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Student Loan Default

Think Twice Before Borrowing for Your Kid's College

NerdWallet | Posted 02.13.2017 | College

Sixty-year-old Pamela Last doesn't have a college degree -- but she has roughly $200,000 in student debt. Like a growing number of parents, Last took...

How to Prevent a Student Loan Default Before It's Too Late

Stephen Dash | Posted 05.12.2016 | Money
Stephen Dash

The most commonly cited reason for defaulting on student loans is the inability to afford monthly payments. If you believe your chance for default is high, there are preventative tactics to make sure you don't suffer the consequences of a student loan default.

Yes, You Can Use Government Money to Get Out of Student Loan Default

Steve Rhode | Posted 03.12.2015 | Money
Steve Rhode

Sometimes in life you come across something that seems like it just simply can't be true. This seems like one of those things, but in this case it is absolutely and unbelievably true.

Shahien Nasiripour

Seniors Forced Into Poverty As Education Department Demands Payment | Shahien Nasiripour | Posted 09.24.2014 | Politics

The Education Department is demanding so much money from seniors with defaulted student loans that it's forcing tens of thousands of them into poverty...

Student Loan Borrowers Struggle When Co-Signers Die Or Go Bankrupt

Reuters | Posted 06.21.2014 | Business

WASHINGTON, April 22 (Reuters) - The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into defaul...

Student Loans -- Do Criminals Have More Rights?

Richard Gaudreau | Posted 07.29.2013 | College
Richard Gaudreau

Student lenders have collection powers denied most creditors. Credit card companies can't garnish your wages without a court order. A federal student loan collector can garnish your wages just by sending a notice in the mail to your employer.

Chris Kirkham

Senators Call For Investigation Of Aggressive Student Loan Tactics At For-Profit Colleges | Chris Kirkham | Posted 12.27.2012 | Business

As growing numbers of students at for-profit colleges have defaulted on their debts in recent years, bringing government scrutiny and the threat of fi...

The Age Group Most Likely To Default On Their Student Loans

The Huffington Post | Harry Bradford | Posted 07.19.2012 | Business

Today, Americans are collectively struggling with a trillion dollars in student loan debt. That's hitting borrowers of all ages, of course. But which ...

States With The Highest Student Loan-Default Rates

Posted 12.19.2011 | College

With the faltering economy and rising tuition rates, America's student loan default rate has skyrocketed in recent years. According to the Department ...

Generation Debt at the Barricades

Anya Kamenetz | Posted 12.10.2011 | College
Anya Kamenetz

College tuition has grown more than any other good or service in the Consumer Price Index since 1978. Occupy Wall Street is Generation Debt at the barricades expressing their deep sense of betrayal.

Chris Kirkham

Led By For-Profit Colleges, Student Loan Defaults At Highest Level In A Decade | Chris Kirkham | Posted 11.12.2011 | Business

Students at for-profit colleges are more than twice as likely to default on federal loans as their peers at public institutions, according to new data...

Government Cashes In On Defaulted Student Loans

Posted 05.25.2011 | College

Defaulting on student loans can be a nightmare for borrowers but, according to the Wall Street Journal, the practice is a boon to the national bank ac...

Nearly Half Of Federal Loans Paid To For-Profit Colleges In Default

Posted 05.25.2011 | College

A whopping 46.3 percent of federal loans distributed to students at for-profit colleges in 2008 would go into default, according to new Education Depa...