Student loans will be the next huge financial crisis. There are problems both with the borrowers and the lenders. The borrowers do not understand the cost to repay the loan. The lenders, many are schools, profit from misleading the naive borrowers.

Student Loans – CFPB Helping Deal with Financial Nightmare

Announcement from the Consumer Financial Protection Bureau: WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) is launching a public inquiry into student loan servicing practices that can make paying back loans a stressful or harmful process for borrowers. Related Post Debt Collectors Could Face New Rules Possible doubling of interest rates for student […]

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A Student Aid Bill of Rights – March 10, 2015

On March 10, 2015 the White House announced that President Obama would  sign a Presidential Memorandum directing the Department of Education and other federal agencies to work across the federal government to do more to help student loan borrowers afford their monthly loan payments Related Post Sallie Mae Failing to Follow Requirements Possible doubling of […]

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Garnishment of Wages – Administrative Actions

Many people ask whether or not a student loan company or SBA creditor can garnish their wages without first obtaining a court order.  The answer is “yes”. Related Post What To Do If Your Wages Are Being Garnished

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Is Your Financial Information Safe When Filing Bankruptcy?

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Is Your College Offering Checking & Pre-paid Accounts with Tricks and Traps?

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Stories From a Bankruptcy Attorney – the good, the bad and the moronic.

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CFPB Takes Action to End Student “Debt Relief” Scams

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