student loan lessons mortgage crisis

Student Loan Lenders Need to Take a Page from the Mortgage Playbook

The Sherpa Blog, Student Loans Leave a Comment

In the post-Great Recession United States, getting qualified for a home loan has become much more difficult than what it used to be.  Banks are weary to lend money, and new federal regulations require more careful creation of mortgages. Buying a house is more difficult, but consumers are much less …

The SherpaStudent Loan Lenders Need to Take a Page from the Mortgage Playbook
Blumenthal Public Service Student Loan Forgiveness

Senator Blumenthal Jumps into Student Debt Fray

The Sherpa Blog, News, Student Loans Leave a Comment

Typically when we discuss a United States Senator making noise about student loans it is Senator Elizabeth Warren of Massachusetts.  Yesterday we heard from someone new. Senator Richard Blumenthal of Connecticut announced a plan to expand the Public Service Student Loan Forgiveness Program.  Currently, people working in public interest jobs, …

The SherpaSenator Blumenthal Jumps into Student Debt Fray
student loan study on housing market

Student Loans Eat $83 Billion in Housing Sales

The Sherpa Blog, Student Loans 2 Comments

How many home sales do student loans prevent? According to one California based Real Estate Consulting Group, the number is 414,000. The Findings Based on their calculations, the 414,000 lost home sales equates to $83 Billion dollars, or 8% of the housing market. The stat that should put things in …

The SherpaStudent Loans Eat $83 Billion in Housing Sales
bank in a lie

I caught my bank in a lie… now what?

The Sherpa Blog, Student Loans 3 Comments

This past month I have been investigating an irregularity with my bank and it got me thinking about the issue of trust.  Whether you are investing, banking, or getting student loans, you come into contact with massive companies.  These corporations are obviously in business to make money, but it is …

The SherpaI caught my bank in a lie… now what?
citizens bank charter one review

Citizens Bank/Charter One Student Loan Consolidation Review

The Sherpa Blog, Student Loan Consolidation Reviews, Student Loans Leave a Comment

  Charter One Bank, along with parent company Citizens Bank, recently jumped into the student loan consolidation/refinancing market.  Though these are technically two different entities, the loan rates and terms appear to be exactly the same.  Based upon their advertised interest rates, their loans may be among the best options …

The SherpaCitizens Bank/Charter One Student Loan Consolidation Review
Corinthian College Complaint

Consumer Financial Protection Bureau goes on the Offensive… Again.

The Sherpa Blog, News, Student Loans 1 Comment

Months after filing a complain against for-profit giant ITT, the Consumer Financial Protection Bureau (CFPB) has filed another lawsuit against another for-profit college, this time the Corinthian Colleges chain.  The allegations in this complaint demonstrate some of the many obstacles that student borrowers face. The CFPB complaint alleges that Corinthian: …

The SherpaConsumer Financial Protection Bureau goes on the Offensive… Again.
Student Loans International Travel

Managing your student loans when you are out of the country

The Sherpa Blog, Student Loans 1 Comment

Even in the most ideal conditions, keeping your student loans under control can be a hassle.  If you work out of the United States, be it through military service, work with the peace corps, or any other job, keeping your lenders at bay gets tricky.  However, if you plan ahead, …

The SherpaManaging your student loans when you are out of the country
Warren Bank on Students Refinancing

Warren Doubles Down on the Bank on Students Emergency Loan Refinancing Act

The Sherpa Blog, News, Student Loans Leave a Comment

Last May we reported when Senator Warren first proposed the Bank on Students Emergency Loan Refinancing Act.  Though the bill garnered support of over half the Senate, it never made it to a vote because of a filibuster.  Today Warren published an Op-Ed to drum up support for the reintroduction …

The SherpaWarren Doubles Down on the Bank on Students Emergency Loan Refinancing Act