Category Archives: loan

Temporary Expanded Public Service Loan Forgiveness

Since you must work for 10 years in a qualifying job to get public service loan forgiveness and the program only started in late 2007, borrowers have only recently become eligible for relief. Unfortunately, so far, more than 99 out of every 100 public service workers who applied for loan forgiveness were rejected. Among other actions and investig

Mandatory Wage Garnishment for All Student Loan Borrowers?

Last week, Senator Lamar Alexander, the Chair of the U.S. Senate Committee on Health, Education, Labor and Pensions, proposed a program that would require student loan borrowers to repay their loans through mandatory automatic deductions from their paychecks. Yesterday, the National Consumer Law Center released a policy brief, The

Lawsuit Calls on Department of Education to Provide Relief to Students Whose Schools Closed

By Margaret Mattes Tens of thousands of student borrowers unable to complete their educations at the approximately 1473 postsecondary schools or campuses that closed between November 2013 and November 2015 nationwide are now entitled to have their federal student loans immediately discharged—i.e., cancelled. As of October 16, 2018, the U.S. Depar

Now in Effect: Rules on Student Loan Relief for School Closures and Misconduct, and Limits on Forced Arbitration

This month, in a victory by and for student loan borrowers, a court ordered that the Department of Education had illegally delayed giving effect to an important rule from 2016 designed to protect student loan borrowers and taxpayers from school closures and misconduct.  The court’s order meant that the rule—often called the 2016 “Borrower Defense

96 Out of 28,000 Borrowers Approved for Public Service Loan Forgiveness … What Does This Mean for Everyone Else?

It has been one year since student loan borrowers have been theoretically eligible to have their loans forgiven under the Public Service Loan Forgiveness (PSLF) program. And yet, out of the 28,000 borrowers who applied, only 96 have had their loans forgiven. That is less than 1 percent of applicants. That number is shocking and speaks volumes abo

Tell Betsy DeVos: Cheated Students Deserve Loan Refunds and Keep Big Business Out of Higher Ed

By Higher Ed Not Debt The Department of Education wants your opinion! Under the “borrower defense” rule, the federal government will give you loan relief if you were misled or lied to by your college. The “gainful employment” rule is supposed to ensure that colleges do not leave graduates with very low earnings and high debt. If career programs d

How to Pawn Your Car

Pawn shops in the Philippines provide a wide range of financial services to Filipinos, including providing loans, processing money remittances, and accepting bills payment, among others. Thus, it shouldn’t surprise you that they can also help you pawn your car in case of emergency fiscal situations. But how does this system work? Read on below to

Things to Remember When Picking a Secondhand Car

Are you planning to buy a used car? Then better go over the things you need to look for in a vehicle before visiting your local dealership. That way, you can save money and get a great bargain. Read more about some of these things down below. Look at the Underbody A vehicle’s underbody is home to many important components. Thus, you need to thorou

Driving Tips You Won’t Learn in Driving Schools

Enrolling in a driving school to learn the how-to’s and what-not’s of driving is not such a bad idea. Not only will you be taken under the wing of expert professional drivers, but you’ll also be properly equipped with the knowledge necessary to stay safe while on the road. Still, there are lots of things not taught in driving school, some of which

Tips to Get a Good Car Deal

What is a Good Car Deal Buying a new or secondhand car may seem easy, but it’s not. In fact, you have to think about a variety of factors before you even get to the final decision stage. One mistake and you could end up splurging your hard-earned bucks on a mediocre bargain. So to help you make your car buying process simpler, below are tips you c