34 at that point (I'll be 58). Funny, no? Yes! Walt Handelsman is the two-time Pulitzer Prize-winning nationally syndicated editorial…
Heather Disses Private Student Loans All Official Like
Usually I try to use my goofiest Mr. Mackey voice when I'm dissing on private student loans, but when the Consumer Financial Protection Bureau invited comment to inform their private student loan policy agenda, I decided it was time to get serious. Here's the text of what I submitted. All the comments will ultimately be posted on regulations.gov Comment in Response to Request for Information Regarding Private Education Loans and Private Educational Lenders Regarding Docket No.: CFPB-2011-0037 Thank you for requesting input regarding…
Law School Association Highlights Uncertainty About Access to Repayment Improvements
Heads up, Class of 2012! The following letter was sent by Susan Prager, Executive Director of the American Association of Law Schools, to law school deans. Ms. Prager identifies the uncertainty surrounding the implementation of President Obama's announced improvements to student loan repayment calculations. A negotiated rulemaking committee is currently considering these and other regulatory questions affecting student loan borrowers. Some members of the Class of 2012 may need to take action now (with the help of their…
