Student loan debt
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Missing a Single Student Loan Payment Can Hurt Your Credit More Than You Think

Missing a Single Student Loan Payment Can Hurt Your Credit More Than You Think | Student loan debt | Scoop.it
You never want to miss a debt payment of any kind, but student loans are complicated. Over at Credit.com, editor Constance Brinkley-Badgett explains why a late student loan payment can hurt your credit even more than you probably think.
Jonathan Ginsberg's insight:

Student loan debt is not only difficult to eliminate but late payments can really hurt your credit.

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When Is It Time to Hire a Student Loan Lawyer? | Student Loan Hero

When Is It Time to Hire a Student Loan Lawyer? | Student Loan Hero | Student loan debt | Scoop.it
Are you struggling with student loan debt? If you’re feeling stuck, find out how a student loan lawyer can help and see if you should hire one.
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What Stock Market Volatility Means for Your Student Loan Debt

What Stock Market Volatility Means for Your Student Loan Debt | Student loan debt | Scoop.it
Your student loan comes with either a variable or fixed interest rate. If it’s fixed, you don’t have much to worry about (aside from the whole crushing debt thing). But if you have a variable rate loan, that rate can change along with different economic factors—the stock market, for example.
Jonathan Ginsberg's insight:

If your #studentloan debt has a variable #interestrate, changes in the stock market can cause your payments to increase

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Obama Administration Hits Back at Student Debtors Seeking Relief - Bloomberg Business

The U.S. government is becoming student borrowers' worst enemy.
Jonathan Ginsberg's insight:

Interesting that #obamaadministration takes a position hostile to #studentloan borrowers

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No matter how you say it, law school is in serious trouble

No matter how you say it, law school is in serious trouble | Student loan debt | Scoop.it
The Charleston School of Law’s Class of 2015 will graduate today, and their diplomas surely will be embossed with the institution’s lofty Latin motto: Pro bono populi, which means “for the good of the people.”
Jonathan Ginsberg's insight:

Expensive, private college and post-college education may soon be a thing of the past. #studentloans

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Looking for student loan forgiveness, do your homework

Looking for student loan forgiveness, do your homework | Student loan debt | Scoop.it
JACKSONVILLE, FL -- Stephanie Cusic, 34, went to school for medical billing and to become a dental assistant. But now works delivering food orders
Jonathan Ginsberg's insight:

#scams abound in the #studentloan debt help business. As this video suggests, ask questions and do your homework.

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Poignant Portraits of Americans in Debt Explore the Role Debt Plays in Our Personal Identity

Poignant Portraits of Americans in Debt Explore the Role Debt Plays in Our Personal Identity | Student loan debt | Scoop.it

teresFor photographer Brittany M. Powell, debt isn't just the subject of a personal portrait project, it's a harsh reality that she's had to face herself. Inspi

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Interesting how all of these debtors have student loan debt problems #studentloandebt

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Dear ED: Clarify Undue Hardship

Dear ED: Clarify Undue Hardship | Student loan debt | Scoop.it
Jonathan Ginsberg's insight:

It will be interesting to see if Dept. of Education complies with this request to clarify undue hardship for a BK discharge..

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LifeSource Direct Unveils "Student Loan Protection" Life Insurance for Parents of College Students

LifeSource Direct Unveils "Student Loan Protection" Life Insurance for Parents of College Students | Student loan debt | Scoop.it
LifeSource Direct, a leader in online insurance services, unveils the "student loan protection" term life insurance product for parents of college students. Recent studies show a total of $1 trillion worth of outstanding student loan debt. Take Steve Mason and his wife for example.
Jonathan Ginsberg's insight:

A sign that #studentloandebt is getting out of control: parents buying life insurance to pay student loan balance in case their adult child dies before the loan is paid off!

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OU Offers Student Loan Forgiveness For State Teachers - YouTube

Some teachers who graduate from OU won't have to pay back a large chunk of their student debt. That's because of a new initiative created by the university t...
Jonathan Ginsberg's insight:

The state of Oklahoma now offers student loan forgiveness for teachers who agree to stay and teach in Oklahoma for at least 4 years.  The U.S. Department of Education also has a number of loan forgiveness programs.  Sometimes it can make sense to change careers to obtain the benefit of a loan forgiveness program. #studentloans #studentloanforgiveness

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Life Ed: How To Manage Student Loan Debt - NBC News

Life Ed: How To Manage Student Loan Debt - NBC News | Student loan debt | Scoop.it
Paying off student loan debt can be a long, complicated, and often arduous enterprise, one that can put significant pressure on an individual’s finances, inf...
Jonathan Ginsberg's insight:

Overview of the student loan debt crisis in US.  Same message: rising tuition costs = higher student loan balances that do not translate in to salaries that can support a graduate's debt load.

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Senate Democrats Propose Huge Change For Private Student Loans

Senate Democrats Propose Huge Change For Private Student Loans | Student loan debt | Scoop.it
Legislation unveiled by Sen. Tom Harkin (D-Iowa) Wednesday as part of a larger higher education package would allow private student loans to be discharged in bankruptcy.

