Category Archives: student loans

In re Engen: Nondischargable student loans create a “prison of emotional confinement”

Bankruptcy Judge Robert Berger issued an opinion in 2016 that deserves to be better known than it is. Although the substance of Judge Berger’s decision focused on an arcane provision of bankruptcy law, it also contains a trenchant summary of the misery that has been inflicted on millions of Americans by the federal student loan program. In re

Dude! Don’t move to India to escape student loans!

Zero Hedge posted an article yesterday about people who fled the United States to escape their student loans. (Annie Nova wrote the original story for CNBC).  Chad Haag, for example, graduated from the University of Northern Colorado and emigrated to India to get away from $20,000 in college-loan debt. Apparently, Haag is somewhat ambivalent about

Take out student loans, get a college degree, and then go to work for a rental car agency: Is this the American Dream?

Enterprise Rent-A-Car is the number one employer of college graduates in the United States. According to Chronicle of Higher Education, Enterprise expects to hire 8,500 college graduates in 2019. In fact, three of the top ten companies for hiring college graduates are car rental companies: Enterprise, Hertz, and Avis. For Enterprise, CHE reported,

Should You Pay Off Student Loans Immediately or Over Time?

When you start your post-college career, you may be tempted to breathe a sigh of relief. Before you do that, you have important decisions to make. You’ll have to stretch your paycheck to cover your new lifestyle and associated expenses: a furnished home or apartment, vehicle, insurance, and hopefully a 401K contribution. If you are like 70% of col

International Student Loans for Students from the UK

US institutions are attracting students from around the globe and applications from Europe are on the rise. The number of UK students looking to study a graduate program in the US continues to increase, and undergraduate programs are only just behind. This article will tell you all the basics about international student loans for students from

International Student Loans – key facts about international students in the US and US study abroad students

It’s always interesting to look back at the previous year to get a feel for what’s going on in international education. Of course, we’re particularly interested in finding the perfect student loan for international students. So here are some key facts about international students in the US and US study abroad students. Whether you’re a foreign

International Student Loans for Indian Students

As greater numbers of students from around the world are traveling to study a degree in the US, and tuition fees are rising, international student loans are growing increasingly necessary. Indian students, alone, accounted for 17.9% of the total foreign students in the US in 2017-18, second only to Chinese students at 33%. This article discusse

5 Myths About Student Loans

Most students hear the myths about student loans before even attending college. Others simply don’t understand whether a student loan is right for them. This article will debunk some of the major myths surrounding student loans and help students choose the path that’s right for them.  If you don’t have the family finances, you can’t attend coll

Another Way to Repay: Student Loan Forgiveness Under Income-Driven Repayment Plans

About the author: National Consumer Law Center intern Kendra Cobb is a rising third-year law student at Howard University School of Law who is passionate about financial services and economic empowerment. She serves as Vice-President of the Business Law Society and has experience working with the U.S. Securities and Exchange Commission, an estate

Student Loan Forgiveness Cannot Work Without a Right to a Payment History

This post originally appeared on https://protectborrowers.org/qualifying-payments/ This year, we’ve seen lawmakers in states across the country demand accountability from the private-sector student loan companies that handle loans for more than 44 million Americans. These breakdowns include lost paperwork and shoddy record-keeping when loans are