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Student Loan Borrower News
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How do I pay extra to reduce principal?
June 01, 2013
by Temp Author
You must request in writing that the extra amount be applied to principal. You have the right to pay off the loan as fast as you can without a penalty. […]
Continue Reading →What are the terms and conditions of PLUS loans?
June 01, 2013
by Temp Author
PLUS loans come in two varieties: 1) Parent PLUS loans are for parents borrowing for the education of dependent undergraduate children enrolled in school at least half time and 2) […]
Continue Reading →Putting Borrowers First
May 29, 2013
While the debate about student loan interest rates attracts most of the buzz these days, student loan debt collectors continue to fly under the radar. It is particularly difficult to […]
Continue Reading →Will I be sued for collection on my student loan?
May 19, 2013
by Temp Author
The government has the right to sue, but rarely does so because there are so many ways the government can come after you without suing. Private lenders also have the […]
Continue Reading →Will my student loan be discharged if I die?
May 19, 2013
by Temp Author
If you have federal government loans, yes. This means that your estate will not have to pay back those student loans. Survivors can apply for a death discharge to cancel […]
Continue Reading →Will the government or private lenders ever agree to settle student loan debt?
May 19, 2013
by Temp Author
Sometimes, but they usually require a large lump sum payment.
Continue Reading →Open Letter to Lenders: Stop Making Excuses, Start Helping Borrowers
May 15, 2013
In discussing the company’s lending to “non-traditional” students, Sallie Mae CEO Al Lord said in a June 5, 2008 interview that “[i]t was obviously a mistake and I’m not going to step […]
Continue Reading →Does the Department of Education offer assistance?
April 19, 2013
by Temp Author
The Department of Education has an ombudsman office to help borrowers and a number of helpful publications and other resources. The Department also posts answers to frequently asked questions from consumer advocates. […]
Continue Reading →Will the government or lender be able to collect from me if I am sued and lose my case?
April 19, 2013
by Temp Author
It depends on whether you are “collection proof.” This means that your assets and income are small enough to be protected by federal and state law from seizure by creditors.
Continue Reading →More Updates & News
Important Note: On June 24, 2024, two court decisions temporarily blocked parts of the SAVE Plan from taking effect. These decisions may change borrowers’ rights and access to certain benefits, including repayment plans. We will update this website with more details on how this will impact borrowers soon. Visit here for more information.
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