NEWS

10 OF CONGRESS MEMBERS HAVE STUDENT LOAN DEBT

Even though more than half of federal lawmakers are worth millions (Between 2013 and 2014, their combined net worth shot up 6.7%!), there’s one way many Congress members who have student loan debt are just like us: they owe tens of thousands in student loans.   See if you qualify for student loan debt by filling …

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THE DARK SIDE OF FOR-PROFIT COLLEGES

Guaranteed acceptance.  Flexible learning.  A college degree.  These, perhaps, are some of the only promises that for-profit colleges ever keep. You’ve heard of these bad boys: the Art Institute, ITT Tech, and the University of Phoenix are some of the most notable culprits.  Recently, the Education Management Corporation, one of the largest operators of for-profit …

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POST-GRADUATION REPAYMENT STRATEGY CONSOLIDATING

In order to achieve freedom from debt, it’s important to get the right post-graduation repayment strategy. Sometimes this involves loan consolidation or refinance. Knowing the pros and cons for each of these repayment strategies and making an educated decision about which route to take can be the difference between successfully managing the payments and going …

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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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PUBLIC SERVICE LOAN FORGIVENESS PROGRAMS

November 13th. 2015, Public Service Loan Forgiveness Programs Update Qualifying programs constitute government organizations (federal, state, local, or tribal), 501(c)(3) nonprofit organizations, AmeriCorps, and Peace Corps. Additionally, the borrower must be in a qualifying repayment plan to truly receive forgiveness. Qualifying repayment programs are: Pay As You Earn, Income-Based Repayment, and Income-Contingent Repayment. The Public Service Loan …

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OBAMA STUDENT LOAN FORGIVENESS PROGRAMS

OBAMA ADMINISTRATION MAKING AN EFFORT TO REGULATE STUDENT LOANS Options are now available for private and federal student loans NEW TOOLS HAVE BEEN CREATED FOR FUTURE STUDENTS WHEREAS GREAT PLANS EXIST FOR CURRENT AND FORMER STUDENT LOAN REPAYMENT Obama’s Fabled Student Loan Forgiveness The William D. Ford Direct Loan Program (also known as Obama Forgiveness …

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CORINTHIAN COLLEGES FILES FOR BANKRUPTCY GOOD NEWS FOR STUDENTS WITH LOANS

Corinthian Colleges Files for Bankruptcy Corinthian Colleges, until recently one of the country’s largest for-profit higher education chains, filed for chapter 11 bankruptcy this Monday, one week after shutting down its remaining campuses. This marks the climax of the collapse of the company that was once praised on Wall Street for its profitable model of …

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UNIVERSITY OF PHOENIX SCAM

Scam at University of Phoenix The University of Phoenix is a for-profit career college owned by the Apollo Group. In fact it’s the biggest for-profit college out there. Some critics of for-profit higher education have alleged that Apollo Education Group and University of Phoenix “prey upon veterans” Only about 9% of first-time bachelor students’ graduate within …

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CORINTHIAN COLLEGES FINED FOR BOGUS JOB PLACEMENT CLAIMS

Corinthian Colleges Fined for Bogus Job Placement Claims Corinthian Colleges Inc. has been fined $30 million by the U.S. Department of Education, which claims that the for-profit college operator of Everest, Heald, and WyoTech has been falsifying job placement rates to students. Heald College has campuses in California, Oregon and Hawaii, and the DOE found …

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