Tag Archives: Collection

Older Borrowers and Student Loans: One Client’s Experience

This is dedicated to my client Mr. A in hopes that he will keep his dignity and not lose hope. Some basic facts about Mr. A:  He is 83 years old and a veteran of the Korean War.  His sole … Continue reading

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Give Older Student Loan Borrowers a Break

A recent Washington Post article highlights the numbers of older individuals struggling with student loan debt.  The Federal Reserve Bank of New York published new data showing that Americans 60 and older still owe about $36 billion in student loans. We have cautioned … Continue reading

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Looking Back at 2011

It seems that we were just looking back at 2010….and yet another year has passed.  As we get ready for a holiday vacation at Student Loan Borrower Assistance Project, we offer a few thoughts on 2011: It was a year of … Continue reading

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The Costs of Draconian Student Loan Collection

The Department of Education has unprecedented powers to collect defaulted student loans.  The agency can take tax refunds (even earned income tax credits), garnish wages without first getting judgments, and even seize portions of federal benefits such as Social Security.  There … Continue reading

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Recommendations and Comments for Department of Education Rulemaking

We submitted these comments to the Department of Education last week.  We will write a number of articles the next few weeks with more details about key proposals.  Our recommendations focus on strengthening relief for borrowers who are harmed by … Continue reading

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End Draconian Student Loan Collection Policies

A recent report released by the Institute of Higher Education Policy found that for every federal student loan borrower that defaults, at least two others become delinquent without default. Access to higher education was the mantra at a New America … Continue reading

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Looking Back at 2010 (Part 1)

It is almost the end of yet another year, a very important year in the student loan world.  During this December time of reflection, we include below noteworthy articles and blogs from 2010.  This is not an exhaustive list by any … Continue reading

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The Need for Education Debt Management

American Student Assistance recently released a paper on the need for education debt management.  The paper, “Approaching the Tipping Point“, raises a number of critical issues, including how to create incentives to encourage loan holders to communicate effectively, accurately and respectfully with … Continue reading

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Doing the Right Thing for Borrowers

A recent experience highlights the ways in which so many borrowers in default run into brick walls when trying  to enforce their rights.  The twist to this experience is that it has a good ending.  There is hope because in … Continue reading

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Update on “A lot of Talk, Not Much Action”

We previously wrote about our efforts to persuade the Department of Education to resolve a number of problems with policies and programs for financially distressed student loan borrowers.  Unfortunately, not much has changed since we last wrote.  A quick summary: … Continue reading

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