Student Loan Toolkit
The Student Loan Toolkit explains the basics of the student loan system, how to assess your own student loan situation, and your options for managing your student loan debt.
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Going to School on Robo-signing: How to Help Borrowers and Stop the Abuses in Private Student Loan Collection Cases
Predatory private student lending has shattered the dreams of many individuals who sought to better their lives through education. These loans have become a curse, rather than an opportunity, for a large and growing number of private student loan borrowers who are defaulting on their loans. Data is not publicly available on precisely which borrowers…
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The Sallie Mae Saga: A Government-Created, Student Debt Fueled Profit Machine
Student loan debt levels keep growing. There are nearly 39 million borrowers carrying over $1 trillion in federal student loan debt. About $120 billion of federal student loan debt was delinquent in 2012 — a 30.5% increase from fiscal year 2011. Most borrowers fall behind on student loan payments because they are unable to complete…
Read More about The Sallie Mae Saga: A Government-Created, Student Debt Fueled Profit Machine
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Too Small to Help: The Plight of Financially Distressed Private Student Loan Borrowers
The private student loan industry generated huge profits for lenders and investors for many years. Over time, however, the defects in these expensive, unsustainable products became clear and the loans began to fail. The industry hit a wall, exposing the risks of making unsecured, expensive loans to borrowers with little or no ability to repay.…
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Paying the Price: The High Cost of Private Student Loans and the Dangers for Student Borrowers
Private student loans are made by lenders to students and families outside of the federal student loan program. They are not subsidized or insured by the federal government and may be provided by banks, non-profits, or other financial institutions. The borrowing limits in the federal loan programs, the skyrocketing cost of higher education and aggressive…
