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[2 Dec 2009 | No Comment | 89 views]

Student Financial Aid News
“The U.S. Supreme Court is scheduled to hear arguments in a case this week that weighs federal rules for dismissing student debt in bankruptcy proceedings against the authority of a judge’s final court orders,” The Chronicle of Higher Education reports. “The case, United Student Aid Funds Inc. v. Espinosa, highlights the complex and sometimes contradictory nature of bankruptcy law that makes student loans as difficult to excuse as court-ordered child support. To dismiss student loans in bankruptcy, borrowers must show that repaying the loans would be …

Defaulted loans, Financial Aid, Private student loans, Scholarships, Student Loans »

[16 Apr 2009 | No Comment | 1 views]

Daily Aid 114: Sallie Mae Federal Student Loan Proposal
Student Financial Aid News
From InsideHigherEd:
Sallie Mae (ticker: SLM), which as the country’s largest student loan provider has a lot to lose from the Obama administration’s proposal to eliminate the Family Federal Education Loan Program, is floating an alternative that would save the program but cut its costs significantly. In a letter to sent to its college customers, the lender outlined a plan that would entail permanently extending the emergency programs that Congress put in place in 2007 to ensure the continued availability …

Defaulted loans, Private student loans »

[7 Feb 2008 | 4 Comments | 1 views]

Opinion: Why Bankruptcy Protection for private student loans Failed
In breaking news, an amendment to the Higher Education Act reauthorization to reinstate some bankruptcy protection provisions for borrowers of private student loans was voted down on Thursday in the House of Representatives.
Backstory: in 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act altered the way in which courts treated private student loans. Prior to the BAPCPA, private student loans were treated as any other consumer debt and could be discharged (cancelled) in bankruptcy. After the BAPCPA, private student loans were exempted …

Defaulted loans, Podcast, Scholarships »

[20 Mar 2007 | One Comment | 1 views]

FAP493: Mortgage industry fallout, womens statistics scholarship, BRTC, Black Lab
Student Financial Aid News
+ From Inside Higher Ed: Davidson College is today announcing that it will change future financial aid packages so that students will no longer need to borrow anything.
+ While several elite private universities and flagship public universities have effectively eliminated student loans from low-income backgrounds, these programs (except for the one at Princeton University, which applies to all) typically have income limits. Davidson would be out front of other liberal arts colleges, including some with much larger endowments.
+ …

Defaulted loans »

[19 Mar 2007 | No Comment | 1 views]

I want to be dead wrong about the following things I’m about to say. I want, in 18 months, for everyone to come up to me in a bar, laugh, and say, “Man, Chris, whatever you were smoking when you wrote that blog post must have been really strong, because you were about as far from the truth as you could possibly get! Let me buy you a beer instead out of sympathy.”
Again, disclosure: I am as qualified as a janitor to be giving investment advice of any kind. Don’t …

Defaulted loans »

[18 Mar 2007 | 4 Comments | 1 views]

November 19, 2005 marks the first time I blogged seriously about the housing bubble, and the fact that so many adjustable rate mortgages were scheduled to reset that it posed a serious threat to the US economy.
I wish it wasn’t true. I wish that I had been wrong. Unfortunately, mounds of evidence are piling up on the front page of every paper and news outlet in the country. In some parts of the country, 1 in 53 homes is going into default, the owners unable to make their payments, such …

Defaulted loans, Interview, Loan Consolidation, Podcast, Private student loans, Student Loans »

[9 Mar 2007 | No Comment | 1 views]

FAP486: Interview with Alan Collinge of Student Loan Justice, Jonathan Coulton
Expert Interview
+ Alan Collinge, Student Loan Justice
+ Despite being a student loan industry critic, Alan’s interview is published unedited and in full
+ Mainly because he makes a lot of really good points
+ I haven’t lost my mind
+ At the Student Loan Network, we are all about responsible borrowing, helping people learn as much as they can about the whole financial aid process
+ Deferments are entitlements, and are required to be granted
+ You can consolidate once – so be sure you …

Defaulted loans, Loan Consolidation, Podcast, Private student loans, Scholarships »

[6 Mar 2007 | No Comment | 1 views]

FAP483: Consequences of student loan default, aggressive marketing, tuition sensitivity, Catya Mare
Student Financial Aid News
+ US News reports on allegedly deceptive student loan consolidation offer letters
+ According to student loan borrowers and consumer advocates, loan companies–including legitimate ones–increasingly send solicitations that resemble actual loan documents or government-issued letters. “Direct-to-consumer marketing for student loans has exploded. … We’re seeing the propagation of these types of aggressive, sometimes misleading mailings,” says Luke Swarthout, higher education associate for U.S. PIRG, a public interest advocacy group.
+ Rebecca Thompson, legislative director for the U.S. Student …