Corinthian College Complaint

Consumer Financial Protection Bureau goes on the Offensive… Again.

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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

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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

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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
Guide to Getting First Student Loan

Guide to Getting your First Student Loan

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For most people getting student loans is a pretty easy process.  You fill out some paperwork, sign your name, and before you know it, tuition is paid in full.  Unfortunately, getting the right student loans is not so simple.  Repayment plans, interest rates, fees and cosigners make navigating the student …

The SherpaGuide to Getting your First Student Loan
Cosigned Student loans affect mortgage.

Lenders look to deny mortgages over co-signed student loans

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It seems obvious that having student loans would making buying a home more difficult.  The surprising thing is how negatively student loans can affect the ability to buy a home, even in the case of a co-signer. One Family’s Story I just heard from a reader who was applying for …

The SherpaLenders look to deny mortgages over co-signed student loans
prosper.com student loan consolidation

Review of Prosper.com for Student Loan Consolidation

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Prosper.com Full Review Let me start by saying that Prosper.com and other peer-to-peer lending sites offer a fantastic product.  Peer-to-peer lending is one of the most exciting developments of the internet age.  By allowing many strangers to come together in this manner, people are able to get a great return …

The SherpaReview of Prosper.com for Student Loan Consolidation
student loans bankruptcy change

8th Circuit Gives Student Loan Borrowers Hope For Bankruptcy

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In the world of student loans, things have gotten very desperate.  For people unburdened by student debt, bankruptcy is a last act of desperation.  It has devastating consequences, but it is a path to a fresh start.  Yet this act of financial desperation is something that many student loan borrowers …

The Sherpa8th Circuit Gives Student Loan Borrowers Hope For Bankruptcy
college credit cards student loans

Credit Cards and College: An Easy Decision

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Last weekend the local paper had a financial advice column for parents of students headed off to college.  This “financial expert” suggested that even though building a credit history important, college freshman and sophomores are likely not ready for the responsibilities of a credit card.  In this experts eyes, credit …

The SherpaCredit Cards and College: An Easy Decision