I’m Frugal But My Student Loans Are Too Expensive

In addition to garnishing wages, they are also allowed to garnish tax refunds, Social Security checks, and any other government payments. Because student loans cannot be discharged in bankruptcy, it is usually recommended that former students come up with some way to make payments on the loan. If making the minimum monthly payments is too difficult, it might be time to consider loan consolidation. Through this process, student loans are essentially refinanced. Its possible to get a lower interest rate, a longer payment period, and better loan terms through consolidation. Do not make the mistake of expecting to get out of your student loans by filing bankruptcy.
Source: http://www.examiner.com/article/student-loans-and-bankruptcy

Student loan repayment troubles? Don’t delay

Michael White’s Liberty Street Brass Band dances in front of McAlister Auditorium on the campus of Tulane University after the the freshman convocation opening the new term at the campus in New Orleans in 2006. Louisiana’s graduating college seniors with student loans had an average debt load of $22,789 in 2012. . (Andy Nelson/Staff/File) 10. Louisiana Average debt: $22,789 Proportion of students with debt: 48 percent State averages for student loans varied widely in 2012.
Source: http://www.csmonitor.com/Business/2014/0120/Student-loans-a-worry-10-states-with-the-lowest-student-debt/Louisiana

Student loans: Cuomo to set up NY watchdog

In his budget proposal Tuesday, Jan. 21, 2014, he’s expected to outline a watchdog group that would aim to protect New Yorkers from rip-offs on student loans. Mike Groll/AP/File ALBANY, N.Y. New York Gov. Andrew Cuomo plans to establish a watchdog group to protectstudentsfrom predatory lenders. The Christian Science Monitor Weekly Digital Edition The so-calledStudentProtection Unit, expected to be detailed in the governor’s budget proposal Tuesday, would keep an eye onstudentloancompanies and other financial firms.
Source: http://www.csmonitor.com/Business/Latest-News-Wires/2014/0121/Student-loans-Cuomo-to-set-up-NY-watchdog

Student loans and bankruptcy

I generally recommend it only when a person’s consumer debt is more than their annual income and they don’t see any way to pay the debt in the foreseeable future. Bankruptcy costs too much in time, money and future consequences to be used as anything other than a last resort. Another problem with bankruptcy is that it probably won’t get rid of your student loan debt. Long ago, students could finish their education, have student loans discharged in bankruptcy while they were still young and broke, and then start their careers unencumbered by debts for the education that made those careers possible. Now, unfortunately for you, the rules have changed. Student loans are generally not discharged in bankruptcy.
Source: http://www.creditcards.com/credit-card-news/student-loan-bankruptcy-wage-garnishement-1294.php

Student loans a worry? 10 states with the lowest student debt

Unfortunately, average salaries for young people have not. In fact, since 2000, the average salary for young people has decreased by 10 percent . It’s no wonder that we are seeing millennials delaying starting families, making car purchases and buying homes . 5.) Your Student Loans Could Make You Unemployable With seven million Americans defaulting on their student loans, http://www.obamastudentloanforgiveness.net this also means that seven million Americans will have their personal credit plummet and be deemed unhireable by many employers as a result. Once a borrower has defaulted on a student loan, this can also result in automatically becoming ineligible for some government jobs .
Source: http://www.huffingtonpost.com/kyle-mccarthy/10-fun-facts-about-student-loan-debt_b_4639044.html

10 Fun Facts About the Student Debt Crisis

I wish I’d stayed in the military a long time ago, had not got married, etc, etc. I can’t change what happened, but unlike other debt you can get rid of or get refinancing, a student loan is hanged around your neck and you forced to carry it around like a sign that has “kick me” on it. I was better off before I ever got a so-called, better education. And I know I am not the only one. Randall Click here to get my free my weekday email newsletter with the latest tips and advice on how to beat debt and do better financially.
Source: http://www.wral.com/i-m-frugal-but-my-student-loans-are-too-expensive/13322191/


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