Submitted by Lee M. Perlman, New Jersey Bankruptcy Attorney When you’re told that your college will be shutting down, there can be a lot of uncertainty about what comes next. In light of recent closures of certain for-profit colleges, we wanted to share some helpful advice to help you navigate the situation. This information and […]
Student Loan Facts They Wish They Had Known
Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. The problem with a lot of the advice that teenagers and their families get about higher education debt is that it’s totally, utterly bloodless. The federal Department of Education takes its shot in its role as the de facto provider of advice to people borrowing their first […]
Navigating the Thickets of Student Loan Counseling
Navigating the Thickets of Student Loan Counseling APRIL 24, 2015 By RON LIEBER Submitted by New Jersey Bankruptcy Attorney, Lee Perlman As a former student loan borrower himself, President Obama has more than a passing familiarity with the complexities of higher education finance. But in a little-noticed bit of comment last year in an interview […]
Help Is on the Way for Repaying Student Loans
If you are struggling with student loans that you took out before October 2007, there is a new, more generous option in the works that may help you manage your debt payments. In June, President Obama signed an executive order that expanded the “pay as you earn” program, known as PAYE. The program caps monthly […]
EDITORIAL: Student Loan Debt Should not be Exempt in Bankruptcies
Published in the New Haven Register here. In this July 18, 2013, photo, U.S. Sen. Tom Harkin, D-Iowa, chairman of the Senate Education Committee, announces to reporters that a bipartisan agreement was reached on rates for government student loans in Washington. From left are Sen. Tom Carper, D-Del., Harkin, Sen. Joe Manchin, D-W.V., Sen. Angus […]
It’s Official: The Boomerang Kids Won’t Leave
By ADAM DAVIDSONJUNE 20, 2014 Adrianne Smith, 28, graduated from the University of Central Florida in 2008 and went to work as a behavioral analyst treating children on the autism spectrum. She was quickly making more than $60,000 a year, but in order to earn that money, “I had a huge caseload,” she said, handling […]
High Cost to Focusing on Student Loans Over Saving
This week, President Obama ordered changes to the federal student loan program that could help millions of borrowers make their payments more affordable starting in December 2015. In a short speech in which he used the word “outrage” twice, he noted that he and his wife, Michelle, paid off their own student loan debt only […]
Young and in Debt in New York City
Student Loans Make it Hard to Rent or Buy a Home Photo Tierney Cooke and Oliver have at last found a place to live in Bedford-Stuyvesant, Brooklyn. Both student debt and the dog have hampered her housing searches in New York. Credit Karsten Moran for The New York Times For young people, moving to New […]
Fighting Against Predatory Student Loans
Recently a trade college in Indiana found itself the subject of a law suit for their alleged use of predatory student loans and unethical tactics used in order to ensure repayment of the loans. The Indiana based school boast some of the highest tuition rates in the country in the private for profit education industry. […]
Relief From Student Loan Debt for Public Service Workers
Jim Winn for The New York Times Travis and Stephanie Gay are special education teachers who participated in a state debt forgiveness program. By ANN CARRNS Published: September 10, 2013 in The New York Times Raha Wala, a 30-year-old lawyer for an international human rights organization, is facing $200,000 in student loan debt. But if […]
