News, Student Loan Debt

FLORIDA CONGRESSMAN PROPOSES LEGISLATION FOR STUDENT DEBT RELIEF

National student loan debt in the U.S. has now surpassed the amount of credit card balances, car loans, and home equity debt totaling $1.3 trillion—a culmination of the 23 million student borrowers. The growing amount of student debt is causing increased concern and a push for Legislation for Student Debt Relief. There are many factors …

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SANFORD-BROWN COLLEGE IS DONE

Sanford-Brown College is CLOSING its doors FOR GOOD Qualify Now For Loan Forgiveness Due To The Closure of Sanford-Brown College Another for-profit closes. Sanford-Brown College announced in early May of this year that it will close or sell all of its campuses. Sanford-Brown has been subject to controversy over the last few years, with several …

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RELIEF IS ON THE WAY FOR FORMER STUDENTS OF EVEREST WYOTECH AND HEALD

Former Students of Everest, WyoTech and Heald As part of an agreement with the federal government, Corinthian Colleges — which previously owned Everest — sold most of its schools to Education Credit Management Corp. ECMC has agreed to take steps to compensate former Corinthian students for some of their losses. The key financial block is …

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UNPAID STUDENT LOANS CAN COST YOU YOUR JOB

A hospital in Tennessee found itself grossly understaffed when they had to send 40 nurses home in one day because they all lost their licenses to work. A lawyer in New York got stripped of his license for the same reason. All of these people have defaulted on their unpaid student loans. The situation isn’t …

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WHAT ARE DEFAULTED STUDENT LOANS

Defaulting on a student loan is when you stop making your loan payments. Sure, there are times late payments are made, but not making any payments places you in default status. Unfortunately, there are serious consequences when defaulting on a student loan. The school you attended guaranteed the loan. Whether you have a private loan …

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LE CORDON BLEU SHUTS ITS DOORS FOREVER IN JANUARY

Student Loan Forgiveness Available December 15, 2015 Career Education Corporation, previously looking to off load their Le Cordon Bleu cooking schools, has announced this morning that instead it will be closing down all 16 of it’s campuses. New federal government regulations on career based colleges has put the for profit college in a tailspin that …

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DADE MEDICAL COLLEGE TO CLOSE DOORS

The for-profit school Dade Medical College and University of Southernmost Florida are to CLOSE DOORS, effective immediately. The announcement was made on October 30, 2015 that they were stopping all operations and instruction at their eight locations across the State of Florida. Approximately 2,000 students around Florida were affected.  With the high cost of tuition, many students were …

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10 REASONS WHY YOULL STAY IN DEBT LONGER THAN YOU THINK

At the time you took on that student loan or opened that credit card account, you vowed to be financially responsible. Each payment would be made on time. You would never borrow more than you can afford to pay back. Then life happens, and you now find yourself under a mountain of debt. Here are …

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