Our firm has defended a number of student loan lawsuits brought by National Collegiate Student Loan Trust over the past 5 years. I’ve also spoken about the company at a number of bar events around the country, and teach graduates of The Student Loan Law Workshop how to understand the issues presented by private student
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
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 bankruptcy
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 boost
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 for
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
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 payments
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
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
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 limits were
