Collections, Intercepts,
Deferments, Discharges, Repayment Plans, and Trade School Abuses
The Bad News
Millions of Americans, delinquent on their student loans, often because
of financial hardship or trade school fraud, feel the full brunt of federal
collection:
- Tax refund intercepts
- Administrative wage garnishment
- Seizure of Social Security or other federal benefits
- Lawsuits with no statute of limitations
- Shockingly high collection fees
- Private collector harassment
- Sharp limits on bankruptcy discharges
- Bad credit records; and
- Ineligibility for new federal loans and grants.
The Good News
A legal practice manual that for the first time comprehensively analyzes
all the remedies and strategies for students delinquent on their
loans:
- Financial hardship and other loan deferments
- Affordable repayment plans, income-contingent loan consolidations,
loan rehabilitation, and compromise and write-off authority
- Rights to stop tax intercepts, wage garnishments, and seizure of Social
Security benefits.
- Legal claims against unfair or deceptive collection practices
- Loan discharge based on school closure, fraud, or failure to make
owed refunds
- Discharge based on disability
- Strategies to deal with student loans in bankruptcy
- Minimizing collection fees
- Trade school abuses and raising school misconduct as a loan defense.
|
 Everything
You Need on a CD-Rom
- Discharge, deferment, forbearance, and loan
consolidation forms
- Numerous sample pleadings, from requesting an affordable
repayment plan to challenging debt collection harassment
- 40-page Financial Aid Guide (2006-2007) in both English
and Spanish
- Important Department of Education policy guidance
letters
- Key federal statutes, regulations,
and proposed regulations.
|
|
|
Praise
for the NCLC Manuals |
