Student loans are great and offer millions of people opportunities that they would have never had otherwise. However, upon graduating, those same loans can feel crippling to people financially and make it actually seem as though they are actually preventing individuals from certain opportunities. The most ideal way to deal…
Category: Student Loans
Student loans allow more people to go to school and seize the opportunities that will get them further in life. However, they are also just like any other kind of debt. They typically start as a very big debt and, when they go unpaid, can become even more monstrous. When…
As colleges continue to raise their tuition and increasing shortage of affordable housing, young adults across the US are having trouble purchases homes. According to a study conducted by the Federal Reserve, young adults aged between 24 to 32 are buying houses less due to the insurmountable burden of student…
It is no secret that an undergraduate or graduate degree can be expensive. For most students, the only way to afford to obtain either or both is to finance their education through student loans. Student loans may be private or federal. The distinction between both is that federal loans are…
When you borrow money to attend school, you’ll need to pay it back, with interest. But what happens when you can’t make your monthly payments? After a certain amount of time, your loan will go into default, which can carry heavy consequences. To help you better understand why you should…
Student loan debtors do have options in solving any problems with repaying student loans. If such debtors are overwhelmed or unable to afford a monthly payment, they should immediately contact the loan servicer. A qualified student loan attorney may also provide invaluable assistance. The servicer should provide information regarding any…
The United States Middle District of Florida recently denied Navient Solutions, LLC motion for partial summary judgment based on the argument that student loan servicers servicing government student loans, like Navient Solutions, LLC, are not shielded from actions violating the Telephone Consumer Protection Act (TCPA). This determination stems from the FCC’s…
Student loan debtors do have options in solving any problems with repaying student loans. If such debtors are overwhelmed or unable to afford a monthly payment, they should immediately contact the loan servicer. The servicer should provide information regarding any available and recommended options to reduce or postpone a payment…
According to a new study by the Government Accountability Office (GAO), student loan debt is pushing tens of thousands of older and disabled Americans below the poverty line. The GAO generated the report at the request of Senators Claire McCaskill (D-Mo.) and Elizabeth Warren (D-Mass.). The report indicates that more…
