One of the nation’s largest owners of private student loan debt has struggled to produce the paperwork needed to prove that it legally owns the debts it seeks to collect.
The Student Loan Debt Crisis Isn't Just A Problem For Millennials
Attending college is a cornerstone of the American Dream, but the path to get there looks different for everyone. A new report from student loan lender Sallie Mae found that families living in the Northeast are more likely than the rest...Show More Summary
In our guide to reducing student loan debt, we'll give you three major options and finish with a master list of state-by-state forgiveness programs. Reduce Your Student Loan Debt: A Guide To Forgiveness, Discharge, And Refinancing Programs appeared first on Money Under 30. © Moneyblogs, LLC.
The following post was originally featured on GOBankingRates. If you know someone who's in debt, you're not alone. From sea to shining sea, 68 percent of college students who graduated from college in 2015 had student loan debt, owing...Show More Summary
Since 2010, student loan debt has reached $1.5 Trillion. This growing debt is second only to mortgage debt in the U.S. This is bigger than the debt the nation of Colombia owes the IMF.
Like the mortgage lenders before them, Student Loan Debt Collection agents have people convinced they can't fight their student loan debt. Yet, MFI-Miami has again debunked the propaganda of sleaze from the Wall Street oligarchs. Just like we did with mortgage lenders.
``At least $5 billion in private troubled student loans may be dismissed because paperwork that proves loan ownership is missing... Judges have already dismissed dozens of lawsuits against former students, essentially eliminating their debts because of the paperwork problem, according to The Times. Show More Summary
Billions of dollars in student loans may be wiped out for tens of thousands of borrowers in the US because a lender didn't keep track of the paperwork verifying ownership of the loans, according to The New York Times. Read the full story...Show More Summary
How can you pay back student loans when you can barely pay your bills? It's not easy, but it is possible.
Private student loans are the worst of a bad bunch, with incredibly high interest rates and penalties on funds used to finance educations at the kinds of "universities" who later get their accreditations yanked for academic malpractice...Show More Summary
IN THE PROCESS OF SECURITIZATION, OFTEN THE ORIGINAL DOCUMENTS ARE LOST: As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away.. “Judges have already dismissed dozens of lawsuits against former students, essentially wiping out their debt, because documents proving who owns the loans are missing. A review of court records by The New […]
One of the biggest holders of private student loans appears to have flunked Bookkeeping 101—and that could be very good news for a lot of borrowers. The National Collegiate Student Loan Trust, a group of 15 trusts holding 800,000 student loans worth around $12 billion, has been pursuing...
Americans are more burdened by student loan debt than ever, with the average graduate in their 20s making $351 a month in student loan payments. Suggested changes to the federal student loan program could have even more college students questioning just how much student loan debt they want or can...
With tuition costs rising more than twice as quickly as consumer prices, a generation of recent college graduates are struggling to strike out on their own, burdened by a $1.4 trillion pile of debt that ineligible to be erased by the tonic of bankruptcy protection. Show More Summary
National Collegiate Funding (NCF) is an umbrella name for 15 trusts that collectively hold 800,000 private student loans, totaling some $12 billion in outstanding obligations. The only problem is that roughly $5 billion worth of those...Show More Summary
Judges have dismissed dozens of lawsuits against borrowers who defaulted on student loans from private creditors.
In an echo of the subprime mortgage crisis, one of the largest owners of troubled student loans cannot collect because documents are missing.
Because of the UK's dramatic shift from student grants to loans, a startling report from the Institute for Financial Studies predicts that 77.4% of university graduates in the UK's class of 2017 will not repay their full student loan obligations. This is up from 41.5% just six years ago in 2011. (more…)