April 10, 2008 America’s largest not-for-profit guarantor of private student loans declared bankruptcy Monday night. The Education Resource Institute or “TERI” explained its decision to seek Chapter 11 bankruptcy by citing a sharp increase in the number of borrowers defaulting on their loans plus the troubled credit market. TERI currently has more than $17 billion [...]
Physical Therapists May Soon Be Eligible For Loan Forgiveness Physical therapists might be enjoying some student debt relief in the near future if Congress gets its way. On February 7, the House approved The College Opportunity and Affordability Act, H.R. 4137, which would allow physical therapists to apply for student loan forgiveness. The wide-reaching Bill, [...]
It’s a rare college student who does not have to assume student loans. If student loan debt is in your future, now is the time to educate yourself on your rights and responsibilities. New changes to the student loan program make it necessary for student loan borrowers to educate themselves on their rights and responsibilities. [...]
May 14, 2006 The low interest rate on Stafford Loans and other federal loans is about to change. Due to the Budget Reconciliation Act of 2005 the interest on federal loans will rise 2.0 percentage points in July. That means that if you have not done so already it is in your best interest to [...]
