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Private Student Loan

I Make Too Much Money to Repay My Student Loans

Steve Rhode | Posted 01.18.2017 | Business
Steve Rhode

Question: Dear Steve, Great credit and can afford student loan payment, but I can only afford the interest only payment. Any options for a guy who w...

Why Defaulting on Private Student Loans Is Not as Crazy or Irresponsible as it Sounds

Steve Rhode | Posted 01.18.2017 | College
Steve Rhode

The real question everyone needs to ask is at what point do you sacrifice a safer financial future to attempt to remedy an unfortunate past financial situation? To understand the role and/or strategy of this approach you have to apply math and reality rather than just emotion and assumptions. Which do you think your banker is using?

I Stopped Paying My Daughter's Cosigned Navient Student Loan

Steve Rhode | Posted 01.13.2017 | Business
Steve Rhode

Question: Dear Steve, Hi Steve, I co-signed my daughter's student loans which she and her husband stopped paying because Navient was asking for $1,1...

Private Student Loan Lenders Silently Slash Debt But You Don't Know It

Steve Rhode | Posted 12.17.2016 | Business
Steve Rhode

Dealing with student loans can be a frightening process. Not only is student loan debt exploding but there is a significant amount of concern that many students were misled and lied to by schools willing to sell butts into seats with nearly almost any misrepresentation.

There Is No Way I Can Ever Afford My Private Student Loans. What Can I Do?

Steve Rhode | Posted 12.15.2016 | Business
Steve Rhode

Faced with a lack or loss of income and a demand for payments you can't afford to make over a long period of time, your choices on what to do are limited, but you have some.

How Can I Make ACS Verify My Student Loan Balance?

Steve Rhode | Posted 08.26.2016 | Business
Steve Rhode

An exploding balance is alarming. To see your balance growing so much that it approaches doubling is certainly a concern. But there are some very valid reasons why this might happen.

Department of Education Reaches Decision About Student Loans and Bankruptcy

Steve Rhode | Posted 07.09.2016 | Business
Steve Rhode

The Department of Education has just released guidance on how it will handle bankruptcy discharge requests for government backed student loan debt. And while the guidance is helpful, it's also a bit disingenuous in that it places the burden on students who believed what schools and colleges sold them as a smart financial move.

Can I Throw This Student Loan Back to My Ex-Wife?

Steve Rhode | Posted 06.17.2016 | Business
Steve Rhode

I was wondering if there was any type of escape clause in our situation where the actual student who borrowed the money is no longer affiliated with the loan and the signer and co-signer are elderly with no means to pay the loan.

Why Have My Private Student Lenders Not Sued Me Yet?

Steve Rhode | Posted 06.09.2015 | Money
Steve Rhode

Dear Steve, I went to a public school and obtained 2 degrees. A good portion of my student loan debt were in private loans. The economy crashed ...

Private Education Loans Need Practical Reform

Suraj Bhatt | Posted 05.13.2015 | College
Suraj Bhatt

The inability to defer private education loans adds tremendous pressure to these students and their families. If a student is in school when repayment must begin, there is an unavoidable shift of responsibility to the co-signer. Is this always fair?

Private Student Loan Business Declares War on Borrowers

Richard Gaudreau | Posted 03.09.2015 | Business
Richard Gaudreau

When unemployment, illness or a divorce force consumers to choose between paying the rent or a student loan, private loan servicers insist on full payment. So begins the chronic slide into bad credit, nasty collection calls, and eventual lawsuits.

Top 10 Reasons You Should Stop Paying Your Unaffordable Private Student Loan

Steve Rhode | Posted 01.14.2015 | Money
Steve Rhode

Right now if you have federal student loans there are good options to help lower or eliminate your monthly payment. To see those options, click here. ...

Shouldn't My Bank Have Backed Off During My Bankruptcy?

Steve Rhode | Posted 12.13.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I graduated college in August 2010 and filed Chapter 13 bankruptcy in September of 2010 to get rid of so...

A Debt Collector is Trying to Get Me to Pay An Old Private Student Loan

Steve Rhode | Posted 11.19.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, I listed a private student loan, for a vocational school. I don't know if it was discharged or not. How ...

Is It True My Sallie Mae Student Loan Could Have Been Discharged in Bankruptcy? - David

Steve Rhode | Posted 10.20.2014 | College
Steve Rhode

Huffington Post Reader Question Dear Steve, I filed Ch 7 in 2008 and had federal & private student loans. For the student loans in question, I took...

Can My Wages Be Garnished For a Student Loan?

Steve Rhode | Posted 10.19.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My private student loan from Chase went into default. I worked part-time just above minimum wage while i...

My Private Student Loan Debt Is Not Being Eliminated Because of My Disability

Steve Rhode | Posted 08.25.2014 | Money
Steve Rhode

Huffington Post Reader Question I am a 62 yr. old male. I am disabled since approximately 1977. Have been on Disability from work and on SSDI forever...

How to Get a Co-Signer Off a Private Student Loan

Steve Rhode | Posted 11.08.2014 | Money
Steve Rhode

Private student loans are bad news all by themselves but when you add in a co-signer, things can get very financially messy. Co-signers think they ar...

Why Is NCO Financial Collecting on My Private Student Loan in Bankruptcy?

Steve Rhode | Posted 02.26.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My private student loan defaulted because my co-signer filed for Chapter 13. It was in good standing as ...

I Went to the Same School as Edward Snowden and I Want My Money Back

Steve Rhode | Posted 02.25.2014 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, Tech School was a fraud. I attended Computer Career Institute at Johns Hopkins in 2003. After reading th...

I Can't Pay My Private Student Loans My Parents Cosigned For

Steve Rhode | Posted 01.27.2014 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, Graduated in 2012 with a Bachelors degree in Fine Arts (sculpture). Have about $70k in private loan debt...

My Husband Had His Private Student Loans Eliminated in Bankruptcy But Mine Were Not

Steve Rhode | Posted 11.11.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I declared bankruptcy almost 5 years ago and the attorney told me that it was impossible to discharge st...

But You Said I Could Get Rid of My Flight School Loans

Steve Rhode | Posted 11.09.2013 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, Student loan debt can't get out of it and have filed bankrupt 6 yrs ago and included it in but wasn't ab...

My Grandfather Cosigned for My Student Loan I Can't Pay

Steve Rhode | Posted 10.26.2013 | Business
Steve Rhode

Huffington Post Reader Question My grandfather co-signed for me a few student loans through aessuccess.org in 2004. Within 3 days, I received the fun...

The Debt Collector Lied I Could Settle My Private Student Loan Debt

Steve Rhode | Posted 06.26.2013 | Business
Steve Rhode

Applying logic or assumptions to a corporate policy is never going to work. The agents are limited by the policies and procedures in place at the time of the event.