How To Get a ?Student Loan Bailout?

Posted on August 22, 2011

How To Get a “Student Loan Bailout”

Cleveland, OH (Vocus/PRWEB) April 18, 2011

The last decade has seen college loans explode in the U.S., prompting the publishers at CollegeMadeSimple.com to share helpful information on how eligible students can eliminate their college loan debt.

According to an April 11, 2011 article from The New York Times, “Burden of College Loans on Graduates Grows,” student loan debt is likely to top $ 1 trillion this year. (It was less than $ 200 billion as recently as the year 2000.)

Of course, student loans are not all bad. They provide the funds necessary to attend college for hundreds of thousands of kids, year after year. But they also leave many students with a mortgage-sized debt around their neck upon graduation… often crippling their chances of buying their first home, or delaying other major life decisions.

That’s why college admissions and financial aid expert Scott Weingold created the new report, “How To Get a Student Loan Bailout.”

“I developed this report with one goal in mind: give parents and their college-bound kids the details on how to become eligible for a student loan bailout,” says Scott. “For students who qualify, any outstanding college debts will be wiped clean.”

Follow this link to access the full report on CollegeMadeSimple.com: How To Get A Student Loan Bailout

http://www.collegemadesimple.com/student-loan-bailout-pr/

*Scott Weingold is co-founder and a principal of Ohio-based College Planning Network, LLC. Scott was recently ranked the #1 “College Financial Aid Expert Worth Knowing About” in the entire country by CollegeStats.org. In addition to publishing the popular free online newsletter College Funding Made Simple, Scott also co-authored the book, “The Real Secret To Paying For College: The Insider’s Guide To Sending Your Child To College – Without Spending Your Life’s Savings.”

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Federal Student Loan Scam Alan Collinge Coast to Coast 05-27-2011.mov

Posted on August 22, 2011

www.facebook.com www.coasttocoastam.com In the first hour, Ian Punnett welcomed the founder of StudentLoanJustice.org, Alan Collinge, who discussed how federal student loans have become predatory, turning a generation into debtor slaves. “It’s a socially horrible epidemic,” he declared, noting that America’s total student loan debt now surpasses the nation’s credit card debt. He explained that student loans are particularly pernicious because they contain no consumer safeguards such as bankruptcy protection, statute of limitations, or the ability to re-finance the debt in an open market. As a result of these factors, Collinge said, when a loan is defaulted, it can double or even triple due to penalties and fees. In looking at the source of the problem, Collinge pointed to student loan advocates and the Department of Education as the key entities that “failed to play their part” in overseeing lending practices. According to him, the DOE has been using a faulty metric to determine the default rate on student loans, thus misleading Congress into increasing the allowable limits on colleges for lending. Additionally, Collinge said, the DOE actually makes “about 22% versus what they pay out” for defaulted student loans. In order to fix the student loan epidemic, Collinge endorsed restoring bankruptcy protections for these loans. Should that happen, he said, “a multitude of problems” will resolve themselves, including an “almost overnight” drop in college tuitions.
Video Rating: 5 / 5

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