Below you'll find a list of all posts that have been categorized as “Blog”
Those who don’t learn from history are doomed to repeat it. In the world of student loans and higher education, we are seeing unprecedented college costs, debt levels, and delinquency rates. Though history does not offer much insight on this particular problem, lessons from the sub-prime mortgage crisis can certainly …
Our first Profile in Student Loans is Colleen. Colleen works full time as a social worker. On nearly a daily basis Colleen enters strange and possibly dangerous situations to help the most vulnerable of her community. It is a thankless job, but children in difficult situations need an advocate and …
For a brief period of time, I thought I had addressed all of my consolidation issues. My many smaller loans were all paid and I was left with one big giant loan at myfedloan. Then the letter came. I was informed that I had one month until my first bill …
Scam is a harsh term that gets thrown around a little too casually, especially on the internet. However, sometimes it is entirely appropriate. This is one of those times. A Brief History During the worst of the recent recession, banks were charging hefty overdraft fees when a consumer’s spending exceeded …
Problem Abstract: Much of the national discussion regarding student loan has centered on one type of federal loan. A broader approach is necessary. Goals: The price of college has escalated out of control and needs to be reined in. Borrowers and lenders alike need to be more responsible when it …
I must confess. I am guilty of spending far too much time in front of my TV. On an average day I would estimate that I watch at least two hours of television. While I’m making my television confessions I should also admit that during Black Friday 2011, I purchased …
The following eight simple steps will get your Sallie Mae interest rate lowered to 3% and as a result lower, your monthly payments. Here is the story of how I stumbled upon this method. Note: The following steps apply to Sallie Mae Private loans. Click here for ways to lower …
There are two prevailing notions among borrowers when it comes to student loans and bankruptcy. The first is that student loans work just like credit cards; if you get too far over your head, you can declare bankruptcy and get a fresh start. The second is that it is impossible …
Editor’s Note: This article was originally published in March of 2013. Over the years Sallie Mae (and now Navient) has had a variety of “Rate Reduction” programs. While the name hasn’t changed, the rules seem to vary from borrower to borrower. The tactics outlined below have helped numerous borrowers over …
Editor’s Note: My massive student debt was consolidated in early 2013. This debacle was part of the reason that the Student Loan Sherpa came into existence. The past few months I have been consolidating my Federal Student Loans. With well over 100k worth of this debt, I’ve been very careful to …
