Obama Student Loan Forgiveness

What is the Obama Student Loan Forgiveness Program?

The Sherpa Blog, Money Saving Tips, Scam Alert, Student Loans 1 Comment

More and more companies are advertising services to sign people up for the Obama Student Loan Forgiveness Program.  The sales pitch makes it seem as if making a simple phone call can fix all of your student loan programs. The truth is that there are some student loan forgiveness programs …

The SherpaWhat is the Obama Student Loan Forgiveness Program?
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Delaney Introduces HR 449 – The Discharge Student Loans in Bankruptcy Act of 2015

The Sherpa Bankruptcy, Blog, News, Student Loans 3 Comments

For most people who run into a personal finance crisis, bankruptcy is a last act of desperation to get their debt under control.  It isn’t pretty or easy, and it follows you around for years, but it is the first step to a fresh start. A glaring exception to the …

The SherpaDelaney Introduces HR 449 – The Discharge Student Loans in Bankruptcy Act of 2015
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Drowning in debt: The Guide to Lower Student Loan Payments

The Sherpa Blog, Lower Payments, Student Loans 1 Comment

Most student loan issues boil down to one simple problem: my student loan bills are too high and I can’t afford them. This one problem leads to many other problems: late fees, compounding interest, collection calls or even lawsuits. This article is a collection of tools, tips, and tactics that …

The SherpaDrowning in debt: The Guide to Lower Student Loan Payments
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Hackers to Target Sallie Mae?

The Sherpa Blog, News, Student Loans 2 Comments

This week a twitter account associated with the hacker collective anonymous sent out the following tweet: Coming soon. #OpSallieMae Expect us, @SallieMae. — TheAnonMessage (@TheAnonMessage) January 14, 2015 To the surprise of nobody, twitter liked the idea… @TheAnonMessage they have me in their debt for 100k – end my slavery …

The SherpaHackers to Target Sallie Mae?
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Student Loans and the 2015 State of the Union

The Sherpa Blog, News, Student Loans 3 Comments

President Obama was in vintage campaign trail form during tonight’s State of the Union.  He touted his accomplishments, and took Republicans to task for the failings of Congress.  Unlike last year, when student loans were largely ignored, they played a bigger role in the 2015 State of the Union.  In …

The SherpaStudent Loans and the 2015 State of the Union
sallie mae student loans review

The Big Navient Review

The Sherpa Blog, Student Loans 2 Comments

  Last year Sallie Mae cut up its company into two separate student loan companies. Sallie Mae held on to some of its loans and assets, and a number of them went to a new company called Navient. At present these are two entirely seperate companies, but from a borrower …

The SherpaThe Big Navient Review
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Mailbag: Struggling with Student Loans Abroad

The Sherpa Blog, Lower Payments, Mailbag, Student Loans 2 Comments

The other day I received an email from a reader trying to help her brother, who lives out of the country, with his student loans: My brother has 2 private loans, each 40K. First loan has 7% rate and the other has 10%. My brother had studied on a student …

The SherpaMailbag: Struggling with Student Loans Abroad
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Ask The Student Loan Sherpa

The Sherpa Blog, Student Loans Leave a Comment

If you have questions about your student loans, I am happy to help.  Guiding people through their individual situations helps me stay on top of the latest issues and developments in the world of student loans.  Your questions are often the inspiration behind blog articles, and hopefully, your questions inspire …

The SherpaAsk The Student Loan Sherpa
free community college and student loans

What Obama’s Plan for Free Community College Means for Student Loans

The Sherpa Blog, News, Student Loans 4 Comments

This week President Obama unveiled a major plan to make community college free.  For the many Americans with huge student loan debt, this plan sounds like too little, too late.  In some ways it is especially frustrating.  Not only will we be expected to pay for our education, but as …

The SherpaWhat Obama’s Plan for Free Community College Means for Student Loans
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Should I sell my stock to pay off my student loans?

The Sherpa Blog, Money Saving Tips, Student Loans 2 Comments

The other day I had a strange conversation with someone.  They owed about $20,000 to one lender at 11% and had a few other loans in the 2 to 4% range.  As we discussed things, this bombshell was dropped, “I have like $30,000 in IBM stock, should I think about …

The SherpaShould I sell my stock to pay off my student loans?