Author Archives: defaultprevention

Senator Lamar Alexander says that the bill to re-approve the Higher Education Law must go through the education committee in about a month to give it time to go through Congress this year…read more

Anyone have thoughts on this article? https://goodmenproject.com/featured-content/student-loan-borrowers-should-absolutely-not-vote-for-pete-buttigieg-lbkr/

Current administration today released its fiscal year 2021 budget request, which proposes a $5.6 billion cut to Department of Education programs. The $66.6 billion funding request amounts to a 7.8% decrease compared to what was enacted in fiscal year (FY) … Continue reading →

STUDENT LOAN COUNSELING is required for student loan borrowers; however, each year students exit their school unaware of how much they borrowed, and many think they owe nothing…read more from US News and World Report

Loan rehabilitation is a one-time "Get out of default" card. Here’s how it works: The collection agency sets a monthly payment based on your income, minus any reasonable monthly expenses. The amount could be as low as $5 a month. … Continue reading →

2018 SFA Conference Highlights: Sec of Ed Betsy DeVos – Accountability and student loan debt is crisis Third Party Audits- Not necessary if all you are doing is default prevention. Just file an Assertion Letter with ED. "Third Party Oversight … Continue reading →

Is IBR plans helpful? I just recently read this article about IBR’s take a look here…https://www.forbes.com/sites/prestoncooper2/2018/08/07/income-based-repayment-reduces-student-loan-delinquency-but-dont-oversell-it/#7cf66f6e37d0 Matt Klabacka 702-610-8574 mobile/text

read full article here. https://www.educationnext.org/change-rules-unleash-innovation-forum-rethinking-rules-federal-higher-ed-spending/ Matt Klabacka Default Prevention 702-610-8574 mobile/text

ED is getting ready to throw a bone to the for profit industry by making all higher ed institutions comply with a gainful employment stylized reg….read more at wsj… https://www.wsj.com/articles/devos-plans-to-repeal-obama-rule-targeting-underperforming-training-colleges-1532641977 Matt Klabacka Default Prevention, Inc PO BOX 50682 Henderson, NV … Continue reading →

Recent Article in WSJ regarding loan forgiveness from Zack Friedman is a keynote speaker and Founder & CEO of Make Lemonade, a personal finance comparison site that helps you save money and live a better financial life. wall Street Journal … Continue reading →