Time to talk with a lawyer? Call 866-787-8078.

Student Loan Law

Don’t Be Fooled by These 6 Lies Told by Student Loan Servicers

The government is suing student loan giant Navient, claiming the servicer isn't looking out for borrowers. Navient agrees, saying its role is to send bills, collect payments, process forbearances and manage the account. The student loan servicer acts in the lender’s interest, claims Navient - not yours.In other words, Navient isn't even pretending to help

By |April 10th, 2017|

Here’s When You Shouldn’t File for Bankruptcy to Discharge Your Student Loans

Contrary to news reports, there are times when you can wipe out student loans in a bankruptcy case. To do so, you're required to not only file for bankruptcy but also to file a separate lawsuit and prove that the debt amounts to an undue hardship. If you can meet the standard required under the

By |January 22nd, 2016|

Corinthian Found Guilty of Deceiving Students, Paving the Way for Loan Forgiveness

Judge Gary Feinerman of U.S. District Court for the Northern District of Illinois on Wednesday ordered Corinthian Colleges to pay $531 million to former students of Everest, WyoTech and Heald for deceiving students about potential career prospects. The lawsuit, filed by the Consumer Financial Protection Bureau, accused the company of “fudging the numbers” and hiring its own graduates to

By |October 28th, 2015|

How to Get the Federal Government to Pay Your Student Loans

You've heard about certain jobs that allow you to qualify for student loan forgiveness after a period of repayment. But how about just having the federal government pay your federal student loans for you? No joke. Under a little known program called the Federal Student Loan Repayment Program, some agencies will actually pay your loans

By |October 21st, 2015|

5 Reasons To Embrace Income Based Student Loan Repayment Options

If you've got federal student loan debt, making the monthly payments can feel like an exercise in futility. With low post-graduate incomes relative to the amount of debt they carry, it's no wonder. The average class of 2015 graduate with student-loan debt will have to pay back about $35,000, according to an analysis of government

By |September 29th, 2015|

Education Department To Screw Married Student Loan Borrowers With New Payment Options

The U.S. Department of Education, as part of a continuing public relations effort to look like it's trying to help federal student loan borrowers, on July 7, 2015 announced an enormous expansion of the highly-regarded Pay-As-You Earn repayment program. Under the expansion, an additional six million federal loan borrowers would be able to cap their federal student loan

By |July 8th, 2015|

Navient and Sallie Mae – Same Thing, or Different?

For millions of student loan borrowers, Sallie Mae is synonymous with educational finance. Now there's a new name in town - Navient. Founded in 1973, Sallie Mae (the nickname of The Student Loan Marketing Association) operated as a Government-Sponsored Enterprise (GSE) - a private financial institution set up by the U.S. Congress - until 1994

By |July 7th, 2015|

Student Loans, Debtfare and the Poverty Industry

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, Soederberg says the educational finance is not part of the natural order of things. Rather, it's part of the

By |June 29th, 2015|

Texas Court Rules Against Borrower In Student Loan Bankruptcy Discharge Case

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 do your homework. Once upon a time, student loans were dischargeable in bankruptcy court. As the years went by, more

By |May 28th, 2015|