Get updates via email
-
Don't Miss
-
Recent Blog Posts
Topic Cloud
Archives
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- December 2010
- November 2010
- October 2010
- August 2010
- July 2010
- May 2010
- April 2010
- February 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
Tag Archives: Consolidation
Improving the Assistance Network for Student Loan Borrowers
When we released our “Finding a Way Out” report five years ago, we were extremely concerned about the lack of reliable and affordable resources for financially distressed student loan borrowers. Unfortunately, the situation has not improved despite the increased numbers … Continue reading
Tagged Consolidation, Default
Default, Loan Consolidation and IBR
For a number of years, we have been writing about the problems facing borrowers trying to consolidate their loans out of default and into Income Based Repayment (IBR). The Department of Education was placing borrowers in ICR even if they … Continue reading
Tagged Consolidation, Default, Federal student loans
The Student Loan Default Trap
The Student Loan Default Trap: Why Borrowers Default and What Can Be Done, a new report released on Monday from the National Consumer Law Center’s Student Loan Borrower Assistance Project, addresses questions about the causes of default and the effectiveness … Continue reading
New Web Site for Borrowers in Default: Is it an Improvement?
The Department of Education posted a new web site for borrowers in default. It is intended to be a central point of entry for borrowers in default with information about consequences of default and on-line access to account information. The … Continue reading
Tagged Collection, Consolidation, Rehabilitation
Finally Some Action on Consolidation and Rehabilitation?
We have written a number of posts about ongoing operational problems at the Department of Education. We received some encouraging news this week that some of these problems may be fixed, including: 1. We wrote earlier about problems with borrowers seeking … Continue reading
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
Tagged Collection, Consolidation, Default, Disability
Operational Breakdowns at the Department of Education
A December 2011 article in the Chronicle of Higher Education reveals numerous problems with the Department of Education’s online system for managing student loans. Unfortunately, this is not news to our clients and other borrowers. We have been pointing out operational … Continue reading
Obama Administration’s Student Loan Proposals
President Obama announced a plan this week to help alleviate student loan burdens. The President’s plan shows that the Administration is hearing the voices of struggling student loan borrowers. It is a good step in providing some relief, but much more needs … Continue reading
Tagged Consolidation, Federal student loans, IBR
Denying the Rights of Low-Income Borrowers
Imagine this scenario–Congress passes a new tax deduction that primarily benefits middle income Americans and the I.R.S. decides not to provide the benefit because their staff can’t figure out how to reprogram their computers. It’s hard to imagine because it … Continue reading
Tagged Consolidation, Default
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
Tagged Collection, Consolidation, Disability, IBR, Rehabilitation
RSS