Author Archives: defaultprevention

About defaultprevention

Default Prevention Specialist since 1998.

Loan Forgiveness Program Major Changes

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

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5,000,000 borrowers in Default Status

The Wall Street Journal reported today that "The number of Americans severely behind on payments on federal student loans reached roughly 4.6 million in the third quarter"….read more.

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Bankers Ease Rules on Private Loan Automatic Defaults

Private lenders are revising student loan contracts to ensure people are not placed in default when the co-signer of their loan dies or declares bankruptcy, putting an end to a practice brought to light by the Consumer Financial Protection Bureau. … Continue reading

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Navient Earnings Report

Navient Corporation’s NAVI third-quarter 2016 core earnings of 50 cents per share beat the Zacks Consensus Estimate of 47 cents. Also, the figure improved 6.4% year over year. The third-quarter results of Navient were aided by lower provision for credit … Continue reading

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What Does the Average Graduate Owe

So just how much does the average American owe post-college? Here are some key statistics on student debt, courtesy of Student Loan Hero: The average Class of 2016 graduate racked up just over $37,000 in student debt, up 6% from … Continue reading

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Does Bernie Sanders Understand the Student Loan Program

Bernie Sanders, stated the other day “In my view, if you can refinance your home today for 2, 3 percent, why the hell are we paying 8 or 10 percent interest rates on student debt?” First of all mortgage rates … Continue reading

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Your Uncle Sam Is Largest Holder of Student Loan Debt. But Not Always

A recent article on student loan debt suggests that Uncle Sam has not always been the largest holder of student loan debt. According to Courtney Miller, NerdWallet in a USA Today December 21, 2015 article. Here is an exact copy … Continue reading

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