Student Loans, Debtfare and the Poverty Industry

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Susanne Soederberg, a professor of political studies and global development studies at Queen’s University in Canada, is calling for the student loan industry to be, “revealed, attacked, and uprooted.”

In her article on Dollars & Sense, […]

Student Debt Clock Shows Scary Growth In What We Owe

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There’s a new clock out there to obsess over – the student debt clock. It shows that we’re racking up more and more debt by the second – in fact, America’s student-loan debt is growing […]

Department of Education Announces Debt Relief For Corinthian Colleges Students

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In the wake of the collapse of Corinthian Colleges, tens of thousands of student loan borrowers have faced what can best be described as an uphill battle in their quest for student loan debt relief.

This […]

Texas Court Rules Against Borrower In Student Loan Bankruptcy Discharge Case

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Just because you list a student loan debt on your bankruptcy case doesn’t mean it’s wiped out once the case is over. You need to take additional action – but before that, you need to […]

Los Angeles Loses Discriminatory Lending Lawsuit To Bank of America

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In the battle between one of America’s largest cities and one of America’s largest banks, the money reigns supreme. At least, that’s what a federal judge in Los Angeles thinks.

On May 15, 2015 A federal […]

Mortgage Delinquencies Fall To Lowest Level Since 2007

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The TransUnion Industry Insights Report, released on Monday, May 18, 2015, reveals that the rate of borrowers 60 days or more delinquent on their mortgages declined to 2.95% in the first three months of 2015 […]

Supreme Court To Chapter 13 Trustees: Give Back The Money!

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On May 18, 2015 the U.S. Supreme Court unanimously held that a debtor who converts to Chapter 7 is entitled to return of any postpetition wages not yet distributed by the Chapter 13 trustee.

The Court, […]

SEC Files Fraud Charges Against For-Profit College Operator ITT

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On May 12, 2015 the US Securities and Exchange Commission announced that it had filed fraud charges against ITT Educational Services Inc., its chief executive officer Kevin Modany, and its chief financial officer Daniel Fitzpatrick.

According […]

When Is A Student Loan Not A Student Loan?

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Joel Nunez had a problem – he owed $120,000 in private student loans for a flight school.

Even worse, he hadn’t finished his education. Left in dire financial straits, he went to a bankruptcy lawyer.

You’re probably […]

What if You Can’t Pay Your Student Loans?

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Recently I was invited to join a panel of some of the leading personal finance voices on the Money Mastermind Show.

The show, a weekly roundtable on personal finance issues, centered around student loan options. I […]