3 Things People with Private Student Loans Should Tell Their Senators
It is time for the Senate to help consumers in need of financial protections. But some Senators are instead trying to block confirmation of a Consumer Financial Protection Bureau Director because they don't like the way the Consumer Financial Protection Bureau is set up. I swear those people on Capitol Hill are making me nuts. Now is a great time to give your Senators a piece of your mind. Here are the 3 things I told my Senators: Students and their families need help with their private student loans now. …
Why Heather Jarvis Thinks the Consumer Financial Protection Bureau is Really Asking For It
How are those private student loans working out for you? The United States government wants to know. I’m serious! The Consumer Financial Protection Bureau announced today that they want to know “more about how the private student loan market functions (or doesn’t), how and why you got a private loan, and how it is (or is not) working for you.” Shut the front door. Now it’s up to us to make sure the Consumer Financial Protection Bureau hears from a wide variety of perspectives. I’m quite sure…
Where Are My Student Loans?
Heather's note: My thanks to Jeff Hanson for sharing this guest post. Jeff has a lot of fancy letters after his name, and he knows his stuff! Obtaining Your Student Loan History by Jeffrey E. Hanson, Ph.D. Managing repayment of your student loans will be easier if you have a complete listing of the loans you have borrowed along with information about how much you owe, terms of each loan, and who you must repay. The following information can help you create that comprehensive listing of your loans. Federal Student Loans You can obtain…
Will the President’s Student Loan Initiatives Help You?
On October 25, 2011, the Obama administration announced executive orders designed to assist struggling student loan borrowers in spite of Congressional inaction. The President announced two new student loan initiatives: Pay As You Earn, making the Income-Based Repayment plan more generous for certain borrowers by fast-tracking improvements to the way payments are calculated and reducing the time it takes to earn forgiveness, and “Special” Consolidation Loans providing a modest interest rate reduction for student loan borrowers who have…
What Student Loan Borrowers Need to Know about Obama’s Student Loan Initiatives
Don't miss the updated and expanded version of this post: Will the President's Student Loan Initiatives Help You? If you can’t work with them, work around them. Yesterday President Obama’s administration announced student debt relief initiatives that don’t depend upon getting Congress moving. Unfortunately, there is only so much executive action can accomplish, and the initiatives are limited in scope. The changes will reduce interest rates for some graduates, and will have a significant impact…
