Archive

11Jun
2015

Yes, the federal government can take your tax refund

Many student loan borrowers are surprised to find out that the federal government can take their tax refunds when they are in default. Unfortunately, it is true that the federal government has this immense power. Set forth ...

05Jun
2015

Disability Discharges Are Available!

Many times former students become burdened with disabilities that adversely affect their ability to make their required student loan payments on their student loan debt. Fortunately, federal law and applicable regulations ...

29May
2015

Protection At Last for Veterans

Just today in the newspapers there was announced welcome relief to members and former members of the military who have student loans and were overcharged by Navient. The Justice Department announced that it reached a ...

21May
2015

The Consumer Financial Protection Bureau to the Rescue

Many folks know that the Consumer Financial Protection Bureau (“CFPB”) has been created to investigate and regulate various consumer products. What may be unclear is that the CFPB has a very significant role to ...

13May
2015

A Comparison Between Private Student Loans and Federal Student Loans

Many student loan borrowers are confounded by the differences between private and federal student loans. Unfortunately, it is a much more difficult situation for borrowers with student loans that are private. The federal ...

11May
2015

Principles Related to Deferments and Forbearances

There are times when it makes sense to postpone repayment of federal student loans. Set forth herein is a brief description of the concepts of forbearances and deferments. For both the Direct program and the FFEL program, ...

06May
2015

Staying Out of Default

In today’s world, many former students are saddled with very high amounts of student loan debt and very high monthly payments. As a result, borrowers are often faced with the prospect of defaulting on their student ...

21Apr
2015

The Feds Cracking Down on For Profit Schools

There has been recent publicity regarding the abuses perpetrated by for profit schools in this country, such as the school known as Corinthian. Corinthian and the other culprits typically have provided misleading information ...

16Apr
2015

Department of Education Wins Case Against Debt Collectors

It is well known that debt collectors hired by the federal Department of Education have often abused and harassed former students and their parents.  After reviewing the situation, the Department of Education terminated the ...

27Mar
2014

Watch the Consumer Financial Protection Bureau

Several years back, as part of the Dodd Frank Law, Congress passed, and the President signed, the part of the law creating the Consumer Financial Protection Bureau. The Bureau has many functions but one is to monitor the ...