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: Ensure that Borrowers
We wrote a while ago about a new law that was supposed to unclog the loan rehabilitation logjam. Since then, the market has rebounded and according to guaranty agencies, there are now buyers for most rehabilitated loans. However, we are finding that borrowers that are only able to m
Tim Ranzetta at Student Lending Analytics wrote recently about curing student loan defaults and rehabilitation. We have a few responses to this useful article based on our experiences representing and working with borrowers. 1. Reasonable and Affordable Repayment Borrowers seeking
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