Warning: This turned into a bit of a personal rant! If you have 50 minutes to spare, let me recommend that you track down an interview with Alan Michael Collinge, author of The Student Loan Scam: The Most Oppressive Debt in U.S. History -- and How We Can Fight Back. Collinge is angry about his personal experience with student loans. After losing a job, he applied for … [Read more...] about The Dark Side of Student Loans
student loan consolidation
Archive News -- In the wake of the growing awareness that in America student loan debit has surpassed credit card debt, the United States Department of Education is currently offering the possibility to consolidate your Federal Student Loans into a Special Direct Consolidation Loan. This offer became available in January of 2012 and ended on June 30 of 2012. Who to Contact … [Read more...] about Special Student Loan Consolidation Opportunity
As the economy tanks and employment skyrockets, the number of former students struggling to pay off their student loans is likely to grow, too. While failure to repay any debt can have serious consequences, not making payments on your student loan is especially grave. Here's a quick primer on what it means to default on student loans -- and how to avoid it. What does … [Read more...] about What Happens When You Default on Your Student Loans?
For those of you whom graduated this past June, the grace period on your student loans is coming to an end. Starting in January, you will be responsible for paying back the principle and interest of your student loans every single month, faithfully and on time, until they are paid off in their entirety. It's a weighty responsibility, but there are a few things you need to … [Read more...] about What You Need To Know About Repaying Your Student Loans