The Higher Education Affordability Act, introduced by Harkin as chair of the ...
Jonathan Ginsberg's insight:

While I don't foresee this bill passing, at least some in Congress are looking at  private #studentloan debt

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The Problem with Senator Warren’s Student Loan Bill

The Problem with Senator Warren’s Student Loan Bill | Student loan debt | Scoop.it
Jonathan Ginsberg's insight:

Student loan lawyer Joshua Cohen's cogent observations about the demise of Senator Warren's student loan bill.  His point about private student loans is well reasoned.  #studentloans

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N.J. forces mom to pay son’s student loans: Murder ‘does not meet threshold for loan forgiveness’

N.J. forces mom to pay son’s student loans: Murder ‘does not meet threshold for loan forgiveness’ | Student loan debt | Scoop.it
Jonathan Ginsberg's insight:

New Jersey student loan authority denies student loan forgiveness request filed by mother of murdered student. Charming (ugh).

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This Calculator Estimates Your Student Loan Tax Deduction

This Calculator Estimates Your Student Loan Tax Deduction | Student loan debt | Scoop.it
If you’re paying back a student loan, chances are, you qualify for the student loan interest tax deduction. This calculator from Student Loan Hero estimates how much you can expect to get back.
Jonathan Ginsberg's insight:

Student loan debt is mostly horrible, but there can be some small tax savings. #studentloan

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New Grads Won’t Be Able to Retire Until 75, Study Finds

New Grads Won’t Be Able to Retire Until 75, Study Finds | Student loan debt | Scoop.it
A NerdWallet analysis finds student loan debt and rising rents mean the Class of 2015 could have to work till 75. But there is hope, and steps to take now.
Jonathan Ginsberg's insight:

Student loans will keep you working til 75 #studentloan debt out of control #depressing

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Over 1 in 10 With Student Loans Don't Even Know They Have Them

Over 1 in 10 With Student Loans Don't Even Know They Have Them | Student loan debt | Scoop.it
Students are making decisions without knowing the full story.
Jonathan Ginsberg's insight:

Should 18 or 19 year olds really be signing paperwork to obligate themselves for tens of thousands of dollars of future debt?

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Don’t let emotions lead you to an unaffordable choice of college

Don’t let emotions lead you to an unaffordable choice of college | Student loan debt | Scoop.it
Daughter should go to the school that offered her a scholarship or be on the hook financially for the pricier pick.
Jonathan Ginsberg's insight:

This excellent article shows that choosing a college must involve financial considerations.  #studentloan debt can and will have significant negative consequences for students and their families.


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College Used Strippers To Recruit Students, Lawsuit Claims

College Used Strippers To Recruit Students, Lawsuit Claims | Student loan debt | Scoop.it
MIAMI (AP) -- A for-profit Florida college used exotic dancers as admissions officers, falsified documents and coached students to lie on financial forms as it fraudulently obtained millions of dollars in federal money, according to a federal lawsuit...
Jonathan Ginsberg's insight:

I have heard of lien stripping in bankruptcy, but this takes the concept to a whole new level.

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How the Student Loan Debt Trap Could Be Fixed in One Step

How the Student Loan Debt Trap Could Be Fixed in One Step | Student loan debt | Scoop.it

Ano

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Another call to change the #bankruptcy laws to make more #studentloans dischargeable.

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Discharging the Brunner Test: Student Loan Debt in Bankruptcy | Florida Banking Law Blog

Discharging the Brunner Test: Student Loan Debt in Bankruptcy | Florida Banking Law Blog | Student loan debt | Scoop.it
Jonathan Ginsberg's insight:

The Brunner standard is an example of how bad facts make bad law.  It is time for this terribly restrictive standard to be re-examined. #studentloans #brunner

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At 57 I still owe $152,000 in student loans

At 57 I still owe $152,000 in student loans | Student loan debt | Scoop.it
57 year old Rosemary Anderson owes $152,000 on student loans and is afraid she'll never be able to pay it back. She faces garnished social security payments if that happens.
Jonathan Ginsberg's insight:

Student loan debt can last forever if you do not address the problem proactively. #studentloandebt

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Companies That Offer Help With Student Loans Often Predatory, Officials Say

Companies That Offer Help With Student Loans Often Predatory, Officials Say | Student loan debt | Scoop.it
The debt settlement industry, already accused of questionable tactics related to mortgages, is finding a gold mine of new clients among those with college loans.
Jonathan Ginsberg's insight:

Are we seeing the beginning of a crackdown on student loan assistance companies?

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Fred Grimm: For-profit schools forsake students - Fred Grimm - MiamiHerald.com

Fred Grimm: For-profit schools forsake students - Fred Grimm - MiamiHerald.com | Student loan debt | Scoop.it
It’s a business plan based on the kind of lowdown ethics that brought us subprime mortgages.
Jonathan Ginsberg's insight:

For profit "vocational school" industry compared to sub-prime mortgage industry.  Very little value proposition for students.

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Bad Education

Bad Education | Student loan debt | Scoop.it
If tuition has increased astronomically and the portion of money spent on instruction and student services has fallen, if the (at very least comparative) market value of a degree has dipped and most students can no longer afford to enjoy college as a period of intellectual adventure, then at least one more thing is clear: higher education, for-profit or not, has increasingly become a scam.
Jonathan Ginsberg's insight:

What are the long term implications of massive #studentloandebt?

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