Monthly Archives: June 2014

Student Loan Refinancing Act

Dem Senator Elizabeth Warren introduced the “Bank on Students Emergency Loan Refinancing Act” to congress in June which would have made federal student loans cheaper by letting students refinance their debt at current interest rates. Yet, last Friday, the Senate … Continue reading

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Student Loan Collectors Being Looked at By Wall Street

Big private equity firms are exploring investing in or outright acquiring student loan collection agencies as the market for student loans grows super fast. The report specifically cited the Carlyle Group as a potential suitor for one of the 23 … Continue reading

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Executive Order Recap

An excutive order from the current Obama administration modestly expands the existing pay-as-you-earn program, which capped monthly payments at 10 percent of a borrower’s income. The government now forgives any remaining balance after 10 years for those in public service … Continue reading

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Student Debt- Student Driven, School Driven, or Lender Driven

Huffington Post reports today that the President’s executive makes it easier for students to manage their growing debt burdens more easily. Making it easier to borrow — then default at a higher rate -will push a problem over the edge. … Continue reading

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Hula and Defaults

Hawaii student loan defaults are rampant at some Hawaii campuses. The default rate is less than the national average, but there are problems at some for-profit and two-year schools. Default consequences include steep collection fees, seizure of income and legal … Continue reading

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New Bill Allows for Student Loan Refinance

The executive order Obama signed during a live-streamed White House appearance expands on a 2010 law that protects those who borrowed after October 2007 and continued to borrow after October 2011. The order allows those who borrowed earlier to participate, … Continue reading

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