“Student loan repayment pause extended while waiting for debt relief,” (qz.com), Ananya Bhattacharya Student loan repayments were set to restart in the new year of 2023 if not forgiven. Another six more months breathing room has been granted before those repayments start again. The US Department of Education (DoE) announced the extension on November 22. The original moratorium […]
The little weasel Miguel Cardona has a grin on his face. They have been screwing these people over for decades. Department of Education did not check the fine print for FFEL loans. And now that Mohela said they will lose money, they yank the carpet out from under 800.000 people. God forbid they screw over […]
Alan Collinge at Student Loan Justice Org. is showcasing on Facebook various people who still have student loans even after the small loan relief. With these student loan holders, the ten or twenty thousand will go to fees, interest, and penalties as they exist or as rolled into loans. Very little (if it does) will […]
All the delays in getting to this point. I certainly was not fooled. Biden has an extensive history of believing students will renege on their loans, when there was no evidence to support his contention early-on. By early, let go back to 1978 (link is provided). I have added other Angry Bear links to build […]
The Good Note this one on your calendar, the court gets it correct. Just when you think SCOTUS will raise its ugly right-wing head again, it decides differently. I can’t tell you what the votes were for and against. This is an unsigned decision. Mabe the one who ratted on the SCOTUS-Alito’s anti-abortion decision will […]
As you “should” know by now, Alan Collinge is an activist and has organized the Student Loan Justice Org a number of years ago. The Organization attempts to represent those student loan borrowers who have no recourse for forgiveness or bankruptcy as every other person in the nation has when taking out a loan? Alan […]
That coming from Alan Collinge of Student Loan Justice Org. I have been writing about him, his supporters and followers, his Org. Student Loan Justice, and the government’s response to student loans for a decade now. This is news, facts, etc. about 45 million people in 2022 and not some anecdote. The post title comes […]
“Who got rich off the student debt crisis?” – Reveal (revealnews.org), James B. Steele and Lance Williams A bit of a story of how we got to this student loan debt debacle. It is long, tedious, and not exciting. And this is only part of it. In 2016, 42 million people were owing $1.3 trillion in student […]
“Teacher With $303K Student Debt Says Biden’s $10K Relief Plan Not Enough” (businessinsider.com) Finally, I am seeing various publications (Business Insider, etc.) writing about accrued interest on student loans. Interest on the principal and also the interest. This particular article also touches upon Deferred Student Loans and the resulting paying the interest first before touching […]
I have been bugging Alan at Student Loan Justice to talk more about Student Loan interest, etc. accumulating on these loans. As you can see it is not unusual to accumulate more interest or other costs than the original loan amount. It is also not unusual for the servicer to collect interest before paying down […]