Navient Gives Its 12 Million Borrowers the Middle Finger!

Despite the negative press it has received over the past several years, student loan giant Navient has essentially told its borrowers that it doesn’t have their best interests in mind because they are collectors. This revelation came out in a recent court filing in which Navient is seeking to have a multi-billion dollar lawsuit filed …

How to Stop a Bank Levy by National Collegiate Student Loan Trust

If you’re wondering how to stop a bank levy by a private student loan lender, such as National Collegiate Student Loan Trust, then you are not alone. National Collegiate Student Loan Trust purchased your student loan a very short time after the loan funded and prior to any payments becoming due. The loans are serviced …

Are Student Loan Debt Relief Companies A Scam?

I just read an article on thestreet.com about student loan debt relief companies. The article casts doubt on companies that may be preying on desperate individuals seeking relief on their federal student loans. Here’s a link to the article. https://www.thestreet.com/story/13676831/1/student-loan-debt-relief-companies-capitalize-on-borrower-confusion.html Are The Student Loan Debt Relief Companies A Scam? The article discusses that these companies …

5 Tips For Defending Yourself In A Student Loan Debt Lawsuit

Oftentimes people have no idea they are about to be sued when they learn that they have a student loan debt lawsuit filed against them. Receiving the actual lawsuit can be very intimidating. The attorney (or team of attorneys) for your student loan lender is well versed in debt collection laws. Once a suit is …

Co Signing On A Private Student Loan 101

Whether you’re a student seeking help from a loan co-signer or you’re considering helping someone obtain a private student loan, it’s critical that you understand the implications of your decision. Before you sign your name on the dotted line, there are details you need to know about risks, obligations and the potential for obtaining a …

Options if Sued by National Collegiate Student Loan Trust for Not Paying Private Student Loans

What are my options if I have been sued by National Collegiate Student Loan Trust? Getting served with a lawsuit isn’t an enjoyable experience. If you aren’t familiar with the legal process, it can leave you confused, anxious and overwhelmed. I have spoken with a fair number of people that have been sued after they …

Top 3 Strategies for Defaulted Student Loans

Failure to repay a loan according to the terms agreed to in the promissory note will lead to default. For most federal student loans, you will default if you have not made a payment in more than 270 days. The national federal student loans default rate sits at 13.7%. Defaulting on your federal student loans can …

Refinancing Private Student Loan Debt

Graduates with private student loan debt don’t get the same luxuries as they would with federal student loans. Repayment begins almost immediately and forbearances and deferments aren’t usually an option. Neither are loan consolidations at a lower interest rate. Fortunately, we are seeing a transition with private student loans that offer an option resembling creative …

Senior Citizens and Student Loan Debt

Am I immune from collection of student loan debt if I am retired? Senior citizens facing crippling student loan debt are getting attention in the media over the past few weeks. Nationwide, student loan debt exceeds $1 trillion. According to a recent report from the Government Accountability Office, four percent of Americans between the ages …

Art Institute of California Lawsuit Alleges Predatory Practices

For profit colleges have become a popular alternative for students interested in pursuing specific careers such as photography, visual game programming and drawing. The Art Institute of California offers a 4-year degree with wild promises that 95% of its graduates quickly landing jobs. Unfortunately, this degree comes at a steep costs with many students graduating